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IAI vs. IYH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IAI vs. IYH

Last updated Jun 13, 2026

IAI (iShares U.S. Broker-Dealers & Securities Exchanges ETF) and IYH (iShares U.S. Healthcare ETF) are both exchange-traded funds - IAI is a Financials Equities fund tracking the DJ US Select / Investment Services, while IYH is a Health & Biotech Equities fund tracking the Dow Jones U.S. Health Care Index. Both are passively managed. Over the past 10 years, IAI returned 19.37%/yr vs 9.52%/yr for IYH. A 0.58 correlation means they provide meaningful diversification when combined. IAI charges 0.41%/yr vs 0.43%/yr for IYH.

Performance

IAI vs. IYH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) and iShares U.S. Healthcare ETF (IYH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IAI achieves a 3.17% return, which is significantly higher than IYH's -0.65% return. Over the past 10 years, IAI has outperformed IYH with an annualized return of 19.37%, while IYH has yielded a comparatively lower 9.52% annualized return.

IAI

1D
1.83%
1M
3.22%
YTD
3.17%
6M
2.78%
1Y
19.26%
3Y*
28.06%
5Y*
14.44%
10Y*
19.37%

IYH

1D
-0.20%
1M
4.45%
YTD
-0.65%
6M
0.07%
1Y
14.13%
3Y*
6.45%
5Y*
4.89%
10Y*
9.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IAI vs. IYH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IAI
iShares U.S. Broker-Dealers & Securities Exchanges ETF		3.17%25.80%34.37%15.27%-10.87%40.48%18.61%24.26%-9.47%28.86%
IYH
iShares U.S. Healthcare ETF		-0.65%13.16%2.99%2.14%-4.46%23.41%15.56%20.80%5.80%22.27%

Correlation

The correlation between IAI and IYH is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.33

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

0.42

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

0.48

Correlation (10Y)
Calculated over the trailing 10-year period

0.50

Correlation (All Time)
Calculated using the full available price history since May 5, 2006

0.58

Over the past year, the correlation between IAI and IYH has dropped to 0.33 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.

IAI vs. IYH - Sectors Allocation Comparison

Sectors
IAI
IYH

Financial Services

99.9%

-

Technology

0.1%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

100.0%

Industrials

-

-

Real Estate

-

-

Utilities

-

-

Financial Services

IAI
99.9%
IYH

-

Technology

IAI
0.1%
IYH

-

Basic Materials

IAI

-

IYH

-

Communication Services

IAI

-

IYH

-

Consumer Cyclical

IAI

-

IYH

-

Consumer Defensive

IAI

-

IYH

-

Energy

IAI

-

IYH

-

Healthcare

IAI

-

IYH
100.0%

Industrials

IAI

-

IYH

-

Real Estate

IAI

-

IYH

-

Utilities

IAI

-

IYH

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares U.S. Broker-Dealers & Securities Exchanges ETF

iShares U.S. Healthcare ETF

Often compared with IAI:
IAI vs. KCEIAI vs. XLFIAI vs. SPYIAI vs. QQQIAI vs. KIEIAI vs. FASIAI vs. FXO
Often compared with IYH:
IYH vs. VHTIYH vs. XLVIYH vs. SPYIYH vs. IYEIYH vs. IFRAIYH vs. BMEDIYH vs. IBB

Return for Risk

IAI vs. IYH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IAI
IAI Risk / Return Rank: 2929
Overall Rank
IAI Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
IAI Sortino Ratio Rank: 3030
Sortino Ratio Rank
IAI Omega Ratio Rank: 2929
Omega Ratio Rank
IAI Calmar Ratio Rank: 2727
Calmar Ratio Rank
IAI Martin Ratio Rank: 2727
Martin Ratio Rank
IYH
IYH Risk / Return Rank: 2929
Overall Rank
IYH Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
IYH Sortino Ratio Rank: 3131
Sortino Ratio Rank
IYH Omega Ratio Rank: 2828
Omega Ratio Rank
IYH Calmar Ratio Rank: 3131
Calmar Ratio Rank
IYH Martin Ratio Rank: 2727
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.

