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VGHAX vs. AHSAX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

VGHAX vs. AHSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Health Care Fund Admiral Shares (VGHAX) and Alger Health Sciences Fund (AHSAX). The values are adjusted to include any dividend payments, if applicable.

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VGHAX vs. AHSAX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
VGHAX
Vanguard Health Care Fund Admiral Shares
-3.02%19.72%9.10%5.51%-1.00%12.82%12.62%22.99%1.07%19.64%
AHSAX
Alger Health Sciences Fund
-3.73%10.14%1.17%-4.26%-17.04%3.26%30.99%22.02%5.71%33.06%

Returns By Period

In the year-to-date period, VGHAX achieves a -3.02% return, which is significantly higher than AHSAX's -3.73% return. Over the past 10 years, VGHAX has outperformed AHSAX with an annualized return of 9.49%, while AHSAX has yielded a comparatively lower 8.44% annualized return.


VGHAX

1D
3.05%
1M
-4.71%
YTD
-3.02%
6M
6.85%
1Y
14.74%
3Y*
10.37%
5Y*
8.69%
10Y*
9.49%

AHSAX

1D
2.14%
1M
-6.00%
YTD
-3.73%
6M
8.88%
1Y
18.01%
3Y*
2.74%
5Y*
-2.00%
10Y*
8.44%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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VGHAX vs. AHSAX - Expense Ratio Comparison

VGHAX has a 0.25% expense ratio, which is lower than AHSAX's 1.05% expense ratio.


Return for Risk

VGHAX vs. AHSAX — Risk / Return Rank

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

VGHAX
VGHAX Risk / Return Rank: 3434
Overall Rank
VGHAX Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
VGHAX Sortino Ratio Rank: 3030
Sortino Ratio Rank
VGHAX Omega Ratio Rank: 2424
Omega Ratio Rank
VGHAX Calmar Ratio Rank: 5555
Calmar Ratio Rank
VGHAX Martin Ratio Rank: 3131
Martin Ratio Rank

AHSAX
AHSAX Risk / Return Rank: 4949
Overall Rank
AHSAX Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
AHSAX Sortino Ratio Rank: 4848
Sortino Ratio Rank
AHSAX Omega Ratio Rank: 3434
Omega Ratio Rank
AHSAX Calmar Ratio Rank: 6868
Calmar Ratio Rank
AHSAX Martin Ratio Rank: 5151
Martin Ratio Rank
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.

VGHAX vs. AHSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Health Care Fund Admiral Shares (VGHAX) and Alger Health Sciences Fund (AHSAX). 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.


VGHAXAHSAXDifference

Sharpe ratio

Return per unit of total volatility

0.75

1.03

-0.28

Sortino ratio

Return per unit of downside risk

1.13

1.51

-0.38

Omega ratio

Gain probability vs. loss probability

1.14

1.19

-0.04

Calmar ratio

Return relative to maximum drawdown

1.36

1.79

-0.43

Martin ratio

Return relative to average drawdown

3.42

5.81

-2.39

VGHAX vs. AHSAX - Sharpe Ratio Comparison

The current VGHAX Sharpe Ratio is 0.75, which is comparable to the AHSAX Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of VGHAX and AHSAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


VGHAXAHSAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.75

1.03

-0.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.48

-0.08

+0.57

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

0.36

+0.18

Sharpe Ratio (All Time)

Calculated using the full available price history

0.60

0.31

+0.29

Correlation

The correlation between VGHAX and AHSAX is 0.85, 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

VGHAX vs. AHSAX - Dividend Comparison

VGHAX's dividend yield for the trailing twelve months is around 6.88%, while AHSAX has not paid dividends to shareholders.


TTM20252024202320222021202020192018201720162015
VGHAX
Vanguard Health Care Fund Admiral Shares
6.88%6.07%22.84%7.22%5.49%7.05%8.02%11.87%9.15%7.36%8.60%8.21%
AHSAX
Alger Health Sciences Fund
0.00%0.00%0.00%0.00%0.00%27.18%11.68%6.98%7.82%0.00%0.00%0.00%

Drawdowns

VGHAX vs. AHSAX - Drawdown Comparison

The maximum VGHAX drawdown since its inception was -36.85%, smaller than the maximum AHSAX drawdown of -46.23%. Use the drawdown chart below to compare losses from any high point for VGHAX and AHSAX.


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Drawdown Indicators


VGHAXAHSAXDifference

Max Drawdown

Largest peak-to-trough decline

-36.85%

-46.23%

+9.38%

Max Drawdown (1Y)

Largest decline over 1 year

-9.19%

-9.67%

+0.48%

Max Drawdown (5Y)

Largest decline over 5 years

-16.92%

-45.04%

+28.12%

Max Drawdown (10Y)

Largest decline over 10 years

-27.17%

-45.04%

+17.87%

Current Drawdown

Current decline from peak

-6.01%

-29.98%

+23.97%

Average Drawdown

Average peak-to-trough decline

-5.61%

-14.61%

+9.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.67%

2.98%

+0.69%

Volatility

VGHAX vs. AHSAX - Volatility Comparison

Vanguard Health Care Fund Admiral Shares (VGHAX) has a higher volatility of 5.81% compared to Alger Health Sciences Fund (AHSAX) at 5.45%. This indicates that VGHAX's price experiences larger fluctuations and is considered to be riskier than AHSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


VGHAXAHSAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.81%

5.45%

+0.36%

Volatility (6M)

Calculated over the trailing 6-month period

10.63%

11.68%

-1.05%

Volatility (1Y)

Calculated over the trailing 1-year period

17.66%

16.52%

+1.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.01%

24.28%

-6.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.58%

23.38%

-5.80%