IHI vs. PBPH
IHI (iShares U.S. Medical Devices ETF) and PBPH (Portfolio Building Block World Pharma and Biotech Index ETF) are both Health & Biotech Equities funds - IHI tracks the Dow Jones U.S. Select Medical Equipment Index while PBPH tracks the BITA Global Pharma and Biotech Select Index. Both are passively managed. At a 0.41 correlation, their price movements are largely independent. IHI charges 0.43%/yr vs 0.13%/yr for PBPH.
Performance
IHI vs. PBPH - Performance Comparison
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Returns By Period
In the year-to-date period, IHI achieves a -21.85% return, which is significantly lower than PBPH's -1.13% 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%
PBPH
- 1D
- 0.58%
- 1M
- 0.07%
- YTD
- -1.13%
- 6M
- -0.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IHI vs. PBPH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IHI iShares U.S. Medical Devices ETF | -21.85% | -3.50% |
PBPH Portfolio Building Block World Pharma and Biotech Index ETF | -1.13% | 0.76% |
Correlation
The correlation between IHI and PBPH is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025 | 0.41 |
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Return for Risk
IHI vs. PBPH — Risk / Return Rank
IHI
PBPH
IHI vs. PBPH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Medical Devices ETF (IHI) and Portfolio Building Block World Pharma and Biotech Index ETF (PBPH). 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 | PBPH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.80 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | — | — |
| Martin ratioReturn relative to average drawdown | -2.09 | — | — |
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 | PBPH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.28 | — | — |
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 | -0.04 | +0.51 |
Drawdowns
IHI vs. PBPH - Drawdown Comparison
The maximum IHI drawdown since its inception was -49.65%, which is greater than PBPH's maximum drawdown of -11.10%. Use the drawdown chart below to compare losses from any high point for IHI and PBPH.
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Drawdown Indicators
| IHI | PBPH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.65% | -11.10% | -38.55% |
Max Drawdown (1Y)Largest decline over 1 year | -26.11% | — | — |
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% | -8.69% | -17.52% |
Average DrawdownAverage peak-to-trough decline | -8.32% | -4.23% | -4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.19% | — | — |
Volatility
IHI vs. PBPH - Volatility Comparison
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Volatility by Period
| IHI | PBPH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 16.78% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.95% | 16.78% | +2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.78% | 16.78% | +3.00% |
IHI vs. PBPH - Expense Ratio Comparison
IHI has a 0.43% expense ratio, which is higher than PBPH's 0.13% expense ratio.
Dividends
IHI vs. PBPH - Dividend Comparison
IHI's dividend yield for the trailing twelve months is around 0.46%, more than PBPH's 0.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PBPH Portfolio Building Block World Pharma and Biotech Index ETF | 0.09% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IHI and PBPH have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PBPH is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PBPH is cheaper with a 0.13% expense ratio, compared with 0.43% for IHI.
IHI has the higher dividend yield at 0.46%, compared with 0.09% for PBPH.
IHI tracks Dow Jones U.S. Select Medical Equipment Index, while PBPH tracks BITA Global Pharma and Biotech Select Index. They also come from different issuers: iShares and Portfolio Building Block. Their fees differ too: 0.43% for IHI and 0.13% for PBPH.
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