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
17.2 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) | $17,226 |
| 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 | 10.0 % |
| UNITEDHEALTH GROUP INC | 9.1 % |
| JOHNSON & JOHNSON | 4.7 % |
| ABBVIE INC | 4.4 % |
| MERCK & CO. INC. | 3.9 % |
| ABBOTT LABORATORIES | 3.4 % |
| THERMO FISHER SCIENTIFIC INC | 3.3 % |
| INTUITIVE SURGICAL INC | 3.1 % |
| DANAHER CORP | 2.6 % |
| AMGEN INC | 2.5 % |
Constituent Breakdown
| Number of holdings | 417 |
| Herfindahl-Hirschman Index | 335 |
| Wgt avg mkt cap (mns) | $241,763 |
| Large cap (>$10bn) | 90.3% |
| Mid cap ($2-10bn) | 6.9% |
| Small cap (<$2bn) | 2.6% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.3 % |
 |
IRELAND | 2.5 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 8.3% | 20.7% | 6.9% | 2.9% | 10.5% | 9.7% | 10.0% | Volatility | 10.8% | 11.1% | 11.8% | 14.8% | 18.8% | 17.3% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.67 | 62% |
| MSCI EAFE | 0.64 | 60% |
| MSCI Emg Mkts | 0.37 | 20% |
Liquidity Measures
| Avg. volume (000) | 225 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $52,231 |
Technical Indicators
| Recent close | $265.37 |
| 30d moving avg. | $278.50 |
| Annualized volatility | 14.7% |
| Relative strength (RSI) | 41 |
| Short interest (ETF) | 0.7% |
| 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 | 90.6% | -2 bp | +0.3% |
| IYH | iShares U.S. Healthcare ETF | 87.3% | +30 bp | +0.9% |
| XLV | Health Care Select Sector SPDR Fund | 84.9% | -1 bp | +1.7% |
| IXJ | iShares Global Healthcare ETF | 72.0% | +32 bp | +0.9% |
| RSPH | Invesco S&P 500 Equal Weight Health Care ETF | 50.7% | +30 bp | +2.3% |
| BHCHX | Baron Health Care Strategy | 43.4% | +65 bp | -6.4% |
| PINK | Simplify Health Care ETF | 39.1% | +40 bp | -2.3% |
| HKND | Humankind US Stock ETF | 35.3% | +1 bp | +1.4% |
| GDOC | Goldman Sachs Future Health Care Equity ETF | 35.0% | +65 bp | -2.0% |
| FXH | First Trust Health Care AlphaDEX Fund | 34.0% | +52 bp | +0.6% |
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 11/21/2024
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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
5.7%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 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
0.1 standard deviations
above
the category average. This places VHT in the 55th 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. | 46.6 | 16.9 | 63.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .