GXLV.L vs. ACWD.L
GXLV.L (SPDR S&P US Health Care Select Sector UCITS ETF) and ACWD.L (SPDR MSCI All Country World UCITS ETF) are both exchange-traded funds - GXLV.L is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD, while ACWD.L is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 3 years, GXLV.L returned 3.78%/yr vs 18.19%/yr for ACWD.L. At a 0.16 correlation, their price movements are largely independent. GXLV.L charges 0.15%/yr vs 0.12%/yr for ACWD.L.
Performance
GXLV.L vs. ACWD.L - Performance Comparison
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Different Trading Currencies
GXLV.L is traded in GBP, while ACWD.L is traded in USD. To make them comparable, the ACWD.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, GXLV.L achieves a -1.77% return, which is significantly lower than ACWD.L's 11.99% return.
GXLV.L
- 1D
- 2.97%
- 1M
- 5.54%
- YTD
- -1.77%
- 6M
- -1.34%
- 1Y
- 16.55%
- 3Y*
- 3.78%
- 5Y*
- —
- 10Y*
- —
ACWD.L
- 1D
- -0.03%
- 1M
- 5.27%
- YTD
- 11.99%
- 6M
- 12.23%
- 1Y
- 30.23%
- 3Y*
- 18.19%
- 5Y*
- 12.52%
- 10Y*
- 13.49%
GXLV.L vs. ACWD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GXLV.L SPDR S&P US Health Care Select Sector UCITS ETF | -1.77% | 6.82% | 3.59% | -3.78% | 7.82% |
ACWD.L SPDR MSCI All Country World UCITS ETF | 11.96% | 14.08% | 19.81% | 16.16% | -7.08% |
Correlation
The correlation between GXLV.L and ACWD.L is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2022 | 0.16 |
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Return for Risk
GXLV.L vs. ACWD.L — Risk / Return Rank
GXLV.L
ACWD.L
GXLV.L vs. ACWD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P US Health Care Select Sector UCITS ETF (GXLV.L) and SPDR MSCI All Country World UCITS ETF (ACWD.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.
| GXLV.L | ACWD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.47 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 4.38 | -2.23 |
| Martin ratioReturn relative to average drawdown | 4.76 | 16.69 | -11.93 |
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
| GXLV.L | ACWD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 2.50 | -1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.84 | -0.52 |
Drawdowns
GXLV.L vs. ACWD.L - Drawdown Comparison
The maximum GXLV.L drawdown since its inception was -19.59%, smaller than the maximum ACWD.L drawdown of -25.57%. Use the drawdown chart below to compare losses from any high point for GXLV.L and ACWD.L.
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Drawdown Indicators
| GXLV.L | ACWD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.59% | -25.57% | +5.98% |
Max Drawdown (1Y)Largest decline over 1 year | -11.51% | -6.87% | -4.64% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | -18.26% | -1.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.26% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.57% | — |
Current DrawdownCurrent decline from peak | -5.07% | -0.33% | -4.74% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -3.56% | -2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.07% | 1.81% | +7.26% |
Volatility
GXLV.L vs. ACWD.L - Volatility Comparison
SPDR S&P US Health Care Select Sector UCITS ETF (GXLV.L) has a higher volatility of 5.53% compared to SPDR MSCI All Country World UCITS ETF (ACWD.L) at 3.71%. This indicates that GXLV.L's price experiences larger fluctuations and is considered to be riskier than ACWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GXLV.L | ACWD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 3.71% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 12.37% | 9.35% | +3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 12.02% | +6.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.60% | 14.27% | +6.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.60% | 15.40% | +5.20% |
GXLV.L vs. ACWD.L - Expense Ratio Comparison
GXLV.L has a 0.15% expense ratio, which is higher than ACWD.L's 0.12% 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
GXLV.L vs. ACWD.L - Dividend Comparison
Neither GXLV.L nor ACWD.L has paid dividends to shareholders.
Frequently Asked Questions
GXLV.L and ACWD.L have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ACWD.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ACWD.L is cheaper with a 0.12% expense ratio, compared with 0.15% for GXLV.L.
GXLV.L is categorized as Health & Biotech Equities, while ACWD.L is Global Equities. GXLV.L tracks MSCI World/Health Care NR USD, while ACWD.L tracks MSCI ACWI Index. Their fees differ too: 0.15% for GXLV.L and 0.12% for ACWD.L.
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