HEAE.L vs. IUHC.L
Compare and contrast key facts about SPDR MSCI Europe Health Care UCITS ETF (HEAE.L) and iShares S&P 500 USD Health Care Sector UCITS (IUHC.L).
HEAE.L and IUHC.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEAE.L is a passively managed fund by State Street that tracks the performance of the MSCI World/Health Care NR USD. It was launched on Dec 5, 2014. IUHC.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Health Care NR USD. It was launched on Nov 20, 2015. Both HEAE.L and IUHC.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HEAE.L or IUHC.L.
Key characteristics
| HEAE.L | IUHC.L | |
|---|---|---|
| YTD Return | 3.94% | 9.40% |
| 1Y Return | 7.36% | 18.52% |
| Sharpe Ratio | 0.34 | 1.64 |
| Sortino Ratio | 0.69 | 2.32 |
| Omega Ratio | 1.12 | 1.28 |
| Calmar Ratio | 0.56 | 1.87 |
| Martin Ratio | 1.17 | 6.68 |
| Ulcer Index | 6.42% | 2.47% |
| Daily Std Dev | 21.83% | 10.20% |
| Max Drawdown | -14.00% | -27.44% |
| Current Drawdown | -12.92% | -5.86% |
Correlation
The correlation between HEAE.L and IUHC.L is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HEAE.L vs. IUHC.L - Performance Comparison
In the year-to-date period, HEAE.L achieves a 3.94% return, which is significantly lower than IUHC.L's 9.40% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HEAE.L vs. IUHC.L - Expense Ratio Comparison
HEAE.L has a 0.18% expense ratio, which is higher than IUHC.L's 0.15% 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%.
Risk-Adjusted Performance
HEAE.L vs. IUHC.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Health Care UCITS ETF (HEAE.L) and iShares S&P 500 USD Health Care Sector UCITS (IUHC.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.
Dividends
HEAE.L vs. IUHC.L - Dividend Comparison
Neither HEAE.L nor IUHC.L has paid dividends to shareholders.
Drawdowns
HEAE.L vs. IUHC.L - Drawdown Comparison
The maximum HEAE.L drawdown since its inception was -14.00%, smaller than the maximum IUHC.L drawdown of -27.44%. Use the drawdown chart below to compare losses from any high point for HEAE.L and IUHC.L. For additional features, visit the drawdowns tool.
Volatility
HEAE.L vs. IUHC.L - Volatility Comparison
SPDR MSCI Europe Health Care UCITS ETF (HEAE.L) has a higher volatility of 3.99% compared to iShares S&P 500 USD Health Care Sector UCITS (IUHC.L) at 2.69%. This indicates that HEAE.L's price experiences larger fluctuations and is considered to be riskier than IUHC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.