VHCAX vs. VHT
Compare and contrast key facts about Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) and Vanguard Health Care ETF (VHT).
VHCAX is managed by Vanguard. It was launched on Nov 12, 2001. VHT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Health Care 25/50 Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VHCAX or VHT.
Key characteristics
| VHCAX | VHT | |
|---|---|---|
| YTD Return | 18.51% | 11.88% |
| 1Y Return | 31.54% | 23.98% |
| 3Y Return (Ann) | 6.11% | 3.86% |
| 5Y Return (Ann) | 13.89% | 10.90% |
| 10Y Return (Ann) | 12.88% | 9.99% |
| Sharpe Ratio | 1.98 | 1.94 |
| Sortino Ratio | 2.76 | 2.67 |
| Omega Ratio | 1.36 | 1.35 |
| Calmar Ratio | 2.38 | 1.63 |
| Martin Ratio | 9.67 | 9.05 |
| Ulcer Index | 3.04% | 2.35% |
| Daily Std Dev | 14.83% | 11.00% |
| Max Drawdown | -54.27% | -39.12% |
| Current Drawdown | 0.00% | -3.29% |
Correlation
The correlation between VHCAX and VHT is 0.77, 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
VHCAX vs. VHT - Performance Comparison
In the year-to-date period, VHCAX achieves a 18.51% return, which is significantly higher than VHT's 11.88% return. Over the past 10 years, VHCAX has outperformed VHT with an annualized return of 12.88%, while VHT has yielded a comparatively lower 9.99% 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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VHCAX vs. VHT - Expense Ratio Comparison
VHCAX has a 0.36% expense ratio, which is higher than VHT's 0.10% expense ratio.
Risk-Adjusted Performance
VHCAX vs. VHT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) and Vanguard Health Care ETF (VHT). 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
VHCAX vs. VHT - Dividend Comparison
VHCAX's dividend yield for the trailing twelve months is around 0.65%, less than VHT's 1.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VHCAX Vanguard Capital Opportunity Fund Admiral Shares | 0.65% | 0.76% | 0.88% | 0.45% | 0.52% | 0.81% | 0.94% | 0.67% | 0.77% | 0.67% | 0.67% | 0.24% |
VHT Vanguard Health Care ETF | 1.39% | 1.36% | 1.33% | 1.14% | 1.21% | 1.89% | 1.38% | 1.31% | 1.45% | 1.22% | 1.02% | 1.12% |
Drawdowns
VHCAX vs. VHT - Drawdown Comparison
The maximum VHCAX drawdown since its inception was -54.27%, which is greater than VHT's maximum drawdown of -39.12%. Use the drawdown chart below to compare losses from any high point for VHCAX and VHT. For additional features, visit the drawdowns tool.
Volatility
VHCAX vs. VHT - Volatility Comparison
Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) has a higher volatility of 4.42% compared to Vanguard Health Care ETF (VHT) at 3.10%. This indicates that VHCAX's price experiences larger fluctuations and is considered to be riskier than VHT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.