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VOT vs. IYH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VOT vs. IYH

Last updated Jun 9, 2026

VOT (Vanguard Mid-Cap Growth ETF) and IYH (iShares U.S. Healthcare ETF) are both exchange-traded funds - VOT is a Mid Cap Growth Equities fund tracking the CRSP US Mid Cap Growth Index, while IYH is a Health & Biotech Equities fund tracking the Dow Jones U.S. Health Care Index. Both are passively managed. Over the past 10 years, VOT returned 11.95%/yr vs 9.38%/yr for IYH. A 0.69 correlation means they provide meaningful diversification when combined. VOT charges 0.05%/yr vs 0.43%/yr for IYH.

Performance

VOT vs. IYH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Mid-Cap Growth ETF (VOT) and iShares U.S. Healthcare ETF (IYH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VOT achieves a 5.49% return, which is significantly higher than IYH's -1.29% return. Over the past 10 years, VOT has outperformed IYH with an annualized return of 11.95%, while IYH has yielded a comparatively lower 9.38% annualized return.

VOT

1D
0.12%
1M
1.80%
YTD
5.49%
6M
3.73%
1Y
7.75%
3Y*
15.09%
5Y*
6.19%
10Y*
11.95%

IYH

1D
-0.28%
1M
6.02%
YTD
-1.29%
6M
0.79%
1Y
15.28%
3Y*
6.60%
5Y*
4.95%
10Y*
9.38%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VOT vs. IYH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VOT
Vanguard Mid-Cap Growth ETF		5.49%10.72%16.38%23.10%-28.87%20.50%34.50%33.76%-5.56%21.80%
IYH
iShares U.S. Healthcare ETF		-1.29%13.16%2.99%2.14%-4.46%23.41%15.56%20.80%5.80%22.27%

Correlation

The correlation between VOT and IYH is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.36

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

0.47

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

0.58

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

0.64

Correlation (All Time)
Calculated using the full available price history since Aug 25, 2006

0.69

Over the past year, the correlation between VOT and IYH has dropped to 0.36 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

VOT vs. IYH - Sectors Allocation Comparison

Sectors
VOT
IYH

Technology

28.9%

-

Industrials

23.7%

-

Consumer Cyclical

13.9%

-

Healthcare

9.3%
100.0%

Financial Services

6.8%

-

Real Estate

4.8%

-

Communication Services

3.8%

-

Utilities

3.5%

-

Energy

2.7%

-

Basic Materials

1.8%

-

Consumer Defensive

0.8%

-

Technology

VOT
28.9%
IYH

-

Industrials

VOT
23.7%
IYH

-

Consumer Cyclical

VOT
13.9%
IYH

-

Healthcare

VOT
9.3%
IYH
100.0%

Financial Services

VOT
6.8%
IYH

-

Real Estate

VOT
4.8%
IYH

-

Communication Services

VOT
3.8%
IYH

-

Utilities

VOT
3.5%
IYH

-

Energy

VOT
2.7%
IYH

-

Basic Materials

VOT
1.8%
IYH

-

Consumer Defensive

VOT
0.8%
IYH

-

Compare stocks, funds, or ETFs

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

Vanguard Mid-Cap Growth ETF

iShares U.S. Healthcare ETF

Often compared with VOT:
VOT vs. VOVOT vs. VOEVOT vs. IWPVOT vs. VMGMXVOT vs. IJHVOT vs. IMCGVOT vs. FMDGX
Often compared with IYH:
IYH vs. VHTIYH vs. XLVIYH vs. SPYIYH vs. IYEIYH vs. IFRAIYH vs. BMEDIYH vs. IBB

Return for Risk

VOT vs. IYH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VOT
VOT Risk / Return Rank: 1717
Overall Rank
VOT Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
VOT Sortino Ratio Rank: 1717
Sortino Ratio Rank
VOT Omega Ratio Rank: 1616
Omega Ratio Rank
VOT Calmar Ratio Rank: 1515
Calmar Ratio Rank
VOT Martin Ratio Rank: 1616
Martin Ratio Rank
IYH
IYH Risk / Return Rank: 3131
Overall Rank
IYH Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
IYH Sortino Ratio Rank: 3333
Sortino Ratio Rank
IYH Omega Ratio Rank: 3030
Omega Ratio Rank
IYH Calmar Ratio Rank: 3232
Calmar Ratio Rank
IYH Martin Ratio Rank: 2727
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.

