IHI vs. VOO
Compare and contrast key facts about iShares U.S. Medical Devices ETF (IHI) and Vanguard S&P 500 ETF (VOO).
IHI and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both IHI and VOO 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 VOO.
Key characteristics
| IHI | VOO | |
|---|---|---|
| YTD Return | 3.69% | 9.19% |
| 1Y Return | 0.34% | 27.28% |
| 3Y Return (Ann) | -0.77% | 8.68% |
| 5Y Return (Ann) | 8.96% | 14.46% |
| 10Y Return (Ann) | 13.82% | 12.76% |
| Sharpe Ratio | 0.01 | 2.36 |
| Daily Std Dev | 15.83% | 11.57% |
| Max Drawdown | -49.64% | -33.99% |
| Current Drawdown | -15.67% | -1.24% |
Correlation
The correlation between IHI and VOO 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.
Performance
IHI vs. VOO - Performance Comparison
In the year-to-date period, IHI achieves a 3.69% return, which is significantly lower than VOO's 9.19% return. Over the past 10 years, IHI has outperformed VOO with an annualized return of 13.82%, while VOO has yielded a comparatively lower 12.76% 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. VOO - Expense Ratio Comparison
IHI has a 0.43% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
IHI vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Medical Devices ETF (IHI) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
IHI's dividend yield for the trailing twelve months is around 0.53%, less than VOO's 1.35% 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% |
VOO Vanguard S&P 500 ETF | 1.35% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
IHI vs. VOO - Drawdown Comparison
The maximum IHI drawdown since its inception was -49.64%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for IHI and VOO. For additional features, visit the drawdowns tool.
Volatility
IHI vs. VOO - Volatility Comparison
iShares U.S. Medical Devices ETF (IHI) and Vanguard S&P 500 ETF (VOO) have volatilities of 4.08% and 4.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.