IHI vs. XHE
Compare and contrast key facts about iShares U.S. Medical Devices ETF (IHI) and SPDR S&P Health Care Equipment ETF (XHE).
IHI and XHE 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. XHE is a passively managed fund by State Street that tracks the performance of the S&P Health Care Equipment Select Industry Index. It was launched on Jan 26, 2011. Both IHI and XHE 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 XHE.
Correlation
The correlation between IHI and XHE is 0.69, 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.
Performance
IHI vs. XHE - Performance Comparison
Key characteristics
IHI:
0.43
XHE:
-0.20
IHI:
0.70
XHE:
-0.13
IHI:
1.10
XHE:
0.98
IHI:
0.43
XHE:
-0.09
IHI:
1.83
XHE:
-0.60
IHI:
4.22%
XHE:
7.15%
IHI:
18.13%
XHE:
21.72%
IHI:
-49.64%
XHE:
-49.92%
IHI:
-9.83%
XHE:
-40.25%
Returns By Period
In the year-to-date period, IHI achieves a 2.07% return, which is significantly higher than XHE's -10.09% return. Over the past 10 years, IHI has outperformed XHE with an annualized return of 12.11%, while XHE has yielded a comparatively lower 6.31% annualized return.
IHI
2.07%
-0.72%
1.18%
8.20%
7.13%
12.11%
XHE
-10.09%
-4.28%
-8.26%
-2.64%
-0.56%
6.31%
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IHI vs. XHE - Expense Ratio Comparison
IHI has a 0.43% expense ratio, which is higher than XHE's 0.35% expense ratio.
Risk-Adjusted Performance
IHI vs. XHE — Risk-Adjusted Performance Rank
IHI
XHE
IHI vs. XHE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Medical Devices ETF (IHI) and SPDR S&P Health Care Equipment ETF (XHE). 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. XHE - Dividend Comparison
IHI's dividend yield for the trailing twelve months is around 0.46%, more than XHE's 0.04% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHI iShares U.S. Medical Devices ETF | 0.46% | 0.46% | 0.53% | 0.45% | 0.25% | 0.25% | 0.33% | 0.26% | 0.37% | 0.55% | 1.28% | 0.65% |
XHE SPDR S&P Health Care Equipment ETF | 0.04% | 0.04% | 0.03% | 0.04% | 0.00% | 0.00% | 0.05% | 0.09% | 0.78% | 0.17% | 7.22% | 1.83% |
Drawdowns
IHI vs. XHE - Drawdown Comparison
The maximum IHI drawdown since its inception was -49.64%, roughly equal to the maximum XHE drawdown of -49.92%. Use the drawdown chart below to compare losses from any high point for IHI and XHE. For additional features, visit the drawdowns tool.
Volatility
IHI vs. XHE - Volatility Comparison
The current volatility for iShares U.S. Medical Devices ETF (IHI) is 12.10%, while SPDR S&P Health Care Equipment ETF (XHE) has a volatility of 13.05%. This indicates that IHI experiences smaller price fluctuations and is considered to be less risky than XHE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.