iShares U.S. Medical Devices ETF (IHI) Performance
IHI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −11.3% since Dec 31, 2025
- 1 year
- −11.2% total return
- 5 years
- −2.9% a year
- 10 years
- +9.3% a year
- Since first price
- +10.1% a year since 2006
IHI trailing returns vs SPY, QQQ, AGG
| Period | IHI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +6.1% | +6.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +11.3% | +11.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.9% | +3.6% | +7.8% | +8.4% | −1.5% |
| YTD | −11.3% | −11.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −11.2% | −11.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +20.9%+6.5%/yr | +19.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −13.7%−2.9%/yr | −15.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +142.6%+9.3%/yr | +133.0% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +500.3%+12.7%/yr | +457.5% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +635.9%+10.5%/yr | +580.4% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionMay 5, 2006 | +617.4%+10.1%/yr | +563.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: IHI vs SPY
From May 5, 2006: IHI grew to $71,742, SPY to $83,394.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IHI returns by calendar year
17 of 19 full years positive. Best 2009 (+38.5%), worst 2008 (−36.8%). 2026 is year to date.
IHI annual returns table
| Year | IHI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −11.3% | −26.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +6.9% | −16.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +8.6% | −7.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +3.2% | −22.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −19.8% | −27.8% | −18.2% | −32.6% | −13.0% |
| 2021 | +21.0% | −9.4% | +28.7% | +27.4% | −1.8% |
| 2020 | +24.2% | −33.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +32.8% | −8.5% | +31.2% | +39.0% | +8.5% |
| 2018 | +15.5% | −19.2% | −4.6% | −0.1% | +0.1% |
| 2017 | +30.8% | −5.1% | +21.7% | +32.7% | +3.6% |
| 2016 | +9.3% | −11.6% | +12.0% | +7.1% | +2.4% |
| 2015 | +9.7% | −14.2% | +1.2% | +9.4% | +0.5% |
| 2014 | +22.7% | −6.1% | +13.5% | +19.2% | +6.0% |
| 2013 | +37.8% | −4.7% | +32.3% | +36.6% | −2.0% |
| 2012 | +15.8% | −11.2% | +16.0% | +18.1% | +3.8% |
| 2011 | +0.0% | −22.0% | +1.9% | +3.4% | +7.7% |
| 2010 | +11.4% | −20.6% | +15.1% | +19.9% | +6.4% |
| 2009 | +38.5% | −23.4% | +26.4% | +54.7% | +3.0% |
| 2008 | −36.8% | −46.5% | −36.8% | −41.7% | +7.9% |
| 2007 | +18.7% | −7.8% | +5.1% | +19.0% | +6.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
IHI largest drawdowns
Now 16.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 15, 2008 | −49.6% | Mar 9, 2009 | Feb 11, 2011 | 7 months | 2.5 years |
| Jan 22, 2020 | −33.2% | Mar 23, 2020 | Jul 15, 2020 | 2 months | 6 months |
| Sep 8, 2021 | −33.1% | Oct 30, 2023 | not yet | 2.1 years | 5.1 years so far |
| May 19, 2011 | −22.0% | Nov 25, 2011 | Sep 18, 2012 | 6 months | 1.3 years |
| Oct 1, 2018 | −19.2% | Dec 24, 2018 | Mar 1, 2019 | 3 months | 5 months |
| Aug 5, 2015 | −14.2% | Sep 28, 2015 | Apr 6, 2016 | 54 days | 8 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
IHI risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2006 |
|---|---|---|---|---|
| Annualized return | +2.3% | −3.6% | +8.2% | +10.0% |
| Volatility (annualized) | 17.7% | 18.7% | 17.7% | 17.5% |
| Sharpe ratio | -0.03 | -0.29 | 0.40 | 0.56 |
| Sortino ratio | -0.05 | -0.39 | 0.60 | 0.82 |
| Best month | +10.8% | +10.8% | +14.2% | +14.2% |
| Worst month | −11.3% | −11.3% | −11.3% | −21.5% |
| Best 12 months | +29.0% | +29.0% | +47.0% | +58.8% |
| Worst 12 months | −20.8% | −24.5% | −24.5% | −39.0% |
| Positive months | 56% | 52% | 61% | 64% |
| Beta vs S&P 500 | 0.70 | 0.82 | 0.84 | — |
| Correlation with S&P 500 | 0.49 | 0.69 | 0.72 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
IHI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 234 | −39.0% | +14.0% | +58.8% | 79% |
| 3-year (a year) | 210 | −5.9% | +15.6% | +27.7% | 86% |
| 5-year (a year) | 186 | −3.6% | +15.9% | +24.7% | 96% |
| 10-year (a year) | 126 | +8.2% | +14.1% | +21.6% | 100% |
Every holding period starting at a month-end since 2006. Returns for 3 years and longer are annualized.
IHI performance overview
iShares U.S. Medical Devices ETF (IHI) returned −11.2% over the past year and +9.3% a year over ten years, with distributions reinvested. Since its first recorded price in 2006 it has returned +10.1% a year, turning $10,000 into about $71,742. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −49.6%, from Aug 15, 2008 to Mar 9, 2009, and it took 1.9 years to get back to the old high. IHI finished 17 of its 19 full calendar years with a gain; the best year was 2009 (+38.5%) and the worst 2008 (−36.8%). Volatility has been 17.5% a year.
Related: IHI chart, IHI holdings, IHI dividends, IHI valuation. See the IHI overview for the latest quote and fund facts.
IHI performance FAQ
What is the IHI return over the past year?
IHI returned −11.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 11.6%.
What is the average annual return of IHI?
IHI has returned −2.9% a year over 5 years, +9.3% a year over 10 years, +10.1% a year since May 5, 2006 (total return, distributions reinvested).
How much would $10,000 invested in IHI be worth?
$10,000 invested in IHI at its first recorded close on May 5, 2006 would be worth about $71,742 on October 23, 2026 with distributions reinvested.
What was the worst year for IHI?
The worst calendar year was 2008, with a total return of −36.8%. The best was 2009 at +38.5%.
What is the biggest drawdown of IHI?
The largest peak-to-trough decline was −49.6% between August 15, 2008 and March 9, 2009. It recovered to the old high on February 11, 2011, 1.9 years after the bottom.
How volatile is IHI?
Over the past 3 years IHI had an annualized volatility of 17.7% and a Sharpe ratio of -0.03 (excess return over 1–3 month T-bills per unit of risk).