The U.S. Medical Devices ETF fund is an exchange traded fund (ETF) within the iShares family. 2 other funds in our database have a greater than 99% correlation with IHI.

Within the iShares family of funds, the most positively correlated other funds are MSCI USA Minimum Volatility ETF, MSCI USA Momentum Factor ETF, Russell Top 200 Growth ETF, North American Tech ETF, U.S. Healthcare ETF.

Outside of the iShares family, the most positively correlated other funds are SPDR - S&P Health Care Equipment, PowerShares - DWA Consumer Staples Momentum Portfolio, SPDR - Health Care Select Sector Fund, Vanguard Mutual Funds - U.S. Growth Admiral Shares, Vanguard Mutual Funds - Health Care Index Admiral Shares.

Extremely Similar Funds

There are multiple other funds which have extremely high correlation to iShares's U.S. Medical Devices ETF fund.
99.2% XHE SPDR S&P Health Care Equipment
99.2% USMV iShares MSCI USA Minimum Volatility ETF

Performance for the previous 2 years


Positively Correlated iShares ETFs
USMV iShares MSCI USA Minimum Volatility ETF 99.2%
MTUM iShares MSCI USA Momentum Factor ETF 99.0%
IWY iShares Russell Top 200 Growth ETF 98.8%
IGM iShares North American Tech ETF 98.8%
IYH iShares U.S. Healthcare ETF 98.8%
Negatively Correlated iShares funds
EWZS iShares MSCI Brazil Small-Cap ETF -89.9%
EMEY iShares MSCI Emerging Markets Energy Capped ETF -87.5%
SLVP iShares MSCI Global Silver Miners ETF -85.7%
CMDT iShares Commodity Optimized Trust -85.2%
ICOL iShares MSCI Colombia Capped ETF -84.8%

Positively Correlated Non-iShares funds
XHE SPDR S&P Health Care Equipment 99.2%
PSL PowerShares DWA Consumer Staples Momentum Portfolio 98.9%
XLV SPDR Health Care Select Sector Fund 98.8%
VWUAX Vanguard Mutual Funds U.S. Growth Admiral Shares 98.8%
VHCIX Vanguard Mutual Funds Health Care Index Admiral Shares 98.8%
Negatively Correlated Non-iShares funds
EDIV SPDR S&P Emerging Markets Dividend -82.2%
LALT PowerShares Multi-Strategy Alternative Portfolio -81.0%
RBL SPDR S&P Russia -80.4%
UDN PowerShares DB US Dollar Index Bearish Fund -68.3%
PSAU PowerShares Global Gold and Precious Metals Portfolio -67.4%

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