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IYH vs. MOAT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYH vs. MOAT

Last updated Jun 13, 2026

IYH (iShares U.S. Healthcare ETF) and MOAT (VanEck Morningstar Wide Moat ETF) are both exchange-traded funds - IYH is a Health & Biotech Equities fund tracking the Dow Jones U.S. Health Care Index, while MOAT is a Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index. Both are passively managed. Over the past 10 years, IYH returned 9.52%/yr vs 13.47%/yr for MOAT. A 0.70 correlation means they provide meaningful diversification when combined. IYH charges 0.43%/yr vs 0.47%/yr for MOAT.

Performance

IYH vs. MOAT - Performance Comparison

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

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Returns By Period

The year-to-date returns for both stocks are quite close, with IYH having a -0.65% return and MOAT slightly lower at -0.66%. Over the past 10 years, IYH has underperformed MOAT with an annualized return of 9.52%, while MOAT has yielded a comparatively higher 13.47% 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%

MOAT

1D
0.41%
1M
3.44%
YTD
-0.66%
6M
-1.22%
1Y
12.57%
3Y*
10.55%
5Y*
7.78%
10Y*
13.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IYH vs. MOAT - 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%
MOAT
VanEck Morningstar Wide Moat ETF		-0.66%13.20%10.73%31.89%-13.66%24.12%14.84%34.79%-1.28%23.18%

Correlation

The correlation between IYH and MOAT is 0.54, 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

0.54

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

0.63

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

0.66

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

0.70

Correlation (All Time)
Calculated using the full available price history since Apr 25, 2012

0.70

The correlation between IYH and MOAT shifts across timeframes, from 0.54 (1 year) to 0.70 (10 years), reflecting how their relationship changes across market environments.

IYH vs. MOAT - Sectors Allocation Comparison

Sectors
IYH
MOAT

Healthcare

100.0%
16.0%

Basic Materials

-

-

Communication Services

-

2.4%

Consumer Cyclical

-

10.3%

Consumer Defensive

-

17.5%

Energy

-

-

Financial Services

-

6.7%

Industrials

-

13.5%

Real Estate

-

0.8%

Technology

-

32.8%

Utilities

-

-

Healthcare

IYH
100.0%
MOAT
16.0%

Basic Materials

IYH

-

MOAT

-

Communication Services

IYH

-

MOAT
2.4%

Consumer Cyclical

IYH

-

MOAT
10.3%

Consumer Defensive

IYH

-

MOAT
17.5%

Energy

IYH

-

MOAT

-

Financial Services

IYH

-

MOAT
6.7%

Industrials

IYH

-

MOAT
13.5%

Real Estate

IYH

-

MOAT
0.8%

Technology

IYH

-

MOAT
32.8%

Utilities

IYH

-

MOAT

-

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

VanEck Morningstar Wide Moat ETF

Often compared with IYH:
IYH vs. VHTIYH vs. XLVIYH vs. SPYIYH vs. IYEIYH vs. IFRAIYH vs. BMEDIYH vs. IBB
Often compared with MOAT:
MOAT vs. SPYMOAT vs. VOOMOAT vs. BRK-AMOAT vs. SCHDMOAT vs. IVVMOAT vs. VTIMOAT vs. IOO

Return for Risk

IYH vs. MOAT — 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
MOAT
MOAT Risk / Return Rank: 2626
Overall Rank
MOAT Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
MOAT Sortino Ratio Rank: 2828
Sortino Ratio Rank
MOAT Omega Ratio Rank: 2626
Omega Ratio Rank
MOAT Calmar Ratio Rank: 2424
Calmar Ratio Rank
MOAT Martin Ratio Rank: 2626
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. MOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Healthcare ETF (IYH) and VanEck Morningstar Wide Moat ETF (MOAT). 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.

IYHMOATDifference
Sharpe ratioReturn per unit of total volatility
0.94
0.91

+0.03

Sortino ratioReturn per unit of downside risk
1.52
1.39

+0.13

Omega ratioGain probability vs. loss probability

1.17

1.16

+0.01

Calmar ratioReturn relative to maximum drawdown

1.33

1.02

+0.32

Martin ratioReturn relative to average drawdown

3.18

3.11

+0.07

IYH vs. MOAT - Sharpe Ratio Comparison

The current IYH Sharpe Ratio is 0.94, which is comparable to the MOAT Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of IYH and MOAT, 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. MOAT - Drawdown Comparison

The maximum IYH drawdown since its inception was -43.12%, which is greater than MOAT's maximum drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for IYH and MOAT.

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Drawdown Indicators

IYHMOATDifference

Max Drawdown

Largest peak-to-trough decline

-43.12%

-33.31%

-9.81%

Max Drawdown (1Y)

Largest decline over 1 year

-10.64%

-12.43%

+1.79%

Max Drawdown (3Y)

Largest decline over 3 years

-17.91%

-21.44%

+3.53%

Max Drawdown (5Y)

Largest decline over 5 years

-17.91%

-23.96%

+6.05%

Max Drawdown (10Y)

Largest decline over 10 years

-28.40%

-33.31%

+4.91%

Current Drawdown

Current decline from peak

-3.94%

-4.45%

+0.51%

Average Drawdown

Average peak-to-trough decline

-8.96%

-3.83%

-5.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.46%

4.06%

+0.40%

Volatility

IYH vs. MOAT - Volatility Comparison

iShares U.S. Healthcare ETF (IYH) has a higher volatility of 4.94% compared to VanEck Morningstar Wide Moat ETF (MOAT) at 4.13%. This indicates that IYH's price experiences larger fluctuations and is considered to be riskier than MOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IYHMOATDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.94%

4.13%

+0.81%

Volatility (6M)

Calculated over the trailing 6-month period

10.64%

9.90%

+0.74%

Volatility (1Y)

Calculated over the trailing 1-year period

15.10%

13.93%

+1.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.96%

18.20%

-3.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.74%

18.68%

-1.94%

IYH vs. MOAT - Expense Ratio Comparison

IYH has a 0.43% expense ratio, which is lower than MOAT's 0.47% expense ratio.

Dividends

IYH vs. MOAT - Dividend Comparison

IYH's dividend yield for the trailing twelve months is around 1.25%, less than MOAT's 1.36% 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%
MOAT
VanEck Morningstar Wide Moat ETF		1.36%1.36%1.37%0.86%1.25%1.08%1.46%1.31%1.79%1.07%1.17%2.13%

Frequently Asked Questions

IYH and MOAT have a correlation of 0.54, 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 MOAT (4.13%). In terms of maximum drawdown, IYH dropped -43.12% vs MOAT's -33.31%.

On 10-year performance, MOAT leads with 13.47% vs 9.52% for IYH. On fees, IYH is cheaper at 0.43% per year. On volatility, MOAT has been the lower-risk option at 4.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, MOAT has performed better with a 13.47% return vs 9.52%. 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 0.47% for MOAT.

MOAT has the higher dividend yield at 1.36%, compared with 1.25% for IYH.

IYH is categorized as Health & Biotech Equities, while MOAT is Large Cap Blend Equities. IYH tracks Dow Jones U.S. Health Care Index, while MOAT tracks Morningstar Wide Moat Focus Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.43% for IYH and 0.47% for MOAT.

IYH currently has the higher Sharpe Ratio (0.94 vs 0.91), 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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