VHT vs SPY
Comparison between VANGUARD HEALTH CARE INDEX FUND ETF SHARES (VHT, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed VHT, delivering a return of +13.2% compared to +4.7%
VHT vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
VHT
$19B
Winner
SPY
$784B
Expense Ratio
VHT
0.09%
SPY
0.09%
Max Drawdown
Winner
VHT
40.91%
SPY
56.47%
Sharpe Ratio
VHT
1.03
Winner
SPY
1.54
5Y Beta
Winner
VHT
0.51
SPY
1.00
P/E Ratio
VHT
35.28
Winner
SPY
27.62
Forward P/E
Winner
VHT
17.68
SPY
21.11
5Y Dividends CAGR
Winner
VHT
19.97%
SPY
6.00%
5Y EPS CAGR
VHT
12.51%
Winner
SPY
25.30%
Debt to Equity
VHT
40.50%
Winner
SPY
31.11%
P/S Ratio
Winner
VHT
1.57
SPY
3.49
P/B Ratio
Winner
VHT
4.55
SPY
5.30
VHT vs SPY - Holdings Comparison
VHT and SPY have 60 common holdings. Overlap is 8.53%
VHT's top 25 holdings weight is 73.27%. SPY's top 25 holdings weight is 51.24%.
| Rank | VHT | SPY |
|---|---|---|
| #1 | ELI LILLY AND CO (LLY) - 12.13% | NVIDIA CORP (NVDA) - 7.81% |
| #2 | JOHNSON & JOHNSON (JNJ) - 8.82% | APPLE INC (AAPL) - 6.81% |
| #3 | ABBVIE INC (ABBV) - 6.03% | MICROSOFT CORP (MSFT) - 4.53% |
| #4 | UNITEDHEALTH GROUP INC (UNH) - 5.42% | AMAZON.COM INC (AMZN) - 3.72% |
| #5 | MERCK & CO INC (MRK) - 4.38% | ALPHABET INC CLASS A (GOOGL) - 3.39% |
| #6 | AMGEN INC (AMGN) - 3.01% | BROADCOM INC (AVGO) - 2.77% |
| #7 | THERMO FISHER SCIENTIFIC INC (TMO) - 2.91% | ALPHABET INC CLASS C (GOOG) - 2.72% |
| #8 | GILEAD SCIENCES INC (GILD) - 2.62% | META PLATFORMS INC CLASS A (META) - 2.03% |
| #9 | INTUITIVE SURGICAL INC (ISRG) - 2.62% | MICRON TECHNOLOGY INC (MU) - 1.78% |
| #10 | ABBOTT LABORATORIES (ABT) - 2.55% | TESLA INC (TSLA) - 1.76% |
| #11 | PFIZER INC (PFE) - 2.45% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.41% |
| #12 | BRISTOL-MYERS SQUIBB CO (BMY) - 1.99% | JPMORGAN CHASE & CO (JPM) - 1.38% |
| #13 | DANAHER CORP (DHR) - 1.84% | ELI LILLY AND CO (LLY) - 1.38% |
| #14 | STRYKER CORP (SYK) - 1.75% | ADVANCED MICRO DEVICES INC (AMD) - 1.28% |
| #15 | VERTEX PHARMACEUTICALS INC (VRTX) - 1.75% | EXXON MOBIL CORP (XOM) - 0.92% |
| #16 | CVS HEALTH CORP (CVS) - 1.71% | JOHNSON & JOHNSON (JNJ) - 0.88% |
| #17 | MEDTRONIC PLC (MDT) - 1.68% | VISA INC CLASS A (V) - 0.87% |
| #18 | MCKESSON CORP (MCK) - 1.62% | INTEL CORP (INTC) - 0.85% |
| #19 | BOSTON SCIENTIFIC CORP (BSX) - 1.38% | WALMART INC (WMT) - 0.82% |
| #20 | ELEVANCE HEALTH INC (ELV) - 1.32% | CISCO SYSTEMS INC (CSCO) - 0.73% |
| #21 | THE CIGNA GROUP (CI) - 1.25% | LAM RESEARCH CORP (LRCX) - 0.71% |
| #22 | REGENERON PHARMACEUTICALS INC (REGN) - 1.18% | APPLIED MATERIALS INC (AMAT) - 0.70% |
| #23 | HCA HEALTHCARE INC (HCA) - 1.12% | CATERPILLAR INC (CAT) - 0.68% |
| #24 | CENCORA INC (COR) - 0.92% | COSTCO WHOLESALE CORP (COST) - 0.68% |
| #25 | ZOETIS INC CLASS A (ZTS) - 0.82% | MASTERCARD INC CLASS A (MA) - 0.63% |
| Total Holdings | 411 | 505 |
VHT vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
VHT
+2.66%
SPY
-1.37%
3M
VHT
+6.79%
Winner
SPY
+12.22%
6M
VHT
-0.44%
Winner
SPY
+7.20%
1Y
VHT
+19.33%
Winner
SPY
+23.58%
5Y(CAGR)
VHT
+4.72%
Winner
SPY
+13.19%
10Y(CAGR)
VHT
+9.81%
Winner
SPY
+15.12%
Max(CAGR)
Winner
VHT
+9.63%
SPY
+8.44%
