HLTW.L vs. WHEA.L
HLTW.L (Lyxor UCITS MSCI World Health Care TR C-USD) and WHEA.L (State Street SPDR MSCI World Health Care UCITS ETF USD (Acc)) are both Health & Biotech Equities funds - HLTW.L tracks the MSCI World/Health Care NR USD while WHEA.L tracks the MSCI World Health Care 35/20 Capped Index. Both are passively managed. Over the past 10 years, HLTW.L returned 8.21%/yr vs 8.36%/yr for WHEA.L. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
HLTW.L vs. WHEA.L - Performance Comparison
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Returns By Period
In the year-to-date period, HLTW.L achieves a 2.77% return, which is significantly lower than WHEA.L's 3.00% return. Both investments have delivered pretty close results over the past 10 years, with HLTW.L having a 8.21% annualized return and WHEA.L not far ahead at 8.36%.
HLTW.L
- 1D
- 0.45%
- 1M
- 5.55%
- 6M
- 1.72%
- YTD
- 2.77%
- 1Y
- 19.26%
- 3Y*
- 7.05%
- 5Y*
- 4.60%
- 10Y*
- 8.21%
WHEA.L
- 1D
- 0.50%
- 1M
- 5.67%
- 6M
- 1.81%
- YTD
- 3.00%
- 1Y
- 19.31%
- 3Y*
- 7.18%
- 5Y*
- 4.75%
- 10Y*
- 8.36%
HLTW.L vs. WHEA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLTW.L Lyxor UCITS MSCI World Health Care TR C