DRDR.L vs. ESIH.L
Compare and contrast key facts about iShares Healthcare Innovation UCITS ETF USD (Acc) (DRDR.L) and iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.L).
DRDR.L and ESIH.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DRDR.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Health Care NR USD. It was launched on Sep 8, 2016. ESIH.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Health Care NR USD. It was launched on Nov 17, 2020. Both DRDR.L and ESIH.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DRDR.L or ESIH.L.
Key characteristics
| DRDR.L | ESIH.L | |
|---|---|---|
| YTD Return | 1.37% | 10.41% |
| 1Y Return | -1.66% | 7.42% |
| 3Y Return (Ann) | -4.88% | 10.87% |
| Sharpe Ratio | -0.16 | 0.46 |
| Daily Std Dev | 13.82% | 14.04% |
| Max Drawdown | -38.49% | -14.24% |
| Current Drawdown | -26.27% | -0.86% |
Correlation
The correlation between DRDR.L and ESIH.L is 0.60, 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
DRDR.L vs. ESIH.L - Performance Comparison
In the year-to-date period, DRDR.L achieves a 1.37% return, which is significantly lower than ESIH.L's 10.41% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DRDR.L vs. ESIH.L - Expense Ratio Comparison
DRDR.L has a 0.40% expense ratio, which is higher than ESIH.L's 0.18% expense ratio.
Risk-Adjusted Performance
DRDR.L vs. ESIH.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Healthcare Innovation UCITS ETF USD (Acc) (DRDR.L) and iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.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.
Dividends
DRDR.L vs. ESIH.L - Dividend Comparison
Neither DRDR.L nor ESIH.L has paid dividends to shareholders.
Drawdowns
DRDR.L vs. ESIH.L - Drawdown Comparison
The maximum DRDR.L drawdown since its inception was -38.49%, which is greater than ESIH.L's maximum drawdown of -14.24%. Use the drawdown chart below to compare losses from any high point for DRDR.L and ESIH.L. For additional features, visit the drawdowns tool.
Volatility
DRDR.L vs. ESIH.L - Volatility Comparison
iShares Healthcare Innovation UCITS ETF USD (Acc) (DRDR.L) has a higher volatility of 4.30% compared to iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.L) at 3.34%. This indicates that DRDR.L's price experiences larger fluctuations and is considered to be riskier than ESIH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.