HLTH.L vs. EQAC.MI
Compare and contrast key facts about SPDR® MSCI Europe Health Care UCITS ETF (HLTH.L) and Invesco EQQQ NASDAQ-100 UCITS ETF Acc (EQAC.MI).
HLTH.L and EQAC.MI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HLTH.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 Dec 5, 2014. EQAC.MI is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Sep 24, 2018. Both HLTH.L and EQAC.MI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HLTH.L or EQAC.MI.
Key characteristics
| HLTH.L | EQAC.MI | |
|---|---|---|
| YTD Return | 9.09% | 30.01% |
| 1Y Return | 12.39% | 37.86% |
| 3Y Return (Ann) | 4.64% | 12.21% |
| 5Y Return (Ann) | 7.80% | 21.59% |
| Sharpe Ratio | 1.16 | 2.19 |
| Sortino Ratio | 1.63 | 2.90 |
| Omega Ratio | 1.20 | 1.41 |
| Calmar Ratio | 1.16 | 2.71 |
| Martin Ratio | 4.21 | 9.01 |
| Ulcer Index | 3.31% | 4.02% |
| Daily Std Dev | 12.12% | 16.44% |
| Max Drawdown | -25.50% | -38.46% |
| Current Drawdown | -11.47% | 0.00% |
Correlation
The correlation between HLTH.L and EQAC.MI is 0.44, 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.
Performance
HLTH.L vs. EQAC.MI - Performance Comparison
In the year-to-date period, HLTH.L achieves a 9.09% return, which is significantly lower than EQAC.MI's 30.01% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HLTH.L vs. EQAC.MI - Expense Ratio Comparison
HLTH.L has a 0.18% expense ratio, which is lower than EQAC.MI's 0.30% expense ratio.
Risk-Adjusted Performance
HLTH.L vs. EQAC.MI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR® MSCI Europe Health Care UCITS ETF (HLTH.L) and Invesco EQQQ NASDAQ-100 UCITS ETF Acc (EQAC.MI). 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.
Dividends
HLTH.L vs. EQAC.MI - Dividend Comparison
Neither HLTH.L nor EQAC.MI has paid dividends to shareholders.
Drawdowns
HLTH.L vs. EQAC.MI - Drawdown Comparison
The maximum HLTH.L drawdown since its inception was -25.50%, smaller than the maximum EQAC.MI drawdown of -38.46%. Use the drawdown chart below to compare losses from any high point for HLTH.L and EQAC.MI. For additional features, visit the drawdowns tool.
Volatility
HLTH.L vs. EQAC.MI - Volatility Comparison
The current volatility for SPDR® MSCI Europe Health Care UCITS ETF (HLTH.L) is 3.29%, while Invesco EQQQ NASDAQ-100 UCITS ETF Acc (EQAC.MI) has a volatility of 4.60%. This indicates that HLTH.L experiences smaller price fluctuations and is considered to be less risky than EQAC.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.