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IHE vs. AGNG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IHE vs. AGNG

Last updated Jun 24, 2026

IHE (iShares U.S. Pharmaceuticals ETF) and AGNG (Global X Aging Population ETF) are both Health & Biotech Equities funds - IHE tracks the Dow Jones U.S. Select Pharmaceuticals Index while AGNG tracks the Indxx Aging Population Thematic Index. Both are passively managed. Over the past 10 years, IHE returned 8.99%/yr vs 9.37%/yr for AGNG. A 0.66 correlation means they provide meaningful diversification when combined. IHE charges 0.42%/yr vs 0.50%/yr for AGNG.

Performance

IHE vs. AGNG - Performance Comparison

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

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Returns By Period

In the year-to-date period, IHE achieves a 11.65% return, which is significantly higher than AGNG's -2.65% return. Both investments have delivered pretty close results over the past 10 years, with IHE having a 8.99% annualized return and AGNG not far ahead at 9.37%.

IHE

1D
1.60%
1M
3.16%
YTD
11.65%
6M
10.97%
1Y
46.87%
3Y*
18.43%
5Y*
10.55%
10Y*
8.99%

AGNG

1D
0.89%
1M
-2.46%
YTD
-2.65%
6M
-3.59%
1Y
12.53%
3Y*
8.93%
5Y*
3.41%
10Y*
9.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IHE vs. AGNG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IHE
iShares U.S. Pharmaceuticals ETF		11.65%31.69%8.13%1.06%-4.87%13.07%13.66%15.47%-7.76%10.64%
AGNG
Global X Aging Population ETF		-2.65%20.01%7.03%9.65%-8.61%3.91%18.96%25.24%-1.45%28.17%

Correlation

The correlation between IHE and AGNG is 0.74, 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

0.74

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

0.72

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

0.75

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

0.67

Correlation (All Time)
Calculated using the full available price history since May 10, 2016

0.66

The correlation between IHE and AGNG has been stable across timeframes, ranging from 0.66 to 0.75 - a consistent structural relationship.

IHE vs. AGNG - Sectors Allocation Comparison

Sectors
IHE
AGNG

Healthcare

100.0%
91.2%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Industrials

-

-

Real Estate

-

8.9%

Technology

-

-

Utilities

-

-

Healthcare

IHE
100.0%
AGNG
91.2%

Basic Materials

IHE

-

AGNG

-

Communication Services

IHE

-

AGNG

-

Consumer Cyclical

IHE

-

AGNG

-

Consumer Defensive

IHE

-

AGNG

-

Energy

IHE

-

AGNG

-

Financial Services

IHE

-

AGNG

-

Industrials

IHE

-

AGNG

-

Real Estate

IHE

-

AGNG
8.9%

Technology

IHE

-

AGNG

-

Utilities

IHE

-

AGNG

-

Compare stocks, funds, or ETFs

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iShares U.S. Pharmaceuticals ETF

Global X Aging Population ETF

Often compared with IHE:
IHE vs. PPHIHE vs. XPHIHE vs. XLVIHE vs. VYMIHE vs. PJPIHE vs. IAKIHE vs. BBP
Often compared with AGNG:
AGNG vs. AGES.LAGNG vs. XLVAGNG vs. WDNAAGNG vs. SPYAGNG vs. LLYAGNG vs. GDOCAGNG vs. VOO

Return for Risk

IHE vs. AGNG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IHE
IHE Risk / Return Rank: 8787
Overall Rank
IHE Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
IHE Sortino Ratio Rank: 9090
Sortino Ratio Rank
IHE Omega Ratio Rank: 8282
Omega Ratio Rank
IHE Calmar Ratio Rank: 9191
Calmar Ratio Rank
IHE Martin Ratio Rank: 8585
Martin Ratio Rank
AGNG
AGNG Risk / Return Rank: 2525
Overall Rank
AGNG Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
AGNG Sortino Ratio Rank: 2727
Sortino Ratio Rank
AGNG Omega Ratio Rank: 2525
Omega Ratio Rank
AGNG Calmar Ratio Rank: 2424
Calmar Ratio Rank
AGNG Martin Ratio Rank: 2222
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.