IAI vs. IYH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) 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.

IAIIYHDifference
Sharpe ratioReturn per unit of total volatility
1.00
0.94

+0.05

Sortino ratioReturn per unit of downside risk
1.43
1.52

-0.09

Omega ratioGain probability vs. loss probability

1.18

1.17

+0.01

Calmar ratioReturn relative to maximum drawdown

1.17

1.33

-0.16

Martin ratioReturn relative to average drawdown

3.33

3.18

+0.15

IAI vs. IYH - Sharpe Ratio Comparison

The current IAI Sharpe Ratio is 1.00, which is comparable to the IYH Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of IAI and IYH, 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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Drawdowns

IAI vs. IYH - Drawdown Comparison

The maximum IAI drawdown since its inception was -75.46%, which is greater than IYH's maximum drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for IAI and IYH.

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Drawdown Indicators

IAIIYHDifference

Max Drawdown

Largest peak-to-trough decline

-75.46%

-43.12%

-32.34%

Max Drawdown (1Y)

Largest decline over 1 year

-16.52%

-10.64%

-5.88%

Max Drawdown (3Y)

Largest decline over 3 years

-23.14%

-17.91%

-5.23%

Max Drawdown (5Y)

Largest decline over 5 years

-28.84%

-17.91%

-10.93%

Max Drawdown (10Y)

Largest decline over 10 years

-40.38%

-28.40%

-11.98%

Current Drawdown

Current decline from peak

-2.81%

-3.94%

+1.13%

Average Drawdown

Average peak-to-trough decline

-22.63%

-8.96%

-13.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.80%

4.46%

+1.34%

Volatility

IAI vs. IYH - Volatility Comparison

iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) has a higher volatility of 5.98% compared to iShares U.S. Healthcare ETF (IYH) at 4.94%. This indicates that IAI'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

IAIIYHDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.98%

4.94%

+1.04%

Volatility (6M)

Calculated over the trailing 6-month period

15.34%

10.64%

+4.70%

Volatility (1Y)

Calculated over the trailing 1-year period

19.44%

15.10%

+4.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.48%

14.96%

+6.52%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.85%

16.74%

+6.11%

IAI vs. IYH - Expense Ratio Comparison

IAI has a 0.41% expense ratio, which is lower than IYH's 0.43% expense ratio.

Dividends

IAI vs. IYH - Dividend Comparison

IAI's dividend yield for the trailing twelve months is around 1.05%, less than IYH's 1.25% yield.

PositionTTM20252024202320222021202020192018201720162015
IAI
iShares U.S. Broker-Dealers & Securities Exchanges ETF		1.05%0.95%1.05%1.80%2.14%1.31%1.55%1.52%1.58%1.37%1.49%1.31%
IYH
iShares U.S. Healthcare ETF		1.25%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

IAI and IYH have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IAI has higher volatility (5.98%) compared to IYH (4.94%). In terms of maximum drawdown, IAI dropped -75.46% vs IYH's -43.12%.

On 10-year performance, IAI leads with 19.37% vs 9.52% for IYH. On fees, IAI is cheaper at 0.41% per year. On volatility, IYH has been the lower-risk option at 4.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IAI has performed better with a 19.37% return vs 9.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IAI is cheaper with a 0.41% expense ratio, compared with 0.43% for IYH.

IYH has the higher dividend yield at 1.25%, compared with 1.05% for IAI.

IAI is categorized as Financials Equities, while IYH is Health & Biotech Equities. IAI tracks DJ US Select / Investment Services, while IYH tracks Dow Jones U.S. Health Care Index. Their fees differ too: 0.41% for IAI and 0.43% for IYH.

IAI currently has the higher Sharpe Ratio (1.00 vs 0.94), 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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