BMED vs. IHI

Last updated Aug 2, 2026

BMED (Future Health ETF) and IHI (iShares U.S. Medical Devices ETF) are both Health & Biotech Equities funds. BMED is actively managed, while IHI is passively managed. Over the past 5 years, BMED returned 0.67%/yr vs -3.35%/yr for IHI. Their 0.76 correlation means they have sometimes moved together and sometimes differently. BMED charges 0.85%/yr vs 0.38%/yr for IHI.

Performance

BMED vs. IHI - Performance Comparison

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

Returns By Period

In the year-to-date period, BMED achieves a 2.50% return, which is significantly higher than IHI's -15.32% return.

BMED

• 1D: -0.84%
• 1M: -1.74%
• 6M: 0.00%
• YTD: 2.50%
• 1Y: 25.46%
• 3Y*: 8.12%
• 5Y*: 0.67%
• 10Y*: —
• ALL TIME*: 3.41%

IHI

• 1D: -0.44%
• 1M: 1.21%
• 6M: -12.40%
• YTD: -15.32%
• 1Y: -11.60%
• 3Y*: -1.46%
• 5Y*: -3.35%
• 10Y*: 8.58%
• ALL TIME*: 10.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BMED Future Health ETF	$35.62K	$65.92K	$64.60K
IHI iShares U.S. Medical Devices ETF	$145.90M	$167.07M	$148.77M

BMED vs. IHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BMED Future Health ETF	2.50%	21.79%	1.55%	5.70%	-19.69%	-3.96%	17.62%
IHI iShares U.S. Medical Devices ETF	-15.32%	6.88%	8.62%	3.24%	-19.80%	21.03%	9.38%

Correlation

The correlation between BMED and IHI is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.62
Correlation (3Y) Balances recent behavior with more history.	0.68
Correlation (5Y) Shows whether the relationship held over a longer period.	0.77
Correlation (All Time) Calculated using the full available price history since Oct 1, 2020	0.76

The correlation between BMED and IHI shifts across timeframes, from 0.61 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.

BMED vs. IHI - Sectors Allocation Comparison

Sectors	BMED	IHI
Healthcare	100.0%	100.0%
Consumer Defensive	1.5%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Energy	-	-
Financial Services	-	-
Industrials	-	0.2%
Real Estate	-	-
Technology	-	0.3%
Utilities	-	-

Return for Risk

BMED vs. IHI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BMED

BMED Risk / Return Rank: 60
BMED Sharpe Ratio Rank: 72
BMED Sortino Ratio Rank: 75
BMED Omega Ratio Rank: 66
BMED Calmar Ratio Rank: 49
BMED Martin Ratio Rank: 39

IHI

IHI Risk / Return Rank: 5
IHI Sharpe Ratio Rank: 4
IHI Sortino Ratio Rank: 4
IHI Omega Ratio Rank: 4
IHI Calmar Ratio Rank: 6
IHI Martin Ratio Rank: 5

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BMED vs. IHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Future Health ETF (BMED) 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.

	BMED	IHI	Difference
Sharpe ratio: Return per unit of total volatility	1.64	-0.59	+2.23
Sortino ratio: Return per unit of downside risk	2.43	-0.74	+3.17
Omega ratio: Gain probability vs. loss probability	1.28	0.92	+0.36
Calmar ratio: Return relative to maximum drawdown	1.74	-0.45	+2.19
Martin ratio: Return relative to average drawdown	4.01	-0.88	+4.89

BMED vs. IHI - Sharpe Ratio Comparison

The current BMED Sharpe Ratio is 1.64, which is higher than the IHI Sharpe Ratio of -0.59. The chart below compares the historical Sharpe Ratios of BMED 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.

Drawdowns

BMED vs. IHI - Drawdown Comparison

The maximum BMED drawdown since its inception was -36.44%, smaller than the maximum IHI drawdown of -49.65%. Use the drawdown chart below to compare losses from any high point for BMED and IHI.

Drawdown Indicators

	BMED	IHI	Difference
Max Drawdown Largest peak-to-trough decline	-36.44%	-49.65%	+13.21%
Max Drawdown (1Y) Largest decline over 1 year	-14.85%	-26.11%	+11.26%
Max Drawdown (3Y) Largest decline over 3 years	-20.12%	-26.64%	+6.52%
Max Drawdown (5Y) Largest decline over 5 years	-33.90%	-33.12%	-0.78%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.25%	—
Current Drawdown Current decline from peak	-3.96%	-20.04%	+16.08%
Average Drawdown Average peak-to-trough decline	-18.75%	-8.43%	-10.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.43%	13.27%	-6.84%

Volatility

BMED vs. IHI - Volatility Comparison

The current volatility for Future Health ETF (BMED) is 5.33%, while iShares U.S. Medical Devices ETF (IHI) has a volatility of 9.58%. This indicates that BMED 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.

Volatility by Period

	BMED	IHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.33%	9.58%	-4.25%
Volatility (6M) Calculated over the trailing 6-month period	12.13%	16.58%	-4.45%
Volatility (1Y) Calculated over the trailing 1-year period	15.98%	19.90%	-3.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.55%	19.55%	-2.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.76%	20.01%	-2.25%

BMED vs. IHI - Expense Ratio Comparison

BMED has a 0.85% expense ratio, which is higher than IHI's 0.38% expense ratio.

Dividends

BMED vs. IHI - Dividend Comparison

BMED's dividend yield for the trailing twelve months is around 0.26%, less than IHI's 0.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BMED Future Health ETF	0.26%	0.00%	0.00%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IHI iShares U.S. Medical Devices ETF	0.46%	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

Can I hold both BMED and IHI in my portfolio?

BMED and IHI have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BMED or IHI?

IHI has higher volatility (9.58%) compared to BMED (5.33%). In terms of maximum drawdown, BMED dropped -36.44% vs IHI's -49.65%.

Which ETF is better, BMED or IHI?

On 5-year performance, BMED leads with 0.67% vs -3.35% for IHI. On fees, IHI is cheaper at 0.38% per year. On volatility, BMED has been the lower-risk option at 5.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BMED or IHI?

Over the 5-year period, BMED has performed better with a 0.67% return vs -3.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BMED or IHI?

IHI is cheaper with a 0.38% expense ratio, compared with 0.85% for BMED.

Which ETF pays a higher dividend yield, BMED or IHI?

IHI has the higher dividend yield at 0.46%, compared with 0.26% for BMED.

What is the main difference between BMED and IHI?

They also come from different issuers: BlackRock and iShares. Their fees differ too: 0.85% for BMED and 0.38% for IHI.

Which has better risk-adjusted returns?

BMED currently has the higher Sharpe Ratio (1.64 vs -0.59), 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.