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 -2.7%
IHI vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IHI
$3B
Winner
SPY
$781B
Expense Ratio
IHI
0.38%
Winner
SPY
0.09%
Max Drawdown
Winner
IHI
49.70%
SPY
56.47%
Sharpe Ratio
IHI
-0.63
Winner
SPY
1.43
5Y Beta
Winner
IHI
0.64
SPY
1.00
P/E Ratio
IHI
40.38
Winner
SPY
26.48
Forward P/E
IHI
21.09
Winner
SPY
20.89
PEG Ratio
IHI
N/A
SPY
0.30
5Y Dividends CAGR
Winner
IHI
9.76%
SPY
6.00%
5Y EPS CAGR
IHI
12.01%
Winner
SPY
26.40%
Debt to Equity
Winner
IHI
27.40%
SPY
48.17%
P/S Ratio
IHI
3.74
Winner
SPY
3.72
P/B Ratio
Winner
IHI
3.73
SPY
5.55
IHI vs SPY - Holdings Comparison
IHI and SPY have 16 common holdings. Overlap is 1.33%
IHI's top 25 holdings weight is 96.11%. SPY's top 25 holdings weight is 51.49%.
| Rank | IHI | SPY |
|---|---|---|
| #1 | ABBOTT LABORATORIES (ABT) - 18.39% | NVIDIA CORP (NVDA) - 7.76% |
| #2 | INTUITIVE SURGICAL INC (ISRG) - 13.14% | APPLE INC (AAPL) - 7.44% |
| #3 | STRYKER CORP (SYK) - 11.50% | MICROSOFT CORP (MSFT) - 4.56% |
| #4 | BECTON DICKINSON & CO (BDX) - 4.65% | AMAZON.COM INC (AMZN) - 3.74% |
| #5 | MEDTRONIC PLC (MDT) - 4.58% | ALPHABET INC CLASS A (GOOGL) - 3.14% |
| #6 | IDEXX LABORATORIES INC (IDXX) - 4.43% | BROADCOM INC (AVGO) - 2.83% |
| #7 | DEXCOM INC (DXCM) - 4.42% | ALPHABET INC CLASS C (GOOG) - 2.53% |
| #8 | EDWARDS LIFESCIENCES CORP (EW) - 4.39% | META PLATFORMS INC CLASS A (META) - 2.18% |
| #9 | RESMED INC (RMD) - 4.35% | MICRON TECHNOLOGY INC (MU) - 1.69% |
| #10 | GE HEALTHCARE TECHNOLOGIES INC COMMON STOCK (GEHC) - 4.32% | TESLA INC (TSLA) - 1.65% |
| #11 | BOSTON SCIENTIFIC CORP (BSX) - 3.99% | ELI LILLY AND CO (LLY) - 1.44% |
| #12 | STERIS PLC (STE) - 3.18% | JPMORGAN CHASE & CO (JPM) - 1.43% |
| #13 | ZIMMER BIOMET HOLDINGS INC (ZBH) - 2.63% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.39% |
| #14 | PENUMBRA INC (PEN) - 1.91% | ADVANCED MICRO DEVICES INC (AMD) - 1.37% |
| #15 | BAXTER INTERNATIONAL INC (BAX) - 1.76% | EXXONMOBIL HOLDINGS CORP (XOM) - 0.97% |
| #16 | INSULET CORP (PODD) - 1.74% | JOHNSON & JOHNSON (JNJ) - 0.93% |
| #17 | GLAUKOS CORP (GKOS) - 1.38% | VISA INC CLASS A (V) - 0.91% |
| #18 | GLOBUS MEDICAL INC CLASS A (GMED) - 1.32% | INTEL CORP (INTC) - 0.77% |
| #19 | TELEFLEX INC (TFX) - 0.92% | WALMART INC (WMT) - 0.75% |
| #20 | ENVISTA HOLDINGS CORP ORDINARY SHARES (NVST) - 0.67% | ABBVIE INC (ABBV) - 0.70% |
| #21 | LIVANOVA PLC (LIVN) - 0.67% | APPLIED MATERIALS INC (AMAT) - 0.69% |
| #22 | IRHYTHM HOLDINGS INC (IRTC) - 0.55% | CISCO SYSTEMS INC (CSCO) - 0.68% |
| #23 | INTEGER HOLDINGS CORP (ITGR) - 0.50% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #24 | TRANSMEDICS GROUP INC (TMDX) - 0.39% | COSTCO WHOLESALE CORP (COST) - 0.64% |
| #25 | AXOGEN INC (AXGN) - 0.33% | CATERPILLAR INC (CAT) - 0.63% |
| Total Holdings | 50 | 505 |
IHI vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IHI
+3.84%
SPY
+2.30%
3M
Winner
