SPXV vs. VHT
Compare and contrast key facts about ProShares S&P 500 Ex-Health Care ETF (SPXV) and Vanguard Health Care ETF (VHT).
SPXV and VHT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPXV is a passively managed fund by ProShares that tracks the performance of the S&P 500 Ex-Health Care Index. It was launched on Sep 22, 2015. VHT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Health Care 25/50 Index. It was launched on Jan 26, 2004. Both SPXV and VHT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPXV or VHT.
Key characteristics
| SPXV | VHT | |
|---|---|---|
| YTD Return | 29.29% | 9.74% |
| 1Y Return | 40.16% | 20.17% |
| 3Y Return (Ann) | 12.20% | 3.17% |
| 5Y Return (Ann) | 18.17% | 10.43% |
| Sharpe Ratio | 3.15 | 1.93 |
| Sortino Ratio | 4.11 | 2.69 |
| Omega Ratio | 1.58 | 1.35 |
| Calmar Ratio | 4.42 | 1.75 |
| Martin Ratio | 20.32 | 8.79 |
| Ulcer Index | 2.04% | 2.39% |
| Daily Std Dev | 13.17% | 10.87% |
| Max Drawdown | -34.34% | -39.12% |
| Current Drawdown | -0.78% | -5.14% |
Correlation
The correlation between SPXV and VHT is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPXV vs. VHT - Performance Comparison
In the year-to-date period, SPXV achieves a 29.29% return, which is significantly higher than VHT's 9.74% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPXV vs. VHT - Expense Ratio Comparison
SPXV has a 0.27% expense ratio, which is higher than VHT's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SPXV vs. VHT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Health Care ETF (SPXV) 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.
Dividends
SPXV vs. VHT - Dividend Comparison
SPXV's dividend yield for the trailing twelve months is around 1.14%, less than VHT's 1.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXV ProShares S&P 500 Ex-Health Care ETF | 1.14% | 1.27% | 1.67% | 1.40% | 1.45% | 1.58% | 1.90% | 1.56% | 3.08% | 0.00% | 0.00% | 0.00% |
VHT Vanguard Health Care ETF | 1.41% | 1.36% | 1.33% | 1.14% | 1.21% | 1.89% | 1.38% | 1.31% | 1.45% | 1.22% | 1.02% | 1.12% |
Drawdowns
SPXV vs. VHT - Drawdown Comparison
The maximum SPXV drawdown since its inception was -34.34%, smaller than the maximum VHT drawdown of -39.12%. Use the drawdown chart below to compare losses from any high point for SPXV and VHT. For additional features, visit the drawdowns tool.
Volatility
SPXV vs. VHT - Volatility Comparison
ProShares S&P 500 Ex-Health Care ETF (SPXV) has a higher volatility of 4.27% compared to Vanguard Health Care ETF (VHT) at 3.19%. This indicates that SPXV'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.