IHI vs. VHT
Compare and contrast key facts about iShares U.S. Medical Devices ETF (IHI) and Vanguard Health Care ETF (VHT).
IHI and VHT 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. VHT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Health Care 25/50 Index. It was launched on Jan 26, 2004. Both IHI and VHT 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 VHT.
Performance
IHI vs. VHT - Performance Comparison
Returns By Period
In the year-to-date period, IHI achieves a 11.40% return, which is significantly higher than VHT's 6.05% return. Over the past 10 years, IHI has outperformed VHT with an annualized return of 13.08%, while VHT has yielded a comparatively lower 9.33% annualized return.
IHI
11.40%
0.37%
6.16%
21.16%
7.61%
13.08%
VHT
6.05%
-5.36%
-0.87%
13.16%
8.97%
9.33%
Key characteristics
| IHI | VHT | |
|---|---|---|
| Sharpe Ratio | 1.54 | 1.22 |
| Sortino Ratio | 2.18 | 1.73 |
| Omega Ratio | 1.27 | 1.22 |
| Calmar Ratio | 0.87 | 1.41 |
| Martin Ratio | 7.00 | 5.09 |
| Ulcer Index | 3.18% | 2.70% |
| Daily Std Dev | 14.39% | 11.22% |
| Max Drawdown | -49.64% | -39.12% |
| Current Drawdown | -9.40% | -8.33% |
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IHI vs. VHT - Expense Ratio Comparison
IHI has a 0.43% expense ratio, which is higher than VHT's 0.10% expense ratio.
Correlation
The correlation between IHI and VHT is 0.86, 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.
Risk-Adjusted Performance
IHI vs. VHT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Medical Devices ETF (IHI) and Vanguard Health Care ETF (VHT). 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. VHT - Dividend Comparison
IHI's dividend yield for the trailing twelve months is around 0.44%, less than VHT's 1.46% 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% |
VHT Vanguard Health Care ETF | 1.46% | 1.36% | 1.33% | 1.14% | 1.21% | 1.89% | 1.38% | 1.31% | 1.45% | 1.22% | 1.02% | 1.12% |
Drawdowns
IHI vs. VHT - Drawdown Comparison
The maximum IHI drawdown since its inception was -49.64%, which is greater than VHT's maximum drawdown of -39.12%. Use the drawdown chart below to compare losses from any high point for IHI and VHT. For additional features, visit the drawdowns tool.
Volatility
IHI vs. VHT - Volatility Comparison
The current volatility for iShares U.S. Medical Devices ETF (IHI) is 3.42%, while Vanguard Health Care ETF (VHT) has a volatility of 3.97%. This indicates that IHI experiences smaller price fluctuations and is considered to be less risky than VHT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.