RXD vs. IYH
RXD (ProShares UltraShort Health Care) and IYH (iShares U.S. Healthcare ETF) are both exchange-traded funds - RXD is a Leveraged Equities fund tracking the DJ Global United States (All) / Health Care -IND (-200%), while IYH is a Health & Biotech Equities fund tracking the Dow Jones U.S. Health Care Index. Both are passively managed. Over the past 10 years, RXD returned -19.63%/yr vs 9.52%/yr for IYH. Their -0.86 correlation means they have often moved in opposite directions in the past. RXD charges 0.95%/yr vs 0.43%/yr for IYH.
Performance
RXD vs. IYH - Performance Comparison
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Returns By Period
In the year-to-date period, RXD achieves a -10.24% return, which is significantly lower than IYH's 5.57% return. Over the past 10 years, RXD has underperformed IYH with an annualized return of -19.63%, while IYH has yielded a comparatively higher 9.52% annualized return.
RXD
- 1D
- 0.47%
- 1M
- 0.46%
- 6M
- -10.79%
- YTD
- -10.24%
- 1Y
- -35.49%
- 3Y*
- -10.24%
- 5Y*
- -7.59%
- 10Y*
- -19.63%
- ALL TIME*
- -22.75%
IYH
- 1D
- -0.70%
- 1M
- -1.26%
- 6M
- 5.78%
- YTD
- 5.57%
- 1Y
- 25.47%
- 3Y*
- 8.11%
- 5Y*
- 4.87%
- 10Y*
- 9.52%
- ALL TIME*
- 8.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $63.29M | $47.38M | $52.47M | |
| $208.34K | $158.30K | $97.64K |
RXD vs. IYH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | -10.24% | -21.66% | 4.83% | 3.25% | 1.20% | -37.97% | -44.25% | -32.44% | -14.33% | -35.24% |
IYH iShares U.S. Healthcare ETF | 5.57% | 13.16% | 2.99% | 2.14% | -4.46% | 23.41% | 15.56% | 20.80% | 5.80% | 22.27% |
Correlation
The correlation between RXD and IYH is -0.99, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.99 |
Correlation (3Y) Balances recent behavior with more history. | -0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.91 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007 | -0.86 |
The correlation between RXD and IYH shifts across timeframes, from -0.99 (5 years) to -0.86 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RXD vs. IYH — Risk / Return Rank
RXD
IYH
RXD vs. IYH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Health Care (RXD) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RXD | IYH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.85 | ||
| Sortino ratioReturn per unit of downside risk | -4.24 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.29 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 2.47 | -3.36 |
| Martin ratioReturn relative to average drawdown | -1.40 | 5.85 | -7.25 |
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Drawdowns
RXD vs. IYH - Drawdown Comparison
The maximum RXD drawdown since its inception was -99.68%, which is greater than IYH's maximum drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for RXD and IYH.
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Drawdown Indicators
| RXD | IYH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.68% | -43.12% | -56.56% |
Max Drawdown (1Y)Largest decline over 1 year | -40.79% | -10.64% | -30.15% |
Max Drawdown (3Y)Largest decline over 3 years | -42.58% | -17.91% | -24.67% |
Max Drawdown (5Y)Largest decline over 5 years | -46.11% | -17.91% | -28.20% |
Max Drawdown (10Y)Largest decline over 10 years | -91.52% | -28.40% | -63.12% |
Current DrawdownCurrent decline from peak | -99.67% | -2.77% | -96.90% |
Average DrawdownAverage peak-to-trough decline | -82.00% | -8.92% | -73.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.78% | 4.49% | +21.29% |
Volatility
RXD vs. IYH - Volatility Comparison
ProShares UltraShort Health Care (RXD) has a higher volatility of 11.80% compared to iShares U.S. Healthcare ETF (IYH) at 5.88%. This indicates that RXD'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.
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Volatility by Period
| RXD | IYH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.80% | 5.88% | +5.92% |
Volatility (6M)Calculated over the trailing 6-month period | 24.09% | 12.03% | +12.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.60% | 15.86% | +15.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.35% | 15.24% | +15.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.15% | 16.82% | +16.33% |
RXD vs. IYH - Expense Ratio Comparison
RXD has a 0.95% expense ratio, which is higher than IYH's 0.43% expense ratio.
Dividends
RXD vs. IYH - Dividend Comparison
RXD's dividend yield for the trailing twelve months is around 3.31%, more than IYH's 1.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYH iShares U.S. Healthcare ETF | 1.17% | 1.19% | 1.25% | 1.18% | 1.10% | 0.94% | 1.16% | 1.14% | 1.95% | 1.10% | 1.29% | 2.02% |
RXD ProShares UltraShort Health Care | 3.31% | 3.29% | 4.36% | 3.17% | 0.67% | 0.00% | 0.17% | 1.73% | 0.22% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RXD and IYH have a correlation of -0.99, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RXD has higher volatility (11.80%) compared to IYH (5.88%). In terms of maximum drawdown, RXD dropped -99.68% vs IYH's -43.12%.
On 10-year performance, IYH leads with 9.52% vs -19.63% for RXD. On fees, IYH is cheaper at 0.43% per year. On volatility, IYH has been the lower-risk option at 5.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IYH has performed better with a 9.52% return vs -19.63%. 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 0.95% for RXD.
RXD has the higher dividend yield at 3.31%, compared with 1.17% for IYH.
RXD is categorized as Leveraged Equities, while IYH is Health & Biotech Equities. RXD tracks DJ Global United States (All) / Health Care -IND (-200%), while IYH tracks Dow Jones U.S. Health Care Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for RXD and 0.43% for IYH.
IYH currently has the higher Sharpe Ratio (1.69 vs -1.16), 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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