VHT vs. IHY
Compare and contrast key facts about Vanguard Health Care ETF (VHT) and VanEck Vectors International High Yield Bond ETF (IHY).
VHT and IHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IHY is a passively managed fund by VanEck that tracks the performance of the Bank of America Merrill Lynch Global Ex-‐US Issuers High Yield Constrained Index. It was launched on Apr 2, 2012. Both VHT and IHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
VHT vs. IHY - Performance Comparison
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VHT vs. IHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VHT Vanguard Health Care ETF | -5.04% | 15.46% | 2.66% | 2.52% | -5.60% | 20.57% | 18.29% | 21.87% | 5.58% | 23.26% |
IHY VanEck Vectors International High Yield Bond ETF | -1.67% | 13.39% | 3.55% | 12.11% | -14.34% | -2.82% | 8.65% | 12.77% | -4.52% | 12.54% |
Returns By Period
In the year-to-date period, VHT achieves a -5.04% return, which is significantly lower than IHY's -1.67% return. Over the past 10 years, VHT has outperformed IHY with an annualized return of 9.72%, while IHY has yielded a comparatively lower 4.11% annualized return.
VHT
- 1D
- 2.24%
- 1M
- -7.50%
- YTD
- -5.04%
- 6M
- 5.91%
- 1Y
- 4.70%
- 3Y*
- 6.16%
- 5Y*
- 5.09%
- 10Y*
- 9.72%
IHY
- 1D
- 1.12%
- 1M
- -3.18%
- YTD
- -1.67%
- 6M
- -0.34%
- 1Y
- 8.06%
- 3Y*
- 7.89%
- 5Y*
- 1.71%
- 10Y*
- 4.11%
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VHT vs. IHY - Expense Ratio Comparison
VHT has a 0.10% expense ratio, which is lower than IHY's 0.40% expense ratio.
Return for Risk
VHT vs. IHY — Risk / Return Rank
VHT
IHY
VHT vs. IHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Health Care ETF (VHT) and VanEck Vectors International High Yield Bond ETF (IHY). 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.
| VHT | IHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.27 | 1.28 | -1.02 |
Sortino ratioReturn per unit of downside risk | 0.49 | 1.84 | -1.35 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.25 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 0.51 | 1.66 | -1.15 |
Martin ratioReturn relative to average drawdown | 1.09 | 6.42 | -5.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VHT | IHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 1.28 | -1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.22 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.53 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.52 | +0.04 |
Correlation
The correlation between VHT and IHY is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
VHT vs. IHY - Dividend Comparison
VHT's dividend yield for the trailing twelve months is around 1.73%, less than IHY's 5.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VHT Vanguard Health Care ETF | 1.73% | 1.61% | 1.53% | 1.36% | 1.33% | 1.14% | 1.21% | 1.89% | 1.38% | 1.31% | 1.45% | 1.22% |
IHY VanEck Vectors International High Yield Bond ETF | 5.08% | 5.31% | 5.60% | 5.26% | 4.97% | 4.55% | 4.65% | 4.86% | 4.70% | 4.36% | 5.11% | 5.79% |
Drawdowns
VHT vs. IHY - Drawdown Comparison
The maximum VHT drawdown since its inception was -39.12%, which is greater than IHY's maximum drawdown of -27.63%. Use the drawdown chart below to compare losses from any high point for VHT and IHY.
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Drawdown Indicators
| VHT | IHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.12% | -27.63% | -11.49% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -4.75% | -5.65% |
Max Drawdown (5Y)Largest decline over 5 years | -17.71% | -27.63% | +9.92% |
Max Drawdown (10Y)Largest decline over 10 years | -28.85% | -27.63% | -1.22% |
Current DrawdownCurrent decline from peak | -8.05% | -3.68% | -4.37% |
Average DrawdownAverage peak-to-trough decline | -5.98% | -5.33% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.96% | 1.23% | +3.73% |
Volatility
VHT vs. IHY - Volatility Comparison
Vanguard Health Care ETF (VHT) has a higher volatility of 5.10% compared to VanEck Vectors International High Yield Bond ETF (IHY) at 2.49%. This indicates that VHT's price experiences larger fluctuations and is considered to be riskier than IHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VHT | IHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 2.49% | +2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.28% | 3.71% | +6.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.61% | 6.31% | +11.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 7.74% | +7.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.94% | 7.72% | +9.22% |