VFH vs. TFNS

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard Financials ETF (VFH) and T. Rowe Price Financials ETF (TFNS).

VFH and TFNS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VFH is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Financials 25/50 Index. It was launched on Jan 26, 2004. TFNS is an actively managed fund by T. Rowe Price. It was launched on Jun 11, 2025.

Performance

VFH vs. TFNS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Financials ETF (VFH) and T. Rowe Price Financials ETF (TFNS). The values are adjusted to include any dividend payments, if applicable.

VFH vs. TFNS - Yearly Performance Comparison

	2026 (YTD)	2025
VFH Vanguard Financials ETF	-9.19%	9.34%
TFNS T. Rowe Price Financials ETF	-8.56%	10.41%

Returns By Period

In the year-to-date period, VFH achieves a -9.19% return, which is significantly lower than TFNS's -8.56% return.

VFH

• 1D: 0.02%
• 1M: -3.54%
• YTD: -9.19%
• 6M: -6.32%
• 1Y: 2.78%
• 3Y*: 17.95%
• 5Y*: 9.33%
• 10Y*: 12.30%

TFNS

• 1D: 0.14%
• 1M: -3.39%
• YTD: -8.56%
• 6M: -4.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VFH vs. TFNS - Expense Ratio Comparison

VFH has a 0.10% expense ratio, which is lower than TFNS's 0.44% expense ratio.

TFNS

T. Rowe Price Financials ETF

VFH

Vanguard Financials ETF

Return for Risk

VFH vs. TFNS — Risk / Return Rank

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

VFH

VFH Risk / Return Rank: 15
VFH Sharpe Ratio Rank: 15
VFH Sortino Ratio Rank: 14
VFH Omega Ratio Rank: 15
VFH Calmar Ratio Rank: 15
VFH Martin Ratio Rank: 16

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.

VFH vs. TFNS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Financials ETF (VFH) and T. Rowe Price Financials ETF (TFNS). 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.

	VFH	TFNS	Difference
Sharpe ratio Return per unit of total volatility	0.14	—	—
Sortino ratio Return per unit of downside risk	0.32	—	—
Omega ratio Gain probability vs. loss probability	1.05	—	—
Calmar ratio Return relative to maximum drawdown	0.18	—	—
Martin ratio Return relative to average drawdown	0.54	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VFH	TFNS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.14	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.08	+0.16

Correlation

The correlation between VFH and TFNS is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

VFH vs. TFNS - Dividend Comparison

VFH's dividend yield for the trailing twelve months is around 1.61%, more than TFNS's 0.54% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VFH Vanguard Financials ETF	1.61%	1.55%	1.75%	2.08%	2.31%	1.87%	2.21%	2.17%	2.30%	1.53%	1.63%	2.00%
TFNS T. Rowe Price Financials ETF	0.54%	0.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

VFH vs. TFNS - Drawdown Comparison

The maximum VFH drawdown since its inception was -78.61%, which is greater than TFNS's maximum drawdown of -14.00%. Use the drawdown chart below to compare losses from any high point for VFH and TFNS.

Drawdown Indicators

	VFH	TFNS	Difference
Max Drawdown Largest peak-to-trough decline	-78.61%	-14.00%	-64.61%
Max Drawdown (1Y) Largest decline over 1 year	-14.75%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.42%	—	—
Current Drawdown Current decline from peak	-11.95%	-11.11%	-0.84%
Average Drawdown Average peak-to-trough decline	-18.62%	-3.14%	-15.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.99%	—	—

Volatility

Volatility by Period

	VFH	TFNS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.93%	15.46%	+4.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.37%	15.46%	+3.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.55%	15.46%	+7.09%