HLTH.L vs. GXLV.L
HLTH.L (SPDR® MSCI Europe Health Care UCITS ETF) and GXLV.L (SPDR S&P US Health Care Select Sector UCITS ETF) are both Health & Biotech Equities funds from State Street tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 3 years, HLTH.L returned 2.79%/yr vs 3.62%/yr for GXLV.L. At a 0.30 correlation, their price movements are largely independent. HLTH.L charges 0.18%/yr vs 0.15%/yr for GXLV.L.
Performance
HLTH.L vs. GXLV.L - Performance Comparison
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Different Trading Currencies
HLTH.L is traded in EUR, while GXLV.L is traded in GBP. To make them comparable, the GXLV.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, HLTH.L achieves a -1.46% return, which is significantly lower than GXLV.L's -0.97% return.
HLTH.L
- 1D
- 3.12%
- 1M
- 1.53%
- YTD
- -1.46%
- 6M
- -0.41%
- 1Y
- 6.14%
- 3Y*
- 2.79%
- 5Y*
- 5.77%
- 10Y*
- 6.14%
GXLV.L
- 1D
- 2.88%
- 1M
- 5.47%
- YTD
- -0.97%
- 6M
- -1.12%
- 1Y
- 13.09%
- 3Y*
- 3.62%
- 5Y*
- —
- 10Y*
- —
HLTH.L vs. GXLV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HLTH.L SPDR® MSCI Europe Health Care UCITS ETF | -1.46% | 7.01% | 4.14% | 7.61% | -8.06% |
GXLV.L SPDR S&P US Health Care Select Sector UCITS ETF | -0.97% | 1.33% | 8.77% | -1.90% | 1.58% |
Correlation
The correlation between HLTH.L and GXLV.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2022 | 0.30 |
The correlation between HLTH.L and GXLV.L shifts across timeframes, from 0.29 (3 years) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HLTH.L vs. GXLV.L — Risk / Return Rank
HLTH.L
GXLV.L
HLTH.L vs. GXLV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR® MSCI Europe Health Care UCITS ETF (HLTH.L) and SPDR S&P US Health Care Select Sector UCITS ETF (GXLV.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.
| HLTH.L | GXLV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.20 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 1.84 | -1.35 |
| Martin ratioReturn relative to average drawdown | 1.07 | 4.03 | -2.95 |
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
| HLTH.L | GXLV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 1.09 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.22 | +0.14 |
Drawdowns
HLTH.L vs. GXLV.L - Drawdown Comparison
The maximum HLTH.L drawdown since its inception was -26.57%, which is greater than GXLV.L's maximum drawdown of -22.60%. Use the drawdown chart below to compare losses from any high point for HLTH.L and GXLV.L.
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Drawdown Indicators
| HLTH.L | GXLV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.57% | -22.60% | -3.97% |
Max Drawdown (1Y)Largest decline over 1 year | -12.57% | -10.89% | -1.68% |
Max Drawdown (3Y)Largest decline over 3 years | -26.57% | -22.60% | -3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -26.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.57% | — | — |
Current DrawdownCurrent decline from peak | -10.88% | -7.11% | -3.77% |
Average DrawdownAverage peak-to-trough decline | -9.38% | -7.03% | -2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.71% | 11.14% | -5.43% |
Volatility
HLTH.L vs. GXLV.L - Volatility Comparison
SPDR® MSCI Europe Health Care UCITS ETF (HLTH.L) has a higher volatility of 5.58% compared to SPDR S&P US Health Care Select Sector UCITS ETF (GXLV.L) at 5.25%. This indicates that HLTH.L's price experiences larger fluctuations and is considered to be riskier than GXLV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLTH.L | GXLV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.58% | 5.25% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 11.64% | 12.08% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.68% | 18.36% | -1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.59% | 20.79% | -5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.69% | 20.79% | -5.10% |
HLTH.L vs. GXLV.L - Expense Ratio Comparison
HLTH.L has a 0.18% expense ratio, which is higher than GXLV.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
HLTH.L vs. GXLV.L - Dividend Comparison
Neither HLTH.L nor GXLV.L has paid dividends to shareholders.
Frequently Asked Questions
HLTH.L and GXLV.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GXLV.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXLV.L is cheaper with a 0.15% expense ratio, compared with 0.18% for HLTH.L.
Both ETFs track MSCI World/Health Care NR USD. Their fees differ too: 0.18% for HLTH.L and 0.15% for GXLV.L.
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