IHI vs. SPD
Compare and contrast key facts about iShares U.S. Medical Devices ETF (IHI) and Simplify US Equity PLUS Downside Convexity ETF (SPD).
IHI and SPD 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. SPD is an actively managed fund by Simplify Asset Management Inc.. It was launched on Sep 3, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IHI or SPD.
Performance
IHI vs. SPD - Performance Comparison
Returns By Period
In the year-to-date period, IHI achieves a 11.41% return, which is significantly lower than SPD's 19.79% return.
IHI
11.41%
-0.58%
6.63%
22.24%
7.61%
13.09%
SPD
19.79%
0.63%
8.13%
25.38%
N/A
N/A
Key characteristics
| IHI | SPD | |
|---|---|---|
| Sharpe Ratio | 1.65 | 2.41 |
| Sortino Ratio | 2.31 | 3.33 |
| Omega Ratio | 1.29 | 1.43 |
| Calmar Ratio | 0.92 | 1.74 |
| Martin Ratio | 7.49 | 13.63 |
| Ulcer Index | 3.17% | 1.93% |
| Daily Std Dev | 14.44% | 10.91% |
| Max Drawdown | -49.64% | -27.38% |
| Current Drawdown | -9.38% | -1.64% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IHI vs. SPD - Expense Ratio Comparison
IHI has a 0.43% expense ratio, which is higher than SPD's 0.28% expense ratio.
Correlation
The correlation between IHI and SPD is 0.66, 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.
Risk-Adjusted Performance
IHI vs. SPD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Medical Devices ETF (IHI) and Simplify US Equity PLUS Downside Convexity ETF (SPD). 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. SPD - Dividend Comparison
IHI's dividend yield for the trailing twelve months is around 0.44%, less than SPD's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHI iShares U.S. Medical Devices ETF | 0.44% | 0.53% | 0.45% | 0.25% | 0.25% | 0.33% | 0.26% | 0.37% | 0.55% | 1.28% | 0.65% | 0.33% |
SPD Simplify US Equity PLUS Downside Convexity ETF | 1.28% | 1.91% | 1.65% | 0.88% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IHI vs. SPD - Drawdown Comparison
The maximum IHI drawdown since its inception was -49.64%, which is greater than SPD's maximum drawdown of -27.38%. Use the drawdown chart below to compare losses from any high point for IHI and SPD. For additional features, visit the drawdowns tool.
Volatility
IHI vs. SPD - Volatility Comparison
The current volatility for iShares U.S. Medical Devices ETF (IHI) is 3.44%, while Simplify US Equity PLUS Downside Convexity ETF (SPD) has a volatility of 3.89%. This indicates that IHI experiences smaller price fluctuations and is considered to be less risky than SPD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.