IHE vs. GSKH

Last updated Jul 14, 2026

IHE (iShares U.S. Pharmaceuticals ETF) and GSKH (GSK plc ADRhedged ETF) are both Health & Biotech Equities funds - IHE tracks the Dow Jones U.S. Select Pharmaceuticals Index while GSKH tracks the GSK plc Local Shares Total Return. Both are passively managed. Over the past year, IHE returned 51.48% vs 41.25% for GSKH. A 0.54 correlation means they provide meaningful diversification when combined. IHE charges 0.38%/yr vs 0.19%/yr for GSKH.

Performance

IHE vs. GSKH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Pharmaceuticals ETF (IHE) and GSK plc ADRhedged ETF (GSKH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IHE achieves a 18.61% return, which is significantly higher than GSKH's 9.11% return.

IHE

• 1D: -0.52%
• 1M: 5.85%
• 6M: 17.45%
• YTD: 18.61%
• 1Y: 51.48%
• 3Y*: 21.44%
• 5Y*: 11.79%
• 10Y*: 8.74%

GSKH

• 1D: -0.53%
• 1M: -0.55%
• 6M: 6.12%
• YTD: 9.11%
• 1Y: 41.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IHE vs. GSKH - Yearly Performance Comparison

	2026 (YTD)	2025
IHE iShares U.S. Pharmaceuticals ETF	18.61%	32.41%
GSKH GSK plc ADRhedged ETF	9.11%	36.51%

Correlation

The correlation between IHE and GSKH is 0.55, 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	0.55
Correlation (All Time) Calculated using the full available price history since Jan 7, 2025	0.54

The correlation between IHE and GSKH has been stable across timeframes, ranging from 0.54 to 0.55 - a consistent structural relationship.

Return for Risk

IHE vs. GSKH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IHE

IHE Risk / Return Rank: 94
IHE Sharpe Ratio Rank: 94
IHE Sortino Ratio Rank: 95
IHE Omega Ratio Rank: 91
IHE Calmar Ratio Rank: 95
IHE Martin Ratio Rank: 93

GSKH

GSKH Risk / Return Rank: 56
GSKH Sharpe Ratio Rank: 59
GSKH Sortino Ratio Rank: 64
GSKH Omega Ratio Rank: 60
GSKH Calmar Ratio Rank: 57
GSKH Martin Ratio Rank: 43

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. GSKH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Pharmaceuticals ETF (IHE) and GSK plc ADRhedged ETF (GSKH). 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.

	IHE	GSKH	Difference
Sharpe ratio: Return per unit of total volatility	2.87	1.57	+1.29
Sortino ratio: Return per unit of downside risk	4.18	2.36	+1.82
Omega ratio: Gain probability vs. loss probability	1.48	1.29	+0.19
Calmar ratio: Return relative to maximum drawdown	6.11	2.24	+3.87
Martin ratio: Return relative to average drawdown	18.66	5.51	+13.14

IHE vs. GSKH - Sharpe Ratio Comparison

The current IHE Sharpe Ratio is 2.87, which is higher than the GSKH Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of IHE and GSKH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IHE vs. GSKH - Drawdown Comparison

The maximum IHE drawdown since its inception was -38.20%, which is greater than GSKH's maximum drawdown of -18.54%. Use the drawdown chart below to compare losses from any high point for IHE and GSKH.

Drawdown Indicators

	IHE	GSKH	Difference
Max Drawdown Largest peak-to-trough decline	-38.20%	-18.54%	-19.66%
Max Drawdown (1Y) Largest decline over 1 year	-8.47%	-18.54%	+10.07%
Max Drawdown (3Y) Largest decline over 3 years	-15.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.03%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.59%	—	—
Current Drawdown Current decline from peak	-3.32%	-12.26%	+8.94%
Average Drawdown Average peak-to-trough decline	-7.88%	-6.06%	-1.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	7.50%	-4.73%

Volatility

IHE vs. GSKH - Volatility Comparison

iShares U.S. Pharmaceuticals ETF (IHE) and GSK plc ADRhedged ETF (GSKH) have volatilities of 6.74% and 7.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IHE	GSKH	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.74%	7.01%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	13.69%	18.82%	-5.13%
Volatility (1Y) Calculated over the trailing 1-year period	18.09%	26.38%	-8.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.48%	26.82%	-10.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.06%	26.82%	-8.76%

IHE vs. GSKH - Expense Ratio Comparison

IHE has a 0.38% expense ratio, which is higher than GSKH's 0.19% expense ratio.

Dividends

IHE vs. GSKH - Dividend Comparison

IHE's dividend yield for the trailing twelve months is around 1.47%, less than GSKH's 2.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSKH GSK plc ADRhedged ETF	2.84%	1.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IHE iShares U.S. Pharmaceuticals ETF	1.47%	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

Can I hold both IHE and GSKH in my portfolio?

IHE and GSKH have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IHE or GSKH?

GSKH has higher volatility (7.01%) compared to IHE (6.74%). In terms of maximum drawdown, IHE dropped -38.20% vs GSKH's -18.54%.

Which ETF is better, IHE or GSKH?

On 1-year performance, IHE leads with 51.48% vs 41.25% for GSKH. On fees, GSKH is cheaper at 0.19% per year. On volatility, IHE has been the lower-risk option at 6.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IHE or GSKH?

Over the 1-year period, IHE has performed better with a 51.48% return vs 41.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IHE or GSKH?

GSKH is cheaper with a 0.19% expense ratio, compared with 0.38% for IHE.

Which ETF pays a higher dividend yield, IHE or GSKH?

GSKH has the higher dividend yield at 2.84%, compared with 1.47% for IHE.

What is the main difference between IHE and GSKH?

IHE tracks Dow Jones U.S. Select Pharmaceuticals Index, while GSKH tracks GSK plc Local Shares Total Return. They also come from different issuers: iShares and ADRhedged. Their fees differ too: 0.38% for IHE and 0.19% for GSKH.

Which has better risk-adjusted returns?

IHE currently has the higher Sharpe Ratio (2.87 vs 1.57), 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.