SPRU vs. VHT

Last updated Jun 26, 2026

SPRU (Spruce Power Holding Corp) 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 5 years, SPRU returned -48.31%/yr vs 5.01%/yr for VHT. At a 0.19 correlation, their price movements are largely independent.

Performance

SPRU vs. VHT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Spruce Power Holding Corp (SPRU) 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, SPRU achieves a -49.51% return, which is significantly lower than VHT's 2.53% return.

SPRU

• 1D: -3.02%
• 1M: -11.99%
• YTD: -49.51%
• 6M: -51.23%
• 1Y: 29.80%
• 3Y*: -28.26%
• 5Y*: -48.31%
• 10Y*: —

VHT

• 1D: 1.49%
• 1M: 6.03%
• YTD: 2.53%
• 6M: 1.61%
• 1Y: 20.81%
• 3Y*: 8.23%
• 5Y*: 5.01%
• 10Y*: 10.60%

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

SPRU vs. VHT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SPRU Spruce Power Holding Corp	-49.51%	71.38%	-32.81%	-39.89%	-72.23%	-86.05%	138.73%	0.91%
VHT Vanguard Health Care ETF	2.53%	15.46%	2.66%	2.52%	-5.60%	20.57%	18.29%	13.88%

Correlation

The correlation between SPRU and VHT is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (All Time) Calculated using the full available price history since Sep 3, 2019	0.19

The correlation between SPRU and VHT shifts across timeframes, from 0.10 (1 year) to 0.22 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SPRU vs. VHT — Risk / Return Rank

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

SPRU

SPRU Risk / Return Rank: 58
SPRU Sharpe Ratio Rank: 54
SPRU Sortino Ratio Rank: 65
SPRU Omega Ratio Rank: 61
SPRU Calmar Ratio Rank: 55
SPRU Martin Ratio Rank: 54

VHT

VHT Risk / Return Rank: 44
VHT Sharpe Ratio Rank: 46
VHT Sortino Ratio Rank: 51
VHT Omega Ratio Rank: 43
VHT Calmar Ratio Rank: 46
VHT Martin Ratio Rank: 36

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.

SPRU vs. VHT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Spruce Power Holding Corp (SPRU) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SPRU	VHT	Difference
Sharpe ratio: Return per unit of total volatility	0.29	1.42	-1.13
Sortino ratio: Return per unit of downside risk	1.37	2.18	-0.81
Omega ratio: Gain probability vs. loss probability	1.16	1.25	-0.09
Calmar ratio: Return relative to maximum drawdown	0.50	2.01	-1.51
Martin ratio: Return relative to average drawdown	0.93	4.94	-4.01

SPRU vs. VHT - Sharpe Ratio Comparison

The current SPRU Sharpe Ratio is 0.29, which is lower than the VHT Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of SPRU 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.

Drawdowns

SPRU vs. VHT - Drawdown Comparison

The maximum SPRU drawdown since its inception was -99.56%, which is greater than VHT's maximum drawdown of -39.12%. Use the drawdown chart below to compare losses from any high point for SPRU and VHT.

Drawdown Indicators

	SPRU	VHT	Difference
Max Drawdown Largest peak-to-trough decline	-99.56%	-39.12%	-60.44%
Max Drawdown (1Y) Largest decline over 1 year	-60.22%	-10.40%	-49.82%
Max Drawdown (3Y) Largest decline over 3 years	-86.06%	-16.91%	-69.15%
Max Drawdown (5Y) Largest decline over 5 years	-98.38%	-17.71%	-80.67%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.85%	—
Current Drawdown Current decline from peak	-99.01%	-0.72%	-98.29%
Average Drawdown Average peak-to-trough decline	-75.80%	-5.98%	-69.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.17%	4.23%	+27.94%

Volatility

SPRU vs. VHT - Volatility Comparison

Spruce Power Holding Corp (SPRU) has a higher volatility of 16.82% compared to Vanguard Health Care ETF (VHT) at 5.11%. This indicates that SPRU'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

	SPRU	VHT	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.82%	5.11%	+11.71%
Volatility (6M) Calculated over the trailing 6-month period	48.02%	10.58%	+37.44%
Volatility (1Y) Calculated over the trailing 1-year period	103.66%	14.77%	+88.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.66%	15.04%	+64.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.65%	16.95%	+64.70%

Dividends

SPRU vs. VHT - Dividend Comparison

SPRU has not paid dividends to shareholders, while VHT's dividend yield for the trailing twelve months is around 1.94%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPRU Spruce Power Holding Corp	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	1.94%	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 SPRU and VHT in my portfolio?

SPRU and VHT have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPRU or VHT?

SPRU has higher volatility (16.82%) compared to VHT (5.11%). In terms of maximum drawdown, SPRU dropped -99.56% vs VHT's -39.12%.

Which has better risk-adjusted returns?

VHT currently has the higher Sharpe Ratio (1.42 vs 0.29), 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.