HEAW.L vs. WBIO.L
HEAW.L (SPDR MSCI World Health Care UCITS ETF) and WBIO.L (WisdomTree BioRevolution UCITS ETF USD Acc) are both Health & Biotech Equities funds - HEAW.L tracks the MSCI World/Health Care NR USD while WBIO.L tracks the NASDAQ Biotechnology TR USD. Both are passively managed. Over the past 3 years, HEAW.L returned 2.71%/yr vs 1.10%/yr for WBIO.L. A 0.56 correlation means they provide meaningful diversification when combined. HEAW.L charges 0.30%/yr vs 0.45%/yr for WBIO.L.
Performance
HEAW.L vs. WBIO.L - Performance Comparison
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Different Trading Currencies
HEAW.L is traded in GBP, while WBIO.L is traded in GBp. To make them comparable, the WBIO.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 -2.73% return, which is significantly lower than WBIO.L's 10.42% return.
HEAW.L
- 1D
- 3.01%
- 1M
- 4.33%
- YTD
- -2.73%
- 6M
- -2.25%
- 1Y
- 12.68%
- 3Y*
- 2.71%
- 5Y*
- —
- 10Y*
- —
WBIO.L
- 1D
- 4.36%
- 1M
- 4.49%
- YTD
- 10.42%
- 6M
- 10.40%
- 1Y
- 50.88%
- 3Y*
- 1.10%
- 5Y*
- —
- 10Y*
- —
HEAW.L vs. WBIO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HEAW.L SPDR MSCI World Health Care UCITS ETF | -2.73% | 7.46% | 2.52% | -2.05% | 5.82% |
WBIO.L WisdomTree BioRevolution UCITS ETF USD Acc | 10.42% | 13.58% | -14.08% | -5.86% | -9.25% |
Correlation
The correlation between HEAW.L and WBIO.L is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.56 |
The correlation between HEAW.L and WBIO.L has been stable across timeframes, ranging from 0.51 to 0.56 - a consistent structural relationship.
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Return for Risk
HEAW.L vs. WBIO.L — Risk / Return Rank
HEAW.L
WBIO.L
HEAW.L vs. WBIO.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 WisdomTree BioRevolution UCITS ETF USD Acc (WBIO.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.
| HEAW.L | WBIO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.31 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 4.40 | -3.22 |
| Martin ratioReturn relative to average drawdown | 3.10 | 10.38 | -7.28 |
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
| HEAW.L | WBIO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.91 | -0.99 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | -0.19 | +0.39 |
Drawdowns
HEAW.L vs. WBIO.L - Drawdown Comparison
The maximum HEAW.L drawdown since its inception was -18.85%, smaller than the maximum WBIO.L drawdown of -51.13%. Use the drawdown chart below to compare losses from any high point for HEAW.L and WBIO.L.
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Drawdown Indicators
| HEAW.L | WBIO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.85% | -51.13% | +32.28% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -11.50% | +0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -18.85% | -39.34% | +20.49% |
Current DrawdownCurrent decline from peak | -6.00% | -18.76% | +12.76% |
Average DrawdownAverage peak-to-trough decline | -5.60% | -26.35% | +20.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 4.89% | -0.81% |
Volatility
HEAW.L vs. WBIO.L - Volatility Comparison
The current volatility for SPDR MSCI World Health Care UCITS ETF (HEAW.L) is 5.19%, while WisdomTree BioRevolution UCITS ETF USD Acc (WBIO.L) has a volatility of 6.84%. This indicates that HEAW.L experiences smaller price fluctuations and is considered to be less risky than WBIO.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 | WBIO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 6.84% | -1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 17.06% | -7.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.70% | 26.57% | -12.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.11% | 23.70% | -10.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.11% | 23.70% | -10.59% |
HEAW.L vs. WBIO.L - Expense Ratio Comparison
HEAW.L has a 0.30% expense ratio, which is lower than WBIO.L's 0.45% expense ratio.
Dividends
HEAW.L vs. WBIO.L - Dividend Comparison
Neither HEAW.L nor WBIO.L has paid dividends to shareholders.
Frequently Asked Questions
HEAW.L and WBIO.L have a correlation of 0.56, 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 0.45% for WBIO.L.
HEAW.L tracks MSCI World/Health Care NR USD, while WBIO.L tracks NASDAQ Biotechnology TR USD. They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.30% for HEAW.L and 0.45% for WBIO.L.
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