VHCIX vs. XLV
Compare and contrast key facts about Vanguard Health Care Index Fund Admiral Shares (VHCIX) and Health Care Select Sector SPDR Fund (XLV).
VHCIX is managed by Vanguard. It was launched on Feb 5, 2004. 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: VHCIX or XLV.
Key characteristics
| VHCIX | XLV | |
|---|---|---|
| YTD Return | 14.93% | 15.37% |
| 1Y Return | 19.14% | 19.10% |
| 3Y Return (Ann) | 5.17% | 7.35% |
| 5Y Return (Ann) | 12.38% | 13.23% |
| 10Y Return (Ann) | 10.90% | 11.04% |
| Sharpe Ratio | 1.72 | 1.80 |
| Daily Std Dev | 11.25% | 10.82% |
| Max Drawdown | -39.12% | -39.18% |
| Current Drawdown | -0.67% | -0.66% |
Correlation
The correlation between VHCIX and XLV is 0.97, 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
VHCIX vs. XLV - Performance Comparison
The year-to-date returns for both investments are quite close, with VHCIX having a 14.93% return and XLV slightly higher at 15.37%. Both investments have delivered pretty close results over the past 10 years, with VHCIX having a 10.90% annualized return and XLV not far ahead at 11.04%. 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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VHCIX vs. XLV - Expense Ratio Comparison
VHCIX has a 0.10% expense ratio, which is lower than XLV's 0.12% expense ratio. Despite the difference, 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
VHCIX vs. XLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Health Care Index Fund Admiral Shares (VHCIX) 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
VHCIX vs. XLV - Dividend Comparison
VHCIX's dividend yield for the trailing twelve months is around 1.24%, less than XLV's 1.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VHCIX Vanguard Health Care Index Fund Admiral Shares | 1.24% | 1.36% | 1.33% | 1.14% | 1.21% | 1.89% | 1.38% | 1.31% | 1.45% | 1.22% | 1.02% | 1.13% |
XLV Health Care Select Sector SPDR Fund | 1.43% | 1.59% | 1.47% | 1.33% | 1.49% | 2.16% | 1.56% | 1.46% | 1.59% | 1.43% | 1.34% | 1.51% |
Drawdowns
VHCIX vs. XLV - Drawdown Comparison
The maximum VHCIX drawdown since its inception was -39.12%, roughly equal to the maximum XLV drawdown of -39.18%. Use the drawdown chart below to compare losses from any high point for VHCIX and XLV. For additional features, visit the drawdowns tool.
Volatility
VHCIX vs. XLV - Volatility Comparison
Vanguard Health Care Index Fund Admiral Shares (VHCIX) has a higher volatility of 2.31% compared to Health Care Select Sector SPDR Fund (XLV) at 2.14%. This indicates that VHCIX's price experiences larger fluctuations and is considered to be riskier than XLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.