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HTEC vs. IHE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HTEC vs. IHE

Last updated Jun 4, 2026

HTEC (ROBO Global Healthcare Technology and Innovation ETF) and IHE (iShares U.S. Pharmaceuticals ETF) are both Health & Biotech Equities funds - HTEC tracks the ROBO Global® Healthcare Technology and Innovation Index while IHE tracks the Dow Jones U.S. Select Pharmaceuticals Index. Both are passively managed. Over the past 5 years, HTEC returned -4.88%/yr vs 9.98%/yr for IHE. A 0.63 correlation means they provide meaningful diversification when combined. HTEC charges 0.68%/yr vs 0.42%/yr for IHE.

Performance

HTEC vs. IHE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ROBO Global Healthcare Technology and Innovation ETF (HTEC) and iShares U.S. Pharmaceuticals ETF (IHE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HTEC achieves a -2.96% return, which is significantly lower than IHE's 6.47% return.

HTEC

1D
0.67%
1M
3.12%
YTD
-2.96%
6M
-3.90%
1Y
26.68%
3Y*
5.17%
5Y*
-4.88%
10Y*
—

IHE

1D
1.16%
1M
1.80%
YTD
6.47%
6M
8.51%
1Y
40.15%
3Y*
17.47%
5Y*
9.98%
10Y*
7.81%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HTEC vs. IHE - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
HTEC
ROBO Global Healthcare Technology and Innovation ETF		-2.96%23.91%2.68%-2.94%-33.72%-0.28%65.01%9.34%
IHE
iShares U.S. Pharmaceuticals ETF		6.47%31.69%8.13%1.06%-4.87%13.07%13.66%6.97%

Correlation

The correlation between HTEC and IHE is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.62

Correlation (3Y)
Calculated over the trailing 3-year period

0.58

Correlation (5Y)
Calculated over the trailing 5-year period

0.60

Correlation (All Time)
Calculated using the full available price history since Jun 26, 2019

0.63

The correlation between HTEC and IHE has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.

HTEC vs. IHE - Sectors Allocation Comparison

Sectors
HTEC
IHE

Healthcare

77.3%
100.0%

Financial Services

3.9%

-

Technology

3.7%

-

Industrials

1.3%

-

Energy

1.2%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Real Estate

-

-

Utilities

-

-

Healthcare

HTEC
77.3%
IHE
100.0%

Financial Services

HTEC
3.9%
IHE

-

Technology

HTEC
3.7%
IHE

-

Industrials

HTEC
1.3%
IHE

-

Energy

HTEC
1.2%
IHE

-

Basic Materials

HTEC

-

IHE

-

Communication Services

HTEC

-

IHE

-

Consumer Cyclical

HTEC

-

IHE

-

Consumer Defensive

HTEC

-

IHE

-

Real Estate

HTEC

-

IHE

-

Utilities

HTEC

-

IHE

-

Compare stocks, funds, or ETFs

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ROBO Global Healthcare Technology and Innovation ETF

iShares U.S. Pharmaceuticals ETF

Often compared with HTEC:
HTEC vs. ARKGHTEC vs. THNQHTEC vs. WTAIHTEC vs. MDEVHTEC vs. HEALHTEC vs. XHEHTEC vs. BETZ
Often compared with IHE:
IHE vs. PPHIHE vs. XPHIHE vs. XLVIHE vs. VYMIHE vs. PJPIHE vs. IAKIHE vs. BBP

Return for Risk

HTEC vs. IHE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HTEC
HTEC Risk / Return Rank: 3434
Overall Rank
HTEC Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
HTEC Sortino Ratio Rank: 3838
Sortino Ratio Rank
HTEC Omega Ratio Rank: 3333
Omega Ratio Rank
HTEC Calmar Ratio Rank: 3333
Calmar Ratio Rank
HTEC Martin Ratio Rank: 2929
Martin Ratio Rank
IHE
IHE Risk / Return Rank: 7474
Overall Rank
IHE Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
IHE Sortino Ratio Rank: 7575
Sortino Ratio Rank
IHE Omega Ratio Rank: 6565
Omega Ratio Rank
IHE Calmar Ratio Rank: 8585
Calmar Ratio Rank
IHE Martin Ratio Rank: 7575
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HTEC vs. IHE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ROBO Global Healthcare Technology and Innovation ETF (HTEC) and iShares U.S. Pharmaceuticals ETF (IHE). 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.

