- Issuer
- State Street
- Inception Date
- Apr 29, 2016
- Category
- Health & Biotech Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- State Street SPDR MSCI World Health Care UCITS ETF
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
WHEA.L Performance Chart
State Street SPDR MSCI World Health Care UCITS ETF (WHEA.L) is up 1.4% since the beginning of the year. WHEA.L is currently trading at $69 per share. Investors who bought $1,000 worth of WHEA.L shares 5 years ago would now be looking at an investment worth $1,241.
Loading charts...
Returns By Period
State Street SPDR MSCI World Health Care UCITS ETF (WHEA.L) has returned 1.40% so far this year and 17.80% over the past 12 months. Over the last ten years, WHEA.L has returned 8.14% per year, falling short of the S&P 500 Index benchmark, which averaged 13.36% annually.
State Street SPDR MSCI World Health Care UCITS ETF
- 1D
- 0.44%
- 1M
- 3.82%
- 6M
- -0.33%
- YTD
- 1.40%
- 1Y
- 17.80%
- 3Y*
- 7.00%
- 5Y*
- 4.42%
- 10Y*
- 8.14%
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
WHEA.L Monthly Returns History
Based on dividend-adjusted daily data since Feb 24, 2009, WHEA.L's average daily return is +0.05%, while the average monthly return is +0.95%. At this rate, an investment would double in approximately 6.1 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2020 with a return of +11.4%, while the worst month was Feb 2009 at -8.2%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.
On a daily basis, WHEA.L closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +5.5%, while the worst single day was Mar 12, 2020 at -7.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.21% | 2.66% | -8.15% | -0.06% | 2.03% | 5.52% | -0.26% | 1.40% | |||||
| 2025 | 7.11% | -0.59% | -1.79% | -2.17% | -3.05% | 1.35% | -1.49% | 3.29% | 0.13% | 4.16% | 8.32% | -0.28% | 15.24% |
| 2024 | 3.02% | 2.01% | 2.46% | -4.27% | 2.26% | 2.67% | 3.33% | 4.46% | -2.82% | -4.02% | -1.20% | -6.15% | 1.05% |
| 2023 | -1.43% | -3.35% | 2.92% | 3.57% | -4.51% | 3.62% | 1.31% | -0.03% | -3.46% | -4.94% | 5.91% | 4.69% | 3.54% |
| 2022 | -7.89% | 0.20% | 5.52% | -4.68% | -0.57% | -3.27% | 3.08% | -5.15% | -2.88% | 6.63% | 3.75% | 0.71% | -5.55% |
| 2021 | 1.70% | -2.54% | 2.30% | 3.59% | 2.63% | 2.48% | 3.72% | 2.71% | -4.53% | 2.76% | -2.41% | 6.87% | 20.41% |
Benchmark Metrics
State Street SPDR MSCI World Health Care UCITS ETF has an annualized alpha of 5.50%, beta of 0.46, and R2 of 0.32 versus S&P 500 Index. Calculated based on daily prices since February 24, 2009.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (71.53%) than losses (70.65%) - typical of diversified or defensive assets.
- Beta of 0.46 may look defensive, but with R2 of 0.32 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.32 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 5.50%
- Beta
- 0.46
- R²
- 0.32
- Upside Capture
- 71.53%
- Downside Capture
- 70.65%
Expense Ratio
WHEA.L has an expense ratio of 0.30%, placing it in the medium range.
Return for Risk
Risk / Return Rank
WHEA.L ranks 37 for risk / return — below 37% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for State Street SPDR MSCI World Health Care UCITS ETF (WHEA.L) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WHEA.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.31 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 2.35 | -0.72 |
| Martin ratioReturn relative to average drawdown | 3.96 | 10.19 | -6.23 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the State Street SPDR MSCI World Health Care UCITS ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the State Street SPDR MSCI World Health Care UCITS ETF was 26.20%, occurring on Mar 23, 2020. Recovery took 50 trading sessions.
The current State Street SPDR MSCI World Health Care UCITS ETF drawdown is 3.30%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-26.20%Mar 2020 | 1mo 9d | 2mo 14d | 3mo 23dFeb 2020 - Jun 2020 | COVID crash2020 |
-19.36%Feb 2016 | 6mo 9d | 1y 4mo | 1y 10moAug 2015 - Jun 2017 | — |
-19.16%Apr 2025 | 7mo 7d | 7mo 21d | 1y 2moSep 2024 - Nov 2025 | 2025 selloff2025 |
-17.24%Sep 2022 | 5mo 19d | 1y 3mo | 1y 9moApr 2022 - Jan 2024 | Bear market2022 |
-15.51%Aug 2011 | 2mo 10d | 7mo 6d | 9mo 16dJun 2011 - Mar 2012 | — |
Drawdown Indicators
| WHEA.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.20% | -56.78% | +30.58% |
Max Drawdown (1Y)Largest decline over 1 year | -10.35% | -9.10% | -1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -19.16% | -18.90% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -19.16% | -25.43% | +6.27% |
Max Drawdown (10Y)Largest decline over 10 years | -26.20% | -33.92% | +7.72% |
Current DrawdownCurrent decline from peak | -3.30% | -0.49% | -2.81% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -10.70% | +5.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 2.09% | +2.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with WHEA.L
Add State Street SPDR MSCI World Health Care UCITS ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with WHEA.L