OAKGX vs. IHF

Last updated Jun 5, 2026

OAKGX (Oakmark Global Fund) and IHF (iShares U.S. Healthcare Providers ETF) are both funds - OAKGX is a Global Equities fund managed by Oakmark, while IHF is a Health & Biotech Equities fund tracking the Dow Jones U.S. Select Health Care Providers Index. Over the past 10 years, OAKGX returned 10.05%/yr vs 8.27%/yr for IHF. A 0.58 correlation means they provide meaningful diversification when combined. OAKGX charges 1.11%/yr vs 0.43%/yr for IHF.

Performance

OAKGX vs. IHF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Oakmark Global Fund (OAKGX) and iShares U.S. Healthcare Providers ETF (IHF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OAKGX achieves a 1.84% return, which is significantly lower than IHF's 7.93% return. Over the past 10 years, OAKGX has outperformed IHF with an annualized return of 10.05%, while IHF has yielded a comparatively lower 8.27% annualized return.

OAKGX

• 1D: -1.00%
• 1M: 2.39%
• YTD: 1.84%
• 6M: 5.59%
• 1Y: 14.67%
• 3Y*: 10.07%
• 5Y*: 5.66%
• 10Y*: 10.05%

IHF

• 1D: 3.14%
• 1M: 7.98%
• YTD: 7.93%
• 6M: 6.98%
• 1Y: 10.08%
• 3Y*: 1.25%
• 5Y*: 0.09%
• 10Y*: 8.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

OAKGX vs. IHF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OAKGX Oakmark Global Fund	1.84%	21.19%	2.53%	17.36%	-16.86%	30.47%	9.00%	29.66%	-19.02%	27.05%
IHF iShares U.S. Healthcare Providers ETF	7.93%	0.92%	-7.90%	-1.11%	-7.11%	24.46%	17.67%	22.34%	9.56%	25.45%

Correlation

The correlation between OAKGX and IHF is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since May 8, 2006	0.58

The correlation between OAKGX and IHF shifts across timeframes, from 0.43 (3 years) to 0.58 (all time), reflecting how their relationship changes across market environments.

Return for Risk

OAKGX vs. IHF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OAKGX

OAKGX Risk / Return Rank: 16
OAKGX Sharpe Ratio Rank: 16
OAKGX Sortino Ratio Rank: 17
OAKGX Omega Ratio Rank: 15
OAKGX Calmar Ratio Rank: 15
OAKGX Martin Ratio Rank: 15

IHF

IHF Risk / Return Rank: 16
IHF Sharpe Ratio Rank: 17
IHF Sortino Ratio Rank: 16
IHF Omega Ratio Rank: 18
IHF Calmar Ratio Rank: 15
IHF Martin Ratio Rank: 15

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.

OAKGX vs. IHF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Oakmark Global Fund (OAKGX) and iShares U.S. Healthcare Providers ETF (IHF). 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.

	OAKGX	IHF	Difference
Sharpe ratio: Return per unit of total volatility	1.13	0.47	+0.67
Sortino ratio: Return per unit of downside risk	1.70	0.73	+0.98
Omega ratio: Gain probability vs. loss probability	1.20	1.11	+0.10
Calmar ratio: Return relative to maximum drawdown	1.31	0.51	+0.80
Martin ratio: Return relative to average drawdown	4.19	1.19	+3.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OAKGX vs. IHF - Sharpe Ratio Comparison

The current OAKGX Sharpe Ratio is 1.13, which is higher than the IHF Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of OAKGX and IHF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OAKGX	IHF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	0.47	+0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.00	+0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.39	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.39	+0.10

Drawdowns

OAKGX vs. IHF - Drawdown Comparison

The maximum OAKGX drawdown since its inception was -60.43%, roughly equal to the maximum IHF drawdown of -58.42%. Use the drawdown chart below to compare losses from any high point for OAKGX and IHF.

Drawdown Indicators

	OAKGX	IHF	Difference
Max Drawdown Largest peak-to-trough decline	-60.43%	-58.42%	-2.01%
Max Drawdown (1Y) Largest decline over 1 year	-11.58%	-19.72%	+8.14%
Max Drawdown (3Y) Largest decline over 3 years	-15.75%	-29.85%	+14.10%
Max Drawdown (5Y) Largest decline over 5 years	-31.54%	-29.85%	-1.69%
Max Drawdown (10Y) Largest decline over 10 years	-45.14%	-35.23%	-9.91%
Current Drawdown Current decline from peak	-2.36%	-10.44%	+8.08%
Average Drawdown Average peak-to-trough decline	-9.38%	-10.65%	+1.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	8.51%	-4.90%

Volatility

OAKGX vs. IHF - Volatility Comparison

The current volatility for Oakmark Global Fund (OAKGX) is 3.33%, while iShares U.S. Healthcare Providers ETF (IHF) has a volatility of 5.89%. This indicates that OAKGX experiences smaller price fluctuations and is considered to be less risky than IHF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OAKGX	IHF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	5.89%	-2.56%
Volatility (6M) Calculated over the trailing 6-month period	9.82%	16.11%	-6.29%
Volatility (1Y) Calculated over the trailing 1-year period	13.41%	21.73%	-8.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.51%	19.15%	-0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.66%	21.02%	-0.36%

OAKGX vs. IHF - Expense Ratio Comparison

OAKGX has a 1.11% expense ratio, which is higher than IHF's 0.43% expense ratio.

Dividends

OAKGX vs. IHF - Dividend Comparison

OAKGX's dividend yield for the trailing twelve months is around 1.09%, more than IHF's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IHF iShares U.S. Healthcare Providers ETF	1.03%	1.05%	0.86%	0.79%	0.74%	0.56%	0.53%	0.58%	4.01%	0.19%	0.25%	0.20%
OAKGX Oakmark Global Fund	1.09%	1.11%	1.19%	4.35%	0.75%	17.98%	0.16%	3.71%	14.80%	7.50%	1.07%	2.87%

Frequently Asked Questions

Can I hold both OAKGX and IHF in my portfolio?

OAKGX and IHF have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OAKGX or IHF?

IHF has higher volatility (5.89%) compared to OAKGX (3.33%). In terms of maximum drawdown, OAKGX dropped -60.43% vs IHF's -58.42%.

Which has better risk-adjusted returns?

OAKGX currently has the higher Sharpe Ratio (1.13 vs 0.47), 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.