BMED vs. IYH
BMED (Future Health ETF) and IYH (iShares U.S. Healthcare ETF) are both Health & Biotech Equities funds. BMED is actively managed, while IYH is passively managed. Over the past 5 years, BMED returned -1.08%/yr vs 4.42%/yr for IYH. A 0.79 correlation means they provide meaningful diversification when combined. BMED charges 0.85%/yr vs 0.43%/yr for IYH.
Performance
BMED vs. IYH - Performance Comparison
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Returns By Period
In the year-to-date period, BMED achieves a -5.53% return, which is significantly lower than IYH's -2.40% return.
BMED
- 1D
- 0.50%
- 1M
- 2.01%
- YTD
- -5.53%
- 6M
- -6.79%
- 1Y
- 18.30%
- 3Y*
- 5.25%
- 5Y*
- -1.08%
- 10Y*
- —
IYH
- 1D
- 0.80%
- 1M
- 0.57%
- YTD
- -2.40%
- 6M
- -2.92%
- 1Y
- 15.59%
- 3Y*
- 5.60%
- 5Y*
- 4.42%
- 10Y*
- 9.59%
BMED vs. IYH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BMED Future Health ETF | -5.53% | 21.79% | 1.55% | 5.70% | -19.69% | -3.96% | 17.62% |
IYH iShares U.S. Healthcare ETF | -2.40% | 13.16% | 2.99% | 2.14% | -4.46% | 23.41% | 8.57% |
Correlation
The correlation between BMED and IYH is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2020 | 0.79 |
The correlation between BMED and IYH has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.
BMED vs. IYH - Sectors Allocation Comparison
Sectors
BMED
IYH
Healthcare
Consumer Defensive
-
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Energy
-
-
Financial Services
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Healthcare
BMED
IYH
Consumer Defensive
BMED
IYH
-
Basic Materials
BMED
-
IYH
-
Communication Services
BMED
-
IYH
-
Consumer Cyclical
BMED
-
IYH
-
Energy
BMED
-
IYH
-
Financial Services
BMED
-
IYH
-
Industrials
BMED
-
IYH
-
Real Estate
BMED
-
IYH
-
Technology
BMED
-
IYH
-
Utilities
BMED
-
IYH
-
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Return for Risk
BMED vs. IYH — Risk / Return Rank
BMED
IYH
BMED vs. IYH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Future Health ETF (BMED) 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.
| BMED | IYH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 1.47 | -0.23 |
| Martin ratioReturn relative to average drawdown | 2.91 | 3.47 | -0.56 |
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Drawdowns
BMED vs. IYH - Drawdown Comparison
The maximum BMED drawdown since its inception was -36.44%, smaller than the maximum IYH drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for BMED and IYH.
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Drawdown Indicators
| BMED | IYH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.44% | -43.12% | +6.68% |
Max Drawdown (1Y)Largest decline over 1 year | -14.85% | -10.64% | -4.21% |
Max Drawdown (3Y)Largest decline over 3 years | -20.12% | -17.91% | -2.21% |
Max Drawdown (5Y)Largest decline over 5 years | -33.90% | -17.91% | -15.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.40% | — |
Current DrawdownCurrent decline from peak | -11.49% | -5.63% | -5.86% |
Average DrawdownAverage peak-to-trough decline | -19.02% | -8.95% | -10.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.31% | 4.51% | +1.80% |
Volatility
BMED vs. IYH - Volatility Comparison
The current volatility for Future Health ETF (BMED) is 4.74%, while iShares U.S. Healthcare ETF (IYH) has a volatility of 5.02%. This indicates that BMED 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
| BMED | IYH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 5.02% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 11.37% | 10.60% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.41% | 15.10% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 14.97% | +2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.74% | 16.75% | +0.99% |
BMED vs. IYH - Expense Ratio Comparison
BMED has a 0.85% expense ratio, which is higher than IYH's 0.43% expense ratio.
Dividends
BMED vs. IYH - Dividend Comparison
BMED's dividend yield for the trailing twelve months is around 0.28%, less than IYH's 1.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMED Future Health ETF | 0.28% | 0.00% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYH iShares U.S. Healthcare ETF | 1.27% | 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
BMED and IYH have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYH has higher volatility (5.02%) compared to BMED (4.74%). In terms of maximum drawdown, BMED dropped -36.44% vs IYH's -43.12%.
On 5-year performance, IYH leads with 4.42% vs -1.08% for BMED. On fees, IYH is cheaper at 0.43% per year. On volatility, BMED has been the lower-risk option at 4.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IYH has performed better with a 4.42% return vs -1.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYH is cheaper with a 0.43% expense ratio, compared with 0.85% for BMED.
IYH has the higher dividend yield at 1.27%, compared with 0.28% for BMED.
They also come from different issuers: BlackRock and iShares. Their fees differ too: 0.85% for BMED and 0.43% for IYH.
BMED currently has the higher Sharpe Ratio (1.20 vs 1.04), 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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