Correlation
The correlation between IBRN and MEDI is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
IBRN vs. MEDI
Compare and contrast key facts about iShares Neuroscience and Healthcare ETF (IBRN) and Harbor Health Care ETF (MEDI).
IBRN and MEDI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBRN is a passively managed fund by iShares that tracks the performance of the NYSE FactSet Global Neuro Biopharma and MedTech Index. It was launched on Aug 24, 2022. MEDI is an actively managed fund by Harbor. It was launched on Nov 16, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBRN or MEDI.
Performance
IBRN vs. MEDI - Performance Comparison
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Key characteristics
IBRN:
-0.18
MEDI:
0.10
IBRN:
0.08
MEDI:
0.36
IBRN:
1.01
MEDI:
1.04
IBRN:
-0.06
MEDI:
0.17
IBRN:
-0.16
MEDI:
0.42
IBRN:
12.87%
MEDI:
7.60%
IBRN:
26.88%
MEDI:
21.95%
IBRN:
-35.39%
MEDI:
-19.24%
IBRN:
-21.56%
MEDI:
-9.68%
Returns By Period
In the year-to-date period, IBRN achieves a -11.89% return, which is significantly lower than MEDI's 2.81% return.
IBRN
-11.89%
-3.88%
-17.49%
-4.70%
N/A
N/A
N/A
MEDI
2.81%
-1.92%
-4.50%
2.24%
N/A
N/A
N/A
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IBRN vs. MEDI - Expense Ratio Comparison
IBRN has a 0.47% expense ratio, which is lower than MEDI's 0.80% expense ratio.
Risk-Adjusted Performance
IBRN vs. MEDI — Risk-Adjusted Performance Rank
IBRN
MEDI
IBRN vs. MEDI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Neuroscience and Healthcare ETF (IBRN) and Harbor Health Care ETF (MEDI). 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.
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Dividends
IBRN vs. MEDI - Dividend Comparison
IBRN's dividend yield for the trailing twelve months is around 0.45%, less than MEDI's 0.53% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
IBRN iShares Neuroscience and Healthcare ETF | 0.45% | 0.40% | 0.05% |
MEDI Harbor Health Care ETF | 0.53% | 0.54% | 1.86% |
Drawdowns
IBRN vs. MEDI - Drawdown Comparison
The maximum IBRN drawdown since its inception was -35.39%, which is greater than MEDI's maximum drawdown of -19.24%. Use the drawdown chart below to compare losses from any high point for IBRN and MEDI.
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Volatility
IBRN vs. MEDI - Volatility Comparison
iShares Neuroscience and Healthcare ETF (IBRN) has a higher volatility of 9.62% compared to Harbor Health Care ETF (MEDI) at 8.86%. This indicates that IBRN's price experiences larger fluctuations and is considered to be riskier than MEDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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