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ETFs

iShares U.S. Pharmaceuticals ETF

IHE
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
May 1, 2006
Expense Ratio
0.4%
Type
US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$1,788,840
AUM
$371,782,034
Associated Index
Dow Jones US Select Pharmaceuticals Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

JNJ
Johnson & Johnson
23.48%
LLY
Lilly(Eli) & Co
22.73%
MRK
Merck & Co Inc
4.62%
BMY
Bristol-Myers Squibb Co.
4.56%
VTRS
Viatris Inc
4.4%
PFE
Pfizer Inc.
4.4%
ZTS
Zoetis Inc - Ordinary Shares - Class A
4.37%
RPRX
Royalty Pharma plc - Ordinary Shares - Class A
4.19%
JAZZ
Jazz Pharmaceuticals plc
3.43%
CTLT
Catalent Inc.
3.37%
Invest with IHE
Trade IHE Options

What is IHE?

The iShares Dow Jones U.S. Pharmaceuticals Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the Dow Jones U.S. Select Pharmaceuticals Index.

1M
3M
6M
YTD
1Y
3Y
Max
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IHE
Performance Measures**

for the time period May 5, 2006 to Dec 4, 2025

Returns

1M Trailing Return: 9.3%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 17.1%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -38.2%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 18.7%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.61

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.27

The annualized return divided by the max drawdown for the selected time period.

ETFs related toIHE

ETFs correlated to IHE include PPH, IYH, VHT

IHE
BlackRock Institutional Trust Company N.A. - iShares U.S. Pharmaceuticals ETF
PPH
VanEck ETF Trust - VanEck Pharmaceutical ETF
IYH
BlackRock Institutional Trust Company N.A. - iShares U.S. Healthcare ETF
VHT
Vanguard Group, Inc. - Vanguard Health Care ETF
FHLC
Fidelity Covington Trust - Fidelity MSCI Health Care Index ETF
XLV
SSgA Active Trust - Health Care Select Sector SPDR
IXJ
BlackRock Institutional Trust Company N.A. - iShares Global Healthcare ETF
CURE
Direxion Shares ETF Trust - Direxion Daily Healthcare Bull 3X Shares
XPH
SPDR Series Trust - SPDR Pharmaceuticals ETF
RSPH
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Health Care ETF
PINK
Simplify Exchange Traded Funds - Simplify Health Care ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toIHE

Layered Risk Algorithm - Primary Risk Appetite Test = European Financials ETF vs. Insurance ETF

Category

Regime-switching, multi-asset, risk-on/off, volatility-aware, trend+mean reversion, commodities & currencies, daily rebalanced, uses leveraged/short ETFs

OOS Cumulative Return

32.21%

AutoSignals | (TQQQ or SH? Edition)

Category

Trend-following, risk-on/off, RSI and moving-average filters, cross-asset signals, TQQQ vs SH toggle, high turnover, leveraged ETF

OOS Cumulative Return

0.92%

Create your own algorithmic trading strategy with IHE using Composer

FAQ

IHE is a US Equities ETF. The iShares Dow Jones U.S. Pharmaceuticals Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the Dow Jones U.S. Select Pharmaceuticals Index.

IHE tracks the Dow Jones US Select Pharmaceuticals Index.

No, IHE is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, IHE is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IHE is -0.0363%. This is the percent change in the value of IHE over the most recent 1-month period. The 3-month return on IHE is 0.0281%. This is the percent change in the value of IHE over the most recent 3-month period.

The standard deviation of IHE for the past year is 0.1469%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IHE include XLI, XLY, and XLE.

ETFs correlated to IHE include PPH, IYH, and VHT.

ETFs that are inversely correlated to IHE include DXD, SDOW, and DOG.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.