HLTW.L vs. HEAW.L
HLTW.L (Lyxor UCITS MSCI World Health Care TR C-USD) and HEAW.L (SPDR MSCI World Health Care UCITS ETF) are both Health & Biotech Equities funds tracking the MSCI World/Health Care NR USD, from Amundi and State Street respectively. Both are passively managed. Over the past 3 years, HLTW.L returned 5.29%/yr vs 5.36%/yr for HEAW.L. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
HLTW.L vs. HEAW.L - Performance Comparison
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Different Trading Currencies
HLTW.L is traded in USD, while HEAW.L is traded in GBP. To make them comparable, the HEAW.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with HLTW.L having a -3.12% return and HEAW.L slightly higher at -2.97%.
HLTW.L
- 1D
- 3.02%
- 1M
- 1.93%
- YTD
- -3.12%
- 6M
- -1.75%
- 1Y
- 11.48%
- 3Y*
- 5.29%
- 5Y*
- 4.29%
- 10Y*
- 7.69%
HEAW.L
- 1D
- 3.06%
- 1M
- 3.45%
- YTD
- -2.97%
- 6M
- -1.52%
- 1Y
- 11.61%
- 3Y*
- 5.36%
- 5Y*
- —
- 10Y*
- —
HLTW.L vs. HEAW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HLTW.L Lyxor UCITS MSCI World Health Care TR C-USD | -3.12% | 15.73% | 0.39% | 3.08% | -2.76% |
HEAW.L SPDR MSCI World Health Care UCITS ETF | -2.96% | 15.56% | 0.81% | 3.12% | -2.46% |
Correlation
The correlation between HLTW.L and HEAW.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.91 |
The correlation between HLTW.L and HEAW.L has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
HLTW.L vs. HEAW.L — Risk / Return Rank
HLTW.L
HEAW.L
HLTW.L vs. HEAW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor UCITS MSCI World Health Care TR C-USD (HLTW.L) and SPDR MSCI World Health Care UCITS ETF (HEAW.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.
| HLTW.L | HEAW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.15 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.10 | +0.04 |
| Martin ratioReturn relative to average drawdown | 2.84 | 2.73 | +0.10 |
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
| HLTW.L | HEAW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.81 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.22 | +0.53 |
Drawdowns
HLTW.L vs. HEAW.L - Drawdown Comparison
The maximum HLTW.L drawdown since its inception was -26.58%, which is greater than HEAW.L's maximum drawdown of -19.14%. Use the drawdown chart below to compare losses from any high point for HLTW.L and HEAW.L.
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Drawdown Indicators
| HLTW.L | HEAW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.58% | -19.14% | -7.44% |
Max Drawdown (1Y)Largest decline over 1 year | -10.12% | -10.51% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -19.14% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -19.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.58% | — | — |
Current DrawdownCurrent decline from peak | -5.90% | -6.05% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -5.20% | -7.03% | +1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 4.24% | -0.18% |
Volatility
HLTW.L vs. HEAW.L - Volatility Comparison
Lyxor UCITS MSCI World Health Care TR C-USD (HLTW.L) and SPDR MSCI World Health Care UCITS ETF (HEAW.L) have volatilities of 4.82% and 4.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLTW.L | HEAW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 4.79% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.63% | 10.45% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.52% | 14.34% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.16% | 14.21% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.85% | 14.21% | +0.64% |
HLTW.L vs. HEAW.L - Expense Ratio Comparison
Both HLTW.L and HEAW.L have an expense ratio of 0.30%.
Dividends
HLTW.L vs. HEAW.L - Dividend Comparison
Neither HLTW.L nor HEAW.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, HLTW.L and HEAW.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
HLTW.L and HEAW.L have the same expense ratio: 0.30% per year.
Both ETFs track MSCI World/Health Care NR USD. They also come from different issuers: Amundi and State Street.
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