VGHCX vs. TRMCX
VGHCX (Vanguard Health Care Fund Investor Shares) and TRMCX (T. Rowe Price Mid-Cap Value Fund) are both mutual funds - VGHCX is a Health & Biotech Equities fund actively managed by Vanguard, while TRMCX is a Mid Cap Value Equities fund actively managed by T. Rowe Price. Both are actively managed. Over the past 10 years, VGHCX returned 9.32%/yr vs 11.64%/yr for TRMCX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. VGHCX charges 0.33%/yr vs 0.87%/yr for TRMCX.
Performance
VGHCX vs. TRMCX - Performance Comparison
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Returns By Period
In the year-to-date period, VGHCX achieves a 4.43% return, which is significantly lower than TRMCX's 20.55% return. Over the past 10 years, VGHCX has underperformed TRMCX with an annualized return of 9.32%, while TRMCX has yielded a comparatively higher 11.64% annualized return.
VGHCX
- 1D
- -1.27%
- 1M
- -2.84%
- 6M
- 4.38%
- YTD
- 4.43%
- 1Y
- 28.58%
- 3Y*
- 11.51%
- 5Y*
- 7.89%
- 10Y*
- 9.32%
- ALL TIME*
- 14.60%
TRMCX
- 1D
- 0.26%
- 1M
- 0.39%
- 6M
- 14.56%
- YTD
- 20.55%
- 1Y
- 30.59%
- 3Y*
- 15.75%
- 5Y*
- 12.47%
- 10Y*
- 11.64%
- ALL TIME*
- 11.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VGHCX vs. TRMCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGHCX Vanguard Health Care Fund Investor Shares | 4.43% | 19.63% | 8.99% | 5.46% | -1.05% | 14.36% | 12.57% | 22.93% | 1.03% | 19.59% |
TRMCX T. Rowe Price Mid-Cap Value Fund | 20.55% | 6.16% | 16.21% | 18.99% | -4.16% | 24.51% | 9.84% | 19.59% | -10.66% | 11.59% |
Correlation
The correlation between VGHCX and TRMCX is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 1996 | 0.68 |
Over the past year, the correlation between VGHCX and TRMCX has dropped to 0.45 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
VGHCX vs. TRMCX — Risk / Return Rank
VGHCX
TRMCX
VGHCX vs. TRMCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Health Care Fund Investor Shares (VGHCX) and T. Rowe Price Mid-Cap Value Fund (TRMCX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VGHCX | TRMCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.34 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 2.97 | -0.03 |
| Martin ratioReturn relative to average drawdown | 7.76 | 11.56 | -3.80 |
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Drawdowns
VGHCX vs. TRMCX - Drawdown Comparison
The maximum VGHCX drawdown since its inception was -36.93%, smaller than the maximum TRMCX drawdown of -55.28%. Use the drawdown chart below to compare losses from any high point for VGHCX and TRMCX.
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Drawdown Indicators
| VGHCX | TRMCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.93% | -55.28% | +18.35% |
Max Drawdown (1Y)Largest decline over 1 year | -9.20% | -9.41% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -16.08% | -29.60% | +13.52% |
Max Drawdown (5Y)Largest decline over 5 years | -16.95% | -29.60% | +12.65% |
Max Drawdown (10Y)Largest decline over 10 years | -27.18% | -39.41% | +12.23% |
Current DrawdownCurrent decline from peak | -3.46% | -0.89% | -2.57% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -6.61% | +1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 2.44% | +1.05% |
Volatility
VGHCX vs. TRMCX - Volatility Comparison
Vanguard Health Care Fund Investor Shares (VGHCX) has a higher volatility of 5.44% compared to T. Rowe Price Mid-Cap Value Fund (TRMCX) at 3.06%. This indicates that VGHCX's price experiences larger fluctuations and is considered to be riskier than TRMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGHCX | TRMCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 3.06% | +2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 11.65% | 10.87% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.39% | 14.50% | +0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.40% | 19.24% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.67% | 19.57% | -1.90% |
VGHCX vs. TRMCX - Expense Ratio Comparison
VGHCX has a 0.33% expense ratio, which is lower than TRMCX's 0.87% expense ratio.
Dividends
VGHCX vs. TRMCX - Dividend Comparison
VGHCX's dividend yield for the trailing twelve months is around 6.33%, more than TRMCX's 4.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRMCX T. Rowe Price Mid-Cap Value Fund | 4.50% | 5.43% | 14.20% | 7.65% | 13.92% | 9.22% | 3.79% | 4.25% | 12.13% | 6.58% | 6.74% | 11.39% |
VGHCX Vanguard Health Care Fund Investor Shares | 6.33% | 6.00% | 22.72% | 7.17% | 5.44% | 8.31% | 7.96% | 11.82% | 9.10% | 7.30% | 8.54% | 8.16% |
Frequently Asked Questions
VGHCX and TRMCX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGHCX has higher volatility (5.44%) compared to TRMCX (3.06%). In terms of maximum drawdown, VGHCX dropped -36.93% vs TRMCX's -55.28%.
TRMCX currently has the higher Sharpe Ratio (1.93 vs 1.76), 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.
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