BTEE.L vs. IHCU.L
BTEE.L (iShares Nasdaq US Biotechnology UCITS ETF USD (Dist)) and IHCU.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) are both Health & Biotech Equities funds from iShares - BTEE.L tracks the NASDAQ Biotechnology TR USD while IHCU.L tracks the iShares S&P 500 Health Care Sector UCITS ETF USD (Acc). Both are passively managed. Over the past 5 years, BTEE.L returned 5.78%/yr vs 5.83%/yr for IHCU.L. A 0.63 correlation means they provide meaningful diversification when combined. BTEE.L charges 0.35%/yr vs 0.15%/yr for IHCU.L.
Performance
BTEE.L vs. IHCU.L - Performance Comparison
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Different Trading Currencies
BTEE.L is traded in USD, while IHCU.L is traded in GBp. To make them comparable, the IHCU.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BTEE.L achieves a 14.55% return, which is significantly higher than IHCU.L's 3.24% return.
BTEE.L
- 1D
- 0.32%
- 1M
- 8.88%
- 6M
- 12.51%
- YTD
- 14.55%
- 1Y
- 49.20%
- 3Y*
- 17.34%
- 5Y*
- 5.78%
- 10Y*
- —
IHCU.L
- 1D
- 0.00%
- 1M
- 4.56%
- 6M
- 2.21%
- YTD
- 3.24%
- 1Y
- 21.72%
- 3Y*
- 8.23%
- 5Y*
- 5.83%
- 10Y*
- 9.54%
BTEE.L vs. IHCU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BTEE.L iShares Nasdaq US Biotechnology UCITS ETF USD (Dist) | 14.55% | 32.76% | -1.61% | 5.72% | -11.87% | -0.47% | 27.48% | 25.64% | -13.61% |
IHCU.L iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) | 3.24% | 14.83% | 2.22% | 1.18% | -2.66% | 27.98% | 11.40% | 21.58% | 4.46% |
Correlation
The correlation between BTEE.L and IHCU.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2018 | 0.63 |
The correlation between BTEE.L and IHCU.L has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.
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Return for Risk
BTEE.L vs. IHCU.L — Risk / Return Rank
BTEE.L
IHCU.L
BTEE.L vs. IHCU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq US Biotechnology UCITS ETF USD (Dist) (BTEE.L) and iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IHCU.L). 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.
| BTEE.L | IHCU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.24 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 6.41 | 2.00 | +4.40 |
| Martin ratioReturn relative to average drawdown | 19.12 | 4.97 | +14.15 |
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Drawdowns
BTEE.L vs. IHCU.L - Drawdown Comparison
The maximum BTEE.L drawdown since its inception was -38.29%, smaller than the maximum IHCU.L drawdown of -41.33%. Use the drawdown chart below to compare losses from any high point for BTEE.L and IHCU.L.
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Drawdown Indicators
| BTEE.L | IHCU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.29% | -41.33% | +3.04% |
Max Drawdown (1Y)Largest decline over 1 year | -7.64% | -10.55% | +2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -26.76% | -19.50% | -7.26% |
Max Drawdown (5Y)Largest decline over 5 years | -38.29% | -19.50% | -18.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.15% | — |
Current DrawdownCurrent decline from peak | -4.35% | -3.08% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -13.35% | -12.57% | -0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 4.27% | -1.70% |
Volatility
BTEE.L vs. IHCU.L - Volatility Comparison
iShares Nasdaq US Biotechnology UCITS ETF USD (Dist) (BTEE.L) has a higher volatility of 6.46% compared to iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IHCU.L) at 5.42%. This indicates that BTEE.L's price experiences larger fluctuations and is considered to be riskier than IHCU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTEE.L | IHCU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.46% | 5.42% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 15.52% | 11.35% | +4.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.37% | 15.09% | +5.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.20% | 20.58% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.48% | 18.62% | +3.86% |
BTEE.L vs. IHCU.L - Expense Ratio Comparison
BTEE.L has a 0.35% expense ratio, which is higher than IHCU.L's 0.15% expense ratio.
Dividends
BTEE.L vs. IHCU.L - Dividend Comparison
BTEE.L's dividend yield for the trailing twelve months is around 0.23%, while IHCU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BTEE.L iShares Nasdaq US Biotechnology UCITS ETF USD (Dist) | 0.23% | 0.37% | 0.46% | 0.39% | 0.44% | 0.25% | 0.17% | 0.14% | 0.07% |
IHCU.L iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BTEE.L and IHCU.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IHCU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IHCU.L is cheaper with a 0.15% expense ratio, compared with 0.35% for BTEE.L.
BTEE.L tracks NASDAQ Biotechnology TR USD, while IHCU.L tracks iShares S&P 500 Health Care Sector UCITS ETF USD (Acc). Their fees differ too: 0.35% for BTEE.L and 0.15% for IHCU.L.
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