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IYH vs. IYR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYH vs. IYR

Last updated Jun 13, 2026

IYH (iShares U.S. Healthcare ETF) and IYR (iShares U.S. Real Estate ETF) are both exchange-traded funds - IYH is a Health & Biotech Equities fund tracking the Dow Jones U.S. Health Care Index, while IYR is a REIT fund tracking the Dow Jones U.S. Real Estate Index. Both are passively managed. Over the past 10 years, IYH returned 9.52%/yr vs 5.97%/yr for IYR. A 0.52 correlation means they provide meaningful diversification when combined. IYH charges 0.43%/yr vs 0.42%/yr for IYR.

Performance

IYH vs. IYR - 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. Real Estate ETF (IYR). 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 IYR's 11.47% return. Over the past 10 years, IYH has outperformed IYR with an annualized return of 9.52%, while IYR has yielded a comparatively lower 5.97% annualized return.

IYH

1D
-0.20%
1M
4.45%
YTD
-0.65%
6M
0.07%
1Y
14.13%
3Y*
6.45%
5Y*
4.89%
10Y*
9.52%

IYR

1D
0.89%
1M
2.31%
YTD
11.47%
6M
11.46%
1Y
11.41%
3Y*
9.71%
5Y*
2.47%
10Y*
5.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IYH vs. IYR - 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%
IYR
iShares U.S. Real Estate ETF		11.47%3.38%4.41%11.89%-25.51%38.74%-5.23%28.21%-4.33%9.31%

Correlation

The correlation between IYH and IYR 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

0.54

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

0.61

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

0.53

Correlation (All Time)
Calculated using the full available price history since Jun 19, 2000

0.52

The correlation between IYH and IYR shifts across timeframes, from 0.45 (1 year) to 0.61 (5 years), reflecting how their relationship changes across market environments.

IYH vs. IYR - Sectors Allocation Comparison

Sectors
IYH
IYR

Healthcare

100.0%

-

Basic Materials

-

1.3%

Communication Services

-

0.6%

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Industrials

-

-

Real Estate

-

97.9%

Technology

-

-

Utilities

-

-

Healthcare

IYH
100.0%
IYR

-

Basic Materials

IYH

-

IYR
1.3%

Communication Services

IYH

-

IYR
0.6%

Consumer Cyclical

IYH

-

IYR

-

Consumer Defensive

IYH

-

IYR

-

Energy

IYH

-

IYR

-

Financial Services

IYH

-

IYR

-

Industrials

IYH

-

IYR

-

Real Estate

IYH

-

IYR
97.9%

Technology

IYH

-

IYR

-

Utilities

IYH

-

IYR

-

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. Real Estate ETF

Often compared with IYH:
IYH vs. VHTIYH vs. XLVIYH vs. SPYIYH vs. IYEIYH vs. BMEDIYH vs. IFRAIYH vs. IBB
Often compared with IYR:
IYR vs. VNQIYR vs. XLREIYR vs. VOOIYR vs. REZIYR vs. ICFIYR vs. REMIYR vs. FRI

Return for Risk

IYH vs. IYR — 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
IYR
IYR Risk / Return Rank: 2828
Overall Rank
IYR Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
IYR Sortino Ratio Rank: 2525
Sortino Ratio Rank
IYR Omega Ratio Rank: 2525
Omega Ratio Rank
IYR Calmar Ratio Rank: 3131
Calmar Ratio Rank
IYR Martin Ratio Rank: 3232
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. IYR - 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. Real Estate ETF (IYR). 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.

IYHIYRDifference
Sharpe ratioReturn per unit of total volatility
0.94
0.84

+0.10

Sortino ratioReturn per unit of downside risk
1.52
1.24

+0.28

Omega ratioGain probability vs. loss probability

1.17

1.15

+0.02

Calmar ratioReturn relative to maximum drawdown

1.33

1.34

-0.01

Martin ratioReturn relative to average drawdown

3.18

4.19

-1.01

IYH vs. IYR - Sharpe Ratio Comparison

The current IYH Sharpe Ratio is 0.94, which is comparable to the IYR Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of IYH and IYR, 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. IYR - Drawdown Comparison

The maximum IYH drawdown since its inception was -43.12%, smaller than the maximum IYR drawdown of -74.13%. Use the drawdown chart below to compare losses from any high point for IYH and IYR.

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Drawdown Indicators

IYHIYRDifference

Max Drawdown

Largest peak-to-trough decline

-43.12%

-74.13%

+31.01%

Max Drawdown (1Y)

Largest decline over 1 year

-10.64%

-8.54%

-2.10%

Max Drawdown (3Y)

Largest decline over 3 years

-17.91%

-17.52%

-0.39%

Max Drawdown (5Y)

Largest decline over 5 years

-17.91%

-33.75%

+15.84%

Max Drawdown (10Y)

Largest decline over 10 years

-28.40%

-42.32%

+13.92%

Current Drawdown

Current decline from peak

-3.94%

0.00%

-3.94%

Average Drawdown

Average peak-to-trough decline

-8.96%

-12.89%

+3.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.46%

2.73%

+1.73%

Volatility

IYH vs. IYR - Volatility Comparison

iShares U.S. Healthcare ETF (IYH) and iShares U.S. Real Estate ETF (IYR) have volatilities of 4.94% and 4.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IYHIYRDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.94%

4.80%

+0.14%

Volatility (6M)

Calculated over the trailing 6-month period

10.64%

9.87%

+0.77%

Volatility (1Y)

Calculated over the trailing 1-year period

15.10%

13.58%

+1.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.96%

18.76%

-3.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.74%

20.34%

-3.60%

IYH vs. IYR - Expense Ratio Comparison

IYH has a 0.43% expense ratio, which is higher than IYR's 0.42% expense ratio.

Dividends

IYH vs. IYR - Dividend Comparison

IYH's dividend yield for the trailing twelve months is around 1.25%, less than IYR's 2.15% 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%
IYR
iShares U.S. Real Estate ETF		2.15%2.48%2.57%2.75%2.92%2.06%2.58%3.05%3.53%3.73%4.41%3.92%

Frequently Asked Questions

IYH and IYR 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 IYR (4.80%). In terms of maximum drawdown, IYH dropped -43.12% vs IYR's -74.13%.

On 10-year performance, IYH leads with 9.52% vs 5.97% for IYR. On fees, IYR is cheaper at 0.42% per year. On volatility, IYR has been the lower-risk option at 4.80%. 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 9.52% return vs 5.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

IYR has the higher dividend yield at 2.15%, compared with 1.25% for IYH.

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

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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