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IHI vs. XBIT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IHI vs. XBIT

Last updated Jul 18, 2026
Documentation

IHI (iShares U.S. Medical Devices ETF) is Health & Biotech Equities fund tracking the Dow Jones U.S. Select Medical Equipment Index, while XBIT (XBiotech Inc.) is a stock. Over the past 10 years, IHI returned 8.43%/yr vs -16.23%/yr for XBIT. At a 0.23 correlation, their price movements are largely independent.

Performance

IHI vs. XBIT - Performance Comparison

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

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Returns By Period

In the year-to-date period, IHI achieves a -18.54% return, which is significantly lower than XBIT's -5.02% return. Over the past 10 years, IHI has outperformed XBIT with an annualized return of 8.43%, while XBIT has yielded a comparatively lower -16.23% annualized return.

IHI

1D
-3.24%
1M
4.36%
6M
-18.12%
YTD
-18.54%
1Y
-15.41%
3Y*
-3.16%
5Y*
-3.26%
10Y*
8.43%

XBIT

1D
-0.87%
1M
-4.22%
6M
-11.67%
YTD
-5.02%
1Y
-24.33%
3Y*
-24.67%
5Y*
-32.61%
10Y*
-16.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IHI vs. XBIT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IHI
iShares U.S. Medical Devices ETF		-18.54%6.88%8.62%3.24%-19.80%21.03%24.17%32.75%15.45%30.81%
XBIT
XBiotech Inc.		-5.02%-39.49%-1.25%13.96%-68.46%-17.46%-16.15%267.42%28.93%-61.07%

Correlation

The correlation between IHI and XBIT is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.17

Correlation (3Y)
Calculated over the trailing 3-year period

0.19

Correlation (5Y)
Calculated over the trailing 5-year period

0.23

Correlation (10Y)
Calculated over the trailing 10-year period

0.23

Correlation (All Time)
Calculated using the full available price history since Apr 15, 2015

0.23

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares U.S. Medical Devices ETF

XBiotech Inc.

Often compared with IHI:
IHI vs. XLVIHI vs. VHTIHI vs. XHEIHI vs. SPYIHI vs. IHFIHI vs. FHLCIHI vs. IXJ
Often compared with XBIT:
XBIT vs. XBIXBIT vs. XBIOXBIT vs. AHCOXBIT vs. IBBXBIT vs. IBIOXBIT vs. VHTXBIT vs. SPYL.DE

Return for Risk

IHI vs. XBIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IHI
IHI Risk / Return Rank: 33
Overall Rank
IHI Sharpe Ratio Rank: 33
Sharpe Ratio Rank
IHI Sortino Ratio Rank: 33
Sortino Ratio Rank
IHI Omega Ratio Rank: 33
Omega Ratio Rank
IHI Calmar Ratio Rank: 44
Calmar Ratio Rank
IHI Martin Ratio Rank: 33
Martin Ratio Rank
XBIT
XBIT Risk / Return Rank: 2323
Overall Rank
XBIT Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
XBIT Sortino Ratio Rank: 2121
Sortino Ratio Rank
XBIT Omega Ratio Rank: 2222
Omega Ratio Rank
XBIT Calmar Ratio Rank: 2222
Calmar Ratio Rank
XBIT Martin Ratio Rank: 2727
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IHI vs. XBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Medical Devices ETF (IHI) and XBiotech Inc. (XBIT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

IHIXBITDifference
Sharpe ratioReturn per unit of total volatility
-0.79
-0.51

-0.29

Sortino ratioReturn per unit of downside risk
-1.04
-0.56

-0.49

Omega ratioGain probability vs. loss probability

0.88

0.93

-0.05

Calmar ratioReturn relative to maximum drawdown

-0.59

-0.62

+0.03

Martin ratioReturn relative to average drawdown

-1.22

-0.87

-0.35

IHI vs. XBIT - Sharpe Ratio Comparison

The current IHI Sharpe Ratio is -0.79, which is lower than the XBIT Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of IHI and XBIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IHI vs. XBIT - Drawdown Comparison

The maximum IHI drawdown since its inception was -49.65%, smaller than the maximum XBIT drawdown of -92.67%. Use the drawdown chart below to compare losses from any high point for IHI and XBIT.

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Drawdown Indicators

IHIXBITDifference

Max Drawdown

Largest peak-to-trough decline

-49.65%

-92.67%

+43.02%

Max Drawdown (1Y)

Largest decline over 1 year

-26.11%

-39.43%

+13.32%

Max Drawdown (3Y)

Largest decline over 3 years

-26.64%

-78.56%

+51.92%

Max Drawdown (5Y)

Largest decline over 5 years

-33.12%

-87.07%

+53.95%

Max Drawdown (10Y)

Largest decline over 10 years

-33.25%

-90.13%

+56.88%

Current Drawdown

Current decline from peak

-23.08%

-91.64%

+68.56%

Average Drawdown

Average peak-to-trough decline

-8.41%

-70.30%

+61.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.63%

28.10%

-15.47%

Volatility

IHI vs. XBIT - Volatility Comparison

iShares U.S. Medical Devices ETF (IHI) has a higher volatility of 10.17% compared to XBiotech Inc. (XBIT) at 7.21%. This indicates that IHI's price experiences larger fluctuations and is considered to be riskier than XBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IHIXBITDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.17%

7.21%

+2.96%

Volatility (6M)

Calculated over the trailing 6-month period

16.15%

20.30%

-4.15%

Volatility (1Y)

Calculated over the trailing 1-year period

19.55%

48.15%

-28.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.48%

63.86%

-44.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.98%

73.38%

-53.40%

Dividends

IHI vs. XBIT - Dividend Comparison

IHI's dividend yield for the trailing twelve months is around 0.48%, while XBIT has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IHI
iShares U.S. Medical Devices ETF		0.48%0.34%0.46%0.53%0.45%0.25%0.25%0.33%0.26%0.37%0.55%1.28%
XBIT
XBiotech Inc.		0.00%0.00%0.00%0.00%0.00%22.46%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IHI and XBIT have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IHI has higher volatility (10.17%) compared to XBIT (7.21%). In terms of maximum drawdown, IHI dropped -49.65% vs XBIT's -92.67%.

XBIT currently has the higher Sharpe Ratio (-0.51 vs -0.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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