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XBIT vs. IHI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XBIT vs. IHI

Last updated Jul 16, 2026
Documentation

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 -15.86%/yr vs 8.29%/yr for IHI. At a 0.23 correlation, their price movements are largely independent.

Performance

XBIT vs. IHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in XBiotech Inc. (XBIT) and iShares U.S. Medical Devices ETF (IHI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XBIT achieves a -4.18% return, which is significantly higher than IHI's -19.59% return. Over the past 10 years, XBIT has underperformed IHI with an annualized return of -15.86%, while IHI has yielded a comparatively higher 8.29% annualized return.

XBIT

1D
0.00%
1M
-2.55%
6M
-12.26%
YTD
-4.18%
1Y
-16.73%
3Y*
-23.92%
5Y*
-32.49%
10Y*
-15.86%

IHI

1D
1.30%
1M
0.42%
6M
-20.11%
YTD
-19.59%
1Y
-17.59%
3Y*
-3.81%
5Y*
-3.51%
10Y*
8.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XBIT vs. IHI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XBIT
XBiotech Inc.		-4.18%-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		-19.59%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 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.16

Correlation (3Y)
Calculated over the trailing 3-year period

0.18

Correlation (5Y)
Calculated over the trailing 5-year period

0.23

Correlation (10Y)
Calculated over the trailing 10-year period

0.23

Correlation (All Time)
Calculated using the full available price history since Apr 15, 2015

0.23

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

XBiotech Inc.

iShares U.S. Medical Devices ETF

Often compared with XBIT:
XBIT vs. XBIXBIT vs. XBIOXBIT vs. AHCOXBIT vs. IBBXBIT vs. IBIOXBIT vs. VHTXBIT vs. SPYL.DE
Often compared with IHI:
IHI vs. XLVIHI vs. VHTIHI vs. XHEIHI vs. SPYIHI vs. IHFIHI vs. FHLCIHI vs. IXJ

Return for Risk

XBIT vs. IHI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XBIT
XBIT Risk / Return Rank: 3030
Overall Rank
XBIT Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
XBIT Sortino Ratio Rank: 2828
Sortino Ratio Rank
XBIT Omega Ratio Rank: 2929
Omega Ratio Rank
XBIT Calmar Ratio Rank: 3030
Calmar Ratio Rank
XBIT Martin Ratio Rank: 3333
Martin Ratio Rank
IHI
IHI Risk / Return Rank: 33
Overall Rank
IHI Sharpe Ratio Rank: 22
Sharpe Ratio Rank
IHI Sortino Ratio Rank: 33
Sortino Ratio Rank
IHI Omega Ratio Rank: 33
Omega Ratio Rank
IHI Calmar Ratio Rank: 44
Calmar Ratio Rank
IHI Martin Ratio Rank: 22
Martin Ratio Rank
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.

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.

XBITIHIDifference
Sharpe ratioReturn per unit of total volatility
-0.34
-0.94

+0.60

Sortino ratioReturn per unit of downside risk
-0.22
-1.27

+1.04

Omega ratioGain probability vs. loss probability

0.97

0.86

+0.12

Calmar ratioReturn relative to maximum drawdown

-0.43

-0.68

+0.25

Martin ratioReturn relative to average drawdown

-0.60

-1.41

+0.81

XBIT vs. IHI - Sharpe Ratio Comparison

The current XBIT Sharpe Ratio is -0.34, which is higher than the IHI Sharpe Ratio of -0.94. The chart below compares the historical Sharpe Ratios of XBIT and IHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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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

XBITIHIDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-91.56%

-24.07%

-67.49%

Average Drawdown

Average peak-to-trough decline

-70.29%

-8.40%

-61.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

27.93%

12.50%

+15.43%

Volatility

XBIT vs. IHI - Volatility Comparison

The current volatility for XBiotech Inc. (XBIT) is 7.19%, while iShares U.S. Medical Devices ETF (IHI) has a volatility of 8.39%. 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

XBITIHIDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.19%

8.39%

-1.20%

Volatility (6M)

Calculated over the trailing 6-month period

20.43%

15.15%

+5.28%

Volatility (1Y)

Calculated over the trailing 1-year period

49.11%

18.71%

+30.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

63.89%

19.33%

+44.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

73.40%

19.90%

+53.50%

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 0.49%.

PositionTTM20252024202320222021202020192018201720162015
IHI
iShares U.S. Medical Devices ETF		0.49%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 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IHI has higher volatility (8.39%) compared to XBIT (7.19%). In terms of maximum drawdown, XBIT dropped -92.67% vs IHI's -49.65%.

XBIT currently has the higher Sharpe Ratio (-0.34 vs -0.94), 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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