IYH vs. BND
IYH (iShares U.S. Healthcare ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - IYH is a Health & Biotech Equities fund tracking the Dow Jones U.S. Health Care Index, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 10 years, IYH returned 9.38%/yr vs 1.53%/yr for BND. At a correlation of -0.07, they often move in opposite directions. IYH charges 0.43%/yr vs 0.03%/yr for BND.
Performance
IYH vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, IYH achieves a -1.29% return, which is significantly lower than BND's -0.07% return. Over the past 10 years, IYH has outperformed BND with an annualized return of 9.38%, while BND has yielded a comparatively lower 1.53% annualized return.
IYH
- 1D
- -0.28%
- 1M
- 6.02%
- YTD
- -1.29%
- 6M
- 0.79%
- 1Y
- 15.28%
- 3Y*
- 6.60%
- 5Y*
- 4.95%
- 10Y*
- 9.38%
BND
- 1D
- -0.03%
- 1M
- -0.67%
- YTD
- -0.07%
- 6M
- 0.23%
- 1Y
- 4.87%
- 3Y*
- 3.89%
- 5Y*
- -0.05%
- 10Y*
- 1.53%
IYH vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYH iShares U.S. Healthcare ETF | -1.29% | 13.16% | 2.99% | 2.14% | -4.46% | 23.41% | 15.56% | 20.80% | 5.80% | 22.27% |
BND Vanguard Total Bond Market ETF | -0.07% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between IYH and BND is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2007 | -0.07 |
The correlation between IYH and BND shifts across timeframes, from -0.07 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IYH vs. BND — Risk / Return Rank
IYH
BND
IYH vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Healthcare ETF (IYH) and Vanguard Total Bond Market ETF (BND). 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.
| IYH | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.83 | -0.39 |
| Martin ratioReturn relative to average drawdown | 3.45 | 5.43 | -1.97 |
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
| IYH | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.32 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | -0.01 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.28 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.58 | -0.15 |
Drawdowns
IYH vs. BND - Drawdown Comparison
The maximum IYH drawdown since its inception was -43.12%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for IYH and BND.
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Drawdown Indicators
| IYH | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.12% | -18.58% | -24.54% |
Max Drawdown (1Y)Largest decline over 1 year | -10.64% | -2.68% | -7.96% |
Max Drawdown (3Y)Largest decline over 3 years | -17.91% | -5.92% | -11.99% |
Max Drawdown (5Y)Largest decline over 5 years | -17.91% | -17.91% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | -28.40% | -18.58% | -9.82% |
Current DrawdownCurrent decline from peak | -4.56% | -2.70% | -1.86% |
Average DrawdownAverage peak-to-trough decline | -8.96% | -3.06% | -5.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.43% | 0.90% | +3.53% |
Volatility
IYH vs. BND - Volatility Comparison
iShares U.S. Healthcare ETF (IYH) has a higher volatility of 4.97% compared to Vanguard Total Bond Market ETF (BND) at 1.20%. This indicates that IYH's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYH | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 1.20% | +3.77% |
Volatility (6M)Calculated over the trailing 6-month period | 10.67% | 2.69% | +7.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.03% | 3.72% | +11.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.97% | 6.02% | +8.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 5.53% | +11.21% |
IYH vs. BND - Expense Ratio Comparison
IYH has a 0.43% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
IYH vs. BND - Dividend Comparison
IYH's dividend yield for the trailing twelve months is around 1.26%, less than BND's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.98% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
IYH iShares U.S. Healthcare ETF | 1.26% | 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 BND have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYH has higher volatility (4.97%) compared to BND (1.20%). In terms of maximum drawdown, IYH dropped -43.12% vs BND's -18.58%.
On 10-year performance, IYH leads with 9.38% vs 1.53% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IYH has performed better with a 9.38% return vs 1.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.43% for IYH.
BND has the higher dividend yield at 3.98%, compared with 1.26% for IYH.
IYH is categorized as Health & Biotech Equities, while BND is Total Bond Market. IYH tracks Dow Jones U.S. Health Care Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.43% for IYH and 0.03% for BND.
BND currently has the higher Sharpe Ratio (1.32 vs 1.02), 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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