GXLV.L vs. HEAE.L
GXLV.L (SPDR S&P US Health Care Select Sector UCITS ETF) and HEAE.L (SPDR MSCI Europe Health Care UCITS ETF) are both Health & Biotech Equities funds from State Street tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 3 years, GXLV.L returned 3.78%/yr vs 2.88%/yr for HEAE.L. At a 0.30 correlation, their price movements are largely independent. GXLV.L charges 0.15%/yr vs 0.18%/yr for HEAE.L.
Performance
GXLV.L vs. HEAE.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GXLV.L achieves a -1.77% return, which is significantly higher than HEAE.L's -2.42% return.
GXLV.L
- 1D
- 2.97%
- 1M
- 5.54%
- YTD
- -1.77%
- 6M
- -1.34%
- 1Y
- 16.55%
- 3Y*
- 3.78%
- 5Y*
- —
- 10Y*
- —
HEAE.L
- 1D
- 3.29%
- 1M
- 0.37%
- YTD
- -2.42%
- 6M
- -1.45%
- 1Y
- 8.85%
- 3Y*
- 2.88%
- 5Y*
- —
- 10Y*
- —
GXLV.L vs. HEAE.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% | 5.60% |
HEAE.L SPDR MSCI Europe Health Care UCITS ETF | -2.42% | 13.38% | -1.21% | 5.53% | -5.60% |
Correlation
The correlation between GXLV.L and HEAE.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 11, 2022 | 0.30 |
The correlation between GXLV.L and HEAE.L shifts across timeframes, from 0.30 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GXLV.L vs. HEAE.L — Risk / Return Rank
GXLV.L
HEAE.L
GXLV.L vs. HEAE.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 Europe Health Care UCITS ETF (HEAE.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 | HEAE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.11 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 0.66 | +1.50 |
| Martin ratioReturn relative to average drawdown | 4.76 | 1.57 | +3.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GXLV.L | HEAE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 0.54 | +0.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.14 | +0.17 |
Drawdowns
GXLV.L vs. HEAE.L - Drawdown Comparison
The maximum GXLV.L drawdown since its inception was -19.59%, smaller than the maximum HEAE.L drawdown of -24.51%. Use the drawdown chart below to compare losses from any high point for GXLV.L and HEAE.L.
Loading charts...
Drawdown Indicators
| GXLV.L | HEAE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.59% | -24.51% | +4.92% |
Max Drawdown (1Y)Largest decline over 1 year | -11.51% | -13.73% | +2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | -24.51% | +4.92% |
Current DrawdownCurrent decline from peak | -5.07% | -10.88% | +5.81% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -7.69% | +1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.07% | 5.78% | +3.29% |
Volatility
GXLV.L vs. HEAE.L - Volatility Comparison
SPDR S&P US Health Care Select Sector UCITS ETF (GXLV.L) and SPDR MSCI Europe Health Care UCITS ETF (HEAE.L) have volatilities of 5.53% and 5.60%, 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.
Loading charts...
Volatility by Period
| GXLV.L | HEAE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 5.60% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 12.37% | 12.12% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 16.79% | +1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.60% | 16.28% | +4.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.60% | 16.28% | +4.32% |
GXLV.L vs. HEAE.L - Expense Ratio Comparison
GXLV.L has a 0.15% expense ratio, which is lower than HEAE.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. HEAE.L - Dividend Comparison
Neither GXLV.L nor HEAE.L has paid dividends to shareholders.
Frequently Asked Questions
GXLV.L and HEAE.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 HEAE.L.
Both ETFs track MSCI World/Health Care NR USD. Their fees differ too: 0.15% for GXLV.L and 0.18% for HEAE.L.
Find the right allocation for GXLV.L and HEAE.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer