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VHT vs. INDY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VHT vs. INDY

Last updated Jun 14, 2026

VHT (Vanguard Health Care ETF) and INDY (iShares India 50 ETF) are both exchange-traded funds - VHT is a Health & Biotech Equities fund tracking the MSCI US Investable Market Health Care 25/50 Index, while INDY is a Emerging Markets Equities fund tracking the Nifty 50 Index. Both are passively managed. Over the past 10 years, VHT returned 9.87%/yr vs 6.65%/yr for INDY. At a 0.46 correlation, their price movements are largely independent. VHT charges 0.09%/yr vs 0.65%/yr for INDY.

Performance

VHT vs. INDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Health Care ETF (VHT) and iShares India 50 ETF (INDY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VHT achieves a -0.11% return, which is significantly higher than INDY's -13.37% return. Over the past 10 years, VHT has outperformed INDY with an annualized return of 9.87%, while INDY has yielded a comparatively lower 6.65% annualized return.

VHT

1D
-0.12%
1M
4.51%
YTD
-0.11%
6M
0.45%
1Y
16.49%
3Y*
7.19%
5Y*
4.78%
10Y*
9.87%

INDY

1D
1.16%
1M
0.02%
YTD
-13.37%
6M
-11.62%
1Y
-12.55%
3Y*
1.97%
5Y*
1.75%
10Y*
6.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VHT vs. INDY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VHT
Vanguard Health Care ETF		-0.11%15.46%2.66%2.52%-5.60%20.57%18.29%21.87%5.58%23.26%
INDY
iShares India 50 ETF		-13.37%4.97%3.47%16.88%-7.31%19.43%10.01%9.99%-4.32%36.15%

Correlation

The correlation between VHT and INDY is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.28

Correlation (3Y)
Calculated over the trailing 3-year period

0.32

Correlation (5Y)
Calculated over the trailing 5-year period

0.40

Correlation (10Y)
Calculated over the trailing 10-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Nov 20, 2009

0.46

The correlation between VHT and INDY shifts across timeframes, from 0.28 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.

VHT vs. INDY - Sectors Allocation Comparison

Sectors
VHT
INDY

Healthcare

100.0%
4.7%

Financial Services

0.0%
35.2%

Industrials

0.0%
8.0%

Technology

0.0%
8.5%

Basic Materials

-

7.7%

Communication Services

-

5.2%

Consumer Cyclical

-

11.0%

Consumer Defensive

-

6.0%

Energy

-

11.0%

Real Estate

-

-

Utilities

-

2.9%

Healthcare

VHT
100.0%
INDY
4.7%

Financial Services

VHT
0.0%
INDY
35.2%

Industrials

VHT
0.0%
INDY
8.0%

Technology

VHT
0.0%
INDY
8.5%

Basic Materials

VHT

-

INDY
7.7%

Communication Services

VHT

-

INDY
5.2%

Consumer Cyclical

VHT

-

INDY
11.0%

Consumer Defensive

VHT

-

INDY
6.0%

Energy

VHT

-

INDY
11.0%

Real Estate

VHT

-

INDY

-

Utilities

VHT

-

INDY
2.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Health Care ETF

iShares India 50 ETF

Often compared with VHT:
VHT vs. XLVVHT vs. VGHCXVHT vs. VOOVHT vs. VGHAXVHT vs. FHLCVHT vs. IXJVHT vs. IYH
Often compared with INDY:
INDY vs. INDAINDY vs. NFTYINDY vs. EPIINDY vs. FLININDY vs. VOOINDY vs. XNIF.LINDY vs. GLIN

Return for Risk

VHT vs. INDY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VHT
VHT Risk / Return Rank: 3434
Overall Rank
VHT Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
VHT Sortino Ratio Rank: 3737
Sortino Ratio Rank
VHT Omega Ratio Rank: 3232
Omega Ratio Rank
VHT Calmar Ratio Rank: 3535
Calmar Ratio Rank
VHT Martin Ratio Rank: 3030
Martin Ratio Rank
INDY
INDY Risk / Return Rank: 22
Overall Rank
INDY Sharpe Ratio Rank: 22
Sharpe Ratio Rank
INDY Sortino Ratio Rank: 22
Sortino Ratio Rank
INDY Omega Ratio Rank: 22
Omega Ratio Rank
INDY Calmar Ratio Rank: 33
Calmar Ratio Rank
INDY Martin Ratio Rank: 11
Martin Ratio Rank
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. INDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Health Care ETF (VHT) and iShares India 50 ETF (INDY). 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.

