VHT vs. GERM

Last updated Jun 24, 2026

VHT (Vanguard Health Care ETF) and GERM (Amplify Treatments, Testing and Advancements ETF) are both Health & Biotech Equities funds - VHT tracks the MSCI US Investable Market Health Care 25/50 Index while GERM tracks the Prime Treatments, Testing and Advancements Index. Both are passively managed. Over the past year, VHT returned 19.32% vs 0.00% for GERM. VHT charges 0.09%/yr vs 0.68%/yr for GERM.

Performance

VHT vs. GERM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Health Care ETF (VHT) and Amplify Treatments, Testing and Advancements ETF (GERM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VHT

• 1D: 1.30%
• 1M: 2.66%
• YTD: -0.03%
• 6M: -0.44%
• 1Y: 19.32%
• 3Y*: 7.09%
• 5Y*: 4.60%
• 10Y*: 10.14%

GERM

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 0.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VHT vs. GERM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VHT Vanguard Health Care ETF	-0.03%	15.46%	-9.61%
GERM Amplify Treatments, Testing and Advancements ETF	0.00%	0.00%	0.00%

VHT vs. GERM - Sectors Allocation Comparison

Sectors	VHT	GERM
Healthcare	100.0%	99.3%
Financial Services	0.0%	0.4%
Industrials	0.0%	-
Technology	0.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

VHT vs. GERM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VHT

VHT Risk / Return Rank: 37
VHT Sharpe Ratio Rank: 39
VHT Sortino Ratio Rank: 42
VHT Omega Ratio Rank: 36
VHT Calmar Ratio Rank: 39
VHT Martin Ratio Rank: 32

GERM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VHT vs. GERM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Health Care ETF (VHT) and Amplify Treatments, Testing and Advancements ETF (GERM). 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.

	VHT	GERM	Difference
Sharpe ratio: Return per unit of total volatility	1.32	—	—
Sortino ratio: Return per unit of downside risk	2.04	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.87	—	—
Martin ratio: Return relative to average drawdown	4.59	—	—

Drawdowns

VHT vs. GERM - Drawdown Comparison

The maximum VHT drawdown since its inception was -39.12%, which is greater than GERM's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VHT and GERM.

Drawdown Indicators

	VHT	GERM	Difference
Max Drawdown Largest peak-to-trough decline	-39.12%	0.00%	-39.12%
Max Drawdown (1Y) Largest decline over 1 year	-10.40%	0.00%	-10.40%
Max Drawdown (3Y) Largest decline over 3 years	-16.91%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.71%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.85%	—	—
Current Drawdown Current decline from peak	-3.20%	0.00%	-3.20%
Average Drawdown Average peak-to-trough decline	-5.98%	0.00%	-5.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.22%	0.00%	+4.22%

Volatility

VHT vs. GERM - Volatility Comparison

Vanguard Health Care ETF (VHT) has a higher volatility of 5.02% compared to Amplify Treatments, Testing and Advancements ETF (GERM) at 0.00%. This indicates that VHT's price experiences larger fluctuations and is considered to be riskier than GERM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VHT	GERM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.02%	0.00%	+5.02%
Volatility (6M) Calculated over the trailing 6-month period	10.49%	0.00%	+10.49%
Volatility (1Y) Calculated over the trailing 1-year period	14.72%	0.00%	+14.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.03%	0.00%	+15.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	0.00%	+16.95%

VHT vs. GERM - Expense Ratio Comparison

VHT has a 0.09% expense ratio, which is lower than GERM's 0.68% expense ratio.

Dividends

VHT vs. GERM - Dividend Comparison

VHT's dividend yield for the trailing twelve months is around 1.64%, while GERM has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GERM Amplify Treatments, Testing and Advancements ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VHT Vanguard Health Care ETF	1.64%	1.61%	1.53%	1.36%	1.33%	1.14%	1.21%	1.89%	1.38%	1.31%	1.45%	1.22%

Frequently Asked Questions

Which is riskier, VHT or GERM?

VHT has higher volatility (5.02%) compared to GERM (0.00%). In terms of maximum drawdown, VHT dropped -39.12% vs GERM's 0.00%.

Which ETF is better, VHT or GERM?

On 1-year performance, VHT leads with 19.32% vs 0.00% for GERM. On fees, VHT is cheaper at 0.09% per year. On volatility, GERM has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VHT or GERM?

Over the 1-year period, VHT has performed better with a 19.32% return vs 0.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VHT or GERM?

VHT is cheaper with a 0.09% expense ratio, compared with 0.68% for GERM.

Which ETF pays a higher dividend yield, VHT or GERM?

VHT has the higher dividend yield at 1.64%, compared with 0.00% for GERM.

What is the main difference between VHT and GERM?

VHT tracks MSCI US Investable Market Health Care 25/50 Index, while GERM tracks Prime Treatments, Testing and Advancements Index. They also come from different issuers: Vanguard and Amplify. Their fees differ too: 0.09% for VHT and 0.68% for GERM.