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 -0.58%/yr vs 12.47%/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 9.20% return, which is significantly lower than ^GSPC's 13.20% return.
2B78.DE
- 1D
- 0.60%
- 1M
- 9.06%
- 6M
- 4.07%
- YTD
- 9.20%
- 1Y
- 28.12%
- 3Y*
- 7.74%
- 5Y*
- -0.58%
- 10Y*
- —
^GSPC
- 1D
- 0.00%
- 1M
- 1.21%
- 6M
- 10.91%
- YTD
- 13.20%
- 1Y
- 22.56%
- 3Y*
- 18.02%
- 5Y*
- 12.47%
- 10Y*
- 12.91%
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 | 9.20% | 5.61% | 7.18% | -0.29% | -19.05% | 1.20% | 38.70% | 16.67% | 0.39% | 19.53% |
^GSPC S&P 500 Index | 13.27% | 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 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
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 | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 3.00 | -0.66 |
| Martin ratioReturn relative to average drawdown | 5.73 | 11.06 | -5.33 |
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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 -51.28%. 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% | -51.28% | +12.69% |
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 | -9.65% | -0.58% | -9.07% |
Average DrawdownAverage peak-to-trough decline | -15.24% | -8.94% | -6.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.89% | 2.04% | +2.85% |
Volatility
2B78.DE vs. ^GSPC - Volatility Comparison
iShares Healthcare Innovation UCITS ETF (2B78.DE) has a higher volatility of 4.85% compared to S&P 500 Index (^GSPC) at 3.04%. 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 | 4.85% | 3.04% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 11.80% | 9.17% | +2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.37% | 12.60% | +3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.00% | 16.85% | +1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.91% | 18.60% | +1.31% |
Frequently Asked Questions
2B78.DE and ^GSPC have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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