HEAE.L vs. SUES.L
HEAE.L (SPDR MSCI Europe Health Care UCITS ETF) and SUES.L (iShares MSCI EM SRI UCITS ETF) are both exchange-traded funds - HEAE.L is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD, while SUES.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 3 years, HEAE.L returned 2.88%/yr vs 14.44%/yr for SUES.L. At a 0.22 correlation, their price movements are largely independent. HEAE.L charges 0.18%/yr vs 0.25%/yr for SUES.L.
Performance
HEAE.L vs. SUES.L - Performance Comparison
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Different Trading Currencies
HEAE.L is traded in GBP, while SUES.L is traded in GBp. To make them comparable, the SUES.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, HEAE.L achieves a -2.42% return, which is significantly lower than SUES.L's 16.30% return.
HEAE.L
- 1D
- 3.29%
- 1M
- 1.82%
- YTD
- -2.42%
- 6M
- -1.32%
- 1Y
- 9.06%
- 3Y*
- 2.88%
- 5Y*
- —
- 10Y*
- —
SUES.L
- 1D
- -1.52%
- 1M
- 3.02%
- YTD
- 16.30%
- 6M
- 18.19%
- 1Y
- 39.85%
- 3Y*
- 14.44%
- 5Y*
- 5.18%
- 10Y*
- —
HEAE.L vs. SUES.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HEAE.L SPDR MSCI Europe Health Care UCITS ETF | -2.42% | 13.38% | -1.21% | 5.53% | -5.60% |
SUES.L iShares MSCI EM SRI UCITS ETF | 16.30% | 22.98% | 6.49% | -4.42% | -8.03% |
Correlation
The correlation between HEAE.L and SUES.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2022 | 0.22 |
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Return for Risk
HEAE.L vs. SUES.L — Risk / Return Rank
HEAE.L
SUES.L
HEAE.L vs. SUES.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Health Care UCITS ETF (HEAE.L) and iShares MSCI EM SRI UCITS ETF (SUES.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.
| HEAE.L | SUES.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.44 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 3.79 | -3.13 |
| Martin ratioReturn relative to average drawdown | 1.57 | 13.42 | -11.86 |
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
| HEAE.L | SUES.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 2.51 | -1.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.43 | -0.29 |
Drawdowns
HEAE.L vs. SUES.L - Drawdown Comparison
The maximum HEAE.L drawdown since its inception was -24.51%, smaller than the maximum SUES.L drawdown of -30.11%. Use the drawdown chart below to compare losses from any high point for HEAE.L and SUES.L.
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Drawdown Indicators
| HEAE.L | SUES.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.51% | -30.11% | +5.60% |
Max Drawdown (1Y)Largest decline over 1 year | -13.73% | -10.48% | -3.25% |
Max Drawdown (3Y)Largest decline over 3 years | -24.51% | -17.77% | -6.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.78% | — |
Current DrawdownCurrent decline from peak | -10.88% | -2.59% | -8.29% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -9.15% | +1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.78% | 2.96% | +2.82% |
Volatility
HEAE.L vs. SUES.L - Volatility Comparison
SPDR MSCI Europe Health Care UCITS ETF (HEAE.L) and iShares MSCI EM SRI UCITS ETF (SUES.L) have volatilities of 5.60% and 5.89%, 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
| HEAE.L | SUES.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 5.89% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 12.99% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.79% | 15.81% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 16.41% | -0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 17.94% | -1.66% |
HEAE.L vs. SUES.L - Expense Ratio Comparison
HEAE.L has a 0.18% expense ratio, which is lower than SUES.L's 0.25% 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
HEAE.L vs. SUES.L - Dividend Comparison
Neither HEAE.L nor SUES.L has paid dividends to shareholders.
Frequently Asked Questions
HEAE.L and SUES.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HEAE.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HEAE.L is cheaper with a 0.18% expense ratio, compared with 0.25% for SUES.L.
HEAE.L is categorized as Health & Biotech Equities, while SUES.L is Emerging Markets Equities. HEAE.L tracks MSCI World/Health Care NR USD, while SUES.L tracks MSCI EM NR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.18% for HEAE.L and 0.25% for SUES.L.
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