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PINK vs. IYH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PINK vs. IYH

Last updated Jun 3, 2026

PINK (Simplify Health Care ETF) and IYH (iShares U.S. Healthcare ETF) are both Health & Biotech Equities funds. PINK is actively managed, while IYH is passively managed. Over the past 3 years, PINK returned 13.94%/yr vs 5.48%/yr for IYH. Their correlation of 0.84 suggests significant overlap in exposure. PINK charges 0.50%/yr vs 0.43%/yr for IYH.

Performance

PINK vs. IYH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Health Care ETF (PINK) 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, PINK achieves a 1.14% return, which is significantly higher than IYH's -4.19% return.

PINK

1D
-1.18%
1M
5.87%
YTD
1.14%
6M
2.05%
1Y
30.58%
3Y*
13.94%
5Y*
—
10Y*
—

IYH

1D
0.96%
1M
1.98%
YTD
-4.19%
6M
-4.54%
1Y
13.08%
3Y*
5.48%
5Y*
4.59%
10Y*
8.96%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PINK vs. IYH - Yearly Performance Comparison

2026 (YTD)20252024202320222021
PINK
Simplify Health Care ETF		1.14%24.34%8.81%3.80%-4.41%12.20%
IYH
iShares U.S. Healthcare ETF		-4.19%13.16%2.99%2.14%-4.46%9.47%

Correlation

The correlation between PINK and IYH is 0.73, 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

0.73

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

0.77

Correlation (All Time)
Calculated using the full available price history since Oct 11, 2021

0.84

The correlation between PINK and IYH shifts across timeframes, from 0.73 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.

PINK vs. IYH - Sectors Allocation Comparison

Sectors
PINK
IYH

Healthcare

93.1%
100.0%

Industrials

6.9%

-

Financial Services

0.0%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Healthcare

PINK
93.1%
IYH
100.0%

Industrials

PINK
6.9%
IYH

-

Financial Services

PINK
0.0%
IYH

-

Basic Materials

PINK

-

IYH

-

Communication Services

PINK

-

IYH

-

Consumer Cyclical

PINK

-

IYH

-

Consumer Defensive

PINK

-

IYH

-

Energy

PINK

-

IYH

-

Real Estate

PINK

-

IYH

-

Technology

PINK

-

IYH

-

Utilities

PINK

-

IYH

-

Compare stocks, funds, or ETFs

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

Simplify Health Care ETF

iShares U.S. Healthcare ETF

Often compared with PINK:
PINK vs. XLVPINK vs. PPHPINK vs. ^GSPCPINK vs. ^SP500TRPINK vs. IBBPINK vs. SPMOPINK vs. SPY
Often compared with IYH:
IYH vs. VHTIYH vs. XLVIYH vs. SPYIYH vs. IYEIYH vs. BMEDIYH vs. IFRAIYH vs. IBB

Return for Risk

PINK vs. IYH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PINK
PINK Risk / Return Rank: 4343
Overall Rank
PINK Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
PINK Sortino Ratio Rank: 5050
Sortino Ratio Rank
PINK Omega Ratio Rank: 4444
Omega Ratio Rank
PINK Calmar Ratio Rank: 3737
Calmar Ratio Rank
PINK Martin Ratio Rank: 3636
Martin Ratio Rank
IYH
IYH Risk / Return Rank: 2525
Overall Rank
IYH Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
IYH Sortino Ratio Rank: 2626
Sortino Ratio Rank
IYH Omega Ratio Rank: 2323
Omega Ratio Rank
IYH Calmar Ratio Rank: 2626
Calmar Ratio Rank
IYH Martin Ratio Rank: 2323
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.

PINK vs. IYH - Risk-Adjusted Trends Comparison

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

PINKIYHDifference

Sharpe ratio

Return per unit of total volatility

1.69

0.89

+0.80

Sortino ratio

Return per unit of downside risk

2.45

1.43

+1.02

Omega ratio

Gain probability vs. loss probability

1.29

1.16

+0.13

Calmar ratio

Return relative to maximum drawdown

1.88

1.23

+0.64

Martin ratio

Return relative to average drawdown

5.66

2.97

+2.69

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

PINK vs. IYH - Sharpe Ratio Comparison

The current PINK Sharpe Ratio is 1.69, which is higher than the IYH Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of PINK 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

PINKIYHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.69

0.89

+0.80

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.31

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.54

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.43

+0.12

Drawdowns

PINK vs. IYH - Drawdown Comparison

The maximum PINK drawdown since its inception was -18.77%, smaller than the maximum IYH drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for PINK and IYH.

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Drawdown Indicators

PINKIYHDifference

Max Drawdown

Largest peak-to-trough decline

-18.77%

-43.12%

+24.35%

Max Drawdown (1Y)

Largest decline over 1 year

-16.81%

-10.64%

-6.17%

Max Drawdown (3Y)

Largest decline over 3 years

-18.77%

-17.91%

-0.86%

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

-4.03%

-7.36%

+3.33%

Average Drawdown

Average peak-to-trough decline

-6.75%

-8.96%

+2.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.57%

4.41%

+1.16%

Volatility

PINK vs. IYH - Volatility Comparison

Simplify Health Care ETF (PINK) and iShares U.S. Healthcare ETF (IYH) have volatilities of 4.27% and 4.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PINKIYHDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.27%

4.24%

+0.03%

Volatility (6M)

Calculated over the trailing 6-month period

13.65%

10.32%

+3.33%

Volatility (1Y)

Calculated over the trailing 1-year period

18.14%

14.74%

+3.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.57%

14.92%

+2.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.57%

16.72%

+0.85%

PINK vs. IYH - Expense Ratio Comparison

PINK has a 0.50% expense ratio, which is higher than IYH's 0.43% expense ratio.

Dividends

PINK vs. IYH - Dividend Comparison

PINK's dividend yield for the trailing twelve months is around 0.68%, less than IYH's 1.30% yield.

PositionTTM20252024202320222021202020192018201720162015
IYH
iShares U.S. Healthcare ETF		1.30%1.19%1.25%1.18%1.10%0.94%1.16%1.14%1.95%1.10%1.29%2.02%
PINK
Simplify Health Care ETF		0.68%0.68%0.32%0.94%0.42%0.04%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

PINK and IYH have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PINK has higher volatility (4.27%) compared to IYH (4.24%). In terms of maximum drawdown, PINK dropped -18.77% vs IYH's -43.12%.

On 3-year performance, PINK leads with 13.94% vs 5.48% for IYH. On fees, IYH is cheaper at 0.43% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, PINK has performed better with a 13.94% return vs 5.48%. 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 0.50% for PINK.

IYH has the higher dividend yield at 1.30%, compared with 0.68% for PINK.

They also come from different issuers: Simplify and iShares. Their fees differ too: 0.50% for PINK and 0.43% for IYH.

PINK currently has the higher Sharpe Ratio (1.69 vs 0.89), 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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