TMH vs. IEDI

Last updated Jun 4, 2026

TMH (Toyota Motor Corporation ADRhedged) and IEDI (iShares Evolved U.S. Discretionary Spending ETF) are both Consumer Discretionary Equities funds. TMH is passively managed, while IEDI is actively managed. With a 1.00 correlation, they move nearly in lockstep. TMH charges 0.19%/yr vs 0.18%/yr for IEDI.

Performance

TMH vs. IEDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Toyota Motor Corporation ADRhedged (TMH) and iShares Evolved U.S. Discretionary Spending ETF (IEDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TMH

• 1D: -0.03%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IEDI

• 1D: 0.44%
• 1M: -3.26%
• YTD: -1.90%
• 6M: -2.73%
• 1Y: 0.05%
• 3Y*: 13.10%
• 5Y*: 6.11%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TMH vs. IEDI - Yearly Performance Comparison

	2026 (YTD)
TMH Toyota Motor Corporation ADRhedged	-5.59%
IEDI iShares Evolved U.S. Discretionary Spending ETF	-2.73%

Correlation

The correlation between TMH and IEDI is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	1.00

Return for Risk

TMH vs. IEDI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IEDI

IEDI Risk / Return Rank: 9
IEDI Sharpe Ratio Rank: 9
IEDI Sortino Ratio Rank: 8
IEDI Omega Ratio Rank: 8
IEDI Calmar Ratio Rank: 9
IEDI Martin Ratio Rank: 9

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.

TMH vs. IEDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Toyota Motor Corporation ADRhedged (TMH) and iShares Evolved U.S. Discretionary Spending ETF (IEDI). 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.

Sharpe Ratios by Period

	TMH	IEDI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.00	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	-5.39	0.60	-5.99

Drawdowns

TMH vs. IEDI - Drawdown Comparison

The maximum TMH drawdown since its inception was -5.59%, smaller than the maximum IEDI drawdown of -30.60%. Use the drawdown chart below to compare losses from any high point for TMH and IEDI.

Drawdown Indicators

	TMH	IEDI	Difference
Max Drawdown Largest peak-to-trough decline	-5.59%	-30.60%	+25.01%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.44%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.64%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.79%	—
Current Drawdown Current decline from peak	-5.59%	-7.63%	+2.04%
Average Drawdown Average peak-to-trough decline	-4.22%	-6.93%	+2.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.85%	—

Volatility

Volatility by Period

	TMH	IEDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.95%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.85%	13.46%	+7.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.85%	18.21%	+2.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.85%	19.45%	+1.40%

TMH vs. IEDI - Expense Ratio Comparison

TMH has a 0.19% expense ratio, which is higher than IEDI's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

TMH vs. IEDI - Dividend Comparison

TMH has not paid dividends to shareholders, while IEDI's dividend yield for the trailing twelve months is around 0.99%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IEDI iShares Evolved U.S. Discretionary Spending ETF	0.99%	0.95%	0.90%	1.13%	3.38%	0.70%	0.83%	2.07%	1.57%
TMH Toyota Motor Corporation ADRhedged	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TMH and IEDI in my portfolio?

With a correlation of 1.00, TMH and IEDI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, TMH or IEDI?

On fees, IEDI is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TMH or IEDI?

IEDI is cheaper with a 0.18% expense ratio, compared with 0.19% for TMH.

Which ETF pays a higher dividend yield, TMH or IEDI?

IEDI has the higher dividend yield at 0.99%, compared with 0.00% for TMH.

What is the main difference between TMH and IEDI?

They also come from different issuers: ADRhedged and iShares. Their fees differ too: 0.19% for TMH and 0.18% for IEDI.