HTECIHEDifference
Sharpe ratioReturn per unit of total volatility
1.32
2.36

-1.04

Sortino ratioReturn per unit of downside risk
1.99
3.43

-1.45

Omega ratioGain probability vs. loss probability

1.23

1.40

-0.17

Calmar ratioReturn relative to maximum drawdown

1.64

4.76

-3.12

Martin ratioReturn relative to average drawdown

4.07

14.35

-10.28

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HTEC vs. IHE - Sharpe Ratio Comparison

The current HTEC Sharpe Ratio is 1.32, which is lower than the IHE Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of HTEC and IHE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

HTECIHEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.32

2.36

-1.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.20

0.62

-0.82

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.43

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.21

0.51

-0.30

Drawdowns

HTEC vs. IHE - Drawdown Comparison

The maximum HTEC drawdown since its inception was -57.53%, which is greater than IHE's maximum drawdown of -38.20%. Use the drawdown chart below to compare losses from any high point for HTEC and IHE.

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Drawdown Indicators

HTECIHEDifference

Max Drawdown

Largest peak-to-trough decline

-57.53%

-38.20%

-19.33%

Max Drawdown (1Y)

Largest decline over 1 year

-16.31%

-8.47%

-7.84%

Max Drawdown (3Y)

Largest decline over 3 years

-28.67%

-15.92%

-12.75%

Max Drawdown (5Y)

Largest decline over 5 years

-56.10%

-16.03%

-40.07%

Max Drawdown (10Y)

Largest decline over 10 years

—

-29.59%

—

Current Drawdown

Current decline from peak

-33.25%

-2.80%

-30.45%

Average Drawdown

Average peak-to-trough decline

-28.99%

-7.92%

-21.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.57%

2.81%

+3.76%

Volatility

HTEC vs. IHE - Volatility Comparison

ROBO Global Healthcare Technology and Innovation ETF (HTEC) has a higher volatility of 5.82% compared to iShares U.S. Pharmaceuticals ETF (IHE) at 5.53%. This indicates that HTEC's price experiences larger fluctuations and is considered to be riskier than IHE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HTECIHEDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.82%

5.53%

+0.29%

Volatility (6M)

Calculated over the trailing 6-month period

14.90%

12.48%

+2.42%

Volatility (1Y)

Calculated over the trailing 1-year period

20.32%

17.07%

+3.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.39%

16.24%

+8.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.46%

18.05%

+7.41%

HTEC vs. IHE - Expense Ratio Comparison

HTEC has a 0.68% expense ratio, which is higher than IHE's 0.42% expense ratio.

Dividends

HTEC vs. IHE - Dividend Comparison

HTEC's dividend yield for the trailing twelve months is around 1.01%, less than IHE's 1.65% yield.

PositionTTM20252024202320222021202020192018201720162015
HTEC
ROBO Global Healthcare Technology and Innovation ETF		1.01%0.98%0.00%0.00%0.00%0.05%0.00%0.00%0.00%0.00%0.00%0.00%
IHE
iShares U.S. Pharmaceuticals ETF		1.65%1.76%1.73%1.39%2.01%1.49%1.19%1.40%1.25%1.36%0.92%1.93%

Frequently Asked Questions

HTEC and IHE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HTEC has higher volatility (5.82%) compared to IHE (5.53%). In terms of maximum drawdown, HTEC dropped -57.53% vs IHE's -38.20%.

On 5-year performance, IHE leads with 9.98% vs -4.88% for HTEC. On fees, IHE is cheaper at 0.42% per year. On volatility, IHE has been the lower-risk option at 5.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IHE has performed better with a 9.98% return vs -4.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IHE is cheaper with a 0.42% expense ratio, compared with 0.68% for HTEC.

IHE has the higher dividend yield at 1.65%, compared with 1.01% for HTEC.

HTEC tracks ROBO Global® Healthcare Technology and Innovation Index, while IHE tracks Dow Jones U.S. Select Pharmaceuticals Index. They also come from different issuers: Exchange Traded Concepts and iShares. Their fees differ too: 0.68% for HTEC and 0.42% for IHE.

IHE currently has the higher Sharpe Ratio (2.36 vs 1.32), 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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