2B78.DE vs. ^GSPC
2B78.DE (iShares Healthcare Innovation UCITS ETF) is Health & Biotech Equities fund tracking the iSTOXX® FactSet Breakthrough Healthcare, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, 2B78.DE returned -1.46%/yr vs 12.53%/yr for ^GSPC. At a 0.42 correlation, their price movements are largely independent.
Performance
2B78.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
2B78.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 2B78.DE achieves a 6.74% return, which is significantly lower than ^GSPC's 11.08% return.
2B78.DE
- 1D
- 1.35%
- 1M
- 8.85%
- YTD
- 6.74%
- 6M
- 6.60%
- 1Y
- 27.75%
- 3Y*
- 6.56%
- 5Y*
- -1.46%
- 10Y*
- —
^GSPC
- 1D
- -0.08%
- 1M
- 0.13%
- YTD
- 11.08%
- 6M
- 9.99%
- 1Y
- 23.85%
- 3Y*
- 17.70%
- 5Y*
- 12.53%
- 10Y*
- 13.56%
2B78.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
2B78.DE iShares Healthcare Innovation UCITS ETF | 6.74% | 5.61% | 7.18% | -0.29% | -19.05% | 1.20% | 38.70% | 16.67% | 0.39% | 19.53% |
^GSPC S&P 500 Index | 11.08% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between 2B78.DE and ^GSPC is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2016 | 0.42 |
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Return for Risk
2B78.DE vs. ^GSPC — Risk / Return Rank
2B78.DE
^GSPC
2B78.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Healthcare Innovation UCITS ETF (2B78.DE) and S&P 500 Index (^GSPC). 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.
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.
| 2B78.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.35 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 3.17 | -0.86 |
| Martin ratioReturn relative to average drawdown | 5.65 | 11.71 | -6.06 |
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Drawdowns
2B78.DE vs. ^GSPC - Drawdown Comparison
The maximum 2B78.DE drawdown since its inception was -38.59%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for 2B78.DE and ^GSPC.
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Drawdown Indicators
| 2B78.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.59% | -51.62% | +13.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.00% | -7.57% | -4.43% |
Max Drawdown (3Y)Largest decline over 3 years | -25.32% | -23.99% | -1.33% |
Max Drawdown (5Y)Largest decline over 5 years | -37.03% | -23.99% | -13.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -11.68% | -1.08% | -10.60% |
Average DrawdownAverage peak-to-trough decline | -15.27% | -9.08% | -6.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 2.04% | +2.86% |
Volatility
2B78.DE vs. ^GSPC - Volatility Comparison
iShares Healthcare Innovation UCITS ETF (2B78.DE) has a higher volatility of 5.25% compared to S&P 500 Index (^GSPC) at 3.97%. This indicates that 2B78.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2B78.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 3.97% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 12.04% | 9.16% | +2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.31% | 12.60% | +3.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.97% | 16.86% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.93% | 18.61% | +1.32% |
Frequently Asked Questions
2B78.DE and ^GSPC have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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