IXJ vs. IHI
Compare and contrast key facts about iShares Global Healthcare ETF (IXJ) and iShares U.S. Medical Devices ETF (IHI).
IXJ and IHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IXJ is a passively managed fund by iShares that tracks the performance of the S&P Global Healthcare Sector Index. It was launched on Nov 13, 2001. 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. Both IXJ and IHI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IXJ vs. IHI - Performance Comparison
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IXJ vs. IHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IXJ iShares Global Healthcare ETF | -2.96% | 14.99% | 0.55% | 3.62% | -4.94% | 19.60% | 12.74% | 23.23% | 2.83% | 20.44% |
IHI iShares U.S. Medical Devices ETF | -13.96% | 6.88% | 8.62% | 3.24% | -19.80% | 21.03% | 24.17% | 32.75% | 15.45% | 30.81% |
Returns By Period
In the year-to-date period, IXJ achieves a -2.96% return, which is significantly higher than IHI's -13.96% return. Over the past 10 years, IXJ has underperformed IHI with an annualized return of 8.51%, while IHI has yielded a comparatively higher 10.42% annualized return.
IXJ
- 1D
- 1.05%
- 1M
- -5.74%
- YTD
- -2.96%
- 6M
- 3.71%
- 1Y
- 6.94%
- 3Y*
- 5.79%
- 5Y*
- 5.55%
- 10Y*
- 8.51%
IHI
- 1D
- 0.15%
- 1M
- -10.33%
- YTD
- -13.96%
- 6M
- -10.09%
- 1Y
- -10.56%
- 3Y*
- 0.13%
- 5Y*
- -0.17%
- 10Y*
- 10.42%
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IXJ vs. IHI - Expense Ratio Comparison
IXJ has a 0.46% expense ratio, which is higher than IHI's 0.43% expense ratio.
Return for Risk
IXJ vs. IHI — Risk / Return Rank
IXJ
IHI
IXJ vs. IHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Healthcare ETF (IXJ) and iShares U.S. Medical Devices ETF (IHI). 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.
| IXJ | IHI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.40 | -0.56 | +0.97 |
Sortino ratioReturn per unit of downside risk | 0.68 | -0.69 | +1.37 |
Omega ratioGain probability vs. loss probability | 1.09 | 0.92 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.50 | -0.60 | +1.10 |
Martin ratioReturn relative to average drawdown | 1.37 | -1.88 | +3.25 |
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
| IXJ | IHI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | -0.56 | +0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | -0.01 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.53 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.49 | -0.07 |
Correlation
The correlation between IXJ and IHI is 0.79, 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.
Dividends
IXJ vs. IHI - Dividend Comparison
IXJ's dividend yield for the trailing twelve months is around 1.44%, more than IHI's 0.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXJ iShares Global Healthcare ETF | 1.44% | 1.40% | 1.50% | 1.38% | 1.17% | 1.12% | 1.27% | 1.42% | 2.11% | 1.46% | 1.73% | 2.85% |
IHI iShares U.S. Medical Devices ETF | 0.42% | 0.34% | 0.46% | 0.53% | 0.45% | 0.25% | 0.25% | 0.33% | 0.26% | 0.37% | 0.55% | 1.28% |
Drawdowns
IXJ vs. IHI - Drawdown Comparison
The maximum IXJ drawdown since its inception was -40.60%, smaller than the maximum IHI drawdown of -49.65%. Use the drawdown chart below to compare losses from any high point for IXJ and IHI.
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Drawdown Indicators
| IXJ | IHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.60% | -49.65% | +9.05% |
Max Drawdown (1Y)Largest decline over 1 year | -10.35% | -18.27% | +7.92% |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | -33.12% | +14.98% |
Max Drawdown (10Y)Largest decline over 10 years | -27.35% | -33.25% | +5.90% |
Current DrawdownCurrent decline from peak | -7.07% | -18.76% | +11.69% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -8.20% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 5.79% | -2.01% |
Volatility
IXJ vs. IHI - Volatility Comparison
iShares Global Healthcare ETF (IXJ) and iShares U.S. Medical Devices ETF (IHI) have volatilities of 5.11% and 5.24%, 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
| IXJ | IHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 5.24% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 10.23% | 11.23% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.33% | 18.89% | -1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.08% | 18.74% | -4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.66% | 19.63% | -3.97% |