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KURE vs. IYH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KURE vs. IYH

Last updated Aug 2, 2026
Documentation

KURE (KraneShares MSCI All China Health Care Index ETF) and IYH (iShares U.S. Healthcare ETF) are both exchange-traded funds - KURE is a China Equities fund tracking the MSCI China All Shares Health Care 10/40 Index, while IYH is a Health & Biotech Equities fund tracking the Dow Jones U.S. Health Care Index. Both are passively managed. Over the past 5 years, KURE returned -12.04%/yr vs 4.87%/yr for IYH. Their 0.25 correlation means their historical movements had little consistent relationship. KURE charges 0.65%/yr vs 0.43%/yr for IYH.

Performance

KURE vs. IYH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares MSCI All China Health Care Index ETF (KURE) and iShares U.S. Healthcare ETF (IYH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, KURE achieves a 1.41% return, which is significantly lower than IYH's 5.57% return.

KURE

1D
0.06%
1M
5.01%
6M
-2.43%
YTD
1.41%
1Y
-7.37%
3Y*
-0.53%
5Y*
-12.04%
10Y*
—
ALL TIME*
-1.87%

IYH

1D
-0.70%
1M
-1.26%
6M
5.78%
YTD
5.57%
1Y
25.47%
3Y*
8.11%
5Y*
4.87%
10Y*
9.52%
ALL TIME*
8.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IYH

iShares U.S. Healthcare ETF
$63.29M$47.38M$52.47M

KURE

KraneShares MSCI All China Health Care Index ETF
$507.63K$1.60M$845.13K

KURE vs. IYH - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
KURE
KraneShares MSCI All China Health Care Index ETF		1.41%24.87%-17.83%-17.70%-25.43%-16.01%68.97%34.30%-30.01%
IYH
iShares U.S. Healthcare ETF		5.57%13.16%2.99%2.14%-4.46%23.41%15.56%20.80%-0.72%

Correlation

The correlation between KURE and IYH is 0.16, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.16

Correlation (3Y)
Balances recent behavior with more history.

0.16

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.19

Correlation (All Time)
Calculated using the full available price history since Feb 1, 2018

0.25

KURE vs. IYH - Sectors Allocation Comparison

Sectors
KURE
IYH

Healthcare

99.3%
99.3%

Consumer Defensive

0.7%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Energy

-

-

Financial Services

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

0.5%

Utilities

-

-

Healthcare

KURE
99.3%
IYH
99.3%

Consumer Defensive

KURE
0.7%
IYH

-

Basic Materials

KURE

-

IYH

-

Communication Services

KURE

-

IYH

-

Consumer Cyclical

KURE

-

IYH

-

Energy

KURE

-

IYH

-

Financial Services

KURE

-

IYH

-

Industrials

KURE

-

IYH

-

Real Estate

KURE

-

IYH

-

Technology

KURE

-

IYH
0.5%

Utilities

KURE

-

IYH

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

KraneShares MSCI All China Health Care Index ETF

iShares U.S. Healthcare ETF

Often compared with KURE:
KURE vs. CHIQKURE vs. PILLKURE vs. CQQQKURE vs. CNYAKURE vs. CUREKURE vs. VOOKURE vs. FXI
Often compared with IYH:
IYH vs. VHTIYH vs. XLVIYH vs. SPYIYH vs. IYEIYH vs. BMEDIYH vs. IFRAIYH vs. IBB

Return for Risk

KURE vs. IYH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
KURE
KURE Risk / Return Rank: 77
Overall Rank
KURE Sharpe Ratio Rank: 77
Sharpe Ratio Rank
KURE Sortino Ratio Rank: 77
Sortino Ratio Rank
KURE Omega Ratio Rank: 77
Omega Ratio Rank
KURE Calmar Ratio Rank: 77
Calmar Ratio Rank
KURE Martin Ratio Rank: 77
Martin Ratio Rank
IYH
IYH Risk / Return Rank: 7070
Overall Rank
IYH Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IYH Sortino Ratio Rank: 8282
Sortino Ratio Rank
IYH Omega Ratio Rank: 7070
Omega Ratio Rank
IYH Calmar Ratio Rank: 7171
Calmar Ratio Rank
IYH Martin Ratio Rank: 5151
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KURE vs. IYH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI All China Health Care Index ETF (KURE) and iShares U.S. Healthcare ETF (IYH). 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.

KUREIYHDifference
Sharpe ratioReturn per unit of total volatility
-0.30
1.69

-1.98

Sortino ratioReturn per unit of downside risk
-0.23
2.64

-2.87

Omega ratioGain probability vs. loss probability

0.97

1.29

-0.32

Calmar ratioReturn relative to maximum drawdown

-0.27

2.47

-2.74

Martin ratioReturn relative to average drawdown

-0.52

5.85

-6.37

KURE vs. IYH - Sharpe Ratio Comparison

The current KURE Sharpe Ratio is -0.30, which is lower than the IYH Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of KURE and IYH, 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

KURE vs. IYH - Drawdown Comparison

The maximum KURE drawdown since its inception was -68.53%, which is greater than IYH's maximum drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for KURE and IYH.

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Drawdown Indicators

KUREIYHDifference

Max Drawdown

Largest peak-to-trough decline

-68.53%

-43.12%

-25.41%

Max Drawdown (1Y)

Largest decline over 1 year

-30.88%

-10.64%

-20.24%

Max Drawdown (3Y)

Largest decline over 3 years

-34.05%

-17.91%

-16.14%

Max Drawdown (5Y)

Largest decline over 5 years

-63.97%

-17.91%

-46.06%

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.40%

—

Current Drawdown

Current decline from peak

-55.84%

-2.77%

-53.07%

Average Drawdown

Average peak-to-trough decline

-38.43%

-8.92%

-29.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

16.07%

4.49%

+11.58%

Volatility

KURE vs. IYH - Volatility Comparison

KraneShares MSCI All China Health Care Index ETF (KURE) has a higher volatility of 10.91% compared to iShares U.S. Healthcare ETF (IYH) at 5.88%. This indicates that KURE's price experiences larger fluctuations and is considered to be riskier than IYH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

KUREIYHDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.91%

5.88%

+5.03%

Volatility (6M)

Calculated over the trailing 6-month period

20.85%

12.03%

+8.82%

Volatility (1Y)

Calculated over the trailing 1-year period

28.26%

15.86%

+12.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

31.46%

15.24%

+16.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.44%

16.82%

+15.62%

KURE vs. IYH - Expense Ratio Comparison

KURE has a 0.65% expense ratio, which is higher than IYH's 0.43% expense ratio.

Dividends

KURE vs. IYH - Dividend Comparison

KURE's dividend yield for the trailing twelve months is around 4.14%, more than IYH's 1.17% yield.

PositionTTM20252024202320222021202020192018201720162015
IYH
iShares U.S. Healthcare ETF		1.17%1.19%1.25%1.18%1.10%0.94%1.16%1.14%1.95%1.10%1.29%2.02%
KURE
KraneShares MSCI All China Health Care Index ETF		4.14%4.19%1.29%0.65%0.05%14.12%0.00%0.25%0.21%0.00%0.00%0.00%

Frequently Asked Questions

KURE and IYH have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

KURE has higher volatility (10.91%) compared to IYH (5.88%). In terms of maximum drawdown, KURE dropped -68.53% vs IYH's -43.12%.

On 5-year performance, IYH leads with 4.87% vs -12.04% for KURE. On fees, IYH is cheaper at 0.43% per year. On volatility, IYH has been the lower-risk option at 5.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IYH has performed better with a 4.87% return vs -12.04%. 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 0.65% for KURE.

KURE has the higher dividend yield at 4.14%, compared with 1.17% for IYH.

KURE is categorized as China Equities, while IYH is Health & Biotech Equities. KURE tracks MSCI China All Shares Health Care 10/40 Index, while IYH tracks Dow Jones U.S. Health Care Index. They also come from different issuers: CICC and iShares. Their fees differ too: 0.65% for KURE and 0.43% for IYH.

IYH currently has the higher Sharpe Ratio (1.69 vs -0.30), 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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