VGHAX vs. BLPAX

Last updated Jun 4, 2026

VGHAX (Vanguard Health Care Fund Admiral Shares) and BLPAX (American Funds Moderate Growth and Income Portfolio Class A) are both mutual funds - VGHAX is a Health & Biotech Equities fund managed by Vanguard, while BLPAX is a Diversified Portfolio fund managed by American Funds. Over the past 10 years, VGHAX returned 8.70%/yr vs 9.20%/yr for BLPAX. A 0.73 correlation means they provide meaningful diversification when combined. VGHAX charges 0.25%/yr vs 0.66%/yr for BLPAX.

Performance

VGHAX vs. BLPAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Health Care Fund Admiral Shares (VGHAX) and American Funds Moderate Growth and Income Portfolio Class A (BLPAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VGHAX achieves a -4.65% return, which is significantly lower than BLPAX's 7.59% return. Over the past 10 years, VGHAX has underperformed BLPAX with an annualized return of 8.70%, while BLPAX has yielded a comparatively higher 9.20% annualized return.

VGHAX

• 1D: -1.55%
• 1M: -1.39%
• YTD: -4.65%
• 6M: -4.26%
• 1Y: 16.26%
• 3Y*: 8.39%
• 5Y*: 7.23%
• 10Y*: 8.70%

BLPAX

• 1D: 0.33%
• 1M: 3.18%
• YTD: 7.59%
• 6M: 8.15%
• 1Y: 19.35%
• 3Y*: 14.82%
• 5Y*: 7.70%
• 10Y*: 9.20%

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

VGHAX vs. BLPAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGHAX Vanguard Health Care Fund Admiral Shares	-4.65%	19.72%	9.10%	5.51%	-1.00%	12.82%	12.62%	22.99%	1.07%	19.64%
BLPAX American Funds Moderate Growth and Income Portfolio Class A	7.59%	16.64%	11.30%	13.87%	-13.60%	13.87%	13.16%	19.53%	-4.59%	16.71%

Correlation

The correlation between VGHAX and BLPAX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since May 21, 2012	0.73

Over the past year, the correlation between VGHAX and BLPAX has dropped to 0.52 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

Return for Risk

VGHAX vs. BLPAX — Risk / Return Rank

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

VGHAX

VGHAX Risk / Return Rank: 17
VGHAX Sharpe Ratio Rank: 15
VGHAX Sortino Ratio Rank: 16
VGHAX Omega Ratio Rank: 14
VGHAX Calmar Ratio Rank: 22
VGHAX Martin Ratio Rank: 16

BLPAX

BLPAX Risk / Return Rank: 60
BLPAX Sharpe Ratio Rank: 63
BLPAX Sortino Ratio Rank: 61
BLPAX Omega Ratio Rank: 63
BLPAX Calmar Ratio Rank: 51
BLPAX Martin Ratio Rank: 61

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. BLPAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Health Care Fund Admiral Shares (VGHAX) and American Funds Moderate Growth and Income Portfolio Class A (BLPAX). 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.

	VGHAX	BLPAX	Difference
Sharpe ratio: Return per unit of total volatility	1.08	2.32	-1.24
Sortino ratio: Return per unit of downside risk	1.68	3.28	-1.60
Omega ratio: Gain probability vs. loss probability	1.19	1.44	-0.25
Calmar ratio: Return relative to maximum drawdown	1.74	2.72	-0.98
Martin ratio: Return relative to average drawdown	4.63	12.15	-7.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGHAX vs. BLPAX - Sharpe Ratio Comparison

The current VGHAX Sharpe Ratio is 1.08, which is lower than the BLPAX Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of VGHAX and BLPAX, 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

	VGHAX	BLPAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	2.32	-1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.74	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.85	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.92	-0.32

Drawdowns

VGHAX vs. BLPAX - Drawdown Comparison

The maximum VGHAX drawdown since its inception was -36.85%, which is greater than BLPAX's maximum drawdown of -23.21%. Use the drawdown chart below to compare losses from any high point for VGHAX and BLPAX.

Drawdown Indicators

	VGHAX	BLPAX	Difference
Max Drawdown Largest peak-to-trough decline	-36.85%	-23.21%	-13.64%
Max Drawdown (1Y) Largest decline over 1 year	-9.19%	-7.26%	-1.93%
Max Drawdown (3Y) Largest decline over 3 years	-16.05%	-10.62%	-5.43%
Max Drawdown (5Y) Largest decline over 5 years	-16.92%	-20.65%	+3.73%
Max Drawdown (10Y) Largest decline over 10 years	-27.17%	-23.21%	-3.96%
Current Drawdown Current decline from peak	-7.60%	0.00%	-7.60%
Average Drawdown Average peak-to-trough decline	-5.61%	-2.92%	-2.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.44%	1.62%	+1.82%

Volatility

VGHAX vs. BLPAX - Volatility Comparison

Vanguard Health Care Fund Admiral Shares (VGHAX) has a higher volatility of 3.78% compared to American Funds Moderate Growth and Income Portfolio Class A (BLPAX) at 2.65%. This indicates that VGHAX's price experiences larger fluctuations and is considered to be riskier than BLPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGHAX	BLPAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	2.65%	+1.13%
Volatility (6M) Calculated over the trailing 6-month period	10.35%	6.86%	+3.49%
Volatility (1Y) Calculated over the trailing 1-year period	14.74%	8.50%	+6.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.12%	10.41%	+7.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.58%	10.83%	+6.75%

VGHAX vs. BLPAX - Expense Ratio Comparison

VGHAX has a 0.25% expense ratio, which is lower than BLPAX's 0.66% expense ratio.

Dividends

VGHAX vs. BLPAX - Dividend Comparison

VGHAX's dividend yield for the trailing twelve months is around 7.00%, more than BLPAX's 5.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BLPAX American Funds Moderate Growth and Income Portfolio Class A	5.42%	5.83%	3.59%	2.30%	6.01%	4.97%	2.56%	3.83%	4.69%	3.48%	3.66%	3.69%
VGHAX Vanguard Health Care Fund Admiral Shares	7.00%	6.07%	22.84%	7.22%	5.49%	7.05%	8.02%	11.87%	9.15%	7.36%	8.60%	8.21%

Frequently Asked Questions

Can I hold both VGHAX and BLPAX in my portfolio?

VGHAX and BLPAX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VGHAX or BLPAX?

VGHAX has higher volatility (3.78%) compared to BLPAX (2.65%). In terms of maximum drawdown, VGHAX dropped -36.85% vs BLPAX's -23.21%.

Which has better risk-adjusted returns?

BLPAX currently has the higher Sharpe Ratio (2.32 vs 1.08), 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.