ESIH.L vs. VOLT

Last updated Jun 14, 2026

ESIH.L (iShares MSCI Europe Health Care Sector UCITS ETF) and VOLT (Tema Electrification ETF) are both exchange-traded funds - ESIH.L is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD, while VOLT is a Energy Equities fund actively managed by Tema. ESIH.L is passively managed, while VOLT is actively managed. Over the past year, ESIH.L returned 8.13% vs 64.41% for VOLT. At a 0.14 correlation, their price movements are largely independent. ESIH.L charges 0.18%/yr vs 0.75%/yr for VOLT.

Performance

ESIH.L vs. VOLT - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.L) and Tema Electrification ETF (VOLT). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ESIH.L is traded in GBP, while VOLT is traded in USD. To make them comparable, the VOLT 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 lower than VOLT's 37.01% 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*: —

VOLT

• 1D: 1.37%
• 1M: -1.31%
• YTD: 37.01%
• 6M: 34.70%
• 1Y: 64.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ESIH.L vs. VOLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ESIH.L iShares MSCI Europe Health Care Sector UCITS ETF	-0.97%	12.77%	-5.19%
VOLT Tema Electrification ETF	37.01%	16.95%	-7.62%

Correlation

The correlation between ESIH.L and VOLT is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.14

ESIH.L vs. VOLT - Sectors Allocation Comparison

Sectors	ESIH.L	VOLT
Healthcare	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	3.4%
Consumer Defensive	-	-
Energy	-	5.1%
Financial Services	-	0.5%
Industrials	-	46.7%
Real Estate	-	-
Technology	-	12.2%
Utilities	-	31.8%

Return for Risk

ESIH.L vs. VOLT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ESIH.L

ESIH.L Risk / Return Rank: 16
ESIH.L Sharpe Ratio Rank: 16
ESIH.L Sortino Ratio Rank: 16
ESIH.L Omega Ratio Rank: 16
ESIH.L Calmar Ratio Rank: 16
ESIH.L Martin Ratio Rank: 16

VOLT

VOLT Risk / Return Rank: 91
VOLT Sharpe Ratio Rank: 92
VOLT Sortino Ratio Rank: 89
VOLT Omega Ratio Rank: 88
VOLT Calmar Ratio Rank: 94
VOLT Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ESIH.L vs. VOLT - 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 Tema Electrification ETF (VOLT). 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	VOLT	Difference
Sharpe ratio: Return per unit of total volatility	0.41	3.15	-2.73
Sortino ratio: Return per unit of downside risk	0.72	3.87	-3.15
Omega ratio: Gain probability vs. loss probability	1.08	1.53	-0.44
Calmar ratio: Return relative to maximum drawdown	0.51	6.25	-5.74
Martin ratio: Return relative to average drawdown	1.20	18.57	-17.38

ESIH.L vs. VOLT - Sharpe Ratio Comparison

The current ESIH.L Sharpe Ratio is 0.41, which is lower than the VOLT Sharpe Ratio of 3.15. The chart below compares the historical Sharpe Ratios of ESIH.L and VOLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ESIH.L vs. VOLT - Drawdown Comparison

The maximum ESIH.L drawdown since its inception was -24.47%, smaller than the maximum VOLT drawdown of -26.41%. Use the drawdown chart below to compare losses from any high point for ESIH.L and VOLT.

Drawdown Indicators

	ESIH.L	VOLT	Difference
Max Drawdown Largest peak-to-trough decline	-24.47%	-26.41%	+1.94%
Max Drawdown (1Y) Largest decline over 1 year	-13.78%	-10.16%	-3.62%
Max Drawdown (3Y) Largest decline over 3 years	-24.47%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.47%	—	—
Current Drawdown Current decline from peak	-9.33%	-3.52%	-5.81%
Average Drawdown Average peak-to-trough decline	-7.90%	-6.86%	-1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.75%	3.41%	+2.34%

Volatility

ESIH.L vs. VOLT - Volatility Comparison

The current volatility for iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.L) is 5.29%, while Tema Electrification ETF (VOLT) has a volatility of 9.10%. This indicates that ESIH.L experiences smaller price fluctuations and is considered to be less risky than VOLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESIH.L	VOLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.29%	9.10%	-3.81%
Volatility (6M) Calculated over the trailing 6-month period	12.33%	16.98%	-4.65%
Volatility (1Y) Calculated over the trailing 1-year period	16.83%	20.19%	-3.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.54%	23.75%	-6.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.91%	23.75%	-5.84%

ESIH.L vs. VOLT - Expense Ratio Comparison

ESIH.L has a 0.18% expense ratio, which is lower than VOLT's 0.75% expense ratio.

Dividends

ESIH.L vs. VOLT - Dividend Comparison

ESIH.L has not paid dividends to shareholders, while VOLT's dividend yield for the trailing twelve months is around 0.33%.

Position	TTM	2025	2024
ESIH.L iShares MSCI Europe Health Care Sector UCITS ETF	0.00%	0.00%	0.00%
VOLT Tema Electrification ETF	0.33%	0.46%	0.01%

Frequently Asked Questions

Can I hold both ESIH.L and VOLT in my portfolio?

ESIH.L and VOLT have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESIH.L or VOLT?

On fees, ESIH.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESIH.L or VOLT?

ESIH.L is cheaper with a 0.18% expense ratio, compared with 0.75% for VOLT.

What is the main difference between ESIH.L and VOLT?

ESIH.L is categorized as Health & Biotech Equities, while VOLT is Energy Equities. They also come from different issuers: iShares and Tema. Their fees differ too: 0.18% for ESIH.L and 0.75% for VOLT.