Overview
US medical device makers — surgical robots, imaging, diagnostics and implants, around 51 companies from Abbott to Intuitive Surgical.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| ABT | Abbott Laboratories | 14.8% |
| ISRG | Intuitive Surgical | 13.9% |
| SYK | Stryker Corp. | 9.6% |
| MDT | Medtronic plc | 8.8% |
| BSX | Boston Scientific | 8.4% |
| EW | Edwards Lifesciences | 4.1% |
| GEHC | GE HealthCare | 3.6% |
| IDXX | IDEXX Laboratories | 3.2% |
| RMD | ResMed Inc. | 2.8% |
| ZBH | Zimmer Biomet | 2.4% |
Fund Details
Investment Thesis
Med-tech is having its contrarian moment: a -16% year driven by GLP-1 disruption fears, tariff costs and utilisation worries has priced a chronically premium sector at decade-low relative valuations — while procedure volumes keep growing and surgical robotics compound regardless. IHI is the classic quality-sector-on-sale setup for investors who believe aging demographics outlast headline scares.
Who It's For
Contrarian healthcare investors buying a structural-growth niche in a drawdown, and sector rotators pairing it against big-pharma exposure. Patience required — sentiment turns slowly here.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $27.60 | -- |
| 2017 | $35.88 | +30.0% |
| 2018 | $40.90 | +14.0% |
| 2019 | $51.54 | +26.0% |
| 2020 | $62.88 | +22.0% |
| 2021 | $75.45 | +20.0% |
| 2022 | $58.85 | -22.0% |
| 2023 | $60.62 | +3.0% |
| 2024 | $63.04 | +4.0% |
| 2025 | $58.00 | -8.0% |
| Year | Yield |
|---|---|
| 2016 | 0.40% |
| 2017 | 0.30% |
| 2018 | 0.30% |
| 2019 | 0.30% |
| 2020 | 0.20% |
| 2021 | 0.20% |
| 2022 | 0.30% |
| 2023 | 0.40% |
| 2024 | 0.40% |
| 2025 | 0.50% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $1.2B | -- |
| 2017 | $2B | +66.7% |
| 2018 | $3B | +50.0% |
| 2019 | $4.5B | +50.0% |
| 2020 | $6B | +33.3% |
| 2021 | $8.5B | +41.7% |
| 2022 | $6B | -29.4% |
| 2023 | $5.5B | -8.3% |
| 2024 | $4.5B | -18.2% |
| 2025 | $3.8B | -15.6% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of September 2026.
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