IHE vs. UNHW

Last updated Aug 4, 2026

IHE (iShares U.S. Pharmaceuticals ETF) and UNHW (Roundhill UNH WeeklyPay ETF) are both exchange-traded funds - IHE is a Health & Biotech Equities fund tracking the Dow Jones U.S. Select Pharmaceuticals Index, while UNHW is a Leveraged Equities fund actively managed by Roundhill. IHE is passively managed, while UNHW is actively managed. Their 0.24 correlation means their historical movements had little consistent relationship. IHE charges 0.38%/yr vs 0.99%/yr for UNHW.

Performance

IHE vs. UNHW - Performance Comparison

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

Returns By Period

In the year-to-date period, IHE achieves a 19.36% return, which is significantly lower than UNHW's 28.89% return.

IHE

• 1D: -0.98%
• 1M: -0.34%
• 6M: 15.00%
• YTD: 19.36%
• 1Y: 53.32%
• 3Y*: 20.74%
• 5Y*: 11.16%
• 10Y*: 8.45%
• ALL TIME*: 10.88%

UNHW

• 1D: 0.09%
• 1M: -2.71%
• 6M: 54.46%
• YTD: 28.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IHE iShares U.S. Pharmaceuticals ETF	$35.28M	$36.00M	$20.48M
UNHW Roundhill UNH WeeklyPay ETF	$423.60K	$609.21K	$366.99K

IHE vs. UNHW - Yearly Performance Comparison

	2026 (YTD)	2025
IHE iShares U.S. Pharmaceuticals ETF	19.36%	2.48%
UNHW Roundhill UNH WeeklyPay ETF	28.89%	1.54%

Correlation

The correlation between IHE and UNHW is 0.24, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025	0.24

Return for Risk

IHE vs. UNHW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IHE

IHE Risk / Return Rank: 95
IHE Sharpe Ratio Rank: 96
IHE Sortino Ratio Rank: 96
IHE Omega Ratio Rank: 94
IHE Calmar Ratio Rank: 96
IHE Martin Ratio Rank: 94

UNHW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IHE vs. UNHW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Pharmaceuticals ETF (IHE) and Roundhill UNH WeeklyPay ETF (UNHW). 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	UNHW	Difference
Sharpe ratio: Return per unit of total volatility	3.01	—	—
Sortino ratio: Return per unit of downside risk	4.38	—	—
Omega ratio: Gain probability vs. loss probability	1.50	—	—
Calmar ratio: Return relative to maximum drawdown	6.33	—	—
Martin ratio: Return relative to average drawdown	19.45	—	—

Drawdowns

IHE vs. UNHW - Drawdown Comparison

The maximum IHE drawdown since its inception was -38.20%, which is greater than UNHW's maximum drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for IHE and UNHW.

Drawdown Indicators

	IHE	UNHW	Difference
Max Drawdown Largest peak-to-trough decline	-38.20%	-32.28%	-5.92%
Max Drawdown (1Y) Largest decline over 1 year	-8.47%	—	—
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	-3.21%	-5.84%	+2.63%
Average Drawdown Average peak-to-trough decline	-7.86%	-9.80%	+1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	—	—

Volatility

Volatility by Period

	IHE	UNHW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.83%	46.31%	-28.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.52%	46.31%	-29.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.08%	46.31%	-28.23%

IHE vs. UNHW - Expense Ratio Comparison

IHE has a 0.38% expense ratio, which is lower than UNHW's 0.99% expense ratio.

Dividends

IHE vs. UNHW - Dividend Comparison

IHE's dividend yield for the trailing twelve months is around 1.46%, less than UNHW's 22.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IHE iShares U.S. Pharmaceuticals ETF	1.46%	1.76%	1.73%	1.39%	2.01%	1.49%	1.19%	1.40%	1.25%	1.36%	0.92%	1.93%
UNHW Roundhill UNH WeeklyPay ETF	22.57%	2.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IHE and UNHW in my portfolio?

IHE and UNHW have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IHE or UNHW?

On fees, IHE is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IHE or UNHW?

IHE is cheaper with a 0.38% expense ratio, compared with 0.99% for UNHW.

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

UNHW has the higher dividend yield at 22.57%, compared with 1.46% for IHE.

What is the main difference between IHE and UNHW?

IHE is categorized as Health & Biotech Equities, while UNHW is Leveraged Equities. They also come from different issuers: iShares and Roundhill. Their fees differ too: 0.38% for IHE and 0.99% for UNHW.