GXLV.L vs. ESIH.L
GXLV.L (SPDR S&P US Health Care Select Sector UCITS ETF) and ESIH.L (iShares MSCI Europe Health Care Sector UCITS ETF) are both Health & Biotech Equities funds tracking the MSCI World/Health Care NR USD, from State Street and iShares respectively. Both are passively managed. Over the past 3 years, GXLV.L returned 3.78%/yr vs 2.83%/yr for ESIH.L. At a 0.31 correlation, their price movements are largely independent. GXLV.L charges 0.15%/yr vs 0.18%/yr for ESIH.L.
Performance
GXLV.L vs. ESIH.L - Performance Comparison
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Returns By Period
In the year-to-date period, GXLV.L achieves a -1.77% return, which is significantly higher than ESIH.L's -2.72% return.
GXLV.L
- 1D
- 2.97%
- 1M
- 5.54%
- YTD
- -1.77%
- 6M
- -1.34%
- 1Y
- 16.55%
- 3Y*
- 3.78%
- 5Y*
- —
- 10Y*
- —
ESIH.L
- 1D
- 3.06%
- 1M
- 0.43%
- YTD
- -2.72%
- 6M
- -1.64%
- 1Y
- 8.67%
- 3Y*
- 2.83%
- 5Y*
- 5.89%
- 10Y*
- —
GXLV.L vs. ESIH.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% |
ESIH.L iShares MSCI Europe Health Care Sector UCITS ETF | -2.72% | 12.76% | -0.46% | 5.44% | -2.10% |
Correlation
The correlation between GXLV.L and ESIH.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2022 | 0.31 |
The correlation between GXLV.L and ESIH.L shifts across timeframes, from 0.30 (3 years) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GXLV.L vs. ESIH.L — Risk / Return Rank
GXLV.L
ESIH.L
GXLV.L vs. ESIH.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 iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.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 | ESIH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.10 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 0.64 | +1.51 |
| Martin ratioReturn relative to average drawdown | 4.76 | 1.54 | +3.22 |
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 | ESIH.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 0.53 | +0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.39 | -0.08 |
Drawdowns
GXLV.L vs. ESIH.L - Drawdown Comparison
The maximum GXLV.L drawdown since its inception was -19.59%, smaller than the maximum ESIH.L drawdown of -24.44%. Use the drawdown chart below to compare losses from any high point for GXLV.L and ESIH.L.
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Drawdown Indicators
| GXLV.L | ESIH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.59% | -24.44% | +4.85% |
Max Drawdown (1Y)Largest decline over 1 year | -11.51% | -13.81% | +2.30% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | -24.44% | +4.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.44% | — |
Current DrawdownCurrent decline from peak | -5.07% | -10.94% | +5.87% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -6.76% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.07% | 5.77% | +3.30% |
Volatility
GXLV.L vs. ESIH.L - Volatility Comparison
SPDR S&P US Health Care Select Sector UCITS ETF (GXLV.L) and iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.L) have volatilities of 5.53% and 5.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GXLV.L | ESIH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 5.50% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 12.37% | 12.21% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 16.83% | +1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.60% | 15.50% | +5.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.60% | 15.36% | +5.24% |
GXLV.L vs. ESIH.L - Expense Ratio Comparison
GXLV.L has a 0.15% expense ratio, which is lower than ESIH.L's 0.18% expense ratio. Despite the difference, 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. ESIH.L - Dividend Comparison
Neither GXLV.L nor ESIH.L has paid dividends to shareholders.
Frequently Asked Questions
GXLV.L and ESIH.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GXLV.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXLV.L is cheaper with a 0.15% expense ratio, compared with 0.18% for ESIH.L.
Both ETFs track MSCI World/Health Care NR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for GXLV.L and 0.18% for ESIH.L.
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