^SPXHC vs. VHT
Compare and contrast key facts about S&P 500 Health Care Index (^SPXHC) 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: ^SPXHC or VHT.
Key characteristics
| ^SPXHC | VHT | |
|---|---|---|
| YTD Return | 12.59% | 12.99% |
| 1Y Return | 16.57% | 17.86% |
| 3Y Return (Ann) | 4.19% | 3.54% |
| 5Y Return (Ann) | 11.21% | 12.09% |
| 10Y Return (Ann) | 9.27% | 10.78% |
| Sharpe Ratio | 1.58 | 1.62 |
| Daily Std Dev | 10.83% | 11.23% |
| Max Drawdown | -43.18% | -39.12% |
| Current Drawdown | -2.13% | -2.33% |
Correlation
The correlation between ^SPXHC and VHT is 0.98, 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
^SPXHC vs. VHT - Performance Comparison
The year-to-date returns for both investments are quite close, with ^SPXHC having a 12.59% return and VHT slightly higher at 12.99%. Over the past 10 years, ^SPXHC has underperformed VHT with an annualized return of 9.27%, while VHT has yielded a comparatively higher 10.78% 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
^SPXHC vs. VHT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Health Care Index (^SPXHC) 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.
Drawdowns
^SPXHC vs. VHT - Drawdown Comparison
The maximum ^SPXHC drawdown since its inception was -43.18%, which is greater than VHT's maximum drawdown of -39.12%. Use the drawdown chart below to compare losses from any high point for ^SPXHC and VHT. For additional features, visit the drawdowns tool.
Volatility
^SPXHC vs. VHT - Volatility Comparison
S&P 500 Health Care Index (^SPXHC) and Vanguard Health Care ETF (VHT) have volatilities of 3.20% and 3.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.