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IHEvsTMEDETF Comparison

ETF 1
IHE

iShares U.S. Pharmaceuticals ETF

This fund is part of
US Health Care
+0.4%
VS
ETF 2
TMED

T. Rowe Price Health Care ETF

This fund is part of
US Health Care
+0.4%

iShares U.S. Pharmaceuticals ETF (IHE) and T. Rowe Price Health Care ETF (TMED) belong to the same industry segment: US Health Care. IHE's top 3 sector exposures are Healthcare and Non-Corporate. In contrast, TMED's top sector exposures are Healthcare and Consumer Non-Cyclicals.Non-Corporate,  IHE is less expensive with a Total Expense Ratio (TER) of 0.38%, versus 0.44% for TMED. IHE is up 21% year-to-date (YTD) with +$434M in YTD flows. TMED performs worse with 13.93% YTD performance, and +$5M in YTD flows. Run a side-by-side ETF comparison of IHE and TMED below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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IHE vs TMED performance and flow charts

Performance

024681012%Jun 22Jun 29Jul 6Jul 13Jul 20

Cumulative Flows

0 M100 M200 M300 M400 MJun 22Jun 29Jul 6Jul 13Jul 20

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Historic performance and flows
Data as of 07/23/2026
1M3MYTD1Y3Y5Y
Perf.
IHE
TMED
+8.25%+5.49%
+17.70%+10.90%
+21.00%+13.93%
+49.98%+37.87%
+76.25%n/a
+74.85%n/a
Flows
IHE
TMED
+$399M+$2M
+$357M+$2M
+$434M+$5M
+$588M+$9M
+$682M-
+$698M-
Volatility and drawdown
3M1Y3Y5Y
Volatility
IHE
TMED
+21.33%+18.84%
+18.06%+18.33%
+16.91%n/a
+16.50%n/a
Max drawdown
IHE
TMED
-4.42%-4.40%
-8.48%-11.09%
-16.04%n/a
-16.12%n/a
Max drawdown duration
IHE
TMED
16d15d
81d125d
210dn/a
669dn/a
Trading data

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IHE
TMED
Last sale
7/24/2026 at 6:08 PM
$102.41
$34.34
Previous close
07/23/2026
$101.99
$34.23
Consolidated volume
07/23/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of June 30, 2026
1-year trailing difference

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TMED
is actively managed and doesn’t replicate an index

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IHE
TMED
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 7/24/2026 at 6:08 PM
Live
Closed
IHE
TMED
Last price
$102.41
$34.34
1D performance
+0.41%
+0.33%
AuM$1.47 B$24.52 M
E/R0.38%0.44%
Characteristics
IHE
TMED
Management strategyPassiveActive
ProvideriSharesT. Rowe Price
BenchmarkDow Jones U.S. Select Pharmaceuticals Index-
N° of holdings5795
Asset classEquities-
Trailing 12m distribution yield
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Inception dateMay 1, 2006June 11, 2025
ESGNoNo
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Exposure

Countries

IHE
USA
96.01%
Other
3.99%
TMED
USA
93.24%
Other
6.76%

Sectors

IHE
Healthcare
99.92%
Other
0.08%
TMED
Healthcare
97.94%
Other
2.06%
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Diversification

IHE

Total weight of top 15 holdings out of 15

84.53%
TMED

Total weight of top 15 holdings out of 15

57.45%

Top 15 holdings

Data as of June 30, 2026
IHE
Johnson & Johnson
22.44%
Eli Lilly & Co.
22.25%
Merck & Co., Inc.
4.55%
Bristol Myers Squibb Co.
4.37%
Royalty Pharma Plc
4.33%
Viatris, Inc.
4.22%
Pfizer Inc.
3.96%
Zoetis, Inc.
3.73%
Jazz Pharmaceuticals Plc
3.45%
Elanco Animal Health, Inc.
2.81%
Axsome Therapeutics, Inc.
2.41%
Corcept Therapeutics, Inc.
1.90%
Ligand Pharmaceuticals, Inc.
1.45%
Definium Therapeutics, Inc.
1.39%
Liquidia Corp.
1.28%
TMED
Eli Lilly & Co.
16.59%
UnitedHealth Group, Inc.
6.52%
Gilead Sciences, Inc.
4.55%
Thermo Fisher Scientific, Inc.
4.11%
Danaher Corp.
2.96%
Cencora, Inc.
2.82%
Agilent Technologies, Inc.
2.61%
Alnylam Pharmaceuticals, Inc.
2.60%
Intuitive Surgical, Inc.
2.55%
Insulet Corp.
2.38%
Stryker Corp.
2.22%
Dyne Therapeutics, Inc.
2.03%
Elanco Animal Health, Inc.
1.91%
Pfizer Inc.
1.91%
Waters Corp.
1.68%
Frequently asked questions about IHE and TMED

How have the IHE and TMED ETFs performed in 2026?

As of July 23, 2026, IHE is up 21% year-to-date (YTD), while TMED has returned 13.93%. That puts IHE better performer ahead so far this year.

Which ETF is attracting more investor money: IHE or TMED?

Year-to-date, the IHE ETF saw +$434M in flows, compared to +$5M for TMED.

Which ETF is more volatile: IHE or TMED?

Over the past year, IHE had a volatility of 18.06%, while TMED experienced 18.33%.

Which ETF is bigger: IHE or TMED?

As of July 23, 2026, IHE holds $1.47 B in assets under management (AUM), while TMED manages $24.52 M.

What sectors do the IHE and TMED ETFs invest in?

IHE leans toward sectors like Healthcare. Meanwhile, TMED focuses on Healthcare.

What are the top holdings of the IHE ETF and TMED ETF?

IHE top holdings include Johnson & Johnson, Eli Lilly & Co. and Merck & Co., Inc.. TMED holds in its top three: Eli Lilly & Co., UnitedHealth Group, Inc. and Gilead Sciences, Inc..

Which ETF is more diversified: IHE or TMED?

IHE holds 57 securities with 84.53% of its assets in the top 15. TMED has 95 securities and a top 15 weight of 57.45%.

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