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IVV vs. IYH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IVV vs. IYH

Last updated Jun 13, 2026

IVV (iShares Core S&P 500 ETF) and IYH (iShares U.S. Healthcare ETF) are both exchange-traded funds - IVV is a S&P 500 fund tracking the S&P 500 Index, while IYH is a Health & Biotech Equities fund tracking the Dow Jones U.S. Health Care Index. Both are passively managed. Over the past 10 years, IVV returned 15.47%/yr vs 9.52%/yr for IYH. A 0.72 correlation means they provide meaningful diversification when combined. IVV charges 0.03%/yr vs 0.43%/yr for IYH.

Performance

IVV vs. IYH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P 500 ETF (IVV) and iShares U.S. Healthcare ETF (IYH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IVV achieves a 9.08% return, which is significantly higher than IYH's -0.65% return. Over the past 10 years, IVV has outperformed IYH with an annualized return of 15.47%, while IYH has yielded a comparatively lower 9.52% annualized return.

IVV

1D
0.55%
1M
-0.08%
YTD
9.08%
6M
9.43%
1Y
24.38%
3Y*
20.95%
5Y*
13.42%
10Y*
15.47%

IYH

1D
-0.20%
1M
4.45%
YTD
-0.65%
6M
0.07%
1Y
14.13%
3Y*
6.45%
5Y*
4.89%
10Y*
9.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IVV vs. IYH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IVV
iShares Core S&P 500 ETF		9.08%17.85%24.93%26.31%-18.16%28.76%18.40%31.07%-4.49%21.75%
IYH
iShares U.S. Healthcare ETF		-0.65%13.16%2.99%2.14%-4.46%23.41%15.56%20.80%5.80%22.27%

Correlation

The correlation between IVV and IYH is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.37

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

0.50

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

0.61

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

0.68

Correlation (All Time)
Calculated using the full available price history since Jun 16, 2000

0.72

Over the past year, the correlation between IVV and IYH has dropped to 0.37 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

IVV vs. IYH - Sectors Allocation Comparison

Sectors
IVV
IYH

Technology

35.6%

-

Financial Services

11.8%

-

Communication Services

11.2%

-

Consumer Cyclical

10.1%

-

Healthcare

8.5%
100.0%

Industrials

8.3%

-

Consumer Defensive

4.9%

-

Energy

3.5%

-

Utilities

2.4%

-

Real Estate

1.9%

-

Basic Materials

1.8%

-

Technology

IVV
35.6%
IYH

-

Financial Services

IVV
11.8%
IYH

-

Communication Services

IVV
11.2%
IYH

-

Consumer Cyclical

IVV
10.1%
IYH

-

Healthcare

IVV
8.5%
IYH
100.0%

Industrials

IVV
8.3%
IYH

-

Consumer Defensive

IVV
4.9%
IYH

-

Energy

IVV
3.5%
IYH

-

Utilities

IVV
2.4%
IYH

-

Real Estate

IVV
1.9%
IYH

-

Basic Materials

IVV
1.8%
IYH

-

Compare stocks, funds, or ETFs

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

iShares Core S&P 500 ETF

iShares U.S. Healthcare ETF

Often compared with IVV:
IVV vs. VOOIVV vs. SPYIVV vs. FXAIXIVV vs. QQQIVV vs. VTIIVV vs. IOOIVV vs. CSPX.L
Often compared with IYH:
IYH vs. VHTIYH vs. XLVIYH vs. SPYIYH vs. IYEIYH vs. BMEDIYH vs. IFRAIYH vs. IBB

Return for Risk

IVV vs. IYH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IVV
IVV Risk / Return Rank: 7070
Overall Rank
IVV Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
IVV Sortino Ratio Rank: 6969
Sortino Ratio Rank
IVV Omega Ratio Rank: 7171
Omega Ratio Rank
IVV Calmar Ratio Rank: 6363
Calmar Ratio Rank
IVV Martin Ratio Rank: 7676
Martin Ratio Rank
IYH
IYH Risk / Return Rank: 2929
Overall Rank
IYH Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
IYH Sortino Ratio Rank: 3131
Sortino Ratio Rank
IYH Omega Ratio Rank: 2828
Omega Ratio Rank
IYH Calmar Ratio Rank: 3131
Calmar Ratio Rank
IYH 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.