IHE vs. AGNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Pharmaceuticals ETF (IHE) and Global X Aging Population ETF (AGNG). 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.

IHEAGNGDifference
Sharpe ratioReturn per unit of total volatility
2.74
0.92

+1.82

Sortino ratioReturn per unit of downside risk
3.95
1.41

+2.54

Omega ratioGain probability vs. loss probability

1.46

1.17

+0.29

Calmar ratioReturn relative to maximum drawdown

5.56

1.10

+4.46

Martin ratioReturn relative to average drawdown

17.09

2.68

+14.41

IHE vs. AGNG - Sharpe Ratio Comparison

The current IHE Sharpe Ratio is 2.74, which is higher than the AGNG Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of IHE and AGNG, 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

IHE vs. AGNG - Drawdown Comparison

The maximum IHE drawdown since its inception was -38.20%, which is greater than AGNG's maximum drawdown of -30.58%. Use the drawdown chart below to compare losses from any high point for IHE and AGNG.

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Drawdown Indicators

IHEAGNGDifference

Max Drawdown

Largest peak-to-trough decline

-38.20%

-30.58%

-7.62%

Max Drawdown (1Y)

Largest decline over 1 year

-8.47%

-11.45%

+2.98%

Max Drawdown (3Y)

Largest decline over 3 years

-15.92%

-14.48%

-1.44%

Max Drawdown (5Y)

Largest decline over 5 years

-16.03%

-25.66%

+9.63%

Max Drawdown (10Y)

Largest decline over 10 years

-29.59%

-30.58%

+0.99%

Current Drawdown

Current decline from peak

-0.70%

-9.10%

+8.40%

Average Drawdown

Average peak-to-trough decline

-7.90%

-5.97%

-1.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.75%

4.68%

-1.93%

Volatility

IHE vs. AGNG - Volatility Comparison

iShares U.S. Pharmaceuticals ETF (IHE) has a higher volatility of 5.27% compared to Global X Aging Population ETF (AGNG) at 4.39%. This indicates that IHE's price experiences larger fluctuations and is considered to be riskier than AGNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IHEAGNGDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.27%

4.39%

+0.88%

Volatility (6M)

Calculated over the trailing 6-month period

12.68%

10.31%

+2.37%

Volatility (1Y)

Calculated over the trailing 1-year period

17.22%

13.70%

+3.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.28%

15.23%

+1.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.05%

17.14%

+0.91%

IHE vs. AGNG - Expense Ratio Comparison

IHE has a 0.42% expense ratio, which is lower than AGNG's 0.50% expense ratio.

Dividends

IHE vs. AGNG - Dividend Comparison

IHE's dividend yield for the trailing twelve months is around 1.56%, more than AGNG's 0.90% yield.

PositionTTM20252024202320222021202020192018201720162015
AGNG
Global X Aging Population ETF		0.90%0.88%0.83%0.96%0.49%0.72%0.36%0.83%1.00%1.04%0.45%0.00%
IHE
iShares U.S. Pharmaceuticals ETF		1.56%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

IHE and AGNG have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IHE has higher volatility (5.27%) compared to AGNG (4.39%). In terms of maximum drawdown, IHE dropped -38.20% vs AGNG's -30.58%.

On 10-year performance, AGNG leads with 9.37% vs 8.99% for IHE. On fees, IHE is cheaper at 0.42% per year. On volatility, AGNG has been the lower-risk option at 4.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, AGNG has performed better with a 9.37% return vs 8.99%. 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 0.50% for AGNG.

IHE has the higher dividend yield at 1.56%, compared with 0.90% for AGNG.

IHE tracks Dow Jones U.S. Select Pharmaceuticals Index, while AGNG tracks Indxx Aging Population Thematic Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.42% for IHE and 0.50% for AGNG.

IHE currently has the higher Sharpe Ratio (2.74 vs 0.92), 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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