VHT vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | VHT | SPY |
|---|---|---|
| 2026 | -0.35% | +7.95% |
| 2025 | +15.30% | +18.00% |
| 2024 | +1.10% | +25.59% |
| 2023 | +2.93% | +26.72% |
| 2022 | -5.01% | -18.64% |
| 2021 | +21.18% | +30.52% |
| 2020 | +18.07% | +17.28% |
| 2019 | +23.51% | +31.09% |
| 2018 | +4.28% | -5.24% |
| 2017 | +21.75% | +20.78% |
| 2016 | -1.27% | +13.59% |
| 2015 | +6.87% | +1.31% |
| 2014 | +26.12% | +14.56% |
| 2013 | +39.74% | +29.00% |
| 2012 | +17.63% | +14.17% |
| 2011 | +9.53% | +0.85% |
| 2010 | +4.15% | +13.14% |
| 2009 | +19.81% | +22.67% |
| 2008 | -22.72% | -36.25% |
| 2007 | +7.86% | +5.32% |
| 2006 | +5.56% | +13.85% |
| 2005 | +9.70% | +5.32% |
| 2004 | +0.73% | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
VHT vs SPY Drawdown Comparison
The maximum drawdown for VHT was -39.10%, occurring on Mar 5, 2009. Recovery took 813 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current VHT drawdown is -3.20%. The current SPY drawdown is -3.18%.
| Rank | VHT | SPY |
|---|---|---|
| #1 | -39.10% Dec 10, 2007 - Mar 3, 2011 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -28.86% Feb 19, 2020 - Jun 8, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -20.26% Jul 20, 2015 - Jun 1, 2017 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -18.31% May 18, 2011 - Feb 1, 2012 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -17.71% Dec 30, 2021 - Feb 6, 2024 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -16.97% Oct 1, 2018 - Nov 8, 2019 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -16.90% Aug 30, 2024 - Nov 12, 2025 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -13.77% Apr 22, 2004 - Apr 29, 2005 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -12.07% Jan 26, 2018 - Aug 2, 2018 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -10.40% Jan 7, 2026 - Mar 27, 2026 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -9.69% Mar 22, 2006 - Sep 12, 2006 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.44% Mar 4, 2014 - Jun 20, 2014 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -8.00% Sep 2, 2021 - Dec 23, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -7.85% Feb 12, 2021 - Apr 15, 2021 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -7.70% Feb 11, 2004 - Apr 22, 2004 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between VHT and SPY is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (1999 - 2026)
VHT vs SPY dividend yield comparison.
| Year | VHT | SPY |
|---|---|---|
| 2026 | 0.35% | 0.50% |
| 2025 | 1.61% | 1.07% |
| 2024 | 1.53% | 1.21% |
| 2023 | 1.36% | 1.40% |
| 2022 | 1.33% | 1.65% |
| 2021 | 1.14% | 1.20% |
| 2020 | 1.21% | 1.52% |
| 2019 | 1.89% | 1.75% |
| 2018 | 1.38% | 2.04% |
| 2017 | 1.31% | 1.80% |
| 2016 | 1.45% | 2.03% |
| 2015 | 1.22% | 2.06% |
| 2014 | 1.02% | 1.87% |
| 2013 | 1.12% | 1.81% |
| 2012 | 1.67% | 2.18% |
| 2011 | 1.71% | 2.05% |
| 2010 | 1.74% | 1.80% |
| 2009 | 2.74% | 1.95% |
| 2008 | 1.65% | 3.02% |
| 2007 | 1.35% | 1.85% |
| 2006 | 1.08% | 1.73% |
| 2005 | 0.72% | 1.73% |
| 2004 | 0.26% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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