2B78.DE vs. ^GSPC
Compare and contrast key facts about iShares Healthcare Innovation UCITS ETF (2B78.DE) and S&P 500 (^GSPC).
2B78.DE is a passively managed fund by iShares that tracks the performance of the iSTOXX® FactSet Breakthrough Healthcare. It was launched on Sep 8, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 2B78.DE or ^GSPC.
Correlation
The correlation between 2B78.DE and ^GSPC is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
2B78.DE vs. ^GSPC - Performance Comparison
Key characteristics
2B78.DE:
0.56
^GSPC:
2.10
2B78.DE:
0.86
^GSPC:
2.80
2B78.DE:
1.10
^GSPC:
1.39
2B78.DE:
0.26
^GSPC:
3.09
2B78.DE:
2.60
^GSPC:
13.49
2B78.DE:
2.91%
^GSPC:
1.94%
2B78.DE:
13.68%
^GSPC:
12.52%
2B78.DE:
-38.58%
^GSPC:
-56.78%
2B78.DE:
-21.48%
^GSPC:
-2.62%
Returns By Period
In the year-to-date period, 2B78.DE achieves a 7.45% return, which is significantly lower than ^GSPC's 24.34% return.
2B78.DE
7.45%
2.15%
5.61%
10.81%
3.85%
N/A
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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Risk-Adjusted Performance
2B78.DE vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Healthcare Innovation UCITS ETF (2B78.DE) and S&P 500 (^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.
Drawdowns
2B78.DE vs. ^GSPC - Drawdown Comparison
The maximum 2B78.DE drawdown since its inception was -38.58%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for 2B78.DE and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
2B78.DE vs. ^GSPC - Volatility Comparison
iShares Healthcare Innovation UCITS ETF (2B78.DE) has a higher volatility of 4.39% compared to S&P 500 (^GSPC) at 3.75%. 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.