ESIH.L vs. SPYL.DE
ESIH.L (iShares MSCI Europe Health Care Sector UCITS ETF) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - ESIH.L is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, ESIH.L returned 8.89% vs 29.00% for SPYL.DE. At a 0.25 correlation, their price movements are largely independent. ESIH.L charges 0.18%/yr vs 0.03%/yr for SPYL.DE.
Performance
ESIH.L vs. SPYL.DE - Performance Comparison
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Different Trading Currencies
ESIH.L is traded in GBP, while SPYL.DE is traded in EUR. To make them comparable, the SPYL.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 -2.72% return, which is significantly lower than SPYL.DE's 10.49% return.
ESIH.L
- 1D
- 3.06%
- 1M
- 1.79%
- YTD
- -2.72%
- 6M
- -1.50%
- 1Y
- 8.89%
- 3Y*
- 2.83%
- 5Y*
- 5.89%
- 10Y*
- —
SPYL.DE
- 1D
- -0.02%
- 1M
- 5.43%
- YTD
- 10.49%
- 6M
- 10.33%
- 1Y
- 29.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESIH.L vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ESIH.L iShares MSCI Europe Health Care Sector UCITS ETF | -2.72% | 12.76% | -0.46% | 4.00% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 10.48% | 10.16% | 26.56% | 9.17% |
Correlation
The correlation between ESIH.L and SPYL.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.25 |
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Return for Risk
ESIH.L vs. SPYL.DE — Risk / Return Rank
ESIH.L
SPYL.DE
ESIH.L vs. SPYL.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 State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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.L | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.08 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.47 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 4.08 | -3.44 |
| Martin ratioReturn relative to average drawdown | 1.54 | 14.67 | -13.13 |
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.L | SPYL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 2.61 | -2.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 1.61 | -1.21 |
Drawdowns
ESIH.L vs. SPYL.DE - Drawdown Comparison
The maximum ESIH.L drawdown since its inception was -24.44%, which is greater than SPYL.DE's maximum drawdown of -22.01%. Use the drawdown chart below to compare losses from any high point for ESIH.L and SPYL.DE.
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Drawdown Indicators
| ESIH.L | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.44% | -22.01% | -2.43% |
Max Drawdown (1Y)Largest decline over 1 year | -13.81% | -7.08% | -6.73% |
Max Drawdown (3Y)Largest decline over 3 years | -24.44% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.44% | — | — |
Current DrawdownCurrent decline from peak | -10.94% | -0.27% | -10.67% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -2.86% | -3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.77% | 1.97% | +3.80% |
Volatility
ESIH.L vs. SPYL.DE - Volatility Comparison
iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.L) has a higher volatility of 5.50% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 3.03%. This indicates that ESIH.L's price experiences larger fluctuations and is considered to be riskier than SPYL.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 | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.50% | 3.03% | +2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 12.21% | 7.42% | +4.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.83% | 11.07% | +5.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.50% | 13.83% | +1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.36% | 13.83% | +1.53% |
ESIH.L vs. SPYL.DE - Expense Ratio Comparison
ESIH.L has a 0.18% expense ratio, which is higher than SPYL.DE's 0.03% expense ratio. However, 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.L vs. SPYL.DE - Dividend Comparison
Neither ESIH.L nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
ESIH.L and SPYL.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.18% for ESIH.L.
ESIH.L is categorized as Health & Biotech Equities, while SPYL.DE is S&P 500. ESIH.L tracks MSCI World/Health Care NR USD, while SPYL.DE tracks S&P 500 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.18% for ESIH.L and 0.03% for SPYL.DE.
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