IHI vs. XBI
Compare and contrast key facts about iShares U.S. Medical Devices ETF (IHI) and SPDR S&P Biotech ETF (XBI).
IHI and XBI 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. XBI is a passively managed fund by State Street that tracks the performance of the S&P Biotechnology Select Industry Index. It was launched on Feb 6, 2006. Both IHI and XBI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IHI vs. XBI - Performance Comparison
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IHI vs. XBI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IHI iShares U.S. Medical Devices ETF | -14.27% | 6.88% | 8.62% | 3.24% | -19.80% | 21.03% | 24.17% | 32.75% | 15.45% | 30.81% |
XBI SPDR S&P Biotech ETF | 5.77% | 35.89% | 1.01% | 7.60% | -25.87% | -20.45% | 48.33% | 32.56% | -15.28% | 43.77% |
Returns By Period
In the year-to-date period, IHI achieves a -14.27% return, which is significantly lower than XBI's 5.77% return. Over the past 10 years, IHI has outperformed XBI with an annualized return of 10.23%, while XBI has yielded a comparatively lower 9.28% annualized return.
IHI
- 1D
- -0.36%
- 1M
- -9.69%
- YTD
- -14.27%
- 6M
- -11.03%
- 1Y
- -11.38%
- 3Y*
- 0.19%
- 5Y*
- -0.24%
- 10Y*
- 10.23%
XBI
- 1D
- 0.32%
- 1M
- 4.42%
- YTD
- 5.77%
- 6M
- 26.12%
- 1Y
- 60.61%
- 3Y*
- 18.94%
- 5Y*
- -1.10%
- 10Y*
- 9.28%
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IHI vs. XBI - Expense Ratio Comparison
IHI has a 0.43% expense ratio, which is higher than XBI's 0.35% expense ratio.
Return for Risk
IHI vs. XBI — Risk / Return Rank
IHI
XBI
IHI vs. XBI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Medical Devices ETF (IHI) and SPDR S&P Biotech ETF (XBI). 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.
| IHI | XBI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.61 | 2.13 | -2.74 |
Sortino ratioReturn per unit of downside risk | -0.76 | 2.83 | -3.60 |
Omega ratioGain probability vs. loss probability | 0.91 | 1.36 | -0.45 |
Calmar ratioReturn relative to maximum drawdown | -0.60 | 4.90 | -5.50 |
Martin ratioReturn relative to average drawdown | -1.85 | 17.98 | -19.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IHI | XBI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.61 | 2.13 | -2.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | -0.03 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.29 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.36 | +0.13 |
Correlation
The correlation between IHI and XBI is 0.62, 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.
Dividends
IHI vs. XBI - Dividend Comparison
IHI's dividend yield for the trailing twelve months is around 0.42%, more than XBI's 0.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHI iShares U.S. Medical Devices ETF | 0.42% | 0.34% | 0.46% | 0.53% | 0.45% | 0.25% | 0.25% | 0.33% | 0.26% | 0.37% | 0.55% | 1.28% |
XBI SPDR S&P Biotech ETF | 0.34% | 0.37% | 0.15% | 0.02% | 0.00% | 0.04% | 0.20% | 0.00% | 0.28% | 0.24% | 0.26% | 0.61% |
Drawdowns
IHI vs. XBI - Drawdown Comparison
The maximum IHI drawdown since its inception was -49.65%, smaller than the maximum XBI drawdown of -63.89%. Use the drawdown chart below to compare losses from any high point for IHI and XBI.
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Drawdown Indicators
| IHI | XBI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.65% | -63.89% | +14.24% |
Max Drawdown (1Y)Largest decline over 1 year | -18.27% | -10.67% | -7.60% |
Max Drawdown (5Y)Largest decline over 5 years | -33.12% | -55.04% | +21.92% |
Max Drawdown (10Y)Largest decline over 10 years | -33.25% | -63.89% | +30.64% |
Current DrawdownCurrent decline from peak | -19.05% | -25.46% | +6.41% |
Average DrawdownAverage peak-to-trough decline | -8.20% | -20.91% | +12.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.90% | 3.65% | +2.25% |
Volatility
IHI vs. XBI - Volatility Comparison
The current volatility for iShares U.S. Medical Devices ETF (IHI) is 5.24%, while SPDR S&P Biotech ETF (XBI) has a volatility of 11.09%. This indicates that IHI experiences smaller price fluctuations and is considered to be less risky than XBI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHI | XBI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 11.09% | -5.85% |
Volatility (6M)Calculated over the trailing 6-month period | 11.20% | 19.22% | -8.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.89% | 28.69% | -9.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.73% | 32.21% | -13.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.63% | 32.14% | -12.51% |