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IYF vs. IYH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYF vs. IYH

Last updated Jun 14, 2026

IYF (iShares U.S. Financials ETF) and IYH (iShares U.S. Healthcare ETF) are both exchange-traded funds - IYF is a Financials Equities fund tracking the Dow Jones U.S. Financials 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, IYF returned 13.53%/yr vs 9.52%/yr for IYH. A 0.61 correlation means they provide meaningful diversification when combined. IYF charges 0.42%/yr vs 0.43%/yr for IYH.

Performance

IYF vs. IYH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Financials ETF (IYF) 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, IYF achieves a -0.19% return, which is significantly higher than IYH's -0.65% return. Over the past 10 years, IYF has outperformed IYH with an annualized return of 13.53%, while IYH has yielded a comparatively lower 9.52% annualized return.

IYF

1D
1.38%
1M
4.53%
YTD
-0.19%
6M
-0.21%
1Y
13.73%
3Y*
21.71%
5Y*
10.87%
10Y*
13.53%

IYH

1D
-0.20%
1M
4.56%
YTD
-0.65%
6M
0.07%
1Y
14.83%
3Y*
6.45%
5Y*
4.89%
10Y*
9.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IYF vs. IYH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IYF
iShares U.S. Financials ETF		-0.19%18.25%31.30%15.32%-11.33%31.60%-1.00%31.86%-9.39%19.58%
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 IYF and IYH is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.45

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

0.51

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

0.55

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

0.56

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

0.61

The correlation between IYF and IYH shifts across timeframes, from 0.45 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.

IYF vs. IYH - Sectors Allocation Comparison

Sectors
IYF
IYH

Financial Services

99.1%

-

Real Estate

0.6%

-

Technology

0.3%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

100.0%

Industrials

-

-

Utilities

-

-

Financial Services

IYF
99.1%
IYH

-

Real Estate

IYF
0.6%
IYH

-

Technology

IYF
0.3%
IYH

-

Basic Materials

IYF

-

IYH

-

Communication Services

IYF

-

IYH

-

Consumer Cyclical

IYF

-

IYH

-

Consumer Defensive

IYF

-

IYH

-

Energy

IYF

-

IYH

-

Healthcare

IYF

-

IYH
100.0%

Industrials

IYF

-

IYH

-

Utilities

IYF

-

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 U.S. Financials ETF

iShares U.S. Healthcare ETF

Often compared with IYF:
IYF vs. XLFIYF vs. VFHIYF vs. IYGIYF vs. KBWBIYF vs. IXGIYF vs. KBEIYF vs. FTXO
Often compared with IYH:
IYH vs. VHTIYH vs. XLVIYH vs. SPYIYH vs. IYEIYH vs. IFRAIYH vs. BMEDIYH vs. IBB

Return for Risk

IYF vs. IYH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IYF
IYF Risk / Return Rank: 2424
Overall Rank
IYF Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
IYF Sortino Ratio Rank: 2525
Sortino Ratio Rank
IYF Omega Ratio Rank: 2525
Omega Ratio Rank
IYF Calmar Ratio Rank: 2222
Calmar Ratio Rank
IYF Martin Ratio Rank: 2222
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.

IYF vs. IYH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Financials ETF (IYF) 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.

IYFIYHDifference
Sharpe ratioReturn per unit of total volatility
0.84
0.94

-0.10

Sortino ratioReturn per unit of downside risk
1.21
1.52

-0.31

Omega ratioGain probability vs. loss probability

1.15

1.17

-0.02

Calmar ratioReturn relative to maximum drawdown

0.88

1.33

-0.45

Martin ratioReturn relative to average drawdown

2.38

3.18

-0.80

IYF vs. IYH - Sharpe Ratio Comparison

The current IYF Sharpe Ratio is 0.84, which is comparable to the IYH Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of IYF 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

IYF vs. IYH - Drawdown Comparison

The maximum IYF drawdown since its inception was -79.09%, which is greater than IYH's maximum drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for IYF and IYH.

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Drawdown Indicators

IYFIYHDifference

Max Drawdown

Largest peak-to-trough decline

-79.09%

-43.12%

-35.97%

Max Drawdown (1Y)

Largest decline over 1 year

-13.88%

-10.64%

-3.24%

Max Drawdown (3Y)

Largest decline over 3 years

-16.60%

-17.91%

+1.31%

Max Drawdown (5Y)

Largest decline over 5 years

-25.06%

-17.91%

-7.15%

Max Drawdown (10Y)

Largest decline over 10 years

-42.57%

-28.40%

-14.17%

Current Drawdown

Current decline from peak

-3.25%

-3.94%

+0.69%

Average Drawdown

Average peak-to-trough decline

-17.59%

-8.96%

-8.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.13%

4.46%

+0.67%

Volatility

IYF vs. IYH - Volatility Comparison

The current volatility for iShares U.S. Financials ETF (IYF) is 4.27%, while iShares U.S. Healthcare ETF (IYH) has a volatility of 4.94%. This indicates that IYF 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

IYFIYHDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.27%

4.94%

-0.67%

Volatility (6M)

Calculated over the trailing 6-month period

11.12%

10.64%

+0.48%

Volatility (1Y)

Calculated over the trailing 1-year period

14.58%

15.10%

-0.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.04%

14.96%

+4.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.90%

16.74%

+4.16%

IYF vs. IYH - Expense Ratio Comparison

IYF has a 0.42% expense ratio, which is lower than IYH's 0.43% expense ratio.

Dividends

IYF vs. IYH - Dividend Comparison

IYF's dividend yield for the trailing twelve months is around 1.49%, more than IYH's 1.25% yield.

PositionTTM20252024202320222021202020192018201720162015
IYF
iShares U.S. Financials ETF		1.49%1.32%1.29%1.67%1.86%1.27%1.72%1.64%1.90%1.46%1.67%1.66%
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

IYF and IYH have a correlation of 0.45, 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 IYF (4.27%). In terms of maximum drawdown, IYF dropped -79.09% vs IYH's -43.12%.

On 10-year performance, IYF leads with 13.53% vs 9.52% for IYH. On fees, IYF is cheaper at 0.42% per year. On volatility, IYF has been the lower-risk option at 4.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IYF has performed better with a 13.53% return vs 9.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IYF is cheaper with a 0.42% expense ratio, compared with 0.43% for IYH.

IYF has the higher dividend yield at 1.49%, compared with 1.25% for IYH.

IYF is categorized as Financials Equities, while IYH is Health & Biotech Equities. IYF tracks Dow Jones U.S. Financials Index, while IYH tracks Dow Jones U.S. Health Care Index. Their fees differ too: 0.42% for IYF and 0.43% for IYH.

IYH currently has the higher Sharpe Ratio (0.94 vs 0.84), 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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