ESIH.L vs. H2O.DE
ESIH.L (iShares MSCI Europe Health Care Sector UCITS ETF) is Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD, while H2O.DE (Enapter AG) is a stock. Over the past 5 years, ESIH.L returned 5.35%/yr vs -44.63%/yr for H2O.DE. At a 0.02 correlation, their price movements are largely independent.
Performance
ESIH.L vs. H2O.DE - Performance Comparison
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Different Trading Currencies
ESIH.L is traded in GBP, while H2O.DE is traded in EUR. To make them comparable, the H2O.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESIH.L achieves a -0.97% return, which is significantly higher than H2O.DE's -18.85% return.
ESIH.L
- 1D
- 0.82%
- 1M
- 1.49%
- YTD
- -0.97%
- 6M
- 0.00%
- 1Y
- 8.13%
- 3Y*
- 4.07%
- 5Y*
- 5.35%
- 10Y*
- —
H2O.DE
- 1D
- -0.02%
- 1M
- 4.21%
- YTD
- -18.85%
- 6M
- -29.87%
- 1Y
- -50.92%
- 3Y*
- -51.87%
- 5Y*
- -44.63%
- 10Y*
- —
ESIH.L vs. H2O.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESIH.L iShares MSCI Europe Health Care Sector UCITS ETF | -0.97% | 12.77% | -0.54% | 5.46% | 1.56% | 17.09% | -10.87% |
H2O.DE Enapter AG | -18.85% | -57.56% | -58.36% | -33.14% | -37.38% | -18.34% | -35.52% |
Correlation
The correlation between ESIH.L and H2O.DE is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2020 | 0.02 |
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Return for Risk
ESIH.L vs. H2O.DE — Risk / Return Rank
ESIH.L
H2O.DE
ESIH.L vs. H2O.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.L) and Enapter AG (H2O.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ESIH.L | H2O.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.91 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | -0.77 | +1.28 |
| Martin ratioReturn relative to average drawdown | 1.20 | -1.17 | +2.37 |
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Drawdowns
ESIH.L vs. H2O.DE - Drawdown Comparison
The maximum ESIH.L drawdown since its inception was -24.47%, smaller than the maximum H2O.DE drawdown of -97.81%. Use the drawdown chart below to compare losses from any high point for ESIH.L and H2O.DE.
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Drawdown Indicators
| ESIH.L | H2O.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.47% | -97.81% | +73.34% |
Max Drawdown (1Y)Largest decline over 1 year | -13.78% | -63.62% | +49.84% |
Max Drawdown (3Y)Largest decline over 3 years | -24.47% | -91.59% | +67.12% |
Max Drawdown (5Y)Largest decline over 5 years | -24.47% | -96.23% | +71.76% |
Current DrawdownCurrent decline from peak | -9.33% | -97.28% | +87.95% |
Average DrawdownAverage peak-to-trough decline | -7.90% | -66.84% | +58.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 41.98% | -36.23% |
Volatility
ESIH.L vs. H2O.DE - Volatility Comparison
The current volatility for iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.L) is 5.29%, while Enapter AG (H2O.DE) has a volatility of 16.54%. This indicates that ESIH.L experiences smaller price fluctuations and is considered to be less risky than H2O.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.L | H2O.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 16.54% | -11.25% |
Volatility (6M)Calculated over the trailing 6-month period | 12.33% | 42.27% | -29.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.83% | 77.06% | -60.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.54% | 60.70% | -43.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 7,401.01% | -7,383.10% |
Dividends
ESIH.L vs. H2O.DE - Dividend Comparison
Neither ESIH.L nor H2O.DE has paid dividends to shareholders.
Frequently Asked Questions
ESIH.L and H2O.DE have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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