DOCT.L vs. IHCU.L
DOCT.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 - DOCT.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, DOCT.L returned -3.16%/yr vs 5.83%/yr for IHCU.L. A 0.59 correlation means they provide meaningful diversification when combined. DOCT.L charges 0.49%/yr vs 0.15%/yr for IHCU.L.
Performance
DOCT.L vs. IHCU.L - Performance Comparison
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Different Trading Currencies
DOCT.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, DOCT.L achieves a 6.89% return, which is significantly higher than IHCU.L's 3.24% return.
DOCT.L
- 1D
- 1.46%
- 1M
- 8.05%
- 6M
- 2.37%
- YTD
- 6.89%
- 1Y
- 36.46%
- 3Y*
- 8.21%
- 5Y*
- -3.16%
- 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%
DOCT.L vs. IHCU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DOCT.L L&G Healthcare Breakthrough UCITS ETF | 6.89% | 24.90% | 1.96% | -1.16% | -33.86% | 0.19% | 66.94% | 10.00% |
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% | 11.16% |
Correlation
The correlation between DOCT.L and IHCU.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.59 |
The correlation between DOCT.L and IHCU.L has been stable across timeframes, ranging from 0.52 to 0.59 - a consistent structural relationship.
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Return for Risk
DOCT.L vs. IHCU.L — Risk / Return Rank
DOCT.L
IHCU.L
DOCT.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 (DOCT.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.
| DOCT.L | IHCU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.24 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 2.00 | +0.13 |
| Martin ratioReturn relative to average drawdown | 5.00 | 4.97 | +0.03 |
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Drawdowns
DOCT.L vs. IHCU.L - Drawdown Comparison
The maximum DOCT.L drawdown since its inception was -57.54%, which is greater than IHCU.L's maximum drawdown of -41.33%. Use the drawdown chart below to compare losses from any high point for DOCT.L and IHCU.L.
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Drawdown Indicators
| DOCT.L | IHCU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.54% | -41.33% | -16.21% |
Max Drawdown (1Y)Largest decline over 1 year | -17.02% | -10.55% | -6.47% |
Max Drawdown (3Y)Largest decline over 3 years | -28.75% | -19.50% | -9.25% |
Max Drawdown (5Y)Largest decline over 5 years | -55.80% | -19.50% | -36.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.15% | — |
Current DrawdownCurrent decline from peak | -25.19% | -3.08% | -22.11% |
Average DrawdownAverage peak-to-trough decline | -28.91% | -12.57% | -16.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.27% | 4.27% | +3.00% |
Volatility
DOCT.L vs. IHCU.L - Volatility Comparison
L&G Healthcare Breakthrough UCITS ETF (DOCT.L) has a higher volatility of 6.81% compared to iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IHCU.L) at 5.42%. This indicates that DOCT.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
| DOCT.L | IHCU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.81% | 5.42% | +1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 16.61% | 11.35% | +5.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.54% | 15.09% | +6.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.12% | 20.58% | +3.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.67% | 18.62% | +6.05% |
DOCT.L vs. IHCU.L - Expense Ratio Comparison
DOCT.L has a 0.49% expense ratio, which is higher than IHCU.L's 0.15% expense ratio.
Dividends
DOCT.L vs. IHCU.L - Dividend Comparison
Neither DOCT.L nor IHCU.L has paid dividends to shareholders.
Frequently Asked Questions
DOCT.L and IHCU.L have a correlation of 0.57, 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 DOCT.L.
DOCT.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 DOCT.L and 0.15% for IHCU.L.
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