HQL vs. IYH
HQL (Tekla Life Sciences Investors) is a stock, while IYH (iShares U.S. Healthcare ETF) is Health & Biotech Equities fund tracking the Dow Jones U.S. Health Care Index. Over the past 10 years, HQL returned 10.15%/yr vs 9.52%/yr for IYH. Their 0.62 correlation means they have sometimes moved together and sometimes differently.
Performance
HQL vs. IYH - Performance Comparison
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Returns By Period
In the year-to-date period, HQL achieves a 25.27% return, which is significantly higher than IYH's 5.42% return. Over the past 10 years, HQL has outperformed IYH with an annualized return of 10.15%, while IYH has yielded a comparatively lower 9.52% annualized return.
HQL
- 1D
- 2.23%
- 1M
- -2.09%
- 6M
- 22.43%
- YTD
- 25.27%
- 1Y
- 67.53%
- 3Y*
- 28.98%
- 5Y*
- 9.74%
- 10Y*
- 10.15%
- ALL TIME*
- 8.70%
IYH
- 1D
- 0.00%
- 1M
- -1.40%
- 6M
- 6.20%
- YTD
- 5.42%
- 1Y
- 23.51%
- 3Y*
- 8.40%
- 5Y*
- 4.69%
- 10Y*
- 9.52%
- ALL TIME*
- 7.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.56M | $3.20M | $2.54M | |
| $81.05M | $58.47M | $58.18M |
HQL vs. IYH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HQL Tekla Life Sciences Investors | 25.27% | 45.48% | 11.03% | 4.23% | -19.21% | 5.52% | 23.72% | 25.53% | -16.18% | 25.41% |
IYH iShares U.S. Healthcare ETF | 5.42% | 13.16% | 2.99% | 2.14% | -4.46% | 23.41% | 15.56% | 20.80% | 5.80% | 22.27% |
Correlation
The correlation between HQL and IYH is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2000 | 0.62 |
The correlation between HQL and IYH shifts across timeframes, from 0.44 (1 year) to 0.67 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
HQL vs. IYH — Risk / Return Rank
HQL
IYH
HQL vs. IYH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tekla Life Sciences Investors (HQL) 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.
| HQL | IYH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.27 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 6.62 | 2.22 | +4.40 |
| Martin ratioReturn relative to average drawdown | 19.18 | 5.25 | +13.93 |
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Drawdowns
HQL vs. IYH - Drawdown Comparison
The maximum HQL drawdown since its inception was -62.65%, which is greater than IYH's maximum drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for HQL and IYH.
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Drawdown Indicators
| HQL | IYH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.65% | -43.12% | -19.53% |
Max Drawdown (1Y)Largest decline over 1 year | -10.25% | -10.64% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -25.10% | -17.91% | -7.19% |
Max Drawdown (5Y)Largest decline over 5 years | -38.86% | -17.91% | -20.95% |
Max Drawdown (10Y)Largest decline over 10 years | -38.86% | -28.40% | -10.46% |
Current DrawdownCurrent decline from peak | -5.42% | -2.92% | -2.50% |
Average DrawdownAverage peak-to-trough decline | -22.17% | -8.92% | -13.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 4.50% | -0.97% |
Volatility
HQL vs. IYH - Volatility Comparison
Tekla Life Sciences Investors (HQL) has a higher volatility of 6.72% compared to iShares U.S. Healthcare ETF (IYH) at 5.17%. This indicates that HQL's price experiences larger fluctuations and is considered to be riskier 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
| HQL | IYH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.72% | 5.17% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 15.67% | 12.02% | +3.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.77% | 15.61% | +6.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.93% | 15.23% | +5.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.28% | 16.82% | +5.46% |
Dividends
HQL vs. IYH - Dividend Comparison
HQL's dividend yield for the trailing twelve months is around 10.36%, more than IYH's 1.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HQL Tekla Life Sciences Investors | 10.36% | 10.85% | 14.18% | 9.44% | 9.57% | 8.79% | 7.90% | 8.03% | 10.72% | 8.25% | 12.18% | 11.84% |
IYH iShares U.S. Healthcare ETF | 1.17% | 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
HQL and IYH have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HQL has higher volatility (6.72%) compared to IYH (5.17%). In terms of maximum drawdown, HQL dropped -62.65% vs IYH's -43.12%.
HQL currently has the higher Sharpe Ratio (3.12 vs 1.52), 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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