HEAW.L vs. ^GSPC
Compare and contrast key facts about SPDR MSCI World Health Care UCITS ETF (HEAW.L) and S&P 500 (^GSPC).
HEAW.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 Apr 29, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HEAW.L or ^GSPC.
Performance
HEAW.L vs. ^GSPC - Performance Comparison
Returns By Period
In the year-to-date period, HEAW.L achieves a 4.11% return, which is significantly lower than ^GSPC's 23.62% return.
HEAW.L
4.11%
-5.73%
-3.04%
8.27%
N/A
N/A
^GSPC
23.62%
0.54%
11.19%
30.63%
13.61%
11.16%
Key characteristics
| HEAW.L | ^GSPC | |
|---|---|---|
| Sharpe Ratio | 0.86 | 2.51 |
| Sortino Ratio | 1.27 | 3.37 |
| Omega Ratio | 1.15 | 1.47 |
| Calmar Ratio | 0.98 | 3.63 |
| Martin Ratio | 3.42 | 16.15 |
| Ulcer Index | 2.50% | 1.91% |
| Daily Std Dev | 9.89% | 12.27% |
| Max Drawdown | -11.85% | -56.78% |
| Current Drawdown | -8.68% | -1.75% |
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Correlation
The correlation between HEAW.L and ^GSPC is 0.46, 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.
Risk-Adjusted Performance
HEAW.L vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Health Care UCITS ETF (HEAW.L) and S&P 500 (^GSPC). 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.
Drawdowns
HEAW.L vs. ^GSPC - Drawdown Comparison
The maximum HEAW.L drawdown since its inception was -11.85%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for HEAW.L and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
HEAW.L vs. ^GSPC - Volatility Comparison
The current volatility for SPDR MSCI World Health Care UCITS ETF (HEAW.L) is 3.78%, while S&P 500 (^GSPC) has a volatility of 4.07%. This indicates that HEAW.L experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.