Summary
Vanguard Health Care Index Fund Admiral Shares is a mutual fund run by Vanguard. It does not trade on an exchange: you buy it from the fund company at a price set once a day. Positions inside: 416. The ten largest make up 52% of the fund.
- Yearly costs
- 0.09%
- Fund size
- $21.8B
- Positions
- 416
- Dividend yield
- 1.37%
- Running since
- 2004
What speaks for it
- Costs of 0.09% a year are below the middle of comparable funds (0.40%).
- A large fund with $21.8B under management.
- Average yearly growth over the last ten years: 10%.
- It has been running since 2004.
What to watch
- The ten largest positions make up 52% of the fund, so its result rests on a few names.
- 100% of the fund is in one sector (Healthcare).
- 97% of the fund is in one country (United States).
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- +4.0%
- 3 months
- +9.0%
- This year
- +16%
- 1 year
- +22%
- 3 years
- +45%
- 5 years
- +30%
- 10 years
- +161%
- Avg. market cap
- $397.7B
- P/E
- 33.6x
- Forward P/E
- 21.6x
- P/S
- 1.8x
- P/B
- 5.7x
- P/FCF
- 23.2x
- EV/EBITDA
- 20.9x
- Dividend yield
- 1.47%
- ROIC
- 12.3%
- ROE
- 30.8%
- Gross margin
- 62.0%
- Operating margin
- 20.5%
- Net margin
- 13.1%
- Payout ratio
- 49.4%
- Net debt/EBITDA
- 2.9x
- Beta
- 0.59
Weighted average of the 50 largest companies, which make up 85% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 LLEli Lilly LLY 13%
- 2 JNJohnson & Johnson JNJ 8.8%
- 3 ABAbbVie ABBV 6.5%
- 4 MRMerck & Co. MRK 5.0%
- 5 UNUnitedHealth UNH 4.7%
- 6 TMThermo Fisher Scientific TMO 3.5%
- 7 AMAmgen AMGN 3.2%
- 8 GIGilead Sciences GILD 2.6%
- 9 ABAbbott Laboratories ABT 2.4%
- 10 PFPfizer PFE 2.3%
Positions in the fund: 416. The ten largest make up 52% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One sector dominatesBy sector
- Healthcare 100%
- Financials 0.03%
- Industrials 0.01%
- Technology 0.01%
By country
- United States 97%
- Ireland 1.9%
- United Kingdom 0.4%
- Netherlands 0.04%
- Other countries 0.5%
By company size
- Mega cap 45%
- Large cap 47%
- Mid cap 6.2%
- Small cap 1.7%
- Micro cap 0.09%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Healthcare (100%). Largest country: United States (97%). Largest size group: Large cap (47%).
What does it cost me?
Cheap- A year from $10,000
- $9.00
- Over 20 years
- $451
From every $10,000 invested the fund takes $9.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $451.
How has it done?
Growing over the long run- A year on average, 10 years
- +10%
- Deepest drop
- -18%
- Yearly volatility
- 16%
Average yearly growth over the last ten years: 10%. Deepest drop in these years: 18% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 1.37%
- Payments a year
- 4
- Last payment
- $0.48
Over the last 12 months it paid $2.31 per share, which is 1.37% of today's price. The last payment was $0.48 on Sep 23, 2026.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 33.6
- Average Bulios Score
- 60 out of 100
Weight by Bulios Fair Price
- Undervalued 17%
- Fairly valued 25%
- Overvalued 58%
On average the companies inside trade for 33.6 times their yearly profit. By Fair Price, 58% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 85% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Can I buy it as an ETF?
A mutual fund is bought from the fund company. These ETFs hold much of the same and trade on an exchange, so an ordinary broker carries them.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
VH VHT Vanguard Health Care ETF | United States | 0.09% | $21.8B | +22% | Pays out | 99% |
FH FHLC Fidelity MSCI Health Care Index ETF | United States | 0.08% | $3.54B | +22% | Pays out | 93% |
IY IYH iShares U.S. Healthcare ETF | United States | 0.37% | $4.48B | +23% | Pays out | 88% |
XL XLV Health Care Select Sector SPDR Fund | United States | 0.08% | $47.2B | +23% | Pays out | 85% |
IU IUHE.AS iShares S&P 500 Health Care Sector UCITS ETF | Ireland | 0.18% | $146.5M | +21% | Pays out | 85% |
QD QDVG.DE iShares S&P 500 Health Care Sector UCITS ETF | Ireland | 0.15% | $3.43B | +29% | Reinvests | 85% |
