GNOM.L vs. XDWH.L
GNOM.L (Global X Genomics & Biotechnology UCITS ETF) and XDWH.L (Xtrackers MSCI World Health Care UCITS ETF 1C) are both Health & Biotech Equities funds - GNOM.L tracks the Global X Genomics & Biotechnology UCITS ETF while XDWH.L tracks the MSCI World/Health Care NR USD. Both are passively managed. Over the past 3 years, GNOM.L returned 4.58%/yr vs 6.92%/yr for XDWH.L. A 0.56 correlation means they provide meaningful diversification when combined. GNOM.L charges 0.50%/yr vs 0.25%/yr for XDWH.L.
Performance
GNOM.L vs. XDWH.L - Performance Comparison
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Returns By Period
In the year-to-date period, GNOM.L achieves a 22.10% return, which is significantly higher than XDWH.L's 1.26% return.
GNOM.L
- 1D
- -0.17%
- 1M
- 11.69%
- 6M
- 15.71%
- YTD
- 22.10%
- 1Y
- 62.79%
- 3Y*
- 4.58%
- 5Y*
- —
- 10Y*
- —
XDWH.L
- 1D
- 0.56%
- 1M
- 3.48%
- 6M
- -0.54%
- YTD
- 1.26%
- 1Y
- 17.39%
- 3Y*
- 6.92%
- 5Y*
- 4.42%
- 10Y*
- 8.10%
GNOM.L vs. XDWH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GNOM.L Global X Genomics & Biotechnology UCITS ETF | 22.10% | 19.30% | -17.99% | -5.77% | -37.21% | -8.59% |
XDWH.L Xtrackers MSCI World Health Care UCITS ETF 1C | 1.26% | 15.25% | 0.75% | 3.81% | -5.42% | 3.22% |
Correlation
The correlation between GNOM.L and XDWH.L is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2021 | 0.56 |
The correlation between GNOM.L and XDWH.L has been stable across timeframes, ranging from 0.55 to 0.56 - a consistent structural relationship.
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Return for Risk
GNOM.L vs. XDWH.L — Risk / Return Rank
GNOM.L
XDWH.L
GNOM.L vs. XDWH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Genomics & Biotechnology UCITS ETF (GNOM.L) and Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.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.
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.
| GNOM.L | XDWH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.21 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 1.67 | +1.68 |
| Martin ratioReturn relative to average drawdown | 9.16 | 4.06 | +5.11 |
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Drawdowns
GNOM.L vs. XDWH.L - Drawdown Comparison
The maximum GNOM.L drawdown since its inception was -69.32%, which is greater than XDWH.L's maximum drawdown of -26.24%. Use the drawdown chart below to compare losses from any high point for GNOM.L and XDWH.L.
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Drawdown Indicators
| GNOM.L | XDWH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.32% | -26.24% | -43.08% |
Max Drawdown (1Y)Largest decline over 1 year | -18.91% | -10.39% | -8.52% |
Max Drawdown (3Y)Largest decline over 3 years | -44.77% | -19.27% | -25.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.27% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.24% | — |
Current DrawdownCurrent decline from peak | -37.11% | -3.47% | -33.64% |
Average DrawdownAverage peak-to-trough decline | -47.16% | -4.79% | -42.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.92% | 4.28% | +2.64% |
Volatility
GNOM.L vs. XDWH.L - Volatility Comparison
Global X Genomics & Biotechnology UCITS ETF (GNOM.L) has a higher volatility of 8.41% compared to Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.L) at 5.80%. This indicates that GNOM.L's price experiences larger fluctuations and is considered to be riskier than XDWH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GNOM.L | XDWH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.41% | 5.80% | +2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 22.18% | 11.62% | +10.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.87% | 15.20% | +14.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.11% | 14.36% | +18.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.11% | 14.97% | +18.14% |
GNOM.L vs. XDWH.L - Expense Ratio Comparison
GNOM.L has a 0.50% expense ratio, which is higher than XDWH.L's 0.25% expense ratio.
Dividends
GNOM.L vs. XDWH.L - Dividend Comparison
Neither GNOM.L nor XDWH.L has paid dividends to shareholders.
Frequently Asked Questions
GNOM.L and XDWH.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDWH.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDWH.L is cheaper with a 0.25% expense ratio, compared with 0.50% for GNOM.L.
GNOM.L tracks Global X Genomics & Biotechnology UCITS ETF, while XDWH.L tracks MSCI World/Health Care NR USD. They also come from different issuers: Global X and Xtrackers. Their fees differ too: 0.50% for GNOM.L and 0.25% for XDWH.L.
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