IHI vs. IHF
Compare and contrast key facts about iShares U.S. Medical Devices ETF (IHI) and iShares U.S. Healthcare Providers ETF (IHF).
IHI and IHF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both IHI and IHF 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: IHI or IHF.
Key characteristics
| IHI | IHF | |
|---|---|---|
| YTD Return | 2.24% | -0.13% |
| 1Y Return | -0.04% | 7.16% |
| 3Y Return (Ann) | -1.23% | 2.98% |
| 5Y Return (Ann) | 8.69% | 13.92% |
| 10Y Return (Ann) | 13.65% | 15.70% |
| Sharpe Ratio | -0.07 | 0.48 |
| Daily Std Dev | 15.89% | 13.91% |
| Max Drawdown | -49.64% | -58.82% |
| Current Drawdown | -16.84% | -4.22% |
Correlation
The correlation between IHI and IHF is 0.68, 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
IHI vs. IHF - Performance Comparison
In the year-to-date period, IHI achieves a 2.24% return, which is significantly higher than IHF's -0.13% return. Over the past 10 years, IHI has underperformed IHF with an annualized return of 13.65%, while IHF has yielded a comparatively higher 15.70% annualized 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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IHI vs. IHF - Expense Ratio Comparison
Both IHI and IHF have an expense ratio of 0.43%.
Risk-Adjusted Performance
IHI vs. IHF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Medical Devices ETF (IHI) and iShares U.S. Healthcare Providers ETF (IHF). 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
IHI vs. IHF - Dividend Comparison
IHI's dividend yield for the trailing twelve months is around 0.54%, less than IHF's 3.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHI iShares U.S. Medical Devices ETF | 0.54% | 0.53% | 0.45% | 0.25% | 0.25% | 0.33% | 0.26% | 0.37% | 0.55% | 1.28% | 0.65% | 0.33% |
IHF iShares U.S. Healthcare Providers ETF | 3.23% | 3.96% | 6.35% | 2.82% | 2.67% | 2.90% | 20.03% | 0.95% | 1.27% | 1.02% | 0.91% | 1.17% |
Drawdowns
IHI vs. IHF - Drawdown Comparison
The maximum IHI drawdown since its inception was -49.64%, smaller than the maximum IHF drawdown of -58.82%. Use the drawdown chart below to compare losses from any high point for IHI and IHF. For additional features, visit the drawdowns tool.
Volatility
IHI vs. IHF - Volatility Comparison
iShares U.S. Medical Devices ETF (IHI) has a higher volatility of 4.05% compared to iShares U.S. Healthcare Providers ETF (IHF) at 3.25%. This indicates that IHI's price experiences larger fluctuations and is considered to be riskier than IHF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.