VOT vs. IYH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Growth ETF (VOT) and iShares U.S. Healthcare ETF (IYH). 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.

VOTIYHDifference
Sharpe ratioReturn per unit of total volatility
0.48
1.02

-0.54

Sortino ratioReturn per unit of downside risk
0.77
1.64

-0.87

Omega ratioGain probability vs. loss probability

1.09

1.18

-0.09

Calmar ratioReturn relative to maximum drawdown

0.49

1.44

-0.95

Martin ratioReturn relative to average drawdown

1.46

3.45

-1.99

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VOT vs. IYH - Sharpe Ratio Comparison

The current VOT Sharpe Ratio is 0.48, which is lower than the IYH Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of VOT and IYH, 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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Sharpe Ratios by Period

VOTIYHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.48

1.02

-0.54

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.29

0.33

-0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.57

0.56

+0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.43

+0.01

Drawdowns

VOT vs. IYH - Drawdown Comparison

The maximum VOT drawdown since its inception was -60.16%, which is greater than IYH's maximum drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for VOT and IYH.

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Drawdown Indicators

VOTIYHDifference

Max Drawdown

Largest peak-to-trough decline

-60.16%

-43.12%

-17.04%

Max Drawdown (1Y)

Largest decline over 1 year

-15.96%

-10.64%

-5.32%

Max Drawdown (3Y)

Largest decline over 3 years

-21.77%

-17.91%

-3.86%

Max Drawdown (5Y)

Largest decline over 5 years

-37.19%

-17.91%

-19.28%

Max Drawdown (10Y)

Largest decline over 10 years

-37.19%

-28.40%

-8.79%

Current Drawdown

Current decline from peak

-3.48%

-4.56%

+1.08%

Average Drawdown

Average peak-to-trough decline

-9.96%

-8.96%

-1.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.33%

4.43%

+0.90%

Volatility

VOT vs. IYH - Volatility Comparison

Vanguard Mid-Cap Growth ETF (VOT) has a higher volatility of 5.45% compared to iShares U.S. Healthcare ETF (IYH) at 4.97%. This indicates that VOT's price experiences larger fluctuations and is considered to be riskier than IYH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VOTIYHDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.45%

4.97%

+0.48%

Volatility (6M)

Calculated over the trailing 6-month period

12.85%

10.67%

+2.18%

Volatility (1Y)

Calculated over the trailing 1-year period

16.20%

15.03%

+1.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.41%

14.97%

+6.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.02%

16.74%

+4.28%

VOT vs. IYH - Expense Ratio Comparison

VOT has a 0.05% expense ratio, which is lower than IYH's 0.43% expense ratio.

Dividends

VOT vs. IYH - Dividend Comparison

VOT's dividend yield for the trailing twelve months is around 0.63%, less than IYH's 1.26% yield.

PositionTTM20252024202320222021202020192018201720162015
IYH
iShares U.S. Healthcare ETF		1.26%1.19%1.25%1.18%1.10%0.94%1.16%1.14%1.95%1.10%1.29%2.02%
VOT
Vanguard Mid-Cap Growth ETF		0.63%0.64%0.67%0.71%0.78%0.34%0.56%0.78%0.84%0.72%0.81%0.81%

Frequently Asked Questions

VOT and IYH have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VOT has higher volatility (5.45%) compared to IYH (4.97%). In terms of maximum drawdown, VOT dropped -60.16% vs IYH's -43.12%.

On 10-year performance, VOT leads with 11.95% vs 9.38% for IYH. On fees, VOT is cheaper at 0.05% per year. On volatility, IYH has been the lower-risk option at 4.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VOT has performed better with a 11.95% return vs 9.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VOT is cheaper with a 0.05% expense ratio, compared with 0.43% for IYH.

IYH has the higher dividend yield at 1.26%, compared with 0.63% for VOT.

VOT is categorized as Mid Cap Growth Equities, while IYH is Health & Biotech Equities. VOT tracks CRSP US Mid Cap Growth Index, while IYH tracks Dow Jones U.S. Health Care Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.05% for VOT and 0.43% for IYH.

IYH currently has the higher Sharpe Ratio (1.02 vs 0.48), 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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