UMDV.AS vs. IHI
Compare and contrast key facts about iShares US Medical Devices UCITS ETF (UMDV.AS) and iShares U.S. Medical Devices ETF (IHI).
UMDV.AS and IHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UMDV.AS is a passively managed fund by iShares that tracks the performance of the MSCI World/Health Care NR USD. It was launched on Aug 3, 2020. 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 UMDV.AS 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: UMDV.AS or IHI.
Correlation
The correlation between UMDV.AS and IHI is 0.63, 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
UMDV.AS vs. IHI - Performance Comparison
Key characteristics
UMDV.AS:
1.17
IHI:
1.09
UMDV.AS:
1.72
IHI:
1.56
UMDV.AS:
1.20
IHI:
1.20
UMDV.AS:
0.95
IHI:
0.85
UMDV.AS:
4.81
IHI:
4.65
UMDV.AS:
3.13%
IHI:
3.30%
UMDV.AS:
12.85%
IHI:
14.05%
UMDV.AS:
-31.59%
IHI:
-49.64%
UMDV.AS:
-0.89%
IHI:
-2.57%
Returns By Period
The year-to-date returns for both stocks are quite close, with UMDV.AS having a 10.59% return and IHI slightly lower at 10.28%.
UMDV.AS
10.59%
6.83%
14.32%
16.47%
N/A
N/A
IHI
10.28%
6.15%
12.76%
13.68%
7.38%
13.17%
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UMDV.AS vs. IHI - Expense Ratio Comparison
UMDV.AS has a 0.25% expense ratio, which is lower than IHI's 0.43% expense ratio.
Risk-Adjusted Performance
UMDV.AS vs. IHI — Risk-Adjusted Performance Rank
UMDV.AS
IHI
UMDV.AS vs. IHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Medical Devices UCITS ETF (UMDV.AS) 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
UMDV.AS vs. IHI - Dividend Comparison
UMDV.AS has not paid dividends to shareholders, while IHI's dividend yield for the trailing twelve months is around 0.42%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UMDV.AS iShares US Medical Devices UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IHI iShares U.S. Medical Devices ETF | 0.42% | 0.46% | 0.53% | 0.45% | 0.25% | 0.25% | 0.33% | 0.26% | 0.37% | 0.55% | 1.28% | 0.65% |
Drawdowns
UMDV.AS vs. IHI - Drawdown Comparison
The maximum UMDV.AS drawdown since its inception was -31.59%, smaller than the maximum IHI drawdown of -49.64%. Use the drawdown chart below to compare losses from any high point for UMDV.AS and IHI. For additional features, visit the drawdowns tool.
Volatility
UMDV.AS vs. IHI - Volatility Comparison
The current volatility for iShares US Medical Devices UCITS ETF (UMDV.AS) is 3.21%, while iShares U.S. Medical Devices ETF (IHI) has a volatility of 3.82%. This indicates that UMDV.AS 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.