HEI vs. IBB
HEI (HEICO Corporation) is a stock, while IBB (iShares Nasdaq Biotechnology ETF) is Health & Biotech Equities fund tracking the NASDAQ Biotechnology Index. Over the past 10 years, HEI returned 25.58%/yr vs 6.32%/yr for IBB. At a 0.39 correlation, their price movements are largely independent.
Performance
HEI vs. IBB - Performance Comparison
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Returns By Period
In the year-to-date period, HEI achieves a 2.94% return, which is significantly higher than IBB's 1.65% return. Over the past 10 years, HEI has outperformed IBB with an annualized return of 25.58%, while IBB has yielded a comparatively lower 6.32% annualized return.
HEI
- 1D
- 1.17%
- 1M
- 20.06%
- YTD
- 2.94%
- 6M
- 5.53%
- 1Y
- 11.05%
- 3Y*
- 28.54%
- 5Y*
- 17.93%
- 10Y*
- 25.58%
IBB
- 1D
- 2.35%
- 1M
- 0.64%
- YTD
- 1.65%
- 6M
- -0.21%
- 1Y
- 37.34%
- 3Y*
- 10.11%
- 5Y*
- 2.57%
- 10Y*
- 6.32%
HEI vs. IBB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HEI HEICO Corporation | 2.94% | 36.22% | 33.05% | 16.56% | 6.67% | 9.06% | 16.16% | 47.54% | 28.51% | 53.04% |
IBB iShares Nasdaq Biotechnology ETF | 1.65% | 27.98% | -2.41% | 3.76% | -13.69% | 0.95% | 26.01% | 25.42% | -9.53% | 21.08% |
Correlation
The correlation between HEI and IBB is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2001 | 0.39 |
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Return for Risk
HEI vs. IBB — Risk / Return Rank
HEI
IBB
HEI vs. IBB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HEICO Corporation (HEI) and iShares Nasdaq Biotechnology ETF (IBB). 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.
| HEI | IBB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.32 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 3.89 | -3.48 |
| Martin ratioReturn relative to average drawdown | 1.00 | 12.34 | -11.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HEI | IBB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 1.88 | -1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.12 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.27 | +0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.26 | +0.26 |
Drawdowns
HEI vs. IBB - Drawdown Comparison
The maximum HEI drawdown since its inception was -75.50%, which is greater than IBB's maximum drawdown of -62.85%. Use the drawdown chart below to compare losses from any high point for HEI and IBB.
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Drawdown Indicators
| HEI | IBB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.50% | -62.85% | -12.65% |
Max Drawdown (1Y)Largest decline over 1 year | -27.11% | -9.63% | -17.48% |
Max Drawdown (3Y)Largest decline over 3 years | -27.11% | -24.85% | -2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -27.11% | -39.82% | +12.71% |
Max Drawdown (10Y)Largest decline over 10 years | -57.73% | -39.82% | -17.91% |
Current DrawdownCurrent decline from peak | -7.00% | -3.43% | -3.57% |
Average DrawdownAverage peak-to-trough decline | -19.96% | -21.18% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.11% | 3.04% | +8.07% |
Volatility
HEI vs. IBB - Volatility Comparison
HEICO Corporation (HEI) has a higher volatility of 14.84% compared to iShares Nasdaq Biotechnology ETF (IBB) at 7.26%. This indicates that HEI's price experiences larger fluctuations and is considered to be riskier than IBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEI | IBB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.84% | 7.26% | +7.58% |
Volatility (6M)Calculated over the trailing 6-month period | 27.16% | 15.55% | +11.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.64% | 19.99% | +12.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.57% | 22.01% | +5.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.60% | 23.23% | +7.37% |
Dividends
HEI vs. IBB - Dividend Comparison
HEI's dividend yield for the trailing twelve months is around 0.07%, less than IBB's 0.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEI HEICO Corporation | 0.07% | 0.07% | 0.09% | 0.11% | 0.12% | 0.12% | 0.12% | 0.12% | 0.14% | 0.08% | 0.22% | 0.28% |
IBB iShares Nasdaq Biotechnology ETF | 0.23% | 0.23% | 0.29% | 0.26% | 0.31% | 0.21% | 0.21% | 0.33% | 0.20% | 0.30% | 0.19% | 0.03% |
Frequently Asked Questions
HEI and IBB have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HEI has higher volatility (14.84%) compared to IBB (7.26%). In terms of maximum drawdown, HEI dropped -75.50% vs IBB's -62.85%.
IBB currently has the higher Sharpe Ratio (1.88 vs 0.34), 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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