MOH vs. VHT

Last updated Jun 4, 2026

MOH (Molina Healthcare, Inc.) is a stock, while VHT (Vanguard Health Care ETF) is Health & Biotech Equities fund tracking the MSCI US Investable Market Health Care 25/50 Index. Over the past 10 years, MOH returned 13.86%/yr vs 9.26%/yr for VHT. At a 0.48 correlation, their price movements are largely independent.

Performance

MOH vs. VHT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Molina Healthcare, Inc. (MOH) and Vanguard Health Care ETF (VHT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MOH achieves a 6.50% return, which is significantly higher than VHT's -4.02% return. Over the past 10 years, MOH has outperformed VHT with an annualized return of 13.86%, while VHT has yielded a comparatively lower 9.26% annualized return.

MOH

• 1D: 2.76%
• 1M: -5.48%
• YTD: 6.50%
• 6M: 23.97%
• 1Y: -37.05%
• 3Y*: -13.66%
• 5Y*: -5.79%
• 10Y*: 13.86%

VHT

• 1D: 0.84%
• 1M: 1.45%
• YTD: -4.02%
• 6M: -4.15%
• 1Y: 14.34%
• 3Y*: 6.14%
• 5Y*: 4.51%
• 10Y*: 9.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MOH vs. VHT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MOH Molina Healthcare, Inc.	6.50%	-40.37%	-19.45%	9.41%	3.82%	49.56%	56.74%	16.75%	51.56%	41.32%
VHT Vanguard Health Care ETF	-4.02%	15.46%	2.66%	2.52%	-5.60%	20.57%	18.29%	21.87%	5.58%	23.26%

Correlation

The correlation between MOH and VHT is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Feb 2, 2004	0.48

The correlation between MOH and VHT shifts across timeframes, from 0.33 (1 year) to 0.49 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

MOH vs. VHT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MOH

MOH Risk / Return Rank: 18
MOH Sharpe Ratio Rank: 14
MOH Sortino Ratio Rank: 18
MOH Omega Ratio Rank: 16
MOH Calmar Ratio Rank: 18
MOH Martin Ratio Rank: 24

VHT

VHT Risk / Return Rank: 27
VHT Sharpe Ratio Rank: 27
VHT Sortino Ratio Rank: 28
VHT Omega Ratio Rank: 26
VHT Calmar Ratio Rank: 28
VHT Martin Ratio Rank: 25

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MOH vs. VHT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Molina Healthcare, Inc. (MOH) and Vanguard Health Care ETF (VHT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	MOH	VHT	Difference
Sharpe ratio: Return per unit of total volatility	-0.63	1.00	-1.63
Sortino ratio: Return per unit of downside risk	-0.55	1.57	-2.12
Omega ratio: Gain probability vs. loss probability	0.91	1.18	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.62	1.38	-2.00
Martin ratio: Return relative to average drawdown	-0.85	3.47	-4.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MOH vs. VHT - Sharpe Ratio Comparison

The current MOH Sharpe Ratio is -0.63, which is lower than the VHT Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of MOH and VHT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MOH	VHT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.63	1.00	-1.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	0.30	-0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.55	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.56	-0.27

Drawdowns

MOH vs. VHT - Drawdown Comparison

The maximum MOH drawdown since its inception was -70.76%, which is greater than VHT's maximum drawdown of -39.12%. Use the drawdown chart below to compare losses from any high point for MOH and VHT.

Drawdown Indicators

	MOH	VHT	Difference
Max Drawdown Largest peak-to-trough decline	-70.76%	-39.12%	-31.64%
Max Drawdown (1Y) Largest decline over 1 year	-59.96%	-10.40%	-49.56%
Max Drawdown (3Y) Largest decline over 3 years	-70.76%	-16.91%	-53.85%
Max Drawdown (5Y) Largest decline over 5 years	-70.76%	-17.71%	-53.05%
Max Drawdown (10Y) Largest decline over 10 years	-70.76%	-28.85%	-41.91%
Current Drawdown Current decline from peak	-55.95%	-7.05%	-48.90%
Average Drawdown Average peak-to-trough decline	-24.57%	-5.99%	-18.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.55%	4.14%	+39.41%

Volatility

MOH vs. VHT - Volatility Comparison

Molina Healthcare, Inc. (MOH) has a higher volatility of 11.13% compared to Vanguard Health Care ETF (VHT) at 4.08%. This indicates that MOH's price experiences larger fluctuations and is considered to be riskier than VHT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MOH	VHT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.13%	4.08%	+7.05%
Volatility (6M) Calculated over the trailing 6-month period	43.33%	10.08%	+33.25%
Volatility (1Y) Calculated over the trailing 1-year period	59.41%	14.34%	+45.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.82%	14.96%	+24.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.72%	16.94%	+23.78%

Dividends

MOH vs. VHT - Dividend Comparison

MOH has not paid dividends to shareholders, while VHT's dividend yield for the trailing twelve months is around 1.71%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MOH Molina Healthcare, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VHT Vanguard Health Care ETF	1.71%	1.61%	1.53%	1.36%	1.33%	1.14%	1.21%	1.89%	1.38%	1.31%	1.45%	1.22%

Frequently Asked Questions

Can I hold both MOH and VHT in my portfolio?

MOH and VHT have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MOH or VHT?

MOH has higher volatility (11.13%) compared to VHT (4.08%). In terms of maximum drawdown, MOH dropped -70.76% vs VHT's -39.12%.

Which has better risk-adjusted returns?

VHT currently has the higher Sharpe Ratio (1.00 vs -0.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.