VHT
Vanguard Health Care ETF
Vanguard Health Care ETF seeks to track the performance of the MSCI US Investable Market Health Care Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
16.9 B
ASSETS UNDER MGMT
10 bp
EXPENSES
Fund Basics
Fund sponsor | Vanguard Group Inc/The |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Jan 26, 2004 |
Assets (mns) | $16,923 |
Expense ratio | 10 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Market Cap |
Holdings Transparency | Delayed |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
ELI LILLY & CO | 10.3 % |
UNITEDHEALTH GROUP INC | 9.0 % |
ABBVIE INC | 4.7 % |
JOHNSON & JOHNSON | 4.5 % |
MERCK & CO. INC. | 3.9 % |
ABBOTT LABORATORIES | 3.3 % |
THERMO FISHER SCIENTIFIC INC | 3.2 % |
INTUITIVE SURGICAL INC | 3.1 % |
DANAHER CORP | 2.6 % |
AMGEN INC | 2.4 % |
Constituent Breakdown
Number of holdings | 417 |
Herfindahl-Hirschman Index | 338 |
Wgt avg mkt cap (mns) | $228,875 |
Large cap (>$10bn) | 90.2% |
Mid cap ($2-10bn) | 7.1% |
Small cap (<$2bn) | 2.5% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 94.5 % | |
IRELAND | 2.4 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 9.4% | 15.3% | 5.0% | 4.6% | 9.4% | 9.5% | 10.0% | Volatility | 10.8% | 11.1% | 11.8% | 14.8% | 18.8% | 17.3% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.65 | 62% |
MSCI EAFE | 0.64 | 59% |
MSCI Emg Mkts | 0.36 | 18% |
Liquidity Measures
Avg. volume (000) | 265 |
Turnover | 0.4% |
Avg. Bid/Ask (% of price) | 0.04% |
ADV of underlying (mns) | $33,316 |
Technical Indicators
Recent close | $260.71 |
30d moving avg. | $278.50 |
Annualized volatility | 14.5% |
Relative strength (RSI) | 41 |
Short interest (ETF) | 0.5% |
Short interest (underlying) | 2.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. VHT |
Expenses vs. VHT |
ALTAR Score™ vs. VHT |
---|---|---|---|---|
FHLC | Fidelity MSCI Health Care Index ETF | 90.8% | -2 bp | +0.3% |
IYH | iShares U.S. Healthcare ETF | 87.1% | +30 bp | +1.0% |
XLV | Health Care Select Sector SPDR Fund | 84.7% | -1 bp | +1.8% |
IXJ | iShares Global Healthcare ETF | 72.1% | +32 bp | +0.8% |
RSPH | Invesco S&P 500 Equal Weight Health Care ETF | 50.5% | +30 bp | +1.8% |
BHCHX | Baron Health Care Strategy | 43.1% | +65 bp | -6.6% |
PINK | Simplify Health Care ETF | 39.2% | +40 bp | -2.4% |
GDOC | Goldman Sachs Future Health Care Equity ETF | 35.4% | +65 bp | -2.1% |
HKND | Humankind US Stock ETF | 35.2% | +1 bp | +1.3% |
FXH | First Trust Health Care AlphaDEX Fund | 33.7% | +52 bp | +0.5% |
Risk and Returns: VHT vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 12/12/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
VHT
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
VHT
5.8%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. VHT's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places VHT in the 57th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
VHTSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
VHT (10 bp) Percentile rank | 13 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
VHT | 10.0 | 3.9 | 13.9 |
Peer Avg. | 44.7 | 17.0 | 61.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .