IHF vs. IBMO
IHF (iShares U.S. Healthcare Providers ETF) and IBMO (iShares iBonds Dec 2026 Term Muni Bond ETF) are both exchange-traded funds - IHF is a Health & Biotech Equities fund tracking the Dow Jones U.S. Select Health Care Providers Index, while IBMO is a Municipal Bonds fund tracking the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2026 Index. Both are passively managed. Over the past 5 years, IHF returned 0.85%/yr vs 0.72%/yr for IBMO. At a 0.00 correlation, their price movements are largely independent. IHF charges 0.43%/yr vs 0.18%/yr for IBMO.
Performance
IHF vs. IBMO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IHF achieves a 11.55% return, which is significantly higher than IBMO's 1.03% return.
IHF
- 1D
- 0.74%
- 1M
- 5.23%
- YTD
- 11.55%
- 6M
- 12.02%
- 1Y
- 14.30%
- 3Y*
- 2.85%
- 5Y*
- 0.85%
- 10Y*
- 8.88%
IBMO
- 1D
- 0.02%
- 1M
- 0.19%
- YTD
- 1.03%
- 6M
- 1.02%
- 1Y
- 2.62%
- 3Y*
- 2.80%
- 5Y*
- 0.72%
- 10Y*
- —
IHF vs. IBMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IHF iShares U.S. Healthcare Providers ETF | 11.55% | 0.92% | -7.90% | -1.11% | -7.11% | 24.46% | 17.67% | 20.09% |
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 1.03% | 3.11% | 1.97% | 2.90% | -5.36% | -0.16% | 5.48% | 4.69% |
Correlation
The correlation between IHF and IBMO is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2019 | 0.00 |
The correlation between IHF and IBMO shifts across timeframes, from -0.07 (1 year) to 0.05 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IHF vs. IBMO — Risk / Return Rank
IHF
IBMO
IHF vs. IBMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Healthcare Providers ETF (IHF) and iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO). 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.
| IHF | IBMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.88 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.49 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 6.95 | -6.22 |
| Martin ratioReturn relative to average drawdown | 1.68 | 20.64 | -18.96 |
Loading charts...
Drawdowns
IHF vs. IBMO - Drawdown Comparison
The maximum IHF drawdown since its inception was -58.42%, which is greater than IBMO's maximum drawdown of -14.77%. Use the drawdown chart below to compare losses from any high point for IHF and IBMO.
Loading charts...
Drawdown Indicators
| IHF | IBMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.42% | -14.77% | -43.65% |
Max Drawdown (1Y)Largest decline over 1 year | -19.72% | -0.38% | -19.34% |
Max Drawdown (3Y)Largest decline over 3 years | -29.85% | -1.76% | -28.09% |
Max Drawdown (5Y)Largest decline over 5 years | -29.85% | -8.86% | -20.99% |
Max Drawdown (10Y)Largest decline over 10 years | -35.23% | — | — |
Current DrawdownCurrent decline from peak | -7.44% | 0.00% | -7.44% |
Average DrawdownAverage peak-to-trough decline | -10.64% | -2.31% | -8.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.51% | 0.13% | +8.38% |
Volatility
IHF vs. IBMO - Volatility Comparison
iShares U.S. Healthcare Providers ETF (IHF) has a higher volatility of 5.27% compared to iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) at 0.22%. This indicates that IHF's price experiences larger fluctuations and is considered to be riskier than IBMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IHF | IBMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.27% | 0.22% | +5.05% |
Volatility (6M)Calculated over the trailing 6-month period | 16.10% | 0.79% | +15.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.90% | 1.10% | +20.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.17% | 2.14% | +17.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 4.50% | +16.52% |
IHF vs. IBMO - Expense Ratio Comparison
IHF has a 0.43% expense ratio, which is higher than IBMO's 0.18% expense ratio.
Dividends
IHF vs. IBMO - Dividend Comparison
IHF's dividend yield for the trailing twelve months is around 0.98%, less than IBMO's 2.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 2.39% | 2.37% | 2.15% | 1.65% | 0.89% | 0.62% | 1.03% | 1.01% | 0.00% | 0.00% | 0.00% | 0.00% |
IHF iShares U.S. Healthcare Providers ETF | 0.98% | 1.05% | 0.86% | 0.79% | 0.74% | 0.56% | 0.53% | 0.58% | 4.01% | 0.19% | 0.25% | 0.20% |
Frequently Asked Questions
IHF and IBMO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IHF has higher volatility (5.27%) compared to IBMO (0.22%). In terms of maximum drawdown, IHF dropped -58.42% vs IBMO's -14.77%.
On 5-year performance, IHF leads with 0.85% vs 0.72% for IBMO. On fees, IBMO is cheaper at 0.18% per year. On volatility, IBMO has been the lower-risk option at 0.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IHF has performed better with a 0.85% return vs 0.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBMO is cheaper with a 0.18% expense ratio, compared with 0.43% for IHF.
IBMO has the higher dividend yield at 2.39%, compared with 0.98% for IHF.
IHF is categorized as Health & Biotech Equities, while IBMO is Municipal Bonds. IHF tracks Dow Jones U.S. Select Health Care Providers Index, while IBMO tracks S&P AMT-Free Municipal Series Callable-Adjusted Dec 2026 Index. Their fees differ too: 0.43% for IHF and 0.18% for IBMO.
IBMO currently has the higher Sharpe Ratio (2.39 vs 0.66), 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.
Find the right allocation for IHF and IBMO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer