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.
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.
Performance
PPH vs. IHI - Performance Comparison
Key characteristics
PPH:
-0.09
IHI:
0.60
PPH:
0.08
IHI:
0.88
PPH:
1.01
IHI:
1.12
PPH:
-0.02
IHI:
0.57
PPH:
-0.04
IHI:
2.28
PPH:
7.71%
IHI:
4.46%
PPH:
15.65%
IHI:
18.20%
PPH:
-46.49%
IHI:
-49.64%
PPH:
-12.49%
IHI:
-7.92%
Returns By Period
In the year-to-date period, PPH achieves a -0.06% return, which is significantly lower than IHI's 4.23% return. Over the past 10 years, PPH has underperformed IHI with an annualized return of 3.71%, while IHI has yielded a comparatively higher 12.45% annualized return.
PPH
-0.06%
6.21%
-4.54%
-1.37%
9.34%
3.71%
IHI
4.23%
11.94%
2.31%
10.73%
7.23%
12.45%
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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.
Risk-Adjusted Performance
PPH vs. IHI — Risk-Adjusted Performance Rank
PPH
IHI
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 1.98%, more than IHI's 0.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPH VanEck Vectors Pharmaceutical ETF | 1.98% | 1.98% | 2.09% | 1.55% | 1.62% | 1.66% | 1.77% | 1.97% | 1.92% | 2.43% | 1.93% | 1.71% |
IHI iShares U.S. Medical Devices ETF | 0.45% | 0.46% | 0.53% | 0.45% | 0.25% | 0.25% | 0.33% | 0.26% | 0.37% | 0.55% | 1.28% | 0.65% |
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
The current volatility for VanEck Vectors Pharmaceutical ETF (PPH) is 8.31%, while iShares U.S. Medical Devices ETF (IHI) has a volatility of 9.24%. This indicates that PPH 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.