IYH vs. SPY
Compare and contrast key facts about iShares U.S. Healthcare ETF (IYH) and SPDR S&P 500 ETF (SPY).
IYH and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYH is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Health Care Index. It was launched on Jun 12, 2000. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both IYH and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IYH or SPY.
Performance
IYH vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, IYH achieves a 5.99% return, which is significantly lower than SPY's 25.41% return. Over the past 10 years, IYH has underperformed SPY with an annualized return of 9.16%, while SPY has yielded a comparatively higher 13.07% annualized return.
IYH
5.99%
-5.88%
-1.55%
12.24%
9.11%
9.16%
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| IYH | SPY | |
|---|---|---|
| Sharpe Ratio | 1.17 | 2.62 |
| Sortino Ratio | 1.66 | 3.50 |
| Omega Ratio | 1.21 | 1.49 |
| Calmar Ratio | 1.27 | 3.78 |
| Martin Ratio | 4.71 | 17.00 |
| Ulcer Index | 2.71% | 1.87% |
| Daily Std Dev | 10.97% | 12.14% |
| Max Drawdown | -43.13% | -55.19% |
| Current Drawdown | -9.03% | -1.38% |
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IYH vs. SPY - Expense Ratio Comparison
IYH has a 0.43% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between IYH and SPY is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IYH vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Healthcare ETF (IYH) and SPDR S&P 500 ETF (SPY). 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.
Dividends
IYH vs. SPY - Dividend Comparison
IYH's dividend yield for the trailing twelve months is around 1.17%, less than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYH iShares U.S. Healthcare ETF | 1.17% | 1.18% | 1.10% | 0.94% | 1.16% | 1.14% | 1.95% | 1.10% | 1.29% | 2.02% | 1.05% | 1.12% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
IYH vs. SPY - Drawdown Comparison
The maximum IYH drawdown since its inception was -43.13%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IYH and SPY. For additional features, visit the drawdowns tool.
Volatility
IYH vs. SPY - Volatility Comparison
The current volatility for iShares U.S. Healthcare ETF (IYH) is 3.76%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.09%. This indicates that IYH experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.