PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
AIZ vs. IHI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AIZ vs. IHI

Last updated Jul 11, 2026
Documentation

AIZ (Assurant, Inc.) is a stock, while IHI (iShares U.S. Medical Devices ETF) is Health & Biotech Equities fund tracking the Dow Jones U.S. Select Medical Equipment Index. Over the past 10 years, AIZ returned 14.50%/yr vs 8.58%/yr for IHI. At a 0.43 correlation, their price movements are largely independent.

Performance

AIZ vs. IHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Assurant, Inc. (AIZ) and iShares U.S. Medical Devices ETF (IHI). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, AIZ achieves a 16.81% return, which is significantly higher than IHI's -17.20% return. Over the past 10 years, AIZ has outperformed IHI with an annualized return of 14.50%, while IHI has yielded a comparatively lower 8.58% annualized return.

AIZ

1D
-0.11%
1M
6.99%
6M
18.20%
YTD
16.81%
1Y
51.13%
3Y*
32.28%
5Y*
14.12%
10Y*
14.50%

IHI

1D
0.12%
1M
3.52%
6M
-19.52%
YTD
-17.20%
1Y
-15.43%
3Y*
-2.32%
5Y*
-3.15%
10Y*
8.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AIZ vs. IHI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AIZ
Assurant, Inc.		16.81%14.69%28.55%37.52%-18.34%16.46%6.09%49.78%-9.18%10.98%
IHI
iShares U.S. Medical Devices ETF		-17.20%6.88%8.62%3.24%-19.80%21.03%24.17%32.75%15.45%30.81%

Correlation

The correlation between AIZ and IHI is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.24

Correlation (3Y)
Calculated over the trailing 3-year period

0.23

Correlation (5Y)
Calculated over the trailing 5-year period

0.33

Correlation (10Y)
Calculated over the trailing 10-year period

0.34

Correlation (All Time)
Calculated using the full available price history since May 5, 2006

0.43

The correlation between AIZ and IHI shifts across timeframes, from 0.23 (3 years) to 0.43 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Assurant, Inc.

iShares U.S. Medical Devices ETF

Often compared with AIZ:
AIZ vs. UNMAIZ vs. VOOAIZ vs. ^DJIAIZ vs. ACNAIZ vs. RSGAIZ vs. ^GSPCAIZ vs. SPY
Often compared with IHI:
IHI vs. XLVIHI vs. VHTIHI vs. XHEIHI vs. SPYIHI vs. IHFIHI vs. FHLCIHI vs. IXJ

Return for Risk

AIZ vs. IHI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AIZ
AIZ Risk / Return Rank: 9191
Overall Rank
AIZ Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
AIZ Sortino Ratio Rank: 8989
Sortino Ratio Rank
AIZ Omega Ratio Rank: 9191
Omega Ratio Rank
AIZ Calmar Ratio Rank: 9191
Calmar Ratio Rank
AIZ Martin Ratio Rank: 9191
Martin Ratio Rank
IHI
IHI Risk / Return Rank: 33
Overall Rank
IHI Sharpe Ratio Rank: 22
Sharpe Ratio Rank
IHI Sortino Ratio Rank: 33
Sortino Ratio Rank
IHI Omega Ratio Rank: 33
Omega Ratio Rank
IHI Calmar Ratio Rank: 44
Calmar Ratio Rank
IHI Martin Ratio Rank: 22
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIZ vs. IHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Assurant, Inc. (AIZ) and iShares U.S. Medical Devices ETF (IHI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

AIZIHIDifference
Sharpe ratioReturn per unit of total volatility
2.03
-0.93

+2.96

Sortino ratioReturn per unit of downside risk
2.73
-1.25

+3.99

Omega ratioGain probability vs. loss probability

1.40

0.86

+0.54

Calmar ratioReturn relative to maximum drawdown

3.94

-0.65

+4.58

Martin ratioReturn relative to average drawdown

10.89

-1.38

+12.26

AIZ vs. IHI - Sharpe Ratio Comparison

The current AIZ Sharpe Ratio is 2.03, which is higher than the IHI Sharpe Ratio of -0.93. The chart below compares the historical Sharpe Ratios of AIZ and IHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

AIZ vs. IHI - Drawdown Comparison

The maximum AIZ drawdown since its inception was -81.62%, which is greater than IHI's maximum drawdown of -49.65%. Use the drawdown chart below to compare losses from any high point for AIZ and IHI.

Loading charts...

Drawdown Indicators

AIZIHIDifference

Max Drawdown

Largest peak-to-trough decline

-81.62%

-49.65%

-31.97%

Max Drawdown (1Y)

Largest decline over 1 year

-12.57%

-26.11%

+13.54%

Max Drawdown (3Y)

Largest decline over 3 years

-20.83%

-26.64%

+5.81%

Max Drawdown (5Y)

Largest decline over 5 years

-44.63%

-33.12%

-11.51%

Max Drawdown (10Y)

Largest decline over 10 years

-44.63%

-33.25%

-11.38%

Current Drawdown

Current decline from peak

-0.44%

-21.82%

+21.38%

Average Drawdown

Average peak-to-trough decline

-16.05%

-8.39%

-7.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.54%

12.29%

-7.75%

Volatility

AIZ vs. IHI - Volatility Comparison

The current volatility for Assurant, Inc. (AIZ) is 4.67%, while iShares U.S. Medical Devices ETF (IHI) has a volatility of 7.49%. This indicates that AIZ experiences smaller price fluctuations and is considered to be less risky than IHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

AIZIHIDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.67%

7.49%

-2.82%

Volatility (6M)

Calculated over the trailing 6-month period

17.13%

14.56%

+2.57%

Volatility (1Y)

Calculated over the trailing 1-year period

24.36%

18.30%

+6.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.04%

19.22%

+5.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.84%

19.85%

+6.99%

Dividends

AIZ vs. IHI - Dividend Comparison

AIZ's dividend yield for the trailing twelve months is around 1.35%, more than IHI's 0.47% yield.

PositionTTM20252024202320222021202020192018201720162015
AIZ
Assurant, Inc.		1.35%1.36%1.39%1.67%2.19%1.71%1.87%1.85%2.55%2.13%2.19%1.70%
IHI
iShares U.S. Medical Devices ETF		0.47%0.34%0.46%0.53%0.45%0.25%0.25%0.33%0.26%0.37%0.55%1.28%

Frequently Asked Questions

AIZ and IHI have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IHI has higher volatility (7.49%) compared to AIZ (4.67%). In terms of maximum drawdown, AIZ dropped -81.62% vs IHI's -49.65%.

AIZ currently has the higher Sharpe Ratio (2.03 vs -0.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for AIZ and IHI

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer