Category Review
Health care funds trail the S&P 500 this year
iShares U.S. Medical Devices ETF
$52.69−0.10 (−0.19%)
- 0.37%
- $3.6B
- −9.8%
- 0.50%
- 2.7M sh
- $51.72
- low $47.37high $64.71
The ETF.net IHI Grade
B
Score 58 out of 100
- 10 of 25
Score 58 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B69 out of 100Rank 7 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F19 out of 100Rank 21 of 24Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A89 out of 100Rank 2 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D29 out of 100Rank 22 of 25Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A86 out of 100Rank 3 of 25
Our read on IHI
BMedical devices only: pacemakers, insulin pumps, surgical robots. No pharma, no insurers, no hospitals riding along. iShares has run this narrow slice since 2006, and it costs less than the typical thematic fund.
The fund seeks to track an index of U.S. equities focused on the medical devices sector, providing targeted exposure to domestic medical-equipment manufacturers and distributors.
Why people hold it
- At 0.37% a year, it undercuts the typical fund in its thematic peer group, which sits closer to 0.56%.
- Tracks the Dow Jones U.S. Select Medical Equipment Index: roughly 50 US device makers and distributors, and nothing else wearing a lab coat.ishares.com
- A multi-billion-dollar fund that trades actively, so entering and exiting rarely means wrestling with the spread.
- Live since 2006 and one of the sturdier builds in its thematic cohort, with no structural quirks flagged.
Worth knowing
- About 50 names means a handful of big device makers carry most of the weight. Single-company news lands harder here than in a broad healthcare fund.
- One narrow slice of one sector, all US-listed. It can travel a long way from the broad market in either direction.
- Distributions arrive quarterly, but the mandate is device-maker stock exposure, not a yield engine.
IHI Holdings
- Stocks
- 53
- 76%
- ABT
Sectors
- Health Care100.0%
Geography
- United States84.88%
- Ireland14.31%
- United Kingdom0.81%
IHI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
IHI$9,017
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | IHI |
|---|---|
| Year to date | −14.7% |
| 1 month | +3.9% |
| 3 months | +3.0% |
| 1 year | −9.8% |
| 3 years | +6.1% |
| 5 years | −2.7% |
| 10 years | +8.8% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | IHI |
|---|---|---|
| 2026 YTD | −14.7% | |
| 2025 | +6.9% | |
| 2024 | +8.6% | |
| 2023 | +3.2% | |
| 2022 | −19.8% | |
| 2021 | +21.0% | |
| 2020 | +24.2% |
IHI in the news
IHI Dividends
- 0.50%
- $0.26
- $0.08 per share
- Quarterly
Distribution history
IHI Risk
- 17.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.04
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −32.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.82
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IHI Cost
0.37%
IHI0.37%
- The middle half of Health Care (Broad) funds
- Median 0.50%
6 of the 25 Health Care (Broad) funds charge less.
Other funds in Health Care (Broad)
- BXHEState Street SPDR S&P Health Care Equipment ETFExpense ratio 0.35%1 year return +17.8%
- BFXHFirst Trust Health Care AlphaDEX FundExpense ratio 0.61%1 year return +20.2%
- BIHFiShares U.S. Healthcare Providers ETFExpense ratio 0.37%1 year return +16.5%
- CPINKSimplify Health Care ETFExpense ratio 0.51%1 year return +20.0%
- CFMEDFidelity Disruptive Medicine ETFExpense ratio 0.50%1 year return +21.9%