DRDR.L vs. IHCU.L
DRDR.L (iShares Healthcare Innovation UCITS ETF USD (Acc)) and IHCU.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) are both Health & Biotech Equities funds from iShares - DRDR.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, DRDR.L returned -0.78%/yr vs 6.27%/yr for IHCU.L. A 0.68 correlation means they provide meaningful diversification when combined. DRDR.L charges 0.40%/yr vs 0.15%/yr for IHCU.L.
Performance
DRDR.L vs. IHCU.L - Performance Comparison
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Returns By Period
In the year-to-date period, DRDR.L achieves a 6.68% return, which is significantly higher than IHCU.L's 3.10% return.
DRDR.L
- 1D
- -0.17%
- 1M
- 6.96%
- 6M
- 2.11%
- YTD
- 6.68%
- 1Y
- 25.03%
- 3Y*
- 7.44%
- 5Y*
- -0.78%
- 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%
DRDR.L vs. IHCU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRDR.L iShares Healthcare Innovation UCITS ETF USD (Acc) | 6.68% | 10.25% | 2.62% | -2.51% | -14.93% | -5.21% | 48.69% | 8.88% | 2.12% | 23.69% |
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% | 16.89% | 10.43% | 11.31% |
Correlation
The correlation between DRDR.L and IHCU.L is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2016 | 0.68 |
The correlation between DRDR.L and IHCU.L has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.
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Return for Risk
DRDR.L vs. IHCU.L — Risk / Return Rank
DRDR.L
IHCU.L
DRDR.L vs. IHCU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Healthcare Innovation UCITS ETF USD (Acc) (DRDR.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.
| DRDR.L | IHCU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.23 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.79 | +0.20 |
| Martin ratioReturn relative to average drawdown | 4.87 | 4.47 | +0.40 |
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Drawdowns
DRDR.L vs. IHCU.L - Drawdown Comparison
The maximum DRDR.L drawdown since its inception was -38.49%, roughly equal to the maximum IHCU.L drawdown of -38.44%. Use the drawdown chart below to compare losses from any high point for DRDR.L and IHCU.L.
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Drawdown Indicators
| DRDR.L | IHCU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.49% | -38.44% | -0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -12.51% | -11.54% | -0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -22.88% | -23.98% | +1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -35.81% | -23.98% | -11.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.98% | — |
Current DrawdownCurrent decline from peak | -12.21% | -4.34% | -7.87% |
Average DrawdownAverage peak-to-trough decline | -17.39% | -9.78% | -7.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.13% | 4.63% | +0.50% |
Volatility
DRDR.L vs. IHCU.L - Volatility Comparison
The current volatility for iShares Healthcare Innovation UCITS ETF USD (Acc) (DRDR.L) is 5.03%, while iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IHCU.L) has a volatility of 5.45%. This indicates that DRDR.L experiences smaller price fluctuations and is considered to be less risky 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
| DRDR.L | IHCU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 5.45% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 11.99% | 11.14% | +0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.94% | 15.18% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.14% | 20.31% | +1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.54% | 18.55% | +3.99% |
DRDR.L vs. IHCU.L - Expense Ratio Comparison
DRDR.L has a 0.40% expense ratio, which is higher than IHCU.L's 0.15% expense ratio.
Dividends
DRDR.L vs. IHCU.L - Dividend Comparison
Neither DRDR.L nor IHCU.L has paid dividends to shareholders.
Frequently Asked Questions
DRDR.L and IHCU.L have a correlation of 0.67, 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 0.40% for DRDR.L.
DRDR.L tracks MSCI World/Health Care NR USD, while IHCU.L tracks iShares S&P 500 Health Care Sector UCITS ETF USD (Acc). Their fees differ too: 0.40% for DRDR.L and 0.15% for IHCU.L.
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