IVV vs. IYH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 ETF (IVV) and iShares U.S. Healthcare ETF (IYH). 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.

IVVIYHDifference
Sharpe ratioReturn per unit of total volatility
2.00
0.94

+1.05

Sortino ratioReturn per unit of downside risk
2.70
1.52

+1.18

Omega ratioGain probability vs. loss probability

1.36

1.17

+0.19

Calmar ratioReturn relative to maximum drawdown

2.76

1.33

+1.42

Martin ratioReturn relative to average drawdown

12.43

3.18

+9.25

IVV vs. IYH - Sharpe Ratio Comparison

The current IVV Sharpe Ratio is 2.00, which is higher than the IYH Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of IVV and IYH, 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

IVV vs. IYH - Drawdown Comparison

The maximum IVV drawdown since its inception was -55.25%, which is greater than IYH's maximum drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for IVV and IYH.

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Drawdown Indicators

IVVIYHDifference

Max Drawdown

Largest peak-to-trough decline

-55.25%

-43.12%

-12.13%

Max Drawdown (1Y)

Largest decline over 1 year

-8.89%

-10.64%

+1.75%

Max Drawdown (3Y)

Largest decline over 3 years

-18.75%

-17.91%

-0.84%

Max Drawdown (5Y)

Largest decline over 5 years

-24.53%

-17.91%

-6.62%

Max Drawdown (10Y)

Largest decline over 10 years

-33.90%

-28.40%

-5.50%

Current Drawdown

Current decline from peak

-2.35%

-3.94%

+1.59%

Average Drawdown

Average peak-to-trough decline

-10.77%

-8.96%

-1.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.97%

4.46%

-2.49%

Volatility

IVV vs. IYH - Volatility Comparison

The current volatility for iShares Core S&P 500 ETF (IVV) is 4.37%, while iShares U.S. Healthcare ETF (IYH) has a volatility of 4.94%. This indicates that IVV experiences smaller price fluctuations and is considered to be less risky than IYH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IVVIYHDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.37%

4.94%

-0.57%

Volatility (6M)

Calculated over the trailing 6-month period

9.59%

10.64%

-1.05%

Volatility (1Y)

Calculated over the trailing 1-year period

12.28%

15.10%

-2.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.95%

14.96%

+1.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.08%

16.74%

+1.34%

IVV vs. IYH - Expense Ratio Comparison

IVV has a 0.03% expense ratio, which is lower than IYH's 0.43% expense ratio.

Dividends

IVV vs. IYH - Dividend Comparison

IVV's dividend yield for the trailing twelve months is around 1.08%, less than IYH's 1.25% yield.

PositionTTM20252024202320222021202020192018201720162015
IVV
iShares Core S&P 500 ETF		1.08%1.17%1.30%1.44%1.66%1.20%1.57%1.85%2.21%1.75%2.01%2.27%
IYH
iShares U.S. Healthcare ETF		1.25%1.19%1.25%1.18%1.10%0.94%1.16%1.14%1.95%1.10%1.29%2.02%

Frequently Asked Questions

IVV and IYH have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IYH has higher volatility (4.94%) compared to IVV (4.37%). In terms of maximum drawdown, IVV dropped -55.25% vs IYH's -43.12%.

On 10-year performance, IVV leads with 15.47% vs 9.52% for IYH. On fees, IVV is cheaper at 0.03% per year. On volatility, IVV has been the lower-risk option at 4.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IVV has performed better with a 15.47% return vs 9.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IVV is cheaper with a 0.03% expense ratio, compared with 0.43% for IYH.

IYH has the higher dividend yield at 1.25%, compared with 1.08% for IVV.

IVV is categorized as S&P 500, while IYH is Health & Biotech Equities. IVV tracks S&P 500 Index, while IYH tracks Dow Jones U.S. Health Care Index. Their fees differ too: 0.03% for IVV and 0.43% for IYH.

IVV currently has the higher Sharpe Ratio (2.00 vs 0.94), 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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