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# VHT: You Won't Get Defensive Healthcare Exposure Here (Archive)
- URL: https://www.huntingalphas.com/vht-vht-you-wont-get-defensive-healthcare-exposure-here-archive/
- Published: 2023-01-24T10:28:00.000Z
- Updated: 2026-02-26T16:59:54.000Z
- Description: VHT’s pharma and biotech tilt undermines its typical defensive healthcare profile.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, ETF, VHT

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- Healthcare is considered a defensive sector and due to the brand name and cheap exposure, Vanguard's ETF prima-facie looks like a promising idea.
- However, outsized exposure to pharmaceuticals and biotechnology makes VHT a high beta healthcare ETF, undermining its defensive qualities.
- VHT's does not benefit by having its largest sub-sector mix in pharmaceuticals, as these companies have to face the prospects of price cuts head-on.
- Key tailwinds include an aging population in the US and the growth of smart healthcare, but I believe it is insufficient to turn VHT into a buy.

Read the full article [here](https://seekingalpha.com/article/4571867-vht-you-wont-get-defensive-healthcare-exposure-here?ref=huntingalphas.com).

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