IHI vs SPY
Comparison between ISHARES U.S. MEDICAL DEVICES ETF (IHI, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed IHI, delivering a return of +13.2% compared to -3.4%
IHI vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IHI
$3B
Winner
SPY
$784B
Expense Ratio
IHI
0.38%
Winner
SPY
0.09%
Max Drawdown
Winner
IHI
49.70%
SPY
56.47%
Sharpe Ratio
IHI
-1.27
Winner
SPY
1.54
5Y Beta
Winner
IHI
0.65
SPY
1.00
P/E Ratio
IHI
38.88
Winner
SPY
27.62
Forward P/E
Winner
IHI
19.44
SPY
21.11
5Y Dividends CAGR
Winner
IHI
9.77%
SPY
6.00%
5Y EPS CAGR
IHI
12.91%
Winner
SPY
25.30%
Debt to Equity
Winner
IHI
19.45%
SPY
31.11%
P/S Ratio
Winner
IHI
3.47
SPY
3.49
P/B Ratio
Winner
IHI
3.48
SPY
5.30
IHI vs SPY - Holdings Comparison
IHI and SPY have 16 common holdings. Overlap is 1.32%
IHI's top 25 holdings weight is 96.49%. SPY's top 25 holdings weight is 51.24%.
| Rank | IHI | SPY |
|---|---|---|
| #1 | ABBOTT LABORATORIES (ABT) - 16.26% | NVIDIA CORP (NVDA) - 7.81% |
| #2 | INTUITIVE SURGICAL INC (ISRG) - 15.59% | APPLE INC (AAPL) - 6.81% |
| #3 | STRYKER CORP (SYK) - 10.99% | MICROSOFT CORP (MSFT) - 4.53% |
| #4 | EDWARDS LIFESCIENCES CORP (EW) - 5.51% | AMAZON.COM INC (AMZN) - 3.72% |
| #5 | IDEXX LABORATORIES INC (IDXX) - 5.02% | ALPHABET INC CLASS A (GOOGL) - 3.39% |
| #6 | BECTON DICKINSON & CO (BDX) - 4.73% | BROADCOM INC (AVGO) - 2.77% |
| #7 | MEDTRONIC PLC (MDT) - 4.42% | ALPHABET INC CLASS C (GOOG) - 2.72% |
| #8 | DEXCOM INC (DXCM) - 4.38% | META PLATFORMS INC CLASS A (META) - 2.03% |
| #9 | GE HEALTHCARE TECHNOLOGIES INC COMMON STOCK (GEHC) - 4.34% | MICRON TECHNOLOGY INC (MU) - 1.78% |
| #10 | RESMED INC (RMD) - 4.13% | TESLA INC (TSLA) - 1.76% |
| #11 | BOSTON SCIENTIFIC CORP (BSX) - 3.66% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.41% |
| #12 | STERIS PLC (STE) - 3.14% | JPMORGAN CHASE & CO (JPM) - 1.38% |
| #13 | ZIMMER BIOMET HOLDINGS INC (ZBH) - 2.50% | ELI LILLY AND CO (LLY) - 1.38% |
| #14 | PENUMBRA INC (PEN) - 1.90% | ADVANCED MICRO DEVICES INC (AMD) - 1.28% |
| #15 | INSULET CORP (PODD) - 1.58% | EXXON MOBIL CORP (XOM) - 0.92% |
| #16 | BAXTER INTERNATIONAL INC (BAX) - 1.44% | JOHNSON & JOHNSON (JNJ) - 0.88% |
| #17 | GLOBUS MEDICAL INC CLASS A (GMED) - 1.35% | VISA INC CLASS A (V) - 0.87% |
| #18 | MASIMO CORP (MASI) - 1.24% | INTEL CORP (INTC) - 0.85% |
| #19 | GLAUKOS CORP (GKOS) - 0.90% | WALMART INC (WMT) - 0.82% |
| #20 | TELEFLEX INC (TFX) - 0.86% | CISCO SYSTEMS INC (CSCO) - 0.73% |
| #21 | LIVANOVA PLC (LIVN) - 0.61% | LAM RESEARCH CORP (LRCX) - 0.71% |
| #22 | ENVISTA HOLDINGS CORP ORDINARY SHARES (NVST) - 0.58% | APPLIED MATERIALS INC (AMAT) - 0.70% |
| #23 | IRHYTHM HOLDINGS INC (IRTC) - 0.53% | CATERPILLAR INC (CAT) - 0.68% |
| #24 | INTEGER HOLDINGS CORP (ITGR) - 0.48% | COSTCO WHOLESALE CORP (COST) - 0.68% |
| #25 | TRANSMEDICS GROUP INC (TMDX) - 0.35% | MASTERCARD INC CLASS A (MA) - 0.63% |
| Total Holdings | 50 | 505 |
IHI vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
IHI
-2.72%
Winner
SPY
-1.37%
3M
IHI
-9.74%
Winner
SPY
+12.22%
6M
IHI
-21.40%
Winner
SPY
+7.20%
1Y
IHI
-18.62%
Winner
SPY
+23.58%
5Y(CAGR)
IHI
-3.41%
Winner
SPY
+13.19%
10Y(CAGR)
IHI
+9.48%
Winner
SPY
+15.12%
Max(CAGR)
Winner
IHI
+11.15%
SPY
+8.44%
IHI vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | IHI | SPY |
|---|---|---|
| 2026 | -20.45% | +7.95% |
| 2025 | +6.94% | +18.00% |
| 2024 | +9.31% | +25.59% |
| 2023 | +3.15% | +26.72% |
| 2022 | -19.25% | -18.64% |
| 2021 | +22.73% | +30.52% |
| 2020 | +25.31% | +17.28% |
| 2019 | +38.78% | +31.09% |
| 2018 | +15.12% | -5.24% |
| 2017 | +32.89% | +20.78% |
| 2016 | +15.26% | +13.59% |
| 2015 | +16.96% | +1.31% |
| 2014 | +28.12% | +14.56% |
| 2013 | +37.19% | +29.00% |
| 2012 | +17.54% | +14.17% |
| 2011 | -0.06% | +0.85% |
| 2010 | +11.08% | +13.14% |
| 2009 | +35.51% | +22.67% |
| 2008 | -35.73% | -36.25% |
| 2007 | +19.38% | +5.32% |
| 2006 | +2.76% | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
IHI vs SPY Drawdown Comparison
The maximum drawdown for IHI was -49.38%, occurring on Mar 9, 2009. Recovery took 624 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current IHI drawdown is -25.19%. The current SPY drawdown is -3.18%.
| Rank | IHI | SPY |
|---|---|---|
| #1 | -49.38% Aug 15, 2008 - Feb 7, 2011 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -33.25% Jan 22, 2020 - Jul 15, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -33.12% Sep 8, 2021 - Oct 30, 2023 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -21.54% May 19, 2011 - Mar 26, 2012 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -18.63% Oct 1, 2018 - Feb 25, 2019 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -13.32% Aug 5, 2015 - Dec 24, 2015 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -12.54% Oct 9, 2007 - Aug 8, 2008 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -12.34% Dec 29, 2015 - Apr 4, 2016 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -11.61% Oct 10, 2016 - Feb 9, 2017 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -11.16% Mar 26, 2012 - Sep 13, 2012 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -10.85% Jan 26, 2018 - May 7, 2018 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -10.16% May 5, 2006 - Nov 21, 2006 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -9.38% Feb 12, 2021 - Apr 15, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -8.49% Mar 21, 2019 - Jun 10, 2019 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -7.68% Apr 23, 2021 - Jun 28, 2021 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between IHI and SPY is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
Dividend Comparison (1999 - 2026)
IHI vs SPY dividend yield comparison.
| Year | IHI | SPY |
|---|---|---|
| 2026 | 0.24% | 0.50% |
| 2025 | 0.34% | 1.07% |
| 2024 | 0.46% | 1.21% |
| 2023 | 0.53% | 1.40% |
| 2022 | 0.45% | 1.65% |
| 2021 | 0.66% | 1.20% |
| 2020 | 1.49% | 1.52% |
| 2019 | 1.99% | 1.75% |
| 2018 | 1.58% | 2.04% |
| 2017 | 2.21% | 1.80% |
| 2016 | 3.29% | 2.03% |
| 2015 | 7.68% | 2.06% |
| 2014 | 3.89% | 1.87% |
| 2013 | 1.96% | 1.81% |
| 2012 | 3.84% | 2.18% |
| 2011 | 1.59% | 2.05% |
| 2010 | 0.83% | 1.80% |
| 2009 | 0.42% | 1.95% |
| 2008 | 0.62% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.01% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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