IHI vs IVV
iShares US Medical Devices ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IHI | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.37% | 0.03% | |
| AUM | $3.5B | $907.0B | |
| Dividend Yield | 0.46% | 1.10% | |
| Holdings | 51 | 508 | |
| YTD Return | -10.20% | +12.28% | |
| 1Y Return | -11.03% | +20.94% | |
| 3Y Return (annualized) | +2.98% | +21.81% | |
| 5Y Return (annualized) | -2.59% | +13.05% | |
| Volatility (annualized) | 17.4% | 15.1% | |
| Max Drawdown | -49.7% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 1, 2006 | May 15, 2000 |
IHI vs IVV Performance
iShares US Medical Devices ETF (IHI) is a ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year IHI returned -11.03% while IVV returned +20.94%. Year to date, IHI is down 10.20% versus a gain of 12.28% for IVV.
Over three years, IHI compounded at +2.98% per year against +21.81% for IVV; over five years the annualized figures are -2.59% and +13.05% respectively. Across the full 20-year window we track, IHI has the edge at +9.95% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IHI has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -49.7% for IHI and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IHI charges 0.37% per year while IVV charges 0.03%. On a $10,000 position that is $37 vs $3 annually, a gap of $34 per year that compounds over a long holding period. On income, IHI currently yields 0.46% against 1.10% for IVV.
Holdings Overlap
IHI and IVV share 17 holdings out of 535 unique holdings combined, representing a 1.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IHI or IVV?
IHI has an expense ratio of 0.37% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $34 per year of difference.
Which performed better, IHI or IVV?
Over the past year IHI returned -11.03% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (20 years), IHI annualized +9.95% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, IHI or IVV?
IHI has been the more volatile fund at 17.4% annualized versus 15.1% for IVV. Worst drawdown: IHI -49.7% vs IVV -56.5%.
Should I hold both IHI and IVV?
IHI and IVV have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IHI and IVV?
IHI and IVV share 17 common holdings with a 1.5% weight overlap. Combined, they hold 535 unique securities.
Which pays a higher dividend, IHI or IVV?
IHI yields 0.46% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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