Data as of Oct 28, 2026.

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IHE vs VHT: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IHE returned +41.9% to VHT's +25.0%; 32% of their weight is in the same names.

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Net assets: $1.6bn on Oct 27, 2026 for iShares U.S. Pharmaceuticals ETF, and $19.1bn on Sep 30, 2026 for Vanguard Health Care ETF.

At a glance
+41.9%
IHE total return, 1 year
+25.0%
VHT total return, 1 year
0.37%
IHE expense ratio
0.09%
VHT expense ratio

Pair scorecard

VHT costs 0.28 points a year less; their one-year returns differ by 16.9 points; VHT is 11.9 times larger.

IHE vs VHT: Differences, Returns & Fees
MeasureIHEVHT
Return
Total return, 1 year+41.9%+25.0%
Drawdown
Below its high3.9%, high on Aug 19, 2026
Benchmark
What it tracksDow Jones U.S. Select Pharmaceuticals IndexMSCI US Investable Market Index (IMI)/Health Care 25/50
Cost and size
Expense ratio0.37%0.09%
Net assets, as of Sep 30, 2026$1.6bn$19.1bn
Holdings
Holdings in common32%
Top ten holdings, share of the fund80.4%51.8%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

Risk and return

May 12, 2006 to Oct 23, 2026 · 1,067 weekly returns
IHE VHT
Return
Total return edge Tie +752.9% +768.1%
Annualized edge Tie +11.0% +11.1%
Price return edge Tie +531.9% +537.0%
Risk
Volatility edge VHT (slight) 18.4% 16.9%
Max drawdown edge IHE (slight) −36.6% −38.1%
Risk-adjusted
Sharpe edge VHT (slight) 0.57 0.61
Sortino edge VHT (slight) 0.81 0.86
Calmar edge IHE (slight) 0.30 0.29
Reading

IHE and VHT returned about the same: +752.9% and +768.1%. VHT swung slightly less: 16.9% to 18.4%. IHE fell slightly less at its worst: −36.6% to −38.1%.

Full scorecard

9 measures, with how each is measured
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Risk and return: IHE vs VHT: Differences, Returns & Fees
MeasureIHEVHTEdgeHow it is measured
Return
Total return+752.9%+768.1%TiePrice change plus distributions, reinvested.
Annualized+11.0%+11.1%TieTotal return as a yearly rate.
Price return+531.9%+537.0%TiePrice change alone, distributions left out.
Risk
Volatility18.4%16.9%VHT (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation12.8%12.0%VHT (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−36.6%−38.1%IHE (slight)Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.570.61VHT (slight)Return above Treasury bills per unit of volatility.
Sortino0.810.86VHT (slight)Return above Treasury bills per unit of downside deviation.
Calmar0.300.29IHE (slight)Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,067 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

32%

By the books each fund has filed, IHE and VHT hold 32% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

32% in common

Positions both hold · largest shared weight first IHE VHT
ELI LILLY 25.28% 12.95%
JOHNSON & JOHNSON 22.31% 8.79%
MERCK & CO INC 4.26% 5.02%
PFIZER 4.76% 2.27%
BRISTOL MYERS SQUIBB 4.24% 1.78%
ZOETIS INC CLASS A 4.73% 0.41%
VIATRIS 4.67% 0.29%
JAZZ PHARMACEUTICALS PLC 2.91% 0.19%
CORCEPT THERAPEUTICS 1.81% 0.16%
ELANCO ANIMAL HEALTH 2.46% 0.16%
AXSOME THERAPEUTICS 1.37% 0.11%
LIGAND PHARMACEUTICALS 1.35% 0.09%
Only in one fund ↓
Only in IHE
ROYALTY PHARMA PLC CLASS A 4.78%
VERADERMICS 0.96%
LB PHARMACEUTICALS INC 0.22%
AVALYN PHARMA INC 0.10%
BIOAGE LABS 0.05%
E-MINI HEALTH CARE SECTOR DEC 26 0.00%
Only in VHT
AbbVie Inc 6.46%
UnitedHealth Group Inc 4.66%
Thermo Fisher Scientific Inc 3.51%
Amgen Inc 3.18%
Gilead Sciences Inc 2.59%
Abbott Laboratories 2.41%
Intuitive Surgical Inc 2.01%
Danaher Corp 1.97%
Check overlap with more funds →

Side by side

IHE iShares U.S. Pharmaceuticals ETF VHT Vanguard Health Care ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index Tracks an index of Health Care
Total return, 1 year +41.9% +25.0%
Its benchmark over the same days not measured +25.4% (FHLC)
Gap to its benchmark not measured −0.4 pts vs FHLC
Expense ratio 0.37% 0.09%
Already in the S&P 500 65.5% 85.5%
Holdings 54 414
Net assets, IHE as of Oct 27, 2026 and VHT as of Sep 30, 2026 $1.6bn $19.1bn

IHE and VHT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-69D2DECCE7

IHE and VHT are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. IHE follows Dow Jones U.S. Select Pharmaceuticals Index and VHT follows MSCI US Investable Market Index (IMI)/Health Care 25/50.
  2. Holdings in common. 32% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 IHE returned +41.9% and VHT +25.0% with distributions reinvested, a gap of 16.9 points.

Data as of Oct 28, 2026.

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About each fund
IHE

IHE tracks an index. Over the year to Oct 28, 2026 it returned +41.9% with distributions reinvested. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Oct 27, 2026, 66% of the fund by weight is stocks the S&P 500 also holds, across 54 positions, with the top ten at 80.4%. It sat 3.9% below its high of Aug 19, 2026 on Oct 28, 2026.

VHT

VHT tracks an index of Health Care. Over the year to Oct 28, 2026 it returned +25.0% with distributions reinvested, against +25.4% for its benchmark, the MSCI US Investable Market Index (IMI)/Health Care 25/50. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer as of Sep 30, 2026, 86% of the fund by weight is stocks the S&P 500 also holds, across 414 positions, with the top ten at 51.8%.

Questions people ask

Which returned more over the last year, IHE or VHT?
In the year to Oct 28, 2026, with distributions reinvested, IHE returned +41.9% and VHT +25.0%.
Which is cheaper, IHE or VHT?
VHT is cheaper, by 0.28 percentage points a year. That is about $28 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IHE and VHT overlap with the S&P 500?
By their latest filed holdings, 66% of IHE and 86% of VHT by weight is stocks the S&P 500 already holds.
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ETFIQ, IHE against VHT, data as of Oct 28, 2026. https://etfiq.com/compare/any/ihe-vs-vht

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