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IHI vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between IHI and SPY is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.0
Correlation: 0.8

Performance

IHI vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Medical Devices ETF (IHI) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

400.00%500.00%600.00%700.00%800.00%NovemberDecember2025FebruaryMarchApril
672.30%
494.36%
IHI
SPY

Key characteristics

Sharpe Ratio

IHI:

0.43

SPY:

0.51

Sortino Ratio

IHI:

0.70

SPY:

0.86

Omega Ratio

IHI:

1.10

SPY:

1.13

Calmar Ratio

IHI:

0.43

SPY:

0.55

Martin Ratio

IHI:

1.83

SPY:

2.26

Ulcer Index

IHI:

4.22%

SPY:

4.55%

Daily Std Dev

IHI:

18.13%

SPY:

20.08%

Max Drawdown

IHI:

-49.64%

SPY:

-55.19%

Current Drawdown

IHI:

-9.83%

SPY:

-9.89%

Returns By Period

In the year-to-date period, IHI achieves a 2.07% return, which is significantly higher than SPY's -5.76% return. Both investments have delivered pretty close results over the past 10 years, with IHI having a 12.11% annualized return and SPY not far behind at 11.99%.


IHI

YTD

2.07%

1M

-0.72%

6M

1.18%

1Y

8.20%

5Y*

7.13%

10Y*

12.11%

SPY

YTD

-5.76%

1M

-3.16%

6M

-4.30%

1Y

10.76%

5Y*

15.96%

10Y*

11.99%

*Annualized

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IHI vs. SPY - Expense Ratio Comparison

IHI has a 0.43% expense ratio, which is higher than SPY's 0.09% expense ratio.


Expense ratio chart for IHI: current value is 0.43%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
IHI: 0.43%
Expense ratio chart for SPY: current value is 0.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPY: 0.09%

Risk-Adjusted Performance

IHI vs. SPY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IHI
The Risk-Adjusted Performance Rank of IHI is 5252
Overall Rank
The Sharpe Ratio Rank of IHI is 5050
Sharpe Ratio Rank
The Sortino Ratio Rank of IHI is 5050
Sortino Ratio Rank
The Omega Ratio Rank of IHI is 5151
Omega Ratio Rank
The Calmar Ratio Rank of IHI is 5555
Calmar Ratio Rank
The Martin Ratio Rank of IHI is 5656
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6161
Overall Rank
The Sharpe Ratio Rank of SPY is 5757
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 5858
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6161
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6464
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6363
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

IHI vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Medical Devices ETF (IHI) and SPDR S&P 500 ETF (SPY). 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.


The chart of Sharpe ratio for IHI, currently valued at 0.43, compared to the broader market-1.000.001.002.003.004.00
IHI: 0.43
SPY: 0.51
The chart of Sortino ratio for IHI, currently valued at 0.70, compared to the broader market-2.000.002.004.006.008.00
IHI: 0.70
SPY: 0.86
The chart of Omega ratio for IHI, currently valued at 1.10, compared to the broader market0.501.001.502.002.50
IHI: 1.10
SPY: 1.13
The chart of Calmar ratio for IHI, currently valued at 0.43, compared to the broader market0.002.004.006.008.0010.0012.00
IHI: 0.43
SPY: 0.55
The chart of Martin ratio for IHI, currently valued at 1.83, compared to the broader market0.0020.0040.0060.00
IHI: 1.83
SPY: 2.26

The current IHI Sharpe Ratio is 0.43, which is comparable to the SPY Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of IHI and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.43
0.51
IHI
SPY

Dividends

IHI vs. SPY - Dividend Comparison

IHI's dividend yield for the trailing twelve months is around 0.46%, less than SPY's 1.30% yield.


TTM20242023202220212020201920182017201620152014
IHI
iShares U.S. Medical Devices ETF
0.46%0.46%0.53%0.45%0.25%0.25%0.33%0.26%0.37%0.55%1.28%0.65%
SPY
SPDR S&P 500 ETF
1.30%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

IHI vs. SPY - Drawdown Comparison

The maximum IHI drawdown since its inception was -49.64%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IHI and SPY. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-9.83%
-9.89%
IHI
SPY

Volatility

IHI vs. SPY - Volatility Comparison

The current volatility for iShares U.S. Medical Devices ETF (IHI) is 12.10%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that IHI experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
12.10%
15.12%
IHI
SPY