IHI vs. EW
Compare and contrast key facts about iShares U.S. Medical Devices ETF (IHI) and Edwards Lifesciences Corporation (EW).
IHI is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Medical Equipment Index. It was launched on May 5, 2006.
Performance
IHI vs. EW - Performance Comparison
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IHI vs. EW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IHI iShares U.S. Medical Devices ETF | -13.96% | 6.88% | 8.62% | 3.24% | -19.80% | 21.03% | 24.17% | 32.75% | 15.45% | 30.81% |
EW Edwards Lifesciences Corporation | -4.68% | 15.16% | -2.91% | 2.20% | -42.41% | 42.00% | 17.32% | 52.31% | 35.90% | 20.29% |
Returns By Period
In the year-to-date period, IHI achieves a -13.96% return, which is significantly lower than EW's -4.68% return. Both investments have delivered pretty close results over the past 10 years, with IHI having a 10.42% annualized return and EW not far ahead at 10.49%.
IHI
- 1D
- 0.15%
- 1M
- -10.33%
- YTD
- -13.96%
- 6M
- -10.09%
- 1Y
- -10.56%
- 3Y*
- 0.13%
- 5Y*
- -0.17%
- 10Y*
- 10.42%
EW
- 1D
- 1.47%
- 1M
- -6.79%
- YTD
- -4.68%
- 6M
- 6.49%
- 1Y
- 13.07%
- 3Y*
- -0.60%
- 5Y*
- -0.62%
- 10Y*
- 10.49%
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Return for Risk
IHI vs. EW — Risk / Return Rank
IHI
EW
IHI vs. EW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Medical Devices ETF (IHI) and Edwards Lifesciences Corporation (EW). 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.
| IHI | EW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.56 | 0.55 | -1.11 |
Sortino ratioReturn per unit of downside risk | -0.69 | 0.98 | -1.67 |
Omega ratioGain probability vs. loss probability | 0.92 | 1.11 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | -0.60 | 0.95 | -1.55 |
Martin ratioReturn relative to average drawdown | -1.88 | 2.63 | -4.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IHI | EW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.56 | 0.55 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | -0.02 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.32 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.51 | -0.02 |
Correlation
The correlation between IHI and EW is 0.63, 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.
Dividends
IHI vs. EW - Dividend Comparison
IHI's dividend yield for the trailing twelve months is around 0.42%, while EW has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHI iShares U.S. Medical Devices ETF | 0.42% | 0.34% | 0.46% | 0.53% | 0.45% | 0.25% | 0.25% | 0.33% | 0.26% | 0.37% | 0.55% | 1.28% |
EW Edwards Lifesciences Corporation | 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
IHI vs. EW - Drawdown Comparison
The maximum IHI drawdown since its inception was -49.65%, smaller than the maximum EW drawdown of -54.32%. Use the drawdown chart below to compare losses from any high point for IHI and EW.
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Drawdown Indicators
| IHI | EW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.65% | -54.32% | +4.67% |
Max Drawdown (1Y)Largest decline over 1 year | -18.27% | -12.73% | -5.54% |
Max Drawdown (5Y)Largest decline over 5 years | -33.12% | -54.32% | +21.20% |
Max Drawdown (10Y)Largest decline over 10 years | -33.25% | -54.32% | +21.07% |
Current DrawdownCurrent decline from peak | -18.76% | -37.82% | +19.06% |
Average DrawdownAverage peak-to-trough decline | -8.20% | -14.31% | +6.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.79% | 4.61% | +1.18% |
Volatility
IHI vs. EW - Volatility Comparison
The current volatility for iShares U.S. Medical Devices ETF (IHI) is 5.24%, while Edwards Lifesciences Corporation (EW) has a volatility of 7.95%. This indicates that IHI experiences smaller price fluctuations and is considered to be less risky than EW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHI | EW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 7.95% | -2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 11.23% | 17.43% | -6.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.89% | 24.02% | -5.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.74% | 32.49% | -13.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.63% | 32.59% | -12.96% |