HLTH.L vs. IXJ
Compare and contrast key facts about SPDR® MSCI Europe Health Care UCITS ETF (HLTH.L) and iShares Global Healthcare ETF (IXJ).
HLTH.L and IXJ 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. IXJ is a passively managed fund by iShares that tracks the performance of the S&P Global Healthcare Sector Index. It was launched on Nov 13, 2001. Both HLTH.L and IXJ 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 IXJ.
Key characteristics
| HLTH.L | IXJ | |
|---|---|---|
| YTD Return | 9.09% | 9.49% |
| 1Y Return | 12.39% | 19.09% |
| 3Y Return (Ann) | 4.64% | 3.85% |
| 5Y Return (Ann) | 7.80% | 9.34% |
| Sharpe Ratio | 1.16 | 1.64 |
| Sortino Ratio | 1.63 | 2.29 |
| Omega Ratio | 1.20 | 1.29 |
| Calmar Ratio | 1.16 | 1.63 |
| Martin Ratio | 4.21 | 6.55 |
| Ulcer Index | 3.31% | 2.60% |
| Daily Std Dev | 12.12% | 10.42% |
| Max Drawdown | -25.50% | -40.60% |
| Current Drawdown | -11.47% | -6.89% |
Correlation
The correlation between HLTH.L and IXJ is 0.59, 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. IXJ - Performance Comparison
The year-to-date returns for both investments are quite close, with HLTH.L having a 9.09% return and IXJ slightly higher at 9.49%. 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. IXJ - Expense Ratio Comparison
HLTH.L has a 0.18% expense ratio, which is lower than IXJ's 0.46% expense ratio.
Risk-Adjusted Performance
HLTH.L vs. IXJ - 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 Global Healthcare ETF (IXJ). 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. IXJ - Dividend Comparison
HLTH.L has not paid dividends to shareholders, while IXJ's dividend yield for the trailing twelve months is around 1.30%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLTH.L SPDR® MSCI Europe Health Care UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IXJ iShares Global Healthcare ETF | 1.30% | 1.38% | 1.17% | 1.12% | 1.27% | 1.42% | 2.11% | 1.47% | 1.73% | 2.85% | 1.38% | 1.51% |
Drawdowns
HLTH.L vs. IXJ - Drawdown Comparison
The maximum HLTH.L drawdown since its inception was -25.50%, smaller than the maximum IXJ drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for HLTH.L and IXJ. For additional features, visit the drawdowns tool.
Volatility
HLTH.L vs. IXJ - Volatility Comparison
SPDR® MSCI Europe Health Care UCITS ETF (HLTH.L) has a higher volatility of 3.29% compared to iShares Global Healthcare ETF (IXJ) at 2.76%. This indicates that HLTH.L's price experiences larger fluctuations and is considered to be riskier than IXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.