DOCG.L vs. IHCU.L
DOCG.L (L&G Healthcare Breakthrough UCITS ETF) and IHCU.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) are both Health & Biotech Equities funds - DOCG.L tracks the MSCI World/Health Care NR 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, DOCG.L returned -2.75%/yr vs 6.27%/yr for IHCU.L. A 0.59 correlation means they provide meaningful diversification when combined. DOCG.L charges 0.49%/yr vs 0.15%/yr for IHCU.L.
Performance
DOCG.L vs. IHCU.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DOCG.L achieves a 6.49% return, which is significantly higher than IHCU.L's 3.10% return.
DOCG.L
- 1D
- 0.63%
- 1M
- 7.49%
- 6M
- 1.84%
- YTD
- 6.49%
- 1Y
- 35.30%
- 3Y*
- 6.99%
- 5Y*
- -2.75%
- 10Y*
- —
IHCU.L
- 1D
- 0.45%
- 1M
- 4.09%
- 6M
- 1.95%
- YTD
- 3.10%
- 1Y
- 20.87%
- 3Y*
- 7.15%
- 5Y*
- 6.27%
- 10Y*
- 9.36%
DOCG.L vs. IHCU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DOCG.L L&G Healthcare Breakthrough UCITS ETF | 6.49% | 16.50% | 3.57% | -6.64% | -25.94% | 1.46% | 61.30% | -16.63% |
IHCU.L iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) | 3.10% | 6.77% | 3.96% | -3.89% | 8.99% | 29.15% | 8.09% | 6.39% |
Correlation
The correlation between DOCG.L and IHCU.L is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.59 |
The correlation between DOCG.L and IHCU.L has been stable across timeframes, ranging from 0.52 to 0.59 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DOCG.L vs. IHCU.L — Risk / Return Rank
DOCG.L
IHCU.L
DOCG.L vs. IHCU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Healthcare Breakthrough UCITS ETF (DOCG.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.
| DOCG.L | IHCU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 1.79 | +0.43 |
| Martin ratioReturn relative to average drawdown | 4.97 | 4.47 | +0.50 |
Loading charts...
Drawdowns
DOCG.L vs. IHCU.L - Drawdown Comparison
The maximum DOCG.L drawdown since its inception was -51.45%, which is greater than IHCU.L's maximum drawdown of -38.44%. Use the drawdown chart below to compare losses from any high point for DOCG.L and IHCU.L.
Loading charts...
Drawdown Indicators
| DOCG.L | IHCU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.45% | -38.44% | -13.01% |
Max Drawdown (1Y)Largest decline over 1 year | -15.84% | -11.54% | -4.30% |
Max Drawdown (3Y)Largest decline over 3 years | -25.52% | -23.98% | -1.54% |
Max Drawdown (5Y)Largest decline over 5 years | -49.65% | -23.98% | -25.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.98% | — |
Current DrawdownCurrent decline from peak | -23.13% | -4.34% | -18.79% |
Average DrawdownAverage peak-to-trough decline | -27.43% | -9.78% | -17.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.08% | 4.63% | +2.45% |
Volatility
DOCG.L vs. IHCU.L - Volatility Comparison
L&G Healthcare Breakthrough UCITS ETF (DOCG.L) has a higher volatility of 6.60% compared to iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IHCU.L) at 5.45%. This indicates that DOCG.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.
Loading charts...
Volatility by Period
| DOCG.L | IHCU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.60% | 5.45% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 15.78% | 11.14% | +4.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.34% | 15.18% | +5.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.84% | 20.31% | +5.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.47% | 18.55% | +7.92% |
DOCG.L vs. IHCU.L - Expense Ratio Comparison
DOCG.L has a 0.49% expense ratio, which is higher than IHCU.L's 0.15% expense ratio.
Dividends
DOCG.L vs. IHCU.L - Dividend Comparison
Neither DOCG.L nor IHCU.L has paid dividends to shareholders.
Frequently Asked Questions
DOCG.L and IHCU.L have a correlation of 0.56, 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 0.49% for DOCG.L.
DOCG.L tracks MSCI World/Health Care NR USD, while IHCU.L tracks iShares S&P 500 Health Care Sector UCITS ETF USD (Acc). They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.49% for DOCG.L and 0.15% for IHCU.L.
Find the right allocation for DOCG.L and IHCU.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer