XBIT vs. IHI
XBIT (XBiotech Inc.) is a stock, while IHI (iShares U.S. Medical Devices ETF) is Health & Biotech Equities fund tracking the Dow Jones U.S. Select Medical Equipment Index. Over the past 10 years, XBIT returned -16.12%/yr vs 8.77%/yr for IHI. Their 0.22 correlation means their historical movements had little consistent relationship.
Performance
XBIT vs. IHI - Performance Comparison
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Returns By Period
In the year-to-date period, XBIT achieves a -5.44% return, which is significantly higher than IHI's -13.37% return. Over the past 10 years, XBIT has underperformed IHI with an annualized return of -16.12%, while IHI has yielded a comparatively higher 8.77% annualized return.
XBIT
- 1D
- 0.89%
- 1M
- -6.22%
- 6M
- -6.22%
- YTD
- -5.44%
- 1Y
- -22.07%
- 3Y*
- -23.36%
- 5Y*
- -32.53%
- 10Y*
- -16.12%
- ALL TIME*
- -17.47%
IHI
- 1D
- -0.72%
- 1M
- 3.09%
- 6M
- -7.10%
- YTD
- -13.37%
- 1Y
- -10.78%
- 3Y*
- 0.25%
- 5Y*
- -2.87%
- 10Y*
- 8.77%
- ALL TIME*
- 10.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $150.33M | $161.23M | $150.05M | |
XBIT XBiotech Inc. | $56.38K | $89.23K | $78.71K |
XBIT vs. IHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XBIT XBiotech Inc. | -5.44% | -39.49% | -1.25% | 13.96% | -68.46% | -17.46% | -16.15% | 267.42% | 28.93% | -61.07% |
IHI iShares U.S. Medical Devices ETF | -13.37% | 6.88% | 8.62% | 3.24% | -19.80% | 21.03% | 24.17% | 32.75% | 15.45% | 30.81% |
Correlation
The correlation between XBIT and IHI is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.23 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2015 | 0.22 |
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Return for Risk
XBIT vs. IHI — Risk / Return Rank
XBIT
IHI
XBIT vs. IHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for XBiotech Inc. (XBIT) 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.
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.
| XBIT | IHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.92 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | -0.41 | -0.15 |
| Martin ratioReturn relative to average drawdown | -0.76 | -0.81 | +0.05 |
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Drawdowns
XBIT vs. IHI - Drawdown Comparison
The maximum XBIT drawdown since its inception was -92.67%, which is greater than IHI's maximum drawdown of -49.65%. Use the drawdown chart below to compare losses from any high point for XBIT and IHI.
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Drawdown Indicators
| XBIT | IHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.67% | -49.65% | -43.02% |
Max Drawdown (1Y)Largest decline over 1 year | -39.43% | -26.11% | -13.32% |
Max Drawdown (3Y)Largest decline over 3 years | -78.56% | -26.64% | -51.92% |
Max Drawdown (5Y)Largest decline over 5 years | -87.07% | -33.12% | -53.95% |
Max Drawdown (10Y)Largest decline over 10 years | -90.13% | -33.25% | -56.88% |
Current DrawdownCurrent decline from peak | -91.67% | -18.20% | -73.47% |
Average DrawdownAverage peak-to-trough decline | -70.40% | -8.44% | -61.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.19% | 13.38% | +15.81% |
Volatility
XBIT vs. IHI - Volatility Comparison
The current volatility for XBiotech Inc. (XBIT) is 4.68%, while iShares U.S. Medical Devices ETF (IHI) has a volatility of 9.43%. This indicates that XBIT 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.
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Volatility by Period
| XBIT | IHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 9.43% | -4.75% |
Volatility (6M)Calculated over the trailing 6-month period | 18.68% | 16.84% | +1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.12% | 19.84% | +27.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.85% | 19.61% | +44.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.17% | 20.04% | +53.13% |
Dividends
XBIT vs. IHI - Dividend Comparison
XBIT has not paid dividends to shareholders, while IHI's dividend yield for the trailing twelve months is around 0.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHI iShares U.S. Medical Devices ETF | 0.45% | 0.34% | 0.46% | 0.53% | 0.45% | 0.25% | 0.25% | 0.33% | 0.26% | 0.37% | 0.55% | 1.28% |
XBIT XBiotech Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 22.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XBIT and IHI have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IHI has higher volatility (9.43%) compared to XBIT (4.68%). In terms of maximum drawdown, XBIT dropped -92.67% vs IHI's -49.65%.
XBIT currently has the higher Sharpe Ratio (-0.47 vs -0.55), 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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