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.
Key characteristics
| IHI | SPD | |
|---|---|---|
| YTD Return | 3.50% | 8.78% |
| 1Y Return | 0.99% | 23.50% |
| 3Y Return (Ann) | -0.26% | 3.55% |
| 5Y Return (Ann) | 8.95% | -2.79% |
| 10Y Return (Ann) | 13.69% | -2.79% |
| Sharpe Ratio | 0.05 | 2.24 |
| Daily Std Dev | 15.91% | 10.51% |
| Max Drawdown | -49.64% | -58.63% |
| Current Drawdown | -15.82% | -9.87% |
Correlation
The correlation between IHI and SPD is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IHI vs. SPD - Performance Comparison
In the year-to-date period, IHI achieves a 3.50% return, which is significantly lower than SPD's 8.78% return. Over the past 10 years, IHI has outperformed SPD with an annualized return of 13.69%, while SPD has yielded a comparatively lower -2.79% 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. SPD - Expense Ratio Comparison
IHI has a 0.43% expense ratio, which is higher than SPD's 0.28% expense ratio.
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 0.53%, less than SPD's 1.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHI iShares U.S. Medical Devices ETF | 0.53% | 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 | 1.82% | 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%, smaller than the maximum SPD drawdown of -58.63%. 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
iShares U.S. Medical Devices ETF (IHI) has a higher volatility of 4.17% compared to Simplify US Equity PLUS Downside Convexity ETF (SPD) at 3.52%. This indicates that IHI's price experiences larger fluctuations and is considered to be riskier than SPD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.