VHTINDYDifference
Sharpe ratioReturn per unit of total volatility
1.09
-0.97

+2.06

Sortino ratioReturn per unit of downside risk
1.71
-1.37

+3.08

Omega ratioGain probability vs. loss probability

1.19

0.85

+0.35

Calmar ratioReturn relative to maximum drawdown

1.53

-0.73

+2.27

Martin ratioReturn relative to average drawdown

3.81

-1.59

+5.40

VHT vs. INDY - Sharpe Ratio Comparison

The current VHT Sharpe Ratio is 1.09, which is higher than the INDY Sharpe Ratio of -0.97. The chart below compares the historical Sharpe Ratios of VHT and INDY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VHT vs. INDY - Drawdown Comparison

The maximum VHT drawdown since its inception was -39.12%, smaller than the maximum INDY drawdown of -44.74%. Use the drawdown chart below to compare losses from any high point for VHT and INDY.

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Drawdown Indicators

VHTINDYDifference

Max Drawdown

Largest peak-to-trough decline

-39.12%

-44.74%

+5.62%

Max Drawdown (1Y)

Largest decline over 1 year

-10.40%

-18.95%

+8.55%

Max Drawdown (3Y)

Largest decline over 3 years

-16.91%

-22.40%

+5.49%

Max Drawdown (5Y)

Largest decline over 5 years

-17.71%

-22.40%

+4.69%

Max Drawdown (10Y)

Largest decline over 10 years

-28.85%

-43.50%

+14.65%

Current Drawdown

Current decline from peak

-3.28%

-19.12%

+15.84%

Average Drawdown

Average peak-to-trough decline

-5.99%

-12.23%

+6.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.19%

8.72%

-4.53%

Volatility

VHT vs. INDY - Volatility Comparison

Vanguard Health Care ETF (VHT) has a higher volatility of 4.88% compared to iShares India 50 ETF (INDY) at 3.98%. This indicates that VHT's price experiences larger fluctuations and is considered to be riskier than INDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VHTINDYDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.88%

3.98%

+0.90%

Volatility (6M)

Calculated over the trailing 6-month period

10.46%

12.35%

-1.89%

Volatility (1Y)

Calculated over the trailing 1-year period

14.70%

14.31%

+0.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.01%

14.96%

+0.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.97%

19.58%

-2.61%

VHT vs. INDY - Expense Ratio Comparison

VHT has a 0.09% expense ratio, which is lower than INDY's 0.65% expense ratio.

Dividends

VHT vs. INDY - Dividend Comparison

VHT's dividend yield for the trailing twelve months is around 1.64%, less than INDY's 9.36% yield.

PositionTTM20252024202320222021202020192018201720162015
INDY
iShares India 50 ETF		9.36%8.11%0.24%0.38%3.75%7.12%0.08%0.58%0.55%0.27%0.48%0.57%
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

VHT and INDY have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VHT has higher volatility (4.88%) compared to INDY (3.98%). In terms of maximum drawdown, VHT dropped -39.12% vs INDY's -44.74%.

On 10-year performance, VHT leads with 9.87% vs 6.65% for INDY. On fees, VHT is cheaper at 0.09% per year. On volatility, INDY has been the lower-risk option at 3.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VHT has performed better with a 9.87% return vs 6.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VHT is cheaper with a 0.09% expense ratio, compared with 0.65% for INDY.

INDY has the higher dividend yield at 9.36%, compared with 1.64% for VHT.

VHT is categorized as Health & Biotech Equities, while INDY is Emerging Markets Equities. VHT tracks MSCI US Investable Market Health Care 25/50 Index, while INDY tracks Nifty 50 Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VHT and 0.65% for INDY.

VHT currently has the higher Sharpe Ratio (1.09 vs -0.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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