IHF vs. MDEV
Compare and contrast key facts about iShares U.S. Healthcare Providers ETF (IHF) and First Trust Indxx Medical Devices ETF (MDEV).
IHF and MDEV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IHF is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Health Care Providers Index. It was launched on May 5, 2006. MDEV is a passively managed fund by First Trust that tracks the performance of the Indxx Global Medical Equipment Index. It was launched on Jun 22, 2021. Both IHF and MDEV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IHF or MDEV.
Key characteristics
| IHF | MDEV | |
|---|---|---|
| YTD Return | 4.75% | 7.27% |
| 1Y Return | 10.76% | 25.65% |
| 3Y Return (Ann) | -0.13% | -6.66% |
| Sharpe Ratio | 0.68 | 1.76 |
| Sortino Ratio | 1.02 | 2.59 |
| Omega Ratio | 1.14 | 1.31 |
| Calmar Ratio | 0.64 | 0.64 |
| Martin Ratio | 2.64 | 6.85 |
| Ulcer Index | 3.76% | 3.66% |
| Daily Std Dev | 14.60% | 14.24% |
| Max Drawdown | -58.82% | -42.34% |
| Current Drawdown | -6.48% | -22.68% |
Correlation
The correlation between IHF and MDEV is 0.60, 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.
Performance
IHF vs. MDEV - Performance Comparison
In the year-to-date period, IHF achieves a 4.75% return, which is significantly lower than MDEV's 7.27% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IHF vs. MDEV - Expense Ratio Comparison
IHF has a 0.43% expense ratio, which is lower than MDEV's 0.70% expense ratio.
Risk-Adjusted Performance
IHF vs. MDEV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Healthcare Providers ETF (IHF) and First Trust Indxx Medical Devices ETF (MDEV). 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.
Dividends
IHF vs. MDEV - Dividend Comparison
IHF's dividend yield for the trailing twelve months is around 0.74%, while MDEV has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHF iShares U.S. Healthcare Providers ETF | 0.74% | 0.79% | 1.27% | 0.56% | 0.53% | 0.58% | 4.01% | 0.19% | 0.25% | 0.20% | 0.18% | 0.23% |
MDEV First Trust Indxx Medical Devices ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IHF vs. MDEV - Drawdown Comparison
The maximum IHF drawdown since its inception was -58.82%, which is greater than MDEV's maximum drawdown of -42.34%. Use the drawdown chart below to compare losses from any high point for IHF and MDEV. For additional features, visit the drawdowns tool.
Volatility
IHF vs. MDEV - Volatility Comparison
iShares U.S. Healthcare Providers ETF (IHF) has a higher volatility of 6.35% compared to First Trust Indxx Medical Devices ETF (MDEV) at 3.53%. This indicates that IHF's price experiences larger fluctuations and is considered to be riskier than MDEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.