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IHI vs. XLV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between IHI and XLV is 0.75, 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.


-0.50.00.51.0
Correlation: 0.7

Performance

IHI vs. XLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Medical Devices ETF (IHI) and Health Care Select Sector SPDR Fund (XLV). The values are adjusted to include any dividend payments, if applicable.

500.00%550.00%600.00%650.00%700.00%750.00%NovemberDecember2025FebruaryMarchApril
672.30%
521.32%
IHI
XLV

Key characteristics

Sharpe Ratio

IHI:

0.43

XLV:

-0.05

Sortino Ratio

IHI:

0.70

XLV:

0.03

Omega Ratio

IHI:

1.10

XLV:

1.00

Calmar Ratio

IHI:

0.43

XLV:

-0.05

Martin Ratio

IHI:

1.83

XLV:

-0.12

Ulcer Index

IHI:

4.22%

XLV:

6.00%

Daily Std Dev

IHI:

18.13%

XLV:

14.30%

Max Drawdown

IHI:

-49.64%

XLV:

-39.17%

Current Drawdown

IHI:

-9.83%

XLV:

-11.14%

Returns By Period

In the year-to-date period, IHI achieves a 2.07% return, which is significantly higher than XLV's 0.74% return. Over the past 10 years, IHI has outperformed XLV with an annualized return of 12.11%, while XLV has yielded a comparatively lower 8.30% annualized return.


IHI

YTD

2.07%

1M

-0.72%

6M

1.18%

1Y

8.20%

5Y*

7.13%

10Y*

12.11%

XLV

YTD

0.74%

1M

-4.62%

6M

-6.31%

1Y

0.26%

5Y*

8.31%

10Y*

8.30%

*Annualized

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IHI vs. XLV - Expense Ratio Comparison

IHI has a 0.43% expense ratio, which is higher than XLV's 0.12% expense ratio.


Expense ratio chart for IHI: current value is 0.43%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
IHI: 0.43%
Expense ratio chart for XLV: current value is 0.12%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
XLV: 0.12%

Risk-Adjusted Performance

IHI vs. XLV — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IHI
The Risk-Adjusted Performance Rank of IHI is 5252
Overall Rank
The Sharpe Ratio Rank of IHI is 5050
Sharpe Ratio Rank
The Sortino Ratio Rank of IHI is 5050
Sortino Ratio Rank
The Omega Ratio Rank of IHI is 5151
Omega Ratio Rank
The Calmar Ratio Rank of IHI is 5555
Calmar Ratio Rank
The Martin Ratio Rank of IHI is 5656
Martin Ratio Rank

XLV
The Risk-Adjusted Performance Rank of XLV is 1616
Overall Rank
The Sharpe Ratio Rank of XLV is 1717
Sharpe Ratio Rank
The Sortino Ratio Rank of XLV is 1515
Sortino Ratio Rank
The Omega Ratio Rank of XLV is 1515
Omega Ratio Rank
The Calmar Ratio Rank of XLV is 1616
Calmar Ratio Rank
The Martin Ratio Rank of XLV is 1717
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

IHI vs. XLV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Medical Devices ETF (IHI) and Health Care Select Sector SPDR Fund (XLV). 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.


The chart of Sharpe ratio for IHI, currently valued at 0.43, compared to the broader market-1.000.001.002.003.004.00
IHI: 0.43
XLV: -0.05
The chart of Sortino ratio for IHI, currently valued at 0.70, compared to the broader market-2.000.002.004.006.008.00
IHI: 0.70
XLV: 0.03
The chart of Omega ratio for IHI, currently valued at 1.10, compared to the broader market0.501.001.502.002.50
IHI: 1.10
XLV: 1.00
The chart of Calmar ratio for IHI, currently valued at 0.43, compared to the broader market0.002.004.006.008.0010.0012.00
IHI: 0.43
XLV: -0.05
The chart of Martin ratio for IHI, currently valued at 1.83, compared to the broader market0.0020.0040.0060.00
IHI: 1.83
XLV: -0.12

The current IHI Sharpe Ratio is 0.43, which is higher than the XLV Sharpe Ratio of -0.05. The chart below compares the historical Sharpe Ratios of IHI and XLV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
0.43
-0.05
IHI
XLV

Dividends

IHI vs. XLV - Dividend Comparison

IHI's dividend yield for the trailing twelve months is around 0.46%, less than XLV's 1.69% yield.


TTM20242023202220212020201920182017201620152014
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%
XLV
Health Care Select Sector SPDR Fund
1.69%1.67%1.59%1.47%1.33%1.49%2.17%1.57%1.47%1.60%1.43%1.35%

Drawdowns

IHI vs. XLV - Drawdown Comparison

The maximum IHI drawdown since its inception was -49.64%, which is greater than XLV's maximum drawdown of -39.17%. Use the drawdown chart below to compare losses from any high point for IHI and XLV. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-9.83%
-11.14%
IHI
XLV

Volatility

IHI vs. XLV - Volatility Comparison

iShares U.S. Medical Devices ETF (IHI) has a higher volatility of 12.10% compared to Health Care Select Sector SPDR Fund (XLV) at 9.15%. This indicates that IHI's price experiences larger fluctuations and is considered to be riskier than XLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%NovemberDecember2025FebruaryMarchApril
12.10%
9.15%
IHI
XLV