TMED vs. IBRN
TMED (T. Rowe Price Health Care ETF) and IBRN (iShares Neuroscience and Healthcare ETF) are both Health & Biotech Equities funds. A 0.71 correlation means they provide meaningful diversification when combined. TMED charges 0.44%/yr vs 0.47%/yr for IBRN.
Performance
TMED vs. IBRN - Performance Comparison
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Returns By Period
In the year-to-date period, TMED achieves a 3.87% return, which is significantly lower than IBRN's 6.25% return.
TMED
- 1D
- 1.04%
- 1M
- 2.47%
- YTD
- 3.87%
- 6M
- 4.17%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBRN
- 1D
- 1.56%
- 1M
- -1.78%
- YTD
- 6.25%
- 6M
- 10.50%
- 1Y
- 52.08%
- 3Y*
- 11.68%
- 5Y*
- —
- 10Y*
- —
TMED vs. IBRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TMED T. Rowe Price Health Care ETF | 3.87% | 18.92% |
IBRN iShares Neuroscience and Healthcare ETF | 6.25% | 39.54% |
Correlation
The correlation between TMED and IBRN is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025 | 0.71 |
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Return for Risk
TMED vs. IBRN — Risk / Return Rank
TMED
IBRN
TMED vs. IBRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Health Care ETF (TMED) and iShares Neuroscience and Healthcare ETF (IBRN). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| TMED | IBRN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 0.39 | +0.97 |
Drawdowns
TMED vs. IBRN - Drawdown Comparison
The maximum TMED drawdown since its inception was -11.11%, smaller than the maximum IBRN drawdown of -35.38%. Use the drawdown chart below to compare losses from any high point for TMED and IBRN.
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Drawdown Indicators
| TMED | IBRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.11% | -35.38% | +24.27% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.80% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.38% | — |
Current DrawdownCurrent decline from peak | -2.75% | -4.82% | +2.07% |
Average DrawdownAverage peak-to-trough decline | -2.59% | -9.83% | +7.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.57% | — |
Volatility
TMED vs. IBRN - Volatility Comparison
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Volatility by Period
| TMED | IBRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.69% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.08% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.04% | 25.36% | -7.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.04% | 25.32% | -7.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 25.32% | -7.28% |
TMED vs. IBRN - Expense Ratio Comparison
TMED has a 0.44% expense ratio, which is lower than IBRN's 0.47% expense ratio.
Dividends
TMED vs. IBRN - Dividend Comparison
TMED's dividend yield for the trailing twelve months is around 0.52%, less than IBRN's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBRN iShares Neuroscience and Healthcare ETF | 0.93% | 0.99% | 0.40% | 0.06% |
TMED T. Rowe Price Health Care ETF | 0.52% | 0.54% | 0.00% | 0.00% |
Frequently Asked Questions
TMED and IBRN have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TMED is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TMED is cheaper with a 0.44% expense ratio, compared with 0.47% for IBRN.
IBRN has the higher dividend yield at 0.93%, compared with 0.52% for TMED.
They also come from different issuers: T. Rowe Price and iShares. Their fees differ too: 0.44% for TMED and 0.47% for IBRN.
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