IYH vs. BMED
IYH (iShares U.S. Healthcare ETF) and BMED (Future Health ETF) are both Health & Biotech Equities funds. IYH is passively managed, while BMED is actively managed. Over the past 5 years, IYH returned 4.87%/yr vs 0.67%/yr for BMED. Their 0.79 correlation means they have sometimes moved together and sometimes differently. IYH charges 0.43%/yr vs 0.85%/yr for BMED.
Performance
IYH vs. BMED - Performance Comparison
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Returns By Period
In the year-to-date period, IYH achieves a 5.57% return, which is significantly higher than BMED's 2.50% return.
IYH
- 1D
- -0.70%
- 1M
- -1.26%
- 6M
- 5.78%
- YTD
- 5.57%
- 1Y
- 25.47%
- 3Y*
- 8.11%
- 5Y*
- 4.87%
- 10Y*
- 9.52%
- ALL TIME*
- 8.00%
BMED
- 1D
- -0.84%
- 1M
- -1.74%
- 6M
- 0.00%
- YTD
- 2.50%
- 1Y
- 25.46%
- 3Y*
- 8.12%
- 5Y*
- 0.67%
- 10Y*
- —
- ALL TIME*
- 3.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $35.62K | $65.92K | $64.60K | |
| $63.29M | $47.38M | $52.47M |
IYH vs. BMED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IYH iShares U.S. Healthcare ETF | 5.57% | 13.16% | 2.99% | 2.14% | -4.46% | 23.41% | 8.57% |
BMED Future Health ETF | 2.50% | 21.79% | 1.55% | 5.70% | -19.69% | -3.96% | 17.62% |
Correlation
The correlation between IYH and BMED is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2020 | 0.79 |
The correlation between IYH and BMED has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
IYH vs. BMED - Sectors Allocation Comparison
Sectors
IYH
BMED
Healthcare
Technology
-
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
Energy
-
-
Financial Services
-
-
Industrials
-
-
Real Estate
-
-
Utilities
-
-
Healthcare
IYH
BMED
Technology
IYH
BMED
-
Basic Materials
IYH
-
BMED
-
Communication Services
IYH
-
BMED
-
Consumer Cyclical
IYH
-
BMED
-
Consumer Defensive
IYH
-
BMED
Energy
IYH
-
BMED
-
Financial Services
IYH
-
BMED
-
Industrials
IYH
-
BMED
-
Real Estate
IYH
-
BMED
-
Utilities
IYH
-
BMED
-
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Return for Risk
IYH vs. BMED — Risk / Return Rank
IYH
BMED
IYH vs. BMED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Healthcare ETF (IYH) and Future Health ETF (BMED). 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.
| IYH | BMED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.28 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 1.74 | +0.73 |
| Martin ratioReturn relative to average drawdown | 5.85 | 4.01 | +1.84 |
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Drawdowns
IYH vs. BMED - Drawdown Comparison
The maximum IYH drawdown since its inception was -43.12%, which is greater than BMED's maximum drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for IYH and BMED.
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Drawdown Indicators
| IYH | BMED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.12% | -36.44% | -6.68% |
Max Drawdown (1Y)Largest decline over 1 year | -10.64% | -14.85% | +4.21% |
Max Drawdown (3Y)Largest decline over 3 years | -17.91% | -20.12% | +2.21% |
Max Drawdown (5Y)Largest decline over 5 years | -17.91% | -33.90% | +15.99% |
Max Drawdown (10Y)Largest decline over 10 years | -28.40% | — | — |
Current DrawdownCurrent decline from peak | -2.77% | -3.96% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -8.92% | -18.75% | +9.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 6.43% | -1.94% |
Volatility
IYH vs. BMED - Volatility Comparison
iShares U.S. Healthcare ETF (IYH) has a higher volatility of 5.88% compared to Future Health ETF (BMED) at 5.33%. This indicates that IYH's price experiences larger fluctuations and is considered to be riskier than BMED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYH | BMED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 5.33% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 12.03% | 12.13% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.86% | 15.98% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 17.55% | -2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 17.76% | -0.94% |
IYH vs. BMED - Expense Ratio Comparison
IYH has a 0.43% expense ratio, which is lower than BMED's 0.85% expense ratio.
Dividends
IYH vs. BMED - Dividend Comparison
IYH's dividend yield for the trailing twelve months is around 1.17%, more than BMED's 0.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMED Future Health ETF | 0.26% | 0.00% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYH iShares U.S. Healthcare ETF | 1.17% | 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
IYH and BMED have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYH has higher volatility (5.88%) compared to BMED (5.33%). In terms of maximum drawdown, IYH dropped -43.12% vs BMED's -36.44%.
On 5-year performance, IYH leads with 4.87% vs 0.67% for BMED. On fees, IYH is cheaper at 0.43% per year. On volatility, BMED has been the lower-risk option at 5.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IYH has performed better with a 4.87% return vs 0.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYH is cheaper with a 0.43% expense ratio, compared with 0.85% for BMED.
IYH has the higher dividend yield at 1.17%, compared with 0.26% for BMED.
They also come from different issuers: iShares and BlackRock. Their fees differ too: 0.43% for IYH and 0.85% for BMED.
IYH currently has the higher Sharpe Ratio (1.69 vs 1.64), 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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