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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IXJ or IHI.
Performance
IXJ vs. IHI - Performance Comparison
Returns By Period
In the year-to-date period, IXJ achieves a 3.36% return, which is significantly lower than IHI's 12.05% return. Over the past 10 years, IXJ has underperformed IHI with an annualized return of 7.53%, while IHI has yielded a comparatively higher 13.19% annualized return.
IXJ
3.36%
-8.79%
-3.94%
9.80%
7.57%
7.53%
IHI
12.05%
-0.02%
6.61%
24.47%
7.61%
13.19%
Key characteristics
| IXJ | IHI | |
|---|---|---|
| Sharpe Ratio | 0.95 | 1.66 |
| Sortino Ratio | 1.37 | 2.33 |
| Omega Ratio | 1.17 | 1.29 |
| Calmar Ratio | 0.84 | 0.90 |
| Martin Ratio | 3.34 | 7.57 |
| Ulcer Index | 3.03% | 3.17% |
| Daily Std Dev | 10.64% | 14.49% |
| Max Drawdown | -40.60% | -49.64% |
| Current Drawdown | -12.10% | -8.87% |
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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.
Correlation
The correlation between IXJ and IHI is 0.80, 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
IXJ vs. IHI - Risk-Adjusted Performance 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.
Dividends
IXJ vs. IHI - Dividend Comparison
IXJ's dividend yield for the trailing twelve months is around 1.38%, more than IHI's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXJ iShares Global Healthcare ETF | 1.38% | 1.38% | 1.17% | 1.12% | 1.27% | 1.42% | 2.11% | 1.47% | 1.73% | 2.85% | 1.38% | 1.51% |
IHI iShares U.S. Medical Devices ETF | 0.43% | 0.53% | 0.45% | 0.25% | 0.25% | 0.33% | 0.26% | 0.37% | 0.55% | 1.28% | 0.65% | 0.33% |
Drawdowns
IXJ vs. IHI - Drawdown Comparison
The maximum IXJ drawdown since its inception was -40.60%, smaller than the maximum IHI drawdown of -49.64%. Use the drawdown chart below to compare losses from any high point for IXJ and IHI. For additional features, visit the drawdowns tool.
Volatility
IXJ vs. IHI - Volatility Comparison
The current volatility for iShares Global Healthcare ETF (IXJ) is 3.09%, while iShares U.S. Medical Devices ETF (IHI) has a volatility of 3.69%. This indicates that IXJ experiences smaller price fluctuations and is considered to be less risky than IHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.