DRDR.L vs. WHCE.L
DRDR.L (iShares Healthcare Innovation UCITS ETF USD (Acc)) and WHCE.L (Invesco S&P World Health Care ESG UCITS ETF Acc) are both Health & Biotech Equities funds - DRDR.L tracks the MSCI World/Health Care NR USD while WHCE.L tracks the S&P World ESG Enhanced Health Care Index. Both are passively managed. Over the past 3 years, DRDR.L returned 3.43%/yr vs 3.30%/yr for WHCE.L. A 0.66 correlation means they provide meaningful diversification when combined. DRDR.L charges 0.40%/yr vs 0.18%/yr for WHCE.L.
Performance
DRDR.L vs. WHCE.L - Performance Comparison
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Different Trading Currencies
DRDR.L is traded in GBp, while WHCE.L is traded in USD. To make them comparable, the WHCE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, DRDR.L achieves a 1.01% return, which is significantly higher than WHCE.L's -3.84% return.
DRDR.L
- 1D
- 3.48%
- 1M
- 6.16%
- YTD
- 1.01%
- 6M
- -0.48%
- 1Y
- 21.74%
- 3Y*
- 3.43%
- 5Y*
- -0.91%
- 10Y*
- —
WHCE.L
- 1D
- 2.89%
- 1M
- 4.71%
- YTD
- -3.84%
- 6M
- -3.54%
- 1Y
- 13.07%
- 3Y*
- 3.30%
- 5Y*
- —
- 10Y*
- —
DRDR.L vs. WHCE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DRDR.L iShares Healthcare Innovation UCITS ETF USD (Acc) | 1.01% | 10.25% | 2.62% | -3.51% |
WHCE.L Invesco S&P World Health Care ESG UCITS ETF Acc | -3.84% | 7.68% | 3.32% | 0.10% |
Correlation
The correlation between DRDR.L and WHCE.L is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.66 |
The correlation between DRDR.L and WHCE.L has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.
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Return for Risk
DRDR.L vs. WHCE.L — Risk / Return Rank
DRDR.L
WHCE.L
DRDR.L vs. WHCE.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 Invesco S&P World Health Care ESG UCITS ETF Acc (WHCE.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.
| DRDR.L | WHCE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.15 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.03 | +0.70 |
| Martin ratioReturn relative to average drawdown | 4.35 | 2.75 | +1.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DRDR.L | WHCE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 0.83 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.16 | +0.19 |
Drawdowns
DRDR.L vs. WHCE.L - Drawdown Comparison
The maximum DRDR.L drawdown since its inception was -38.49%, which is greater than WHCE.L's maximum drawdown of -20.65%. Use the drawdown chart below to compare losses from any high point for DRDR.L and WHCE.L.
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Drawdown Indicators
| DRDR.L | WHCE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.49% | -20.65% | -17.84% |
Max Drawdown (1Y)Largest decline over 1 year | -12.51% | -12.68% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -22.38% | -20.65% | -1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -35.81% | — | — |
Current DrawdownCurrent decline from peak | -16.88% | -7.71% | -9.17% |
Average DrawdownAverage peak-to-trough decline | -15.17% | -6.42% | -8.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.98% | 4.74% | +0.24% |
Volatility
DRDR.L vs. WHCE.L - Volatility Comparison
The current volatility for iShares Healthcare Innovation UCITS ETF USD (Acc) (DRDR.L) is 4.79%, while Invesco S&P World Health Care ESG UCITS ETF Acc (WHCE.L) has a volatility of 5.80%. This indicates that DRDR.L experiences smaller price fluctuations and is considered to be less risky than WHCE.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 | WHCE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 5.80% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 11.52% | 11.72% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.56% | 15.61% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 13.99% | +3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.58% | 13.99% | +4.59% |
DRDR.L vs. WHCE.L - Expense Ratio Comparison
DRDR.L has a 0.40% expense ratio, which is higher than WHCE.L's 0.18% expense ratio.
Dividends
DRDR.L vs. WHCE.L - Dividend Comparison
Neither DRDR.L nor WHCE.L has paid dividends to shareholders.
Frequently Asked Questions
DRDR.L and WHCE.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WHCE.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WHCE.L is cheaper with a 0.18% expense ratio, compared with 0.40% for DRDR.L.
DRDR.L tracks MSCI World/Health Care NR USD, while WHCE.L tracks S&P World ESG Enhanced Health Care Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.40% for DRDR.L and 0.18% for WHCE.L.
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