ESIH.L vs. HLTH.L
Compare and contrast key facts about iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.L) and SPDR® MSCI Europe Health Care UCITS ETF (HLTH.L).
ESIH.L 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. ESIH.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Health Care NR USD. It was launched on Nov 17, 2020. 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 ESIH.L 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: ESIH.L or HLTH.L.
Key characteristics
| ESIH.L | HLTH.L | |
|---|---|---|
| YTD Return | 4.26% | 8.85% |
| 1Y Return | 7.90% | 12.65% |
| 3Y Return (Ann) | 3.72% | 4.59% |
| Sharpe Ratio | 0.69 | 1.11 |
| Sortino Ratio | 1.05 | 1.57 |
| Omega Ratio | 1.12 | 1.20 |
| Calmar Ratio | 0.64 | 1.13 |
| Martin Ratio | 2.22 | 3.86 |
| Ulcer Index | 3.79% | 3.53% |
| Daily Std Dev | 12.19% | 12.23% |
| Max Drawdown | -14.24% | -25.50% |
| Current Drawdown | -12.71% | -11.66% |
Correlation
The correlation between ESIH.L and HLTH.L is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ESIH.L vs. HLTH.L - Performance Comparison
In the year-to-date period, ESIH.L achieves a 4.26% return, which is significantly lower than HLTH.L's 8.85% 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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ESIH.L vs. HLTH.L - Expense Ratio Comparison
Both ESIH.L and HLTH.L 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%.
Risk-Adjusted Performance
ESIH.L vs. HLTH.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.L) 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
ESIH.L vs. HLTH.L - Dividend Comparison
Neither ESIH.L nor HLTH.L has paid dividends to shareholders.
Drawdowns
ESIH.L vs. HLTH.L - Drawdown Comparison
The maximum ESIH.L drawdown since its inception was -14.24%, smaller than the maximum HLTH.L drawdown of -25.50%. Use the drawdown chart below to compare losses from any high point for ESIH.L and HLTH.L. For additional features, visit the drawdowns tool.
Volatility
ESIH.L vs. HLTH.L - Volatility Comparison
iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.L) has a higher volatility of 4.08% compared to SPDR® MSCI Europe Health Care UCITS ETF (HLTH.L) at 3.70%. This indicates that ESIH.L'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.