VHT vs. VGHAX
Compare and contrast key facts about Vanguard Health Care ETF (VHT) and Vanguard Health Care Fund Admiral Shares (VGHAX).
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. VGHAX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VHT or VGHAX.
Key characteristics
| VHT | VGHAX | |
|---|---|---|
| YTD Return | 3.24% | 3.38% |
| 1Y Return | 7.23% | 4.69% |
| 3Y Return (Ann) | 4.04% | 6.17% |
| 5Y Return (Ann) | 10.32% | 10.36% |
| 10Y Return (Ann) | 11.03% | 9.85% |
| Sharpe Ratio | 0.59 | 0.36 |
| Daily Std Dev | 10.82% | 12.00% |
| Max Drawdown | -39.12% | -36.91% |
| Current Drawdown | -4.63% | -3.23% |
Correlation
The correlation between VHT and VGHAX is 0.94, 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
VHT vs. VGHAX - Performance Comparison
The year-to-date returns for both investments are quite close, with VHT having a 3.24% return and VGHAX slightly higher at 3.38%. Over the past 10 years, VHT has outperformed VGHAX with an annualized return of 11.03%, while VGHAX has yielded a comparatively lower 9.85% annualized return. 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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VHT vs. VGHAX - Expense Ratio Comparison
VHT has a 0.10% expense ratio, which is lower than VGHAX's 0.25% 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
VHT vs. VGHAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Health Care ETF (VHT) and Vanguard Health Care Fund Admiral Shares (VGHAX). 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
VHT vs. VGHAX - Dividend Comparison
VHT's dividend yield for the trailing twelve months is around 1.34%, less than VGHAX's 6.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VHT Vanguard Health Care ETF | 1.34% | 1.36% | 1.33% | 1.14% | 1.21% | 1.89% | 1.38% | 1.31% | 1.45% | 1.22% | 1.02% | 1.12% |
VGHAX Vanguard Health Care Fund Admiral Shares | 6.91% | 7.22% | 5.49% | 8.36% | 8.02% | 11.87% | 9.24% | 7.36% | 8.60% | 8.21% | 13.07% | 8.79% |
Drawdowns
VHT vs. VGHAX - Drawdown Comparison
The maximum VHT drawdown since its inception was -39.12%, which is greater than VGHAX's maximum drawdown of -36.91%. Use the drawdown chart below to compare losses from any high point for VHT and VGHAX. For additional features, visit the drawdowns tool.
Volatility
VHT vs. VGHAX - Volatility Comparison
Vanguard Health Care ETF (VHT) has a higher volatility of 2.97% compared to Vanguard Health Care Fund Admiral Shares (VGHAX) at 2.78%. This indicates that VHT's price experiences larger fluctuations and is considered to be riskier than VGHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.