IHI vs. XLV
Compare and contrast key facts about iShares U.S. Medical Devices ETF (IHI) and Health Care Select Sector SPDR Fund (XLV).
IHI and XLV 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. XLV is a passively managed fund by State Street that tracks the performance of the Health Care Select Sector. It was launched on Dec 16, 1998. Both IHI and XLV 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 XLV.
Performance
IHI vs. XLV - Performance Comparison
Returns By Period
In the year-to-date period, IHI achieves a 11.41% return, which is significantly higher than XLV's 4.71% return. Over the past 10 years, IHI has outperformed XLV with an annualized return of 13.09%, while XLV has yielded a comparatively lower 9.31% annualized return.
IHI
11.41%
-0.58%
6.63%
22.24%
7.61%
13.09%
XLV
4.71%
-7.78%
-2.71%
11.17%
9.49%
9.31%
Key characteristics
| IHI | XLV | |
|---|---|---|
| Sharpe Ratio | 1.65 | 1.10 |
| Sortino Ratio | 2.31 | 1.56 |
| Omega Ratio | 1.29 | 1.20 |
| Calmar Ratio | 0.92 | 1.20 |
| Martin Ratio | 7.49 | 4.42 |
| Ulcer Index | 3.17% | 2.68% |
| Daily Std Dev | 14.44% | 10.78% |
| Max Drawdown | -49.64% | -39.18% |
| Current Drawdown | -9.38% | -9.86% |
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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.
Correlation
The correlation between IHI and XLV is 0.82, 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.
Risk-Adjusted Performance
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.
Dividends
IHI vs. XLV - Dividend Comparison
IHI's dividend yield for the trailing twelve months is around 0.44%, less than XLV's 1.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHI iShares U.S. Medical Devices ETF | 0.44% | 0.53% | 0.45% | 0.25% | 0.25% | 0.33% | 0.26% | 0.37% | 0.55% | 1.28% | 0.65% | 0.33% |
XLV Health Care Select Sector SPDR Fund | 1.61% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.58% | 1.47% | 1.60% | 1.43% | 1.35% | 1.52% |
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 -39.18%. Use the drawdown chart below to compare losses from any high point for IHI and XLV. For additional features, visit the drawdowns tool.
Volatility
IHI vs. XLV - Volatility Comparison
iShares U.S. Medical Devices ETF (IHI) and Health Care Select Sector SPDR Fund (XLV) have volatilities of 3.44% and 3.33%, 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.