HEAL.L vs. ESIH.DE
HEAL.L (iShares Healthcare Innovation UCITS ETF USD (Acc)) and ESIH.DE (iShares MSCI Europe Health Care Sector UCITS ETF EUR (Acc)) are both Health & Biotech Equities funds from iShares tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 5 years, HEAL.L returned -1.96%/yr vs 4.76%/yr for ESIH.DE. A 0.57 correlation means they provide meaningful diversification when combined. HEAL.L charges 0.40%/yr vs 0.18%/yr for ESIH.DE.
Performance
HEAL.L vs. ESIH.DE - Performance Comparison
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Different Trading Currencies
HEAL.L is traded in USD, while ESIH.DE is traded in EUR. To make them comparable, the ESIH.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HEAL.L achieves a 0.64% return, which is significantly higher than ESIH.DE's -3.47% return.
HEAL.L
- 1D
- 3.48%
- 1M
- 4.82%
- YTD
- 0.64%
- 6M
- -0.41%
- 1Y
- 20.32%
- 3Y*
- 6.08%
- 5Y*
- -1.96%
- 10Y*
- —
ESIH.DE
- 1D
- 3.23%
- 1M
- 0.69%
- YTD
- -3.47%
- 6M
- -1.11%
- 1Y
- 7.86%
- 3Y*
- 5.52%
- 5Y*
- 4.76%
- 10Y*
- —
HEAL.L vs. ESIH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HEAL.L iShares Healthcare Innovation UCITS ETF USD (Acc) | 0.64% | 18.42% | 0.96% | 3.11% | -24.00% | -6.52% | 11.81% |
ESIH.DE iShares MSCI Europe Health Care Sector UCITS ETF EUR (Acc) | -3.47% | 21.86% | -1.86% | 11.03% | -9.84% | 16.00% | 2.97% |
Correlation
The correlation between HEAL.L and ESIH.DE is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2020 | 0.57 |
The correlation between HEAL.L and ESIH.DE shifts across timeframes, from 0.56 (3 years) to 0.67 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HEAL.L vs. ESIH.DE — Risk / Return Rank
HEAL.L
ESIH.DE
HEAL.L vs. ESIH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Healthcare Innovation UCITS ETF USD (Acc) (HEAL.L) and iShares MSCI Europe Health Care Sector UCITS ETF EUR (Acc) (ESIH.DE). 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.
| HEAL.L | ESIH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.09 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 0.53 | +1.08 |
| Martin ratioReturn relative to average drawdown | 3.96 | 1.23 | +2.73 |
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
| HEAL.L | ESIH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 0.43 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.27 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.34 | -0.02 |
Drawdowns
HEAL.L vs. ESIH.DE - Drawdown Comparison
The maximum HEAL.L drawdown since its inception was -46.43%, which is greater than ESIH.DE's maximum drawdown of -28.70%. Use the drawdown chart below to compare losses from any high point for HEAL.L and ESIH.DE.
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Drawdown Indicators
| HEAL.L | ESIH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.43% | -28.70% | -17.73% |
Max Drawdown (1Y)Largest decline over 1 year | -12.59% | -14.88% | +2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -21.46% | -27.51% | +6.05% |
Max Drawdown (5Y)Largest decline over 5 years | -43.70% | -28.70% | -15.00% |
Current DrawdownCurrent decline from peak | -20.00% | -11.87% | -8.13% |
Average DrawdownAverage peak-to-trough decline | -18.60% | -8.01% | -10.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.12% | 6.36% | -1.24% |
Volatility
HEAL.L vs. ESIH.DE - Volatility Comparison
The current volatility for iShares Healthcare Innovation UCITS ETF USD (Acc) (HEAL.L) is 5.13%, while iShares MSCI Europe Health Care Sector UCITS ETF EUR (Acc) (ESIH.DE) has a volatility of 6.16%. This indicates that HEAL.L experiences smaller price fluctuations and is considered to be less risky than ESIH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEAL.L | ESIH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 6.16% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 13.28% | 13.37% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.48% | 18.47% | -0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.87% | 17.61% | +2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.91% | 17.31% | +2.60% |
HEAL.L vs. ESIH.DE - Expense Ratio Comparison
HEAL.L has a 0.40% expense ratio, which is higher than ESIH.DE's 0.18% expense ratio.
Dividends
HEAL.L vs. ESIH.DE - Dividend Comparison
Neither HEAL.L nor ESIH.DE has paid dividends to shareholders.
Frequently Asked Questions
HEAL.L and ESIH.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESIH.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIH.DE is cheaper with a 0.18% expense ratio, compared with 0.40% for HEAL.L.
Both ETFs track MSCI World/Health Care NR USD. Their fees differ too: 0.40% for HEAL.L and 0.18% for ESIH.DE.
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