HLTH.L vs. ESIH.L
Compare and contrast key facts about SPDR® MSCI Europe Health Care UCITS ETF (HLTH.L) and iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.L).
HLTH.L and ESIH.L 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. ESIH.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Health Care NR USD. It was launched on Nov 17, 2020. Both HLTH.L and ESIH.L 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 ESIH.L.
Key characteristics
| HLTH.L | ESIH.L | |
|---|---|---|
| YTD Return | 8.50% | 4.03% |
| 1Y Return | 12.46% | 7.48% |
| 3Y Return (Ann) | 4.48% | 3.65% |
| Sharpe Ratio | 1.00 | 0.63 |
| Sortino Ratio | 1.43 | 0.96 |
| Omega Ratio | 1.18 | 1.11 |
| Calmar Ratio | 1.02 | 0.59 |
| Martin Ratio | 3.55 | 2.07 |
| Ulcer Index | 3.46% | 3.70% |
| Daily Std Dev | 12.25% | 12.20% |
| Max Drawdown | -25.50% | -14.24% |
| Current Drawdown | -11.94% | -12.90% |
Correlation
The correlation between HLTH.L and ESIH.L is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HLTH.L vs. ESIH.L - Performance Comparison
In the year-to-date period, HLTH.L achieves a 8.50% return, which is significantly higher than ESIH.L's 4.03% 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. ESIH.L - Expense Ratio Comparison
Both HLTH.L and ESIH.L have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
HLTH.L vs. ESIH.L - 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 iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.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.
Dividends
HLTH.L vs. ESIH.L - Dividend Comparison
Neither HLTH.L nor ESIH.L has paid dividends to shareholders.
Drawdowns
HLTH.L vs. ESIH.L - Drawdown Comparison
The maximum HLTH.L drawdown since its inception was -25.50%, which is greater than ESIH.L's maximum drawdown of -14.24%. Use the drawdown chart below to compare losses from any high point for HLTH.L and ESIH.L. For additional features, visit the drawdowns tool.
Volatility
HLTH.L vs. ESIH.L - Volatility Comparison
The current volatility for SPDR® MSCI Europe Health Care UCITS ETF (HLTH.L) is 3.70%, while iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.L) has a volatility of 4.07%. This indicates that HLTH.L experiences smaller price fluctuations and is considered to be less risky than ESIH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.