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ETFs

iShares U.S. Medical Devices ETF

IHI
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
May 01 2006
Expense Ratio
0.39%
Type
US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$45,546,079
AUM
$5,797,874,403
Associated Index
Dow Jones US Select Medical Devices Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

TMO
Thermo Fisher Scientific Inc.
17.38%
ABT
Abbott Laboratories
13.51%
MDT
Medtronic Plc
8.24%
SYK
Stryker Corp.
5.48%
ISRG
Intuitive Surgical Inc
4.74%
BSX
Boston Scientific Corp.
4.58%
EW
Edwards Lifesciences Corp
4.54%
BDX
Becton, Dickinson And Co.
4.51%
DXCM
Dexcom Inc
4.08%
IDXX
Idexx Laboratories, Inc.
3.66%
Invest with IHI

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.

ETFs related toIHI

ETFs correlated to IHI include RYH, FXH, XHE

IHI
BlackRock Institutional Trust Company N.A. - iShares U.S. Medical Devices ETF
RYH
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Health Care ETF
FXH
First Trust Exchange-Traded Fund III - First Trust Health Care AlphaDEX Fund
XHE
SPDR Series Trust - SPDR S&P Health Care Equipment ETF
GFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - February
VHT
Vanguard Group, Inc. - Vanguard Health Care ETF
FHLC
Fidelity Covington Trust - Fidelity MSCI Health Care Index ETF
IYH
BlackRock Institutional Trust Company N.A. - iShares U.S. Healthcare ETF
RXL
ProShares Trust - ProShares Ultra Health Care 2X Shares
BIBL
Northern Lights Fund Trust IV - Inspire 100 ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted 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.

Automated Strategies
Related toIHI

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

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 -0.0021%. This is the percent change in the value of IHI over the most recent 1-month period. The 3-month return on IHI is 0.0044%. 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 0.2522%. 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, XLE, and XLP.

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

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

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.