IHI
+9.02%
SPY
+5.00%
6M
IHI
-7.07%
Winner
SPY
+11.88%
1Y
IHI
-9.09%
Winner
SPY
+22.80%
5Y(CAGR)
IHI
-2.72%
Winner
SPY
+13.20%
10Y(CAGR)
IHI
+8.85%
Winner
SPY
+15.26%
Max(CAGR)
Winner
IHI
+10.13%
SPY
+8.59%
IHI vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | IHI | SPY |
|---|---|---|
| 2026 | -12.37% | +13.10% |
| 2025 | +6.94% | +18.00% |
| 2024 | +9.31% | +25.59% |
| 2023 | +3.15% | +26.72% |
| 2022 | -19.25% | -18.64% |
| 2021 | +22.15% | +30.52% |
| 2020 | +23.57% | +17.28% |
| 2019 | +36.39% | +31.09% |
| 2018 | +13.65% | -5.24% |
| 2017 | +30.37% | +20.78% |
| 2016 | +12.19% | +13.59% |
| 2015 | +9.79% | +1.31% |
| 2014 | +23.78% | +14.56% |
| 2013 | +34.84% | +29.00% |
| 2012 | +13.88% | +14.17% |
| 2011 | -1.36% | +0.85% |
| 2010 | +10.31% | +13.14% |
| 2009 | +35.04% | +22.67% |
| 2008 | -36.07% | -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 -49.64%, occurring on Mar 9, 2009. Recovery took 628 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 -17.59%. The current SPY drawdown is -0.36%.
| Rank | IHI | SPY |
|---|---|---|
| #1 | -49.64% Aug 15, 2008 - Feb 11, 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 | -21.99% May 19, 2011 - Sep 18, 2012 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -19.23% Oct 1, 2018 - Mar 1, 2019 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -14.16% Aug 5, 2015 - Apr 6, 2016 | -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 | -11.61% Oct 10, 2016 - Feb 15, 2017 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -10.85% Jan 26, 2018 - May 7, 2018 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -10.16% May 5, 2006 - Nov 21, 2006 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -9.38% Feb 12, 2021 - Apr 15, 2021 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.49% Mar 21, 2019 - Jun 10, 2019 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -7.95% Sep 2, 2020 - Oct 9, 2020 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -7.68% Apr 23, 2021 - Jun 28, 2021 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -7.55% Feb 8, 2007 - Apr 16, 2007 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between IHI and SPY is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (1999 - 2026)
IHI vs SPY dividend yield comparison.
| Year | IHI | SPY |
|---|---|---|
| 2026 | 0.22% | 0.48% |
| 2025 | 0.34% | 1.07% |
| 2024 | 0.46% | 1.21% |
| 2023 | 0.53% | 1.40% |
| 2022 | 0.45% | 1.65% |
| 2021 | 0.25% | 1.20% |
| 2020 | 0.25% | 1.52% |
| 2019 | 0.33% | 1.75% |
| 2018 | 0.26% | 2.04% |
| 2017 | 0.37% | 1.80% |
| 2016 | 0.55% | 2.03% |
| 2015 | 1.28% | 2.06% |
| 2014 | 0.65% | 1.87% |
| 2013 | 0.33% | 1.81% |
| 2012 | 0.64% | 2.18% |
| 2011 | 0.26% | 2.05% |
| 2010 | 0.14% | 1.80% |
| 2009 | 0.07% | 1.95% |
| 2008 | 0.10% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 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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