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IYH vs. IYJ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYH vs. IYJ

Last updated Jun 14, 2026

IYH (iShares U.S. Healthcare ETF) and IYJ (iShares U.S. Industrials ETF) are both exchange-traded funds - IYH is a Health & Biotech Equities fund tracking the Dow Jones U.S. Health Care Index, while IYJ is a Industrials Equities fund tracking the Dow Jones U.S. Industrials Index. Both are passively managed. Over the past 10 years, IYH returned 9.52%/yr vs 12.54%/yr for IYJ. A 0.65 correlation means they provide meaningful diversification when combined. IYH charges 0.43%/yr vs 0.38%/yr for IYJ.

Performance

IYH vs. IYJ - Performance Comparison

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

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Returns By Period

In the year-to-date period, IYH achieves a -0.65% return, which is significantly lower than IYJ's 7.60% return. Over the past 10 years, IYH has underperformed IYJ with an annualized return of 9.52%, while IYJ has yielded a comparatively higher 12.54% annualized return.

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%

IYJ

1D
0.68%
1M
1.18%
YTD
7.60%
6M
6.77%
1Y
16.22%
3Y*
16.65%
5Y*
8.44%
10Y*
12.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IYH vs. IYJ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IYJ
iShares U.S. Industrials ETF		7.60%11.94%17.82%19.94%-13.53%17.02%17.37%32.27%-11.69%23.98%

Correlation

The correlation between IYH and IYJ is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.48

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

0.55

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

0.61

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

0.62

Correlation (All Time)
Calculated using the full available price history since Jul 14, 2000

0.65

The correlation between IYH and IYJ shifts across timeframes, from 0.48 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.

IYH vs. IYJ - Sectors Allocation Comparison

Sectors
IYH
IYJ

Healthcare

100.0%
0.4%

Basic Materials

-

4.1%

Communication Services

-

-

Consumer Cyclical

-

1.6%

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

17.0%

Industrials

-

69.0%

Real Estate

-

-

Technology

-

7.8%

Utilities

-

3.4%

Healthcare

IYH
100.0%
IYJ
0.4%

Basic Materials

IYH

-

IYJ
4.1%

Communication Services

IYH

-

IYJ

-

Consumer Cyclical

IYH

-

IYJ
1.6%

Consumer Defensive

IYH

-

IYJ

-

Energy

IYH

-

IYJ

-

Financial Services

IYH

-

IYJ
17.0%

Industrials

IYH

-

IYJ
69.0%

Real Estate

IYH

-

IYJ

-

Technology

IYH

-

IYJ
7.8%

Utilities

IYH

-

IYJ
3.4%

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. Healthcare ETF

iShares U.S. Industrials ETF

Often compared with IYH:
IYH vs. VHTIYH vs. XLVIYH vs. SPYIYH vs. IYEIYH vs. IFRAIYH vs. BMEDIYH vs. IBB
Often compared with IYJ:
IYJ vs. XLIIYJ vs. VISIYJ vs. EXIIYJ vs. FXRIYJ vs. EFIVIYJ vs. IYKIYJ vs. FXAIX

Return for Risk

IYH vs. IYJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
IYJ
IYJ Risk / Return Rank: 2929
Overall Rank
IYJ Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
IYJ Sortino Ratio Rank: 2828
Sortino Ratio Rank
IYJ Omega Ratio Rank: 2525
Omega Ratio Rank
IYJ Calmar Ratio Rank: 2828
Calmar Ratio Rank
IYJ Martin Ratio Rank: 3333
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.

IYH vs. IYJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Healthcare ETF (IYH) and iShares U.S. Industrials ETF (IYJ). 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.

IYHIYJDifference
Sharpe ratioReturn per unit of total volatility
0.94
0.90

+0.04

Sortino ratioReturn per unit of downside risk
1.52
1.37

+0.15

Omega ratioGain probability vs. loss probability

1.17

1.16

+0.01

Calmar ratioReturn relative to maximum drawdown

1.33

1.24

+0.10

Martin ratioReturn relative to average drawdown

3.18

4.44

-1.26

IYH vs. IYJ - Sharpe Ratio Comparison

The current IYH Sharpe Ratio is 0.94, which is comparable to the IYJ Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of IYH and IYJ, 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

IYH vs. IYJ - Drawdown Comparison

The maximum IYH drawdown since its inception was -43.12%, smaller than the maximum IYJ drawdown of -61.97%. Use the drawdown chart below to compare losses from any high point for IYH and IYJ.

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Drawdown Indicators

IYHIYJDifference

Max Drawdown

Largest peak-to-trough decline

-43.12%

-61.97%

+18.85%

Max Drawdown (1Y)

Largest decline over 1 year

-10.64%

-11.39%

+0.75%

Max Drawdown (3Y)

Largest decline over 3 years

-17.91%

-19.67%

+1.76%

Max Drawdown (5Y)

Largest decline over 5 years

-17.91%

-26.24%

+8.33%

Max Drawdown (10Y)

Largest decline over 10 years

-28.40%

-40.20%

+11.80%

Current Drawdown

Current decline from peak

-3.94%

-1.61%

-2.33%

Average Drawdown

Average peak-to-trough decline

-8.96%

-11.20%

+2.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.46%

3.17%

+1.29%

Volatility

IYH vs. IYJ - Volatility Comparison

The current volatility for iShares U.S. Healthcare ETF (IYH) is 4.94%, while iShares U.S. Industrials ETF (IYJ) has a volatility of 5.76%. This indicates that IYH experiences smaller price fluctuations and is considered to be less risky than IYJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IYHIYJDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.94%

5.76%

-0.82%

Volatility (6M)

Calculated over the trailing 6-month period

10.64%

12.57%

-1.93%

Volatility (1Y)

Calculated over the trailing 1-year period

15.10%

15.71%

-0.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.96%

18.14%

-3.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.74%

19.91%

-3.17%

IYH vs. IYJ - Expense Ratio Comparison

IYH has a 0.43% expense ratio, which is higher than IYJ's 0.38% expense ratio.

Dividends

IYH vs. IYJ - Dividend Comparison

IYH's dividend yield for the trailing twelve months is around 1.25%, more than IYJ's 0.77% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IYJ
iShares U.S. Industrials ETF		0.77%0.83%0.88%1.05%1.05%0.76%1.01%1.32%1.43%1.29%1.38%1.53%

Frequently Asked Questions

IYH and IYJ have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IYJ has higher volatility (5.76%) compared to IYH (4.94%). In terms of maximum drawdown, IYH dropped -43.12% vs IYJ's -61.97%.

On 10-year performance, IYJ leads with 12.54% vs 9.52% for IYH. On fees, IYJ is cheaper at 0.38% per year. On volatility, IYH has been the lower-risk option at 4.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IYJ has performed better with a 12.54% return vs 9.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IYJ is cheaper with a 0.38% expense ratio, compared with 0.43% for IYH.

IYH has the higher dividend yield at 1.25%, compared with 0.77% for IYJ.

IYH is categorized as Health & Biotech Equities, while IYJ is Industrials Equities. IYH tracks Dow Jones U.S. Health Care Index, while IYJ tracks Dow Jones U.S. Industrials Index. Their fees differ too: 0.43% for IYH and 0.38% for IYJ.

IYH currently has the higher Sharpe Ratio (0.94 vs 0.90), 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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