IHI vs. XBIT
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 8.86%/yr vs -16.62%/yr for XBIT. At a 0.23 correlation, their price movements are largely independent.
Performance
IHI vs. XBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IHI achieves a -19.70% return, which is significantly lower than XBIT's -0.84% return. Over the past 10 years, IHI has outperformed XBIT with an annualized return of 8.86%, while XBIT has yielded a comparatively lower -16.62% annualized return.
IHI
- 1D
- 2.76%
- 1M
- 0.16%
- YTD
- -19.70%
- 6M
- -21.09%
- 1Y
- -19.03%
- 3Y*
- -2.23%
- 5Y*
- -1.96%
- 10Y*
- 8.86%
XBIT
- 1D
- -0.84%
- 1M
- -7.06%
- YTD
- -0.84%
- 6M
- -5.58%
- 1Y
- -19.39%
- 3Y*
- -24.92%
- 5Y*
- -30.49%
- 10Y*
- -16.62%
IHI vs. XBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IHI iShares U.S. Medical Devices ETF | -19.70% | 6.88% | 8.62% | 3.24% | -19.80% | 21.03% | 24.17% | 32.75% | 15.45% | 30.81% |
XBIT XBiotech Inc. | -0.84% | -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 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
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 16, 2015 | 0.23 |
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Return for Risk
IHI vs. XBIT — Risk / Return Rank
IHI
XBIT
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.
| IHI | XBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.97 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.49 | -0.24 |
| Martin ratioReturn relative to average drawdown | -1.85 | -0.75 | -1.10 |
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 | XBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.13 | -0.38 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | -0.48 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | -0.22 | +0.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | -0.23 | +0.70 |
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
| IHI | XBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest 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% | -87.21% | +54.09% |
Max Drawdown (10Y)Largest decline over 10 years | -33.25% | -90.72% | +57.47% |
Current DrawdownCurrent decline from peak | -24.17% | -91.27% | +67.10% |
Average DrawdownAverage peak-to-trough decline | -8.32% | -70.11% | +61.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.29% | 25.92% | -15.63% |
Volatility
IHI vs. XBIT - Volatility Comparison
iShares U.S. Medical Devices ETF (IHI) and XBiotech Inc. (XBIT) have volatilities of 7.01% and 6.88%, 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.
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Volatility by Period
| IHI | XBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.01% | 6.88% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 13.05% | 27.26% | -14.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.96% | 51.89% | -34.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.99% | 64.04% | -45.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.79% | 75.31% | -55.52% |
Dividends
IHI vs. XBIT - Dividend Comparison
IHI's dividend yield for the trailing twelve months is around 0.45%, while XBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHI iShares U.S. Medical Devices ETF | 0.45% | 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 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IHI has higher volatility (7.01%) compared to XBIT (6.88%). In terms of maximum drawdown, IHI dropped -49.65% vs XBIT's -92.67%.
XBIT currently has the higher Sharpe Ratio (-0.38 vs -1.13), 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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