EQAC.MI vs. HLTH.L
Compare and contrast key facts about Invesco EQQQ NASDAQ-100 UCITS ETF Acc (EQAC.MI) and SPDR® MSCI Europe Health Care UCITS ETF (HLTH.L).
EQAC.MI and HLTH.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EQAC.MI is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Sep 24, 2018. HLTH.L is a passively managed fund by State Street that tracks the performance of the MSCI World/Health Care NR USD. It was launched on Dec 5, 2014. Both EQAC.MI and HLTH.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: EQAC.MI or HLTH.L.
Key characteristics
| EQAC.MI | HLTH.L | |
|---|---|---|
| YTD Return | 28.92% | 8.35% |
| 1Y Return | 37.27% | 11.24% |
| 3Y Return (Ann) | 11.66% | 4.37% |
| 5Y Return (Ann) | 21.40% | 7.66% |
| Sharpe Ratio | 2.18 | 0.96 |
| Sortino Ratio | 2.89 | 1.37 |
| Omega Ratio | 1.41 | 1.17 |
| Calmar Ratio | 2.69 | 0.96 |
| Martin Ratio | 8.94 | 3.60 |
| Ulcer Index | 4.02% | 3.23% |
| Daily Std Dev | 16.43% | 12.12% |
| Max Drawdown | -38.46% | -25.50% |
| Current Drawdown | 0.00% | -12.06% |
Correlation
The correlation between EQAC.MI and HLTH.L is 0.44, 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
EQAC.MI vs. HLTH.L - Performance Comparison
In the year-to-date period, EQAC.MI achieves a 28.92% return, which is significantly higher than HLTH.L's 8.35% 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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EQAC.MI vs. HLTH.L - Expense Ratio Comparison
EQAC.MI has a 0.30% expense ratio, which is higher than HLTH.L's 0.18% expense ratio.
Risk-Adjusted Performance
EQAC.MI vs. HLTH.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EQQQ NASDAQ-100 UCITS ETF Acc (EQAC.MI) and SPDR® MSCI Europe Health Care UCITS ETF (HLTH.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
EQAC.MI vs. HLTH.L - Dividend Comparison
Neither EQAC.MI nor HLTH.L has paid dividends to shareholders.
Drawdowns
EQAC.MI vs. HLTH.L - Drawdown Comparison
The maximum EQAC.MI drawdown since its inception was -38.46%, which is greater than HLTH.L's maximum drawdown of -25.50%. Use the drawdown chart below to compare losses from any high point for EQAC.MI and HLTH.L. For additional features, visit the drawdowns tool.
Volatility
EQAC.MI vs. HLTH.L - Volatility Comparison
Invesco EQQQ NASDAQ-100 UCITS ETF Acc (EQAC.MI) has a higher volatility of 4.60% compared to SPDR® MSCI Europe Health Care UCITS ETF (HLTH.L) at 3.35%. This indicates that EQAC.MI's price experiences larger fluctuations and is considered to be riskier than HLTH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.