- ISIN
- US4642888105
- CUSIP
- 464288810
- Issuer
- iShares
- Inception Date
- May 1, 2006
- Region
- North America (U.S.)
- Category
- Health & Biotech Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Dow Jones U.S. Select Medical Equipment Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $3B
Share Price Chart
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Performance
IHI Performance Chart
iShares U.S. Medical Devices ETF (IHI) is down 22.0% since the beginning of the year. IHI is currently trading at $48 per share. Investors who bought $1,000 worth of IHI shares 5 years ago would now be looking at an investment worth $827.
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Returns By Period
iShares U.S. Medical Devices ETF (IHI) has returned -22.04% so far this year and -19.49% over the past 12 months. Over the last ten years, IHI has returned 8.71% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares U.S. Medical Devices ETF
- 1D
- -1.49%
- 1M
- -4.26%
- YTD
- -22.04%
- 6M
- -23.22%
- 1Y
- -19.49%
- 3Y*
- -4.08%
- 5Y*
- -3.72%
- 10Y*
- 8.71%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
IHI Monthly Returns History
Based on dividend-adjusted daily data since May 5, 2006, IHI's average daily return is +0.05%, while the average monthly return is +0.90%. At this rate, an investment would double in approximately 6.4 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +14.2%, while the worst month was Oct 2008 at -21.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, IHI closed higher 53% of trading days. The best single day was May 7, 2010 with a return of +18.9%, while the worst single day was May 6, 2010 at -20.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.33% | 0.20% | -11.31% | -4.29% | -4.11% | -1.12% | -22.04% | ||||||
| 2025 | 9.36% | -0.06% | -5.56% | -0.66% | 3.51% | 1.30% | -4.71% | 4.12% | -3.23% | 0.18% | 6.93% | -3.34% | 6.88% |
| 2024 | 3.45% | 1.83% | 3.12% | -6.11% | 0.95% | 1.01% | -2.03% | 7.18% | 0.78% | -1.84% | 5.13% | -4.34% | 8.62% |
| 2023 | 2.72% | -3.72% | 3.87% | 5.17% | -6.80% | 6.82% | -0.62% | -6.43% | -7.40% | -6.68% | 10.76% | 7.86% | 3.24% |
| 2022 | -10.40% | 0.34% | 2.98% | -9.74% | -1.07% | -7.25% | 6.54% | -5.97% | -6.42% | 6.42% | 5.66% | -0.77% | -19.80% |
| 2021 | 1.87% | -1.21% | 0.30% | 7.28% | -2.34% | 4.41% | 5.79% | 3.02% | -4.23% | 4.21% | -5.56% | 6.72% | 21.03% |
Benchmark Metrics
iShares U.S. Medical Devices ETF has an annualized alpha of 2.54%, beta of 0.84, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since May 05, 2006.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (95.51%) than losses (92.80%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 2.54% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 2.54%
- Beta
- 0.84
- R²
- 0.62
- Upside Capture
- 95.51%
- Downside Capture
- 92.80%
Expense Ratio
IHI has an expense ratio of 0.38%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IHI ranks 1 for risk / return — in the bottom 1% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares U.S. Medical Devices ETF (IHI) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IHI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.15 | ||
| Sortino ratioReturn per unit of downside risk | -4.29 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.37 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 2.78 | -3.53 |
| Martin ratioReturn relative to average drawdown | -1.72 | 12.44 | -14.16 |
Dividends
Dividend History
iShares U.S. Medical Devices ETF provided a 0.50% dividend yield over the last twelve months, with an annual payout of $0.24 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.24 | $0.21 | $0.27 | $0.29 | $0.24 | $0.16 | $0.14 | $0.15 | $0.09 | $0.11 | $0.12 | $0.26 |
Dividend yield | 0.50% | 0.34% | 0.46% | 0.53% | 0.45% | 0.25% | 0.25% | 0.33% | 0.26% | 0.37% | 0.55% | 1.28% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares U.S. Medical Devices ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.08 | $0.12 | ||||||
| 2025 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.21 |
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 | $0.27 |
| 2023 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.10 | $0.29 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.07 | $0.24 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.08 | $0.16 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares U.S. Medical Devices ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares U.S. Medical Devices ETF was 49.65%, occurring on Mar 9, 2009. Recovery took 488 trading sessions.
The current iShares U.S. Medical Devices ETF drawdown is 26.39%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -49.65%Mar 2009 | 6mo 23d | 1y 11mo | 2y 5moAug 2008 - Feb 2011 |
COVID crash2020 | -33.25%Mar 2020 | 2mo | 3mo 24d | 5mo 24dJan 2020 - Jul 2020 |
2023 bear market2023 | -33.12%Oct 2023 | 2y 1mo | — | 4y 9moSep 2021 - now |
2011 bear market2011 | -21.99%Nov 2011 | 6mo 9d | 9mo 28d | 1y 4moMay 2011 - Sep 2012 |
Rate-hike selloffLate 2018 | -19.23%Dec 2018 | 2mo 23d | 2mo 7d | 5moOct 2018 - Mar 2019 |
Drawdown Indicators
| IHI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.65% | -56.78% | +7.13% |
Max Drawdown (1Y)Largest decline over 1 year | -26.11% | -9.10% | -17.01% |
Max Drawdown (3Y)Largest decline over 3 years | -26.64% | -18.90% | -7.74% |
Max Drawdown (5Y)Largest decline over 5 years | -33.12% | -25.43% | -7.69% |
Max Drawdown (10Y)Largest decline over 10 years | -33.25% | -33.92% | +0.67% |
Current DrawdownCurrent decline from peak | -26.39% | -1.80% | -24.59% |
Average DrawdownAverage peak-to-trough decline | -8.35% | -10.71% | +2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.34% | 2.03% | +9.31% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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