GXLV.L vs. HEAL.L
GXLV.L (SPDR S&P US Health Care Select Sector UCITS ETF) and HEAL.L (iShares Healthcare Innovation UCITS ETF USD (Acc)) 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 3.42%/yr for HEAL.L. At a 0.30 correlation, their price movements are largely independent. GXLV.L charges 0.15%/yr vs 0.40%/yr for HEAL.L.
Performance
GXLV.L vs. HEAL.L - Performance Comparison
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Different Trading Currencies
GXLV.L is traded in GBP, while HEAL.L is traded in USD. To make them comparable, the HEAL.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 HEAL.L's 1.05% return.
GXLV.L
- 1D
- 2.97%
- 1M
- 5.54%
- YTD
- -1.77%
- 6M
- -1.34%
- 1Y
- 16.55%
- 3Y*
- 3.78%
- 5Y*
- —
- 10Y*
- —
HEAL.L
- 1D
- 3.48%
- 1M
- 5.78%
- YTD
- 1.05%
- 6M
- -1.10%
- 1Y
- 21.49%
- 3Y*
- 3.42%
- 5Y*
- -0.90%
- 10Y*
- —
GXLV.L vs. HEAL.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% |
HEAL.L iShares Healthcare Innovation UCITS ETF USD (Acc) | 1.01% | 9.99% | 2.73% | -2.04% | -7.42% |
Correlation
The correlation between GXLV.L and HEAL.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2022 | 0.30 |
The correlation between GXLV.L and HEAL.L shifts across timeframes, from 0.30 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GXLV.L vs. HEAL.L — Risk / Return Rank
GXLV.L
HEAL.L
GXLV.L vs. HEAL.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 Healthcare Innovation UCITS ETF USD (Acc) (HEAL.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 | HEAL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 1.72 | +0.44 |
| Martin ratioReturn relative to average drawdown | 4.76 | 4.29 | +0.47 |
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 | HEAL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.27 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.33 | -0.02 |
Drawdowns
GXLV.L vs. HEAL.L - Drawdown Comparison
The maximum GXLV.L drawdown since its inception was -19.59%, smaller than the maximum HEAL.L drawdown of -38.78%. Use the drawdown chart below to compare losses from any high point for GXLV.L and HEAL.L.
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Drawdown Indicators
| GXLV.L | HEAL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.59% | -38.78% | +19.19% |
Max Drawdown (1Y)Largest decline over 1 year | -11.51% | -12.44% | +0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | -23.58% | +3.99% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.97% | — |
Current DrawdownCurrent decline from peak | -5.07% | -17.10% | +12.03% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -15.26% | +9.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.07% | 5.00% | +4.07% |
Volatility
GXLV.L vs. HEAL.L - Volatility Comparison
SPDR S&P US Health Care Select Sector UCITS ETF (GXLV.L) has a higher volatility of 5.53% compared to iShares Healthcare Innovation UCITS ETF USD (Acc) (HEAL.L) at 5.10%. This indicates that GXLV.L's price experiences larger fluctuations and is considered to be riskier than HEAL.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 | HEAL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 5.10% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 12.37% | 12.85% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 16.91% | +1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.60% | 18.71% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.60% | 19.45% | +1.15% |
GXLV.L vs. HEAL.L - Expense Ratio Comparison
GXLV.L has a 0.15% expense ratio, which is lower than HEAL.L's 0.40% expense ratio.
Dividends
GXLV.L vs. HEAL.L - Dividend Comparison
Neither GXLV.L nor HEAL.L has paid dividends to shareholders.
Frequently Asked Questions
GXLV.L and HEAL.L have a correlation of 0.42, 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 0.40% for HEAL.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 0.40% for HEAL.L.
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