MEDI vs. IHI
Compare and contrast key facts about Harbor Health Care ETF (MEDI) and iShares U.S. Medical Devices ETF (IHI).
MEDI and IHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MEDI is an actively managed fund by Harbor. It was launched on Nov 16, 2022. IHI is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Medical Equipment Index. It was launched on May 5, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MEDI or IHI.
Key characteristics
| MEDI | IHI | |
|---|---|---|
| YTD Return | 6.96% | 12.31% |
| 1Y Return | 22.36% | 30.14% |
| Sharpe Ratio | 1.58 | 2.22 |
| Sortino Ratio | 2.27 | 3.06 |
| Omega Ratio | 1.28 | 1.38 |
| Calmar Ratio | 2.59 | 1.10 |
| Martin Ratio | 5.64 | 10.32 |
| Ulcer Index | 4.21% | 3.17% |
| Daily Std Dev | 15.09% | 14.71% |
| Max Drawdown | -9.16% | -49.64% |
| Current Drawdown | -6.57% | -8.66% |
Correlation
The correlation between MEDI and IHI is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MEDI vs. IHI - Performance Comparison
In the year-to-date period, MEDI achieves a 6.96% return, which is significantly lower than IHI's 12.31% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MEDI vs. IHI - Expense Ratio Comparison
MEDI has a 0.80% expense ratio, which is higher than IHI's 0.43% expense ratio.
Risk-Adjusted Performance
MEDI vs. IHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Health Care ETF (MEDI) and iShares U.S. Medical Devices ETF (IHI). 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
MEDI vs. IHI - Dividend Comparison
MEDI's dividend yield for the trailing twelve months is around 0.62%, more than IHI's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEDI Harbor Health Care ETF | 0.62% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IHI iShares U.S. Medical Devices ETF | 0.43% | 0.53% | 0.45% | 0.25% | 0.25% | 0.33% | 0.26% | 0.37% | 0.55% | 1.28% | 0.65% | 0.33% |
Drawdowns
MEDI vs. IHI - Drawdown Comparison
The maximum MEDI drawdown since its inception was -9.16%, smaller than the maximum IHI drawdown of -49.64%. Use the drawdown chart below to compare losses from any high point for MEDI and IHI. For additional features, visit the drawdowns tool.
Volatility
MEDI vs. IHI - Volatility Comparison
The current volatility for Harbor Health Care ETF (MEDI) is 3.58%, while iShares U.S. Medical Devices ETF (IHI) has a volatility of 4.37%. This indicates that MEDI experiences smaller price fluctuations and is considered to be less risky than IHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.