DXSE.DE vs. WH2E.DE
DXSE.DE (Xtrackers MSCI Europe Health Care ESG Screened UCITS ETF 1C) and WH2E.DE (Invesco S&P World Health Care ESG UCITS ETF Acc) are both Health & Biotech Equities funds - DXSE.DE tracks the MSCI Europe Health Care ESG Screened 20-35 while WH2E.DE tracks the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Health Care. Both are passively managed. Over the past 3 years, DXSE.DE returned 2.51%/yr vs 3.13%/yr for WH2E.DE. A 0.70 correlation means they provide meaningful diversification when combined. DXSE.DE charges 0.17%/yr vs 0.18%/yr for WH2E.DE.
Performance
DXSE.DE vs. WH2E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DXSE.DE achieves a -1.95% return, which is significantly higher than WH2E.DE's -3.24% return.
DXSE.DE
- 1D
- 2.90%
- 1M
- 1.98%
- YTD
- -1.95%
- 6M
- -0.40%
- 1Y
- 4.80%
- 3Y*
- 2.51%
- 5Y*
- 5.38%
- 10Y*
- 6.10%
WH2E.DE
- 1D
- 2.76%
- 1M
- 4.70%
- YTD
- -3.24%
- 6M
- -2.41%
- 1Y
- 10.18%
- 3Y*
- 3.13%
- 5Y*
- —
- 10Y*
- —
DXSE.DE vs. WH2E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DXSE.DE Xtrackers MSCI Europe Health Care ESG Screened UCITS ETF 1C | -1.95% | 4.97% | 4.52% | 0.17% |
WH2E.DE Invesco S&P World Health Care ESG UCITS ETF Acc | -3.24% | 2.78% | 7.94% | 1.68% |
Correlation
The correlation between DXSE.DE and WH2E.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.70 |
The correlation between DXSE.DE and WH2E.DE has been stable across timeframes, ranging from 0.69 to 0.72 - a consistent structural relationship.
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Return for Risk
DXSE.DE vs. WH2E.DE — Risk / Return Rank
DXSE.DE
WH2E.DE
DXSE.DE vs. WH2E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe Health Care ESG Screened UCITS ETF 1C (DXSE.DE) and Invesco S&P World Health Care ESG UCITS ETF Acc (WH2E.DE). 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.
| DXSE.DE | WH2E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.13 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 0.83 | -0.45 |
| Martin ratioReturn relative to average drawdown | 0.82 | 2.15 | -1.33 |
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
| DXSE.DE | WH2E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 0.68 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.20 | +0.24 |
Drawdowns
DXSE.DE vs. WH2E.DE - Drawdown Comparison
The maximum DXSE.DE drawdown since its inception was -34.30%, which is greater than WH2E.DE's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for DXSE.DE and WH2E.DE.
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Drawdown Indicators
| DXSE.DE | WH2E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.30% | -22.19% | -12.11% |
Max Drawdown (1Y)Largest decline over 1 year | -12.67% | -12.23% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -28.10% | -22.19% | -5.91% |
Max Drawdown (5Y)Largest decline over 5 years | -28.10% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.10% | — | — |
Current DrawdownCurrent decline from peak | -13.88% | -10.45% | -3.43% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -6.94% | -1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.81% | 4.73% | +1.08% |
Volatility
DXSE.DE vs. WH2E.DE - Volatility Comparison
Xtrackers MSCI Europe Health Care ESG Screened UCITS ETF 1C (DXSE.DE) has a higher volatility of 5.82% compared to Invesco S&P World Health Care ESG UCITS ETF Acc (WH2E.DE) at 5.21%. This indicates that DXSE.DE's price experiences larger fluctuations and is considered to be riskier than WH2E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXSE.DE | WH2E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.82% | 5.21% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 11.95% | 10.46% | +1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.63% | 14.86% | +2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.48% | 13.91% | +2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.04% | 13.91% | +2.13% |
DXSE.DE vs. WH2E.DE - Expense Ratio Comparison
DXSE.DE has a 0.17% expense ratio, which is lower than WH2E.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DXSE.DE vs. WH2E.DE - Dividend Comparison
Neither DXSE.DE nor WH2E.DE has paid dividends to shareholders.
Frequently Asked Questions
DXSE.DE and WH2E.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DXSE.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXSE.DE is cheaper with a 0.17% expense ratio, compared with 0.18% for WH2E.DE.
DXSE.DE tracks MSCI Europe Health Care ESG Screened 20-35, while WH2E.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Health Care. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.17% for DXSE.DE and 0.18% for WH2E.DE.
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