WAT vs. VHT
Compare and contrast key facts about Waters Corporation (WAT) and Vanguard Health Care ETF (VHT).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WAT or VHT.
Key characteristics
| WAT | VHT | |
|---|---|---|
| YTD Return | 14.42% | 7.49% |
| 1Y Return | 41.13% | 16.24% |
| 3Y Return (Ann) | 2.92% | 2.68% |
| 5Y Return (Ann) | 11.66% | 9.51% |
| 10Y Return (Ann) | 12.88% | 9.61% |
| Sharpe Ratio | 1.33 | 1.49 |
| Sortino Ratio | 2.30 | 2.10 |
| Omega Ratio | 1.28 | 1.27 |
| Calmar Ratio | 1.18 | 1.51 |
| Martin Ratio | 4.96 | 6.68 |
| Ulcer Index | 9.20% | 2.45% |
| Daily Std Dev | 34.36% | 10.96% |
| Max Drawdown | -80.12% | -39.12% |
| Current Drawdown | -11.30% | -7.09% |
Correlation
The correlation between WAT and VHT is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
WAT vs. VHT - Performance Comparison
In the year-to-date period, WAT achieves a 14.42% return, which is significantly higher than VHT's 7.49% return. Over the past 10 years, WAT has outperformed VHT with an annualized return of 12.88%, while VHT has yielded a comparatively lower 9.61% 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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Risk-Adjusted Performance
WAT vs. VHT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Waters Corporation (WAT) and Vanguard Health Care ETF (VHT). 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
WAT vs. VHT - Dividend Comparison
WAT has not paid dividends to shareholders, while VHT's dividend yield for the trailing twelve months is around 1.44%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WAT Waters Corporation | 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 | 1.44% | 1.36% | 1.33% | 1.14% | 1.21% | 1.89% | 1.38% | 1.31% | 1.45% | 1.22% | 1.02% | 1.12% |
Drawdowns
WAT vs. VHT - Drawdown Comparison
The maximum WAT drawdown since its inception was -80.12%, which is greater than VHT's maximum drawdown of -39.12%. Use the drawdown chart below to compare losses from any high point for WAT and VHT. For additional features, visit the drawdowns tool.
Volatility
WAT vs. VHT - Volatility Comparison
Waters Corporation (WAT) has a higher volatility of 19.19% compared to Vanguard Health Care ETF (VHT) at 3.41%. This indicates that WAT's price experiences larger fluctuations and is considered to be riskier than VHT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.