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MEDI vs. IYH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MEDI vs. IYH

Last updated Jun 3, 2026

MEDI (Harbor Health Care ETF) and IYH (iShares U.S. Healthcare ETF) are both Health & Biotech Equities funds. MEDI is actively managed, while IYH is passively managed. Over the past 3 years, MEDI returned 12.07%/yr vs 5.14%/yr for IYH. A 0.75 correlation means they provide meaningful diversification when combined. MEDI charges 0.80%/yr vs 0.43%/yr for IYH.

Performance

MEDI vs. IYH - Performance Comparison

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

Loading charts...

Returns By Period

The year-to-date returns for both stocks are quite close, with MEDI having a -5.02% return and IYH slightly lower at -5.10%.

MEDI

1D
-1.26%
1M
0.31%
YTD
-5.02%
6M
-5.18%
1Y
17.42%
3Y*
12.07%
5Y*
—
10Y*
—

IYH

1D
-1.14%
1M
0.85%
YTD
-5.10%
6M
-4.82%
1Y
12.33%
3Y*
5.14%
5Y*
4.48%
10Y*
8.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MEDI vs. IYH - Yearly Performance Comparison

2026 (YTD)2025202420232022
MEDI
Harbor Health Care ETF		-5.02%27.11%0.58%24.87%2.60%
IYH
iShares U.S. Healthcare ETF		-5.10%13.16%2.99%2.14%2.78%

Correlation

The correlation between MEDI and IYH is 0.79, 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

0.79

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

0.73

Correlation (All Time)
Calculated using the full available price history since Nov 18, 2022

0.75

The correlation between MEDI and IYH has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.

MEDI vs. IYH - Sectors Allocation Comparison

Sectors
MEDI
IYH

Healthcare

100.0%
100.0%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Healthcare

MEDI
100.0%
IYH
100.0%

Basic Materials

MEDI

-

IYH

-

Communication Services

MEDI

-

IYH

-

Consumer Cyclical

MEDI

-

IYH

-

Consumer Defensive

MEDI

-

IYH

-

Energy

MEDI

-

IYH

-

Financial Services

MEDI

-

IYH

-

Industrials

MEDI

-

IYH

-

Real Estate

MEDI

-

IYH

-

Technology

MEDI

-

IYH

-

Utilities

MEDI

-

IYH

-

Compare stocks, funds, or ETFs

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

Harbor Health Care ETF

iShares U.S. Healthcare ETF

Often compared with MEDI:
MEDI vs. MEDXMEDI vs. HDIVXMEDI vs. FTXHMEDI vs. WHCS.ASMEDI vs. RSPHMEDI vs. IHIMEDI vs. FDL
Often compared with IYH:
IYH vs. VHTIYH vs. XLVIYH vs. SPYIYH vs. IYEIYH vs. BMEDIYH vs. IFRAIYH vs. IBB

Return for Risk

MEDI vs. IYH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MEDI
MEDI Risk / Return Rank: 2626
Overall Rank
MEDI Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
MEDI Sortino Ratio Rank: 2626
Sortino Ratio Rank
MEDI Omega Ratio Rank: 2424
Omega Ratio Rank
MEDI Calmar Ratio Rank: 2727
Calmar Ratio Rank
MEDI Martin Ratio Rank: 2828
Martin Ratio Rank
IYH
IYH Risk / Return Rank: 2424
Overall Rank
IYH Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
IYH Sortino Ratio Rank: 2525
Sortino Ratio Rank
IYH Omega Ratio Rank: 2323
Omega Ratio Rank
IYH Calmar Ratio Rank: 2424
Calmar Ratio Rank
IYH Martin Ratio Rank: 2222
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.

MEDI vs. IYH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Health Care ETF (MEDI) 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.

MEDIIYHDifference

Sharpe ratio

Return per unit of total volatility

0.88

0.84

+0.04

Sortino ratio

Return per unit of downside risk

1.40

1.36

+0.05

Omega ratio

Gain probability vs. loss probability

1.16

1.15

+0.01

Calmar ratio

Return relative to maximum drawdown

1.37

1.17

+0.20

Martin ratio

Return relative to average drawdown

4.13

2.83

+1.30

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MEDI vs. IYH - Sharpe Ratio Comparison

The current MEDI Sharpe Ratio is 0.88, which is comparable to the IYH Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of MEDI 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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Sharpe Ratios by Period

MEDIIYHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.88

0.84

+0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.30

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.53

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.72

0.42

+0.30

Drawdowns

MEDI vs. IYH - Drawdown Comparison

The maximum MEDI drawdown since its inception was -19.24%, smaller than the maximum IYH drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for MEDI and IYH.

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Drawdown Indicators

MEDIIYHDifference

Max Drawdown

Largest peak-to-trough decline

-19.24%

-43.12%

+23.88%

Max Drawdown (1Y)

Largest decline over 1 year

-15.34%

-10.64%

-4.70%

Max Drawdown (3Y)

Largest decline over 3 years

-19.24%

-17.91%

-1.33%

Max Drawdown (5Y)

Largest decline over 5 years

—

-17.91%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.40%

—

Current Drawdown

Current decline from peak

-8.97%

-8.24%

-0.73%

Average Drawdown

Average peak-to-trough decline

-4.28%

-8.96%

+4.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.08%

4.38%

+0.70%

Volatility

MEDI vs. IYH - Volatility Comparison

Harbor Health Care ETF (MEDI) has a higher volatility of 6.38% compared to iShares U.S. Healthcare ETF (IYH) at 4.15%. This indicates that MEDI'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.

Loading charts...

Volatility by Period

MEDIIYHDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.38%

4.15%

+2.23%

Volatility (6M)

Calculated over the trailing 6-month period

15.48%

10.35%

+5.13%

Volatility (1Y)

Calculated over the trailing 1-year period

20.01%

14.72%

+5.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.64%

14.91%

+3.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.64%

16.72%

+1.92%

MEDI vs. IYH - Expense Ratio Comparison

MEDI has a 0.80% expense ratio, which is higher than IYH's 0.43% expense ratio.

Dividends

MEDI vs. IYH - Dividend Comparison

MEDI's dividend yield for the trailing twelve months is around 0.29%, less than IYH's 1.31% yield.

PositionTTM20252024202320222021202020192018201720162015
IYH
iShares U.S. Healthcare ETF		1.31%1.19%1.25%1.18%1.10%0.94%1.16%1.14%1.95%1.10%1.29%2.02%
MEDI
Harbor Health Care ETF		0.29%0.28%0.54%1.86%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MEDI and IYH have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MEDI has higher volatility (6.38%) compared to IYH (4.15%). In terms of maximum drawdown, MEDI dropped -19.24% vs IYH's -43.12%.

On 3-year performance, MEDI leads with 12.07% vs 5.14% for IYH. On fees, IYH is cheaper at 0.43% per year. On volatility, IYH has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, MEDI has performed better with a 12.07% return vs 5.14%. 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 0.80% for MEDI.

IYH has the higher dividend yield at 1.31%, compared with 0.29% for MEDI.

They also come from different issuers: Harbor and iShares. Their fees differ too: 0.80% for MEDI and 0.43% for IYH.

MEDI currently has the higher Sharpe Ratio (0.88 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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