IHI vs. IBIT
IHI (iShares U.S. Medical Devices ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IHI is a Health & Biotech Equities fund tracking the Dow Jones U.S. Select Medical Equipment Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, IHI returned -21.27% vs -38.74% for IBIT. At a 0.19 correlation, their price movements are largely independent. IHI charges 0.43%/yr vs 0.25%/yr for IBIT.
Performance
IHI vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IHI achieves a -21.85% return, which is significantly higher than IBIT's -25.48% return.
IHI
- 1D
- 0.71%
- 1M
- -2.80%
- YTD
- -21.85%
- 6M
- -23.10%
- 1Y
- -21.27%
- 3Y*
- -3.06%
- 5Y*
- -2.49%
- 10Y*
- 8.60%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IHI vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IHI iShares U.S. Medical Devices ETF | -21.85% | 6.88% | 5.83% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between IHI and IBIT is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.19 |
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Return for Risk
IHI vs. IBIT — Risk / Return Rank
IHI
IBIT
IHI vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Medical Devices ETF (IHI) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 0.86 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.79 | -0.03 |
| Martin ratioReturn relative to average drawdown | -2.09 | -1.36 | -0.73 |
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 | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.28 | -0.89 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.30 | +0.17 |
Drawdowns
IHI vs. IBIT - Drawdown Comparison
The maximum IHI drawdown since its inception was -49.65%, roughly equal to the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for IHI and IBIT.
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Drawdown Indicators
| IHI | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.65% | -49.36% | -0.29% |
Max Drawdown (1Y)Largest decline over 1 year | -26.11% | -49.36% | +23.25% |
Max Drawdown (3Y)Largest decline over 3 years | -26.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.25% | — | — |
Current DrawdownCurrent decline from peak | -26.21% | -48.10% | +21.89% |
Average DrawdownAverage peak-to-trough decline | -8.32% | -16.02% | +7.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.19% | 28.44% | -18.25% |
Volatility
IHI vs. IBIT - Volatility Comparison
The current volatility for iShares U.S. Medical Devices ETF (IHI) is 6.40%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that IHI experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHI | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 9.50% | -3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 34.44% | -21.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 43.73% | -27.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.95% | 50.19% | -31.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.78% | 50.19% | -30.41% |
IHI vs. IBIT - Expense Ratio Comparison
IHI has a 0.43% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
IHI vs. IBIT - Dividend Comparison
IHI's dividend yield for the trailing twelve months is around 0.46%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust 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% |
IHI iShares U.S. Medical Devices ETF | 0.46% | 0.34% | 0.46% | 0.53% | 0.45% | 0.25% | 0.25% | 0.33% | 0.26% | 0.37% | 0.55% | 1.28% |
Frequently Asked Questions
IHI and IBIT have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.50%) compared to IHI (6.40%). In terms of maximum drawdown, IHI dropped -49.65% vs IBIT's -49.36%.
On 1-year performance, IHI leads with -21.27% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IHI has been the lower-risk option at 6.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IHI has performed better with a -21.27% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.43% for IHI.
IHI has the higher dividend yield at 0.46%, compared with 0.00% for IBIT.
IHI is categorized as Health & Biotech Equities, while IBIT is Cryptocurrency. IHI tracks Dow Jones U.S. Select Medical Equipment Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.43% for IHI and 0.25% for IBIT.
IBIT currently has the higher Sharpe Ratio (-0.89 vs -1.28), 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.
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