PPH vs. IHI
Compare and contrast key facts about VanEck Vectors Pharmaceutical ETF (PPH) and iShares U.S. Medical Devices ETF (IHI).
PPH and IHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PPH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Pharmaceutical 25 Index. It was launched on Dec 20, 2011. 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. Both PPH and IHI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PPH or IHI.
Performance
PPH vs. IHI - Performance Comparison
Returns By Period
In the year-to-date period, PPH achieves a 10.42% return, which is significantly lower than IHI's 12.14% return. Over the past 10 years, PPH has underperformed IHI with an annualized return of 5.06%, while IHI has yielded a comparatively higher 13.04% annualized return.
PPH
10.42%
-4.99%
-0.62%
15.54%
9.59%
5.06%
IHI
12.14%
1.53%
7.88%
21.31%
7.74%
13.04%
Key characteristics
| PPH | IHI | |
|---|---|---|
| Sharpe Ratio | 1.43 | 1.48 |
| Sortino Ratio | 2.03 | 2.10 |
| Omega Ratio | 1.25 | 1.26 |
| Calmar Ratio | 1.24 | 0.84 |
| Martin Ratio | 4.43 | 6.71 |
| Ulcer Index | 3.51% | 3.18% |
| Daily Std Dev | 10.83% | 14.38% |
| Max Drawdown | -46.49% | -49.64% |
| Current Drawdown | -10.53% | -8.79% |
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PPH vs. IHI - Expense Ratio Comparison
PPH has a 0.36% expense ratio, which is lower than IHI's 0.43% expense ratio.
Correlation
The correlation between PPH and IHI is 0.68, 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.
Risk-Adjusted Performance
PPH vs. IHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Pharmaceutical ETF (PPH) 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
PPH vs. IHI - Dividend Comparison
PPH's dividend yield for the trailing twelve months is around 1.81%, more than IHI's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPH VanEck Vectors Pharmaceutical ETF | 1.81% | 2.09% | 1.55% | 1.62% | 1.66% | 1.77% | 1.97% | 1.92% | 2.43% | 1.93% | 1.71% | 2.03% |
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
PPH vs. IHI - Drawdown Comparison
The maximum PPH drawdown since its inception was -46.49%, smaller than the maximum IHI drawdown of -49.64%. Use the drawdown chart below to compare losses from any high point for PPH and IHI. For additional features, visit the drawdowns tool.
Volatility
PPH vs. IHI - Volatility Comparison
VanEck Vectors Pharmaceutical ETF (PPH) has a higher volatility of 4.11% compared to iShares U.S. Medical Devices ETF (IHI) at 3.48%. This indicates that PPH's price experiences larger fluctuations and is considered to be riskier than IHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.