2B77.DE vs. SPYH.DE
2B77.DE (iShares Ageing Population UCITS ETF) and SPYH.DE (SPDR MSCI Europe Health Care UCITS ETF) are both Health & Biotech Equities funds - 2B77.DE tracks the iSTOXX® FactSet Ageing Population while SPYH.DE tracks the MSCI Europe Health Care 20/35 Capped. Both are passively managed. Over the past 5 years, 2B77.DE returned 5.15%/yr vs 5.81%/yr for SPYH.DE. A 0.55 correlation means they provide meaningful diversification when combined. 2B77.DE charges 0.40%/yr vs 0.18%/yr for SPYH.DE.
Performance
2B77.DE vs. SPYH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 2B77.DE achieves a 2.83% return, which is significantly higher than SPYH.DE's -1.97% return.
2B77.DE
- 1D
- 1.81%
- 1M
- 0.31%
- YTD
- 2.83%
- 6M
- 4.39%
- 1Y
- 16.72%
- 3Y*
- 10.94%
- 5Y*
- 5.15%
- 10Y*
- —
SPYH.DE
- 1D
- 3.34%
- 1M
- 1.68%
- YTD
- -1.97%
- 6M
- -0.27%
- 1Y
- 6.32%
- 3Y*
- 2.85%
- 5Y*
- 5.81%
- 10Y*
- 6.16%
2B77.DE vs. SPYH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
2B77.DE iShares Ageing Population UCITS ETF | 2.83% | 13.27% | 14.30% | 5.16% | -8.98% | 13.25% | 2.39% | 23.81% | -9.53% | 7.26% |
SPYH.DE SPDR MSCI Europe Health Care UCITS ETF | -1.97% | 7.82% | 3.98% | 7.88% | -4.55% | 25.71% | -2.51% | 33.07% | -1.21% | 2.94% |
Correlation
The correlation between 2B77.DE and SPYH.DE is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2016 | 0.55 |
The correlation between 2B77.DE and SPYH.DE has been stable across timeframes, ranging from 0.48 to 0.55 - a consistent structural relationship.
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Return for Risk
2B77.DE vs. SPYH.DE — Risk / Return Rank
2B77.DE
SPYH.DE
2B77.DE vs. SPYH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ageing Population UCITS ETF (2B77.DE) and SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| 2B77.DE | SPYH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.08 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 0.50 | +1.95 |
| Martin ratioReturn relative to average drawdown | 8.32 | 1.10 | +7.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 2B77.DE | SPYH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 0.37 | +0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.36 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.43 | 0.00 |
Drawdowns
2B77.DE vs. SPYH.DE - Drawdown Comparison
The maximum 2B77.DE drawdown since its inception was -38.47%, which is greater than SPYH.DE's maximum drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for 2B77.DE and SPYH.DE.
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Drawdown Indicators
| 2B77.DE | SPYH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.47% | -26.62% | -11.85% |
Max Drawdown (1Y)Largest decline over 1 year | -6.80% | -12.58% | +5.78% |
Max Drawdown (3Y)Largest decline over 3 years | -20.07% | -26.62% | +6.55% |
Max Drawdown (5Y)Largest decline over 5 years | -20.07% | -26.62% | +6.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.62% | — |
Current DrawdownCurrent decline from peak | -1.60% | -10.72% | +9.12% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -8.61% | +3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 5.73% | -3.72% |
Volatility
2B77.DE vs. SPYH.DE - Volatility Comparison
The current volatility for iShares Ageing Population UCITS ETF (2B77.DE) is 3.36%, while SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) has a volatility of 6.01%. This indicates that 2B77.DE experiences smaller price fluctuations and is considered to be less risky than SPYH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2B77.DE | SPYH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 6.01% | -2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 9.17% | 12.04% | -2.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.28% | 17.05% | -4.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.09% | 15.76% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.52% | 15.82% | +0.70% |
2B77.DE vs. SPYH.DE - Expense Ratio Comparison
2B77.DE has a 0.40% expense ratio, which is higher than SPYH.DE's 0.18% expense ratio.
Dividends
2B77.DE vs. SPYH.DE - Dividend Comparison
Neither 2B77.DE nor SPYH.DE has paid dividends to shareholders.
Frequently Asked Questions
2B77.DE and SPYH.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYH.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYH.DE is cheaper with a 0.18% expense ratio, compared with 0.40% for 2B77.DE.
2B77.DE tracks iSTOXX® FactSet Ageing Population, while SPYH.DE tracks MSCI Europe Health Care 20/35 Capped. They also come from different issuers: iShares and State Street. Their fees differ too: 0.40% for 2B77.DE and 0.18% for SPYH.DE.
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