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 +5.2%
VHT vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
VHT
$20B
Winner
SPY
$781B
Expense Ratio
VHT
0.09%
SPY
0.09%
Max Drawdown
Winner
VHT
40.91%
SPY
56.47%
Sharpe Ratio
Winner
VHT
1.47
SPY
1.43
5Y Beta
Winner
VHT
0.48
SPY
1.00
P/E Ratio
VHT
41.64
Winner
SPY
26.48
Forward P/E
Winner
VHT
19.58
SPY
20.89
PEG Ratio
VHT
N/A
SPY
0.30
5Y Dividends CAGR
Winner
VHT
14.84%
SPY
6.00%
5Y EPS CAGR
VHT
12.29%
Winner
SPY
26.40%
Debt to Equity
VHT
128.23%
Winner
SPY
48.17%
P/S Ratio
Winner
VHT
1.72
SPY
3.72
P/B Ratio
Winner
VHT
4.97
SPY
5.55
VHT vs SPY - Holdings Comparison
VHT and SPY have 60 common holdings. Overlap is 8.94%
VHT's top 25 holdings weight is 72.52%. SPY's top 25 holdings weight is 51.49%.
| Rank | VHT | SPY |
|---|---|---|
| #1 | ELI LILLY AND CO (LLY) - 14.16% | NVIDIA CORP (NVDA) - 7.76% |
| #2 | JOHNSON & JOHNSON (JNJ) - 8.87% | APPLE INC (AAPL) - 7.44% |
| #3 | ABBVIE INC (ABBV) - 6.54% | MICROSOFT CORP (MSFT) - 4.56% |
| #4 | UNITEDHEALTH GROUP INC (UNH) - 5.55% | AMAZON.COM INC (AMZN) - 3.74% |
| #5 | MERCK & CO INC (MRK) - 4.67% | ALPHABET INC CLASS A (GOOGL) - 3.14% |
| #6 | AMGEN INC (AMGN) - 2.87% | BROADCOM INC (AVGO) - 2.83% |
| #7 | THERMO FISHER SCIENTIFIC INC (TMO) - 2.74% | ALPHABET INC CLASS C (GOOG) - 2.53% |
| #8 | ABBOTT LABORATORIES (ABT) - 2.32% | META PLATFORMS INC CLASS A (META) - 2.18% |
| #9 | GILEAD SCIENCES INC (GILD) - 2.31% | MICRON TECHNOLOGY INC (MU) - 1.69% |
| #10 | INTUITIVE SURGICAL INC (ISRG) - 2.08% | TESLA INC (TSLA) - 1.65% |
| #11 | PFIZER INC (PFE) - 2.01% | ELI LILLY AND CO (LLY) - 1.44% |
| #12 | CVS HEALTH CORP (CVS) - 1.93% | JPMORGAN CHASE & CO (JPM) - 1.43% |
| #13 | VERTEX PHARMACEUTICALS INC (VRTX) - 1.86% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.39% |
| #14 | DANAHER CORP (DHR) - 1.78% | ADVANCED MICRO DEVICES INC (AMD) - 1.37% |
| #15 | BRISTOL-MYERS SQUIBB CO (BMY) - 1.73% | EXXONMOBIL HOLDINGS CORP (XOM) - 0.97% |
| #16 | STRYKER CORP (SYK) - 1.60% | JOHNSON & JOHNSON (JNJ) - 0.93% |
| #17 | MEDTRONIC PLC (MDT) - 1.48% | VISA INC CLASS A (V) - 0.91% |
| #18 | MCKESSON CORP (MCK) - 1.36% | INTEL CORP (INTC) - 0.77% |
| #19 | ELEVANCE HEALTH INC (ELV) - 1.22% | WALMART INC (WMT) - 0.75% |
| #20 | THE CIGNA GROUP (CI) - 1.07% | ABBVIE INC (ABBV) - 0.70% |
| #21 | REGENERON PHARMACEUTICALS INC (REGN) - 0.95% | APPLIED MATERIALS INC (AMAT) - 0.69% |
| #22 | BOSTON SCIENTIFIC CORP (BSX) - 0.93% | CISCO SYSTEMS INC (CSCO) - 0.68% |
| #23 | HCA HEALTHCARE INC (HCA) - 0.90% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #24 | CARDINAL HEALTH INC (CAH) - 0.82% | COSTCO WHOLESALE CORP (COST) - 0.64% |
| #25 | EDWARDS LIFESCIENCES CORP (EW) - 0.77% | CATERPILLAR INC (CAT) - 0.63% |
| Total Holdings | 429 | 505 |
VHT vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
VHT
+1.05%
Winner
SPY
+2.30%
3M
Winner
VHT
+13.54%
SPY
+5.00%
6M
VHT
+6.88%
Winner
SPY
+11.88%
1Y
Winner
VHT
+30.12%
SPY
+22.80%
5Y(CAGR)
VHT
+5.22%
Winner
SPY
+13.20%
10Y(CAGR)
VHT
+10.03%
Winner
SPY
+15.26%
Max(CAGR)
Winner
VHT
+9.95%
SPY
+8.59%
VHT vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | VHT | SPY |
|---|---|---|
| 2026 | +7.78% | +13.10% |
| 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 -1.34%. The current SPY drawdown is -0.36%.
| 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 - Jun 26, 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 | 0.64% | 0.48% |
| 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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