EXCS.L vs. ESIH.DE
EXCS.L (iShares MSCI EM ex-China UCITS ETF USD (Acc)) and ESIH.DE (iShares MSCI Europe Health Care Sector UCITS ETF EUR (Acc)) are both exchange-traded funds - EXCS.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while ESIH.DE is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 3 years, EXCS.L returned 24.20%/yr vs 4.09%/yr for ESIH.DE. At a 0.25 correlation, their price movements are largely independent. Both charge a 0.18% expense ratio.
Performance
EXCS.L vs. ESIH.DE - Performance Comparison
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Different Trading Currencies
EXCS.L is traded in GBP, while ESIH.DE is traded in EUR. To make them comparable, the ESIH.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, EXCS.L achieves a 37.28% return, which is significantly higher than ESIH.DE's -1.63% return.
EXCS.L
- 1D
- 3.36%
- 1M
- 3.36%
- YTD
- 37.28%
- 6M
- 41.12%
- 1Y
- 68.33%
- 3Y*
- 24.20%
- 5Y*
- —
- 10Y*
- —
ESIH.DE
- 1D
- 0.55%
- 1M
- 1.24%
- YTD
- -1.63%
- 6M
- -0.03%
- 1Y
- 7.78%
- 3Y*
- 4.09%
- 5Y*
- 5.30%
- 10Y*
- —
EXCS.L vs. ESIH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EXCS.L iShares MSCI EM ex-China UCITS ETF USD (Acc) | 37.28% | 26.23% | 5.43% | 11.04% | -8.40% | -25.31% |
ESIH.DE iShares MSCI Europe Health Care Sector UCITS ETF EUR (Acc) | -1.63% | 13.49% | -0.44% | 5.49% | 0.69% | 2.44% |
Correlation
The correlation between EXCS.L and ESIH.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2021 | 0.25 |
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Return for Risk
EXCS.L vs. ESIH.DE — Risk / Return Rank
EXCS.L
ESIH.DE
EXCS.L vs. ESIH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM ex-China UCITS ETF USD (Acc) (EXCS.L) and iShares MSCI Europe Health Care Sector UCITS ETF EUR (Acc) (ESIH.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.
| EXCS.L | ESIH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.94 | ||
| Sortino ratioReturn per unit of downside risk | +3.42 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.08 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 5.65 | 0.51 | +5.14 |
| Martin ratioReturn relative to average drawdown | 19.69 | 1.21 | +18.48 |
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Drawdowns
EXCS.L vs. ESIH.DE - Drawdown Comparison
The maximum EXCS.L drawdown since its inception was -35.01%, which is greater than ESIH.DE's maximum drawdown of -25.76%. Use the drawdown chart below to compare losses from any high point for EXCS.L and ESIH.DE.
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Drawdown Indicators
| EXCS.L | ESIH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.01% | -25.76% | -9.25% |
Max Drawdown (1Y)Largest decline over 1 year | -11.76% | -13.73% | +1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -21.79% | -25.76% | +3.97% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.76% | — |
Current DrawdownCurrent decline from peak | -3.42% | -9.54% | +6.12% |
Average DrawdownAverage peak-to-trough decline | -20.96% | -6.72% | -14.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 5.75% | -2.37% |
Volatility
EXCS.L vs. ESIH.DE - Volatility Comparison
iShares MSCI EM ex-China UCITS ETF USD (Acc) (EXCS.L) has a higher volatility of 9.15% compared to iShares MSCI Europe Health Care Sector UCITS ETF EUR (Acc) (ESIH.DE) at 5.87%. This indicates that EXCS.L's price experiences larger fluctuations and is considered to be riskier than ESIH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXCS.L | ESIH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.15% | 5.87% | +3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 17.56% | 12.51% | +5.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.85% | 17.05% | +2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.22% | 15.94% | +8.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.22% | 15.76% | +8.46% |
EXCS.L vs. ESIH.DE - Expense Ratio Comparison
Both EXCS.L and ESIH.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
EXCS.L vs. ESIH.DE - Dividend Comparison
Neither EXCS.L nor ESIH.DE has paid dividends to shareholders.
Frequently Asked Questions
EXCS.L and ESIH.DE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EXCS.L and ESIH.DE have the same expense ratio: 0.18% per year.
EXCS.L is categorized as Emerging Markets Equities, while ESIH.DE is Health & Biotech Equities. EXCS.L tracks MSCI EM NR USD, while ESIH.DE tracks MSCI World/Health Care NR USD.
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