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ETFs

iShares U.S. Medical Devices ETF

IHI
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
May 1, 2006
Expense Ratio
0.4%
Type
US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$49,853,454
AUM
$5,144,648,201
Associated Index
Dow Jones US Select Medical Devices Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

ABT
Abbott Laboratories
17.53%
MDT
Medtronic Plc
11%
ISRG
Intuitive Surgical Inc
10.42%
SYK
Stryker Corp.
7.19%
BSX
Boston Scientific Corp.
4.74%
BDX
Becton Dickinson & Co.
4.74%
EW
Edwards Lifesciences Corp
4.31%
IDXX
Idexx Laboratories, Inc.
4.25%
DXCM
Dexcom Inc
3.9%
GEHC
GE HealthCare Technologies Inc
3.41%
Invest with IHI
Trade IHI Options

What is IHI?

The iShares Dow Jones U.S. Medical Devices 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 Medical Equipment Index.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

IHI
Performance Measures**

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

Returns

1M Trailing Return: 4.8%

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

3M Trailing Return: 1.8%

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

Measures of Risk or Volatility

Max Drawdown: -49.6%

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

Standard Deviation: 19.9%

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: 0.64

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: 0.23

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

ETFs related toIHI

ETFs correlated to IHI include RSPH, XHE, FXH

IHI
BlackRock Institutional Trust Company N.A. - iShares U.S. Medical Devices ETF
RSPH
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Health Care ETF
XHE
SPDR Series Trust - SPDR S&P Health Care Equipment ETF
FXH
First Trust Exchange-Traded Fund III - First Trust Health Care AlphaDEX Fund
VHT
Vanguard Group, Inc. - Vanguard Health Care ETF
FHLC
Fidelity Covington Trust - Fidelity MSCI Health Care Index ETF
PINK
Simplify Exchange Traded Funds - Simplify Health Care ETF
IYH
BlackRock Institutional Trust Company N.A. - iShares U.S. Healthcare ETF
JQUA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Quality Factor ETF
OUSA
OSI ETF Trust - ALPS O'Shares U.S. Quality Dividend ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth 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 toIHI

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

32.06%

Ultimate Portfolio

Category

Multi-asset tactical, trend-following, momentum/mean-reversion, sector rotation, commodities curve, volatility regimes, leveraged/inverse ETFs, daily rebalance

OOS Cumulative Return

29.14%

Create your own algorithmic trading strategy with IHI using Composer

FAQ

IHI is a US Equities ETF. The iShares Dow Jones U.S. Medical Devices 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 Medical Equipment Index.

IHI tracks the Dow Jones US Select Medical Devices Index.

No, IHI 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, IHI 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 IHI is -0.0462%. This is the percent change in the value of IHI over the most recent 1-month period. The 3-month return on IHI is -0.1166%. This is the percent change in the value of IHI over the most recent 3-month period.

The standard deviation of IHI for the past year is 0.1908%. 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 IHI include XLI, XLY, and XLV.

ETFs correlated to IHI include RSPH, XHE, and FXH.

ETFs that are inversely correlated to IHI include SPXS, SH, and SDS.

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.