IYH vs. GSKH

Last updated Jun 24, 2026

IYH (iShares U.S. Healthcare ETF) and GSKH (GSK plc ADRhedged ETF) are both Health & Biotech Equities funds - IYH tracks the Dow Jones U.S. Health Care Index while GSKH tracks the GSK plc Local Shares Total Return. Both are passively managed. Over the past year, IYH returned 17.06% vs 42.66% for GSKH. A 0.56 correlation means they provide meaningful diversification when combined. IYH charges 0.43%/yr vs 0.19%/yr for GSKH.

Performance

IYH vs. GSKH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Healthcare ETF (IYH) and GSK plc ADRhedged ETF (GSKH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IYH achieves a -1.09% return, which is significantly lower than GSKH's 9.90% return.

IYH

• 1D: 1.35%
• 1M: 1.93%
• YTD: -1.09%
• 6M: -1.41%
• 1Y: 17.06%
• 3Y*: 6.07%
• 5Y*: 4.59%
• 10Y*: 9.74%

GSKH

• 1D: 2.87%
• 1M: 2.94%
• YTD: 9.90%
• 6M: 10.56%
• 1Y: 42.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IYH vs. GSKH - Yearly Performance Comparison

	2026 (YTD)	2025
IYH iShares U.S. Healthcare ETF	-1.09%	11.98%
GSKH GSK plc ADRhedged ETF	9.90%	36.51%

Correlation

The correlation between IYH and GSKH is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (All Time) Calculated using the full available price history since Jan 7, 2025	0.56

The correlation between IYH and GSKH has been stable across timeframes, ranging from 0.56 to 0.58 - a consistent structural relationship.

Return for Risk

IYH vs. GSKH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IYH

IYH Risk / Return Rank: 32
IYH Sharpe Ratio Rank: 33
IYH Sortino Ratio Rank: 35
IYH Omega Ratio Rank: 31
IYH Calmar Ratio Rank: 33
IYH Martin Ratio Rank: 28

GSKH

GSKH Risk / Return Rank: 51
GSKH Sharpe Ratio Rank: 53
GSKH Sortino Ratio Rank: 56
GSKH Omega Ratio Rank: 54
GSKH Calmar Ratio Rank: 51
GSKH Martin Ratio Rank: 41

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.

IYH vs. GSKH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Healthcare ETF (IYH) and GSK plc ADRhedged ETF (GSKH). 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	GSKH	Difference
Sharpe ratio: Return per unit of total volatility	1.13	1.64	-0.51
Sortino ratio: Return per unit of downside risk	1.80	2.43	-0.63
Omega ratio: Gain probability vs. loss probability	1.20	1.30	-0.10
Calmar ratio: Return relative to maximum drawdown	1.61	2.31	-0.70
Martin ratio: Return relative to average drawdown	3.79	6.06	-2.27

IYH vs. GSKH - Sharpe Ratio Comparison

The current IYH Sharpe Ratio is 1.13, which is lower than the GSKH Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of IYH and GSKH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IYH vs. GSKH - Drawdown Comparison

The maximum IYH drawdown since its inception was -43.12%, which is greater than GSKH's maximum drawdown of -18.54%. Use the drawdown chart below to compare losses from any high point for IYH and GSKH.

Drawdown Indicators

	IYH	GSKH	Difference
Max Drawdown Largest peak-to-trough decline	-43.12%	-18.54%	-24.58%
Max Drawdown (1Y) Largest decline over 1 year	-10.64%	-18.54%	+7.90%
Max Drawdown (3Y) Largest decline over 3 years	-17.91%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.91%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.40%	—	—
Current Drawdown Current decline from peak	-4.36%	-11.62%	+7.26%
Average Drawdown Average peak-to-trough decline	-8.95%	-5.86%	-3.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.51%	7.06%	-2.55%

Volatility

IYH vs. GSKH - Volatility Comparison

The current volatility for iShares U.S. Healthcare ETF (IYH) is 5.14%, while GSK plc ADRhedged ETF (GSKH) has a volatility of 6.89%. This indicates that IYH experiences smaller price fluctuations and is considered to be less risky than GSKH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IYH	GSKH	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.14%	6.89%	-1.75%
Volatility (6M) Calculated over the trailing 6-month period	10.68%	18.67%	-7.99%
Volatility (1Y) Calculated over the trailing 1-year period	15.12%	26.14%	-11.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.98%	26.95%	-11.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.73%	26.95%	-10.22%

IYH vs. GSKH - Expense Ratio Comparison

IYH has a 0.43% expense ratio, which is higher than GSKH's 0.19% expense ratio.

Dividends

IYH vs. GSKH - Dividend Comparison

IYH's dividend yield for the trailing twelve months is around 1.25%, less than GSKH's 2.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSKH GSK plc ADRhedged ETF	2.82%	1.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both IYH and GSKH in my portfolio?

IYH and GSKH have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IYH or GSKH?

GSKH has higher volatility (6.89%) compared to IYH (5.14%). In terms of maximum drawdown, IYH dropped -43.12% vs GSKH's -18.54%.

Which ETF is better, IYH or GSKH?

On 1-year performance, GSKH leads with 42.66% vs 17.06% for IYH. On fees, GSKH is cheaper at 0.19% per year. On volatility, IYH has been the lower-risk option at 5.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYH or GSKH?

Over the 1-year period, GSKH has performed better with a 42.66% return vs 17.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYH or GSKH?

GSKH is cheaper with a 0.19% expense ratio, compared with 0.43% for IYH.

Which ETF pays a higher dividend yield, IYH or GSKH?

GSKH has the higher dividend yield at 2.82%, compared with 1.25% for IYH.

What is the main difference between IYH and GSKH?

IYH tracks Dow Jones U.S. Health Care Index, while GSKH tracks GSK plc Local Shares Total Return. They also come from different issuers: iShares and ADRhedged. Their fees differ too: 0.43% for IYH and 0.19% for GSKH.

Which has better risk-adjusted returns?

GSKH currently has the higher Sharpe Ratio (1.64 vs 1.13), 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.