HEAW.L vs. AGED.L
HEAW.L (SPDR MSCI World Health Care UCITS ETF) and AGED.L (iShares Ageing Population UCITS ETF USD (Acc)) are both exchange-traded funds - HEAW.L is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD, while AGED.L is a Global Equities fund tracking the Stoxx Global Ageing Population Net USD Index. Both are passively managed. Over the past 5 years, HEAW.L returned -1.69%/yr vs 7.11%/yr for AGED.L. At a 0.47 correlation, their price movements are largely independent. HEAW.L charges 0.30%/yr vs 0.40%/yr for AGED.L.
Performance
HEAW.L vs. AGED.L - Performance Comparison
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Different Trading Currencies
HEAW.L is traded in GBP, while AGED.L is traded in USD. To make them comparable, the AGED.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, HEAW.L achieves a 0.93% return, which is significantly lower than AGED.L's 10.73% return.
HEAW.L
- 1D
- 0.00%
- 1M
- 3.13%
- 6M
- -0.89%
- YTD
- 0.93%
- 1Y
- 16.50%
- 3Y*
- 5.92%
- 5Y*
- -1.69%
- 10Y*
- 4.94%
AGED.L
- 1D
- 0.00%
- 1M
- 4.73%
- 6M
- 9.02%
- YTD
- 10.73%
- 1Y
- 24.73%
- 3Y*
- 14.44%
- 5Y*
- 7.11%
- 10Y*
- —
HEAW.L vs. AGED.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HEAW.L SPDR MSCI World Health Care UCITS ETF | 0.93% | 7.46% | 2.52% | -2.05% | -21.48% | 19.59% | 13.26% | 23.34% | 2.48% | 19.69% |
AGED.L iShares Ageing Population UCITS ETF USD (Acc) | 10.73% | 17.72% | 9.74% | 3.58% | -4.09% | 5.60% | 9.96% | 14.93% | -8.14% | 11.67% |
Correlation
The correlation between HEAW.L and AGED.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2016 | 0.47 |
The correlation between HEAW.L and AGED.L has been stable across timeframes, ranging from 0.47 to 0.50 - a consistent structural relationship.
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Return for Risk
HEAW.L vs. AGED.L — Risk / Return Rank
HEAW.L
AGED.L
HEAW.L vs. AGED.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Health Care UCITS ETF (HEAW.L) and iShares Ageing Population UCITS ETF USD (Acc) (AGED.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HEAW.L | AGED.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.30 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 3.56 | -2.01 |
| Martin ratioReturn relative to average drawdown | 3.95 | 12.44 | -8.48 |
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Drawdowns
HEAW.L vs. AGED.L - Drawdown Comparison
The maximum HEAW.L drawdown since its inception was -32.15%, roughly equal to the maximum AGED.L drawdown of -31.59%. Use the drawdown chart below to compare losses from any high point for HEAW.L and AGED.L.
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Drawdown Indicators
| HEAW.L | AGED.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.15% | -31.59% | -0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -7.13% | -3.58% |
Max Drawdown (3Y)Largest decline over 3 years | -18.85% | -17.70% | -1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -32.15% | -19.39% | -12.76% |
Max Drawdown (10Y)Largest decline over 10 years | -32.15% | — | — |
Current DrawdownCurrent decline from peak | -14.72% | -2.27% | -12.45% |
Average DrawdownAverage peak-to-trough decline | -8.85% | -4.91% | -3.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | 2.04% | +2.14% |
Volatility
HEAW.L vs. AGED.L - Volatility Comparison
SPDR MSCI World Health Care UCITS ETF (HEAW.L) has a higher volatility of 5.29% compared to iShares Ageing Population UCITS ETF USD (Acc) (AGED.L) at 3.76%. This indicates that HEAW.L's price experiences larger fluctuations and is considered to be riskier than AGED.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEAW.L | AGED.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 3.76% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 10.65% | 11.96% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.26% | 15.12% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 16.45% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.99% | 16.96% | -0.97% |
HEAW.L vs. AGED.L - Expense Ratio Comparison
HEAW.L has a 0.30% expense ratio, which is lower than AGED.L's 0.40% expense ratio.
Dividends
HEAW.L vs. AGED.L - Dividend Comparison
Neither HEAW.L nor AGED.L has paid dividends to shareholders.
Frequently Asked Questions
HEAW.L and AGED.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HEAW.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HEAW.L is cheaper with a 0.30% expense ratio, compared with 0.40% for AGED.L.
HEAW.L is categorized as Health & Biotech Equities, while AGED.L is Global Equities. HEAW.L tracks MSCI World/Health Care NR USD, while AGED.L tracks Stoxx Global Ageing Population Net USD Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for HEAW.L and 0.40% for AGED.L.
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