ESIH.DE vs. SPYH.DE
ESIH.DE (iShares MSCI Europe Health Care Sector UCITS ETF EUR (Acc)) and SPYH.DE (SPDR MSCI Europe Health Care UCITS ETF) are both Health & Biotech Equities funds - ESIH.DE tracks the MSCI World/Health Care NR USD while SPYH.DE tracks the MSCI Europe Health Care 20/35 Capped. Both are passively managed. Over the past 5 years, ESIH.DE returned 5.74%/yr vs 5.81%/yr for SPYH.DE. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.18% expense ratio.
Performance
ESIH.DE vs. SPYH.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 lower than SPYH.DE's -1.97% return.
ESIH.DE
- 1D
- 3.10%
- 1M
- 0.16%
- YTD
- -2.35%
- 6M
- -1.01%
- 1Y
- 6.11%
- 3Y*
- 2.72%
- 5Y*
- 5.74%
- 10Y*
- —
SPYH.DE
- 1D
- 3.34%
- 1M
- 0.41%
- YTD
- -1.97%
- 6M
- -0.47%
- 1Y
- 6.02%
- 3Y*
- 2.85%
- 5Y*
- 5.81%
- 10Y*
- 6.16%
ESIH.DE vs. SPYH.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% |
SPYH.DE SPDR MSCI Europe Health Care UCITS ETF | -1.97% | 7.82% | 3.98% | 7.88% | -4.55% | 25.71% | -0.88% |
Correlation
The correlation between ESIH.DE and SPYH.DE is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2020 | 0.97 |
The correlation between ESIH.DE and SPYH.DE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
ESIH.DE vs. SPYH.DE — Risk / Return Rank
ESIH.DE
SPYH.DE
ESIH.DE vs. SPYH.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 SPDR MSCI Europe Health Care UCITS ETF (SPYH.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 | SPYH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.08 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 0.50 | -0.03 |
| Martin ratioReturn relative to average drawdown | 1.05 | 1.10 | -0.05 |
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 | SPYH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 0.37 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.36 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.43 | -0.02 |
Drawdowns
ESIH.DE vs. SPYH.DE - Drawdown Comparison
The maximum ESIH.DE drawdown since its inception was -26.69%, roughly equal to the maximum SPYH.DE drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for ESIH.DE and SPYH.DE.
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Drawdown Indicators
| ESIH.DE | SPYH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.69% | -26.62% | -0.07% |
Max Drawdown (1Y)Largest decline over 1 year | -12.82% | -12.58% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -26.69% | -26.62% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -26.69% | -26.62% | -0.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.62% | — |
Current DrawdownCurrent decline from peak | -10.96% | -10.72% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -8.61% | +1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 5.73% | +0.02% |
Volatility
ESIH.DE vs. SPYH.DE - Volatility Comparison
iShares MSCI Europe Health Care Sector UCITS ETF EUR (Acc) (ESIH.DE) and SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) have volatilities of 5.87% and 6.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESIH.DE | SPYH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 6.01% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 11.96% | 12.04% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.18% | 17.05% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.86% | 15.76% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.61% | 15.82% | -0.21% |
ESIH.DE vs. SPYH.DE - Expense Ratio Comparison
Both ESIH.DE and SPYH.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ESIH.DE vs. SPYH.DE - Dividend Comparison
Neither ESIH.DE nor SPYH.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, ESIH.DE and SPYH.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.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ESIH.DE and SPYH.DE have the same expense ratio: 0.18% per year.
ESIH.DE tracks MSCI World/Health Care NR USD, while SPYH.DE tracks MSCI Europe Health Care 20/35 Capped. They also come from different issuers: iShares and State Street.
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