BINC vs. IYH
BINC (iShares Flexible Income Active ETF) and IYH (iShares U.S. Healthcare ETF) are both exchange-traded funds - BINC is a Multisector Bonds fund actively managed by iShares, while IYH is a Health & Biotech Equities fund tracking the Dow Jones U.S. Health Care Index. BINC is actively managed, while IYH is passively managed. Over the past 3 years, BINC returned 7.04%/yr vs 6.09%/yr for IYH. At a 0.36 correlation, their price movements are largely independent. BINC charges 0.40%/yr vs 0.43%/yr for IYH.
Performance
BINC vs. IYH - Performance Comparison
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Returns By Period
In the year-to-date period, BINC achieves a 1.29% return, which is significantly higher than IYH's -1.10% return.
BINC
- 1D
- 0.15%
- 1M
- 0.92%
- YTD
- 1.29%
- 6M
- 1.78%
- 1Y
- 5.90%
- 3Y*
- 7.04%
- 5Y*
- —
- 10Y*
- —
IYH
- 1D
- -0.46%
- 1M
- 5.37%
- YTD
- -1.10%
- 6M
- -1.60%
- 1Y
- 14.30%
- 3Y*
- 6.09%
- 5Y*
- 4.89%
- 10Y*
- 9.63%
BINC vs. IYH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 1.29% | 7.57% | 5.76% | 7.12% |
IYH iShares U.S. Healthcare ETF | -1.10% | 13.16% | 2.99% | 4.30% |
Correlation
The correlation between BINC and IYH is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 23, 2023 | 0.36 |
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Return for Risk
BINC vs. IYH — Risk / Return Rank
BINC
IYH
BINC vs. IYH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Flexible Income Active ETF (BINC) and iShares U.S. Healthcare ETF (IYH). 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.
| BINC | IYH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.63 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.17 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 1.35 | +0.85 |
| Martin ratioReturn relative to average drawdown | 8.60 | 3.21 | +5.39 |
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Drawdowns
BINC vs. IYH - Drawdown Comparison
The maximum BINC drawdown since its inception was -2.69%, smaller than the maximum IYH drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for BINC and IYH.
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Drawdown Indicators
| BINC | IYH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.69% | -43.12% | +40.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.69% | -10.64% | +7.95% |
Max Drawdown (3Y)Largest decline over 3 years | -2.69% | -17.91% | +15.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.40% | — |
Current DrawdownCurrent decline from peak | -0.10% | -4.38% | +4.28% |
Average DrawdownAverage peak-to-trough decline | -0.36% | -8.96% | +8.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 4.46% | -3.77% |
Volatility
BINC vs. IYH - Volatility Comparison
The current volatility for iShares Flexible Income Active ETF (BINC) is 0.75%, while iShares U.S. Healthcare ETF (IYH) has a volatility of 4.97%. This indicates that BINC experiences smaller price fluctuations and is considered to be less risky than IYH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BINC | IYH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 4.97% | -4.22% |
Volatility (6M)Calculated over the trailing 6-month period | 1.87% | 10.61% | -8.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.30% | 15.11% | -12.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.99% | 14.97% | -11.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.99% | 16.75% | -13.76% |
BINC vs. IYH - Expense Ratio Comparison
BINC has a 0.40% expense ratio, which is lower than IYH's 0.43% expense ratio.
Dividends
BINC vs. IYH - Dividend Comparison
BINC's dividend yield for the trailing twelve months is around 5.84%, more than IYH's 1.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 5.84% | 5.86% | 6.14% | 3.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYH iShares U.S. Healthcare ETF | 1.51% | 1.19% | 1.25% | 1.18% | 1.10% | 0.94% | 1.16% | 1.14% | 1.95% | 1.10% | 1.29% | 2.02% |
Frequently Asked Questions
BINC and IYH have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYH has higher volatility (4.97%) compared to BINC (0.75%). In terms of maximum drawdown, BINC dropped -2.69% vs IYH's -43.12%.
On 3-year performance, BINC leads with 7.04% vs 6.09% for IYH. On fees, BINC is cheaper at 0.40% per year. On volatility, BINC has been the lower-risk option at 0.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BINC has performed better with a 7.04% return vs 6.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BINC is cheaper with a 0.40% expense ratio, compared with 0.43% for IYH.
BINC has the higher dividend yield at 5.84%, compared with 1.51% for IYH.
BINC is categorized as Multisector Bonds, while IYH is Health & Biotech Equities. Their fees differ too: 0.40% for BINC and 0.43% for IYH.
BINC currently has the higher Sharpe Ratio (2.58 vs 0.95), 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.
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