ESIH.DE vs. SC0T.DE
ESIH.DE (iShares MSCI Europe Health Care Sector UCITS ETF EUR (Acc)) and SC0T.DE (Invesco European Health Care Sector UCITS ETF) are both Health & Biotech Equities funds - ESIH.DE tracks the MSCI World/Health Care NR USD while SC0T.DE tracks the STOXX® Europe 600 Optimised Health Care. Both are passively managed. Over the past 5 years, ESIH.DE returned 5.74%/yr vs 4.81%/yr for SC0T.DE. Their correlation of 0.95 suggests significant overlap in exposure. ESIH.DE charges 0.18%/yr vs 0.20%/yr for SC0T.DE.
Performance
ESIH.DE vs. SC0T.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESIH.DE achieves a -2.35% return, which is significantly higher than SC0T.DE's -3.57% return.
ESIH.DE
- 1D
- 3.10%
- 1M
- 1.39%
- YTD
- -2.35%
- 6M
- -0.84%
- 1Y
- 6.04%
- 3Y*
- 2.72%
- 5Y*
- 5.74%
- 10Y*
- —
SC0T.DE
- 1D
- 2.93%
- 1M
- 1.37%
- YTD
- -3.57%
- 6M
- -2.27%
- 1Y
- 3.14%
- 3Y*
- 2.80%
- 5Y*
- 4.81%
- 10Y*
- 5.80%
ESIH.DE vs. SC0T.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESIH.DE iShares MSCI Europe Health Care Sector UCITS ETF EUR (Acc) | -2.35% | 7.95% | 4.09% | 7.63% | -4.59% | 25.93% | -0.69% |
SC0T.DE Invesco European Health Care Sector UCITS ETF | -3.57% | 8.45% | 6.96% | 5.35% | -7.56% | 25.20% | -0.55% |
Correlation
The correlation between ESIH.DE and SC0T.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2020 | 0.95 |
The correlation between ESIH.DE and SC0T.DE has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
ESIH.DE vs. SC0T.DE — Risk / Return Rank
ESIH.DE
SC0T.DE
ESIH.DE vs. SC0T.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Health Care Sector UCITS ETF EUR (Acc) (ESIH.DE) and Invesco European Health Care Sector UCITS ETF (SC0T.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.
| ESIH.DE | SC0T.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.05 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 0.24 | +0.23 |
| Martin ratioReturn relative to average drawdown | 1.05 | 0.56 | +0.49 |
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
| ESIH.DE | SC0T.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 0.20 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.32 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.63 | -0.22 |
Drawdowns
ESIH.DE vs. SC0T.DE - Drawdown Comparison
The maximum ESIH.DE drawdown since its inception was -26.69%, roughly equal to the maximum SC0T.DE drawdown of -26.52%. Use the drawdown chart below to compare losses from any high point for ESIH.DE and SC0T.DE.
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Drawdown Indicators
| ESIH.DE | SC0T.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.69% | -26.52% | -0.17% |
Max Drawdown (1Y)Largest decline over 1 year | -12.82% | -12.87% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -26.69% | -21.67% | -5.02% |
Max Drawdown (5Y)Largest decline over 5 years | -26.69% | -21.67% | -5.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.52% | — |
Current DrawdownCurrent decline from peak | -10.96% | -9.59% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -6.03% | -1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 5.58% | +0.17% |
Volatility
ESIH.DE vs. SC0T.DE - Volatility Comparison
iShares MSCI Europe Health Care Sector UCITS ETF EUR (Acc) (ESIH.DE) has a higher volatility of 5.87% compared to Invesco European Health Care Sector UCITS ETF (SC0T.DE) at 5.31%. This indicates that ESIH.DE's price experiences larger fluctuations and is considered to be riskier than SC0T.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESIH.DE | SC0T.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 5.31% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 11.96% | 11.43% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.18% | 15.98% | +1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.86% | 14.84% | +1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.61% | 15.39% | +0.22% |
ESIH.DE vs. SC0T.DE - Expense Ratio Comparison
ESIH.DE has a 0.18% expense ratio, which is lower than SC0T.DE's 0.20% 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
ESIH.DE vs. SC0T.DE - Dividend Comparison
Neither ESIH.DE nor SC0T.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, ESIH.DE and SC0T.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, ESIH.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIH.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for SC0T.DE.
ESIH.DE tracks MSCI World/Health Care NR USD, while SC0T.DE tracks STOXX® Europe 600 Optimised Health Care. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.18% for ESIH.DE and 0.20% for SC0T.DE.
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