VGHAX vs. XLV
Compare and contrast key facts about Vanguard Health Care Fund Admiral Shares (VGHAX) and Health Care Select Sector SPDR Fund (XLV).
VGHAX is managed by Vanguard. It was launched on Nov 12, 2001. XLV is a passively managed fund by State Street that tracks the performance of the Health Care Select Sector. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VGHAX or XLV.
Key characteristics
| VGHAX | XLV | |
|---|---|---|
| YTD Return | 2.28% | 8.88% |
| 1Y Return | 6.88% | 16.65% |
| 3Y Return (Ann) | -2.89% | 4.78% |
| 5Y Return (Ann) | 1.26% | 10.45% |
| 10Y Return (Ann) | 0.51% | 9.90% |
| Sharpe Ratio | 0.72 | 1.66 |
| Sortino Ratio | 1.06 | 2.33 |
| Omega Ratio | 1.13 | 1.30 |
| Calmar Ratio | 0.49 | 2.11 |
| Martin Ratio | 2.27 | 7.20 |
| Ulcer Index | 3.69% | 2.42% |
| Daily Std Dev | 11.59% | 10.50% |
| Max Drawdown | -45.79% | -39.18% |
| Current Drawdown | -11.19% | -6.27% |
Correlation
The correlation between VGHAX and XLV is 0.89, 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.
Performance
VGHAX vs. XLV - Performance Comparison
In the year-to-date period, VGHAX achieves a 2.28% return, which is significantly lower than XLV's 8.88% return. Over the past 10 years, VGHAX has underperformed XLV with an annualized return of 0.51%, while XLV has yielded a comparatively higher 9.90% annualized 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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VGHAX vs. XLV - Expense Ratio Comparison
VGHAX has a 0.25% expense ratio, which is higher than XLV's 0.12% 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
VGHAX vs. XLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Health Care Fund Admiral Shares (VGHAX) and Health Care Select Sector SPDR Fund (XLV). 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
VGHAX vs. XLV - Dividend Comparison
VGHAX's dividend yield for the trailing twelve months is around 0.89%, less than XLV's 1.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGHAX Vanguard Health Care Fund Admiral Shares | 0.89% | 0.89% | 0.83% | 0.91% | 0.93% | 1.22% | 1.28% | 1.06% | 1.06% | 1.24% | 1.05% | 1.32% |
XLV Health Care Select Sector SPDR Fund | 1.55% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.58% | 1.47% | 1.60% | 1.43% | 1.35% | 1.52% |
Drawdowns
VGHAX vs. XLV - Drawdown Comparison
The maximum VGHAX drawdown since its inception was -45.79%, which is greater than XLV's maximum drawdown of -39.18%. Use the drawdown chart below to compare losses from any high point for VGHAX and XLV. For additional features, visit the drawdowns tool.
Volatility
VGHAX vs. XLV - Volatility Comparison
Vanguard Health Care Fund Admiral Shares (VGHAX) and Health Care Select Sector SPDR Fund (XLV) have volatilities of 2.94% and 2.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.