VHCIX vs. SPY
Compare and contrast key facts about Vanguard Health Care Index Fund Admiral Shares (VHCIX) and SPDR S&P 500 ETF (SPY).
VHCIX is managed by Vanguard. It was launched on Feb 5, 2004. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VHCIX or SPY.
Performance
VHCIX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, VHCIX achieves a 5.17% return, which is significantly lower than SPY's 24.40% return. Over the past 10 years, VHCIX has underperformed SPY with an annualized return of 9.21%, while SPY has yielded a comparatively higher 13.04% annualized return.
VHCIX
5.17%
-7.34%
-1.60%
13.46%
9.02%
9.21%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| VHCIX | SPY | |
|---|---|---|
| Sharpe Ratio | 1.23 | 2.64 |
| Sortino Ratio | 1.73 | 3.53 |
| Omega Ratio | 1.22 | 1.49 |
| Calmar Ratio | 1.29 | 3.81 |
| Martin Ratio | 5.40 | 17.21 |
| Ulcer Index | 2.54% | 1.86% |
| Daily Std Dev | 11.16% | 12.15% |
| Max Drawdown | -39.12% | -55.19% |
| Current Drawdown | -9.10% | -2.17% |
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VHCIX vs. SPY - Expense Ratio Comparison
VHCIX has a 0.10% expense ratio, which is higher than SPY's 0.09% 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%.
Correlation
The correlation between VHCIX and SPY is 0.79, 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.
Risk-Adjusted Performance
VHCIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Health Care Index Fund Admiral Shares (VHCIX) and SPDR S&P 500 ETF (SPY). 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
VHCIX vs. SPY - Dividend Comparison
VHCIX's dividend yield for the trailing twelve months is around 1.47%, more than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VHCIX Vanguard Health Care Index Fund Admiral Shares | 1.47% | 1.36% | 1.33% | 1.14% | 1.21% | 1.89% | 1.39% | 1.31% | 1.45% | 1.22% | 1.02% | 1.13% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VHCIX vs. SPY - Drawdown Comparison
The maximum VHCIX drawdown since its inception was -39.12%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VHCIX and SPY. For additional features, visit the drawdowns tool.
Volatility
VHCIX vs. SPY - Volatility Comparison
The current volatility for Vanguard Health Care Index Fund Admiral Shares (VHCIX) is 3.84%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.08%. This indicates that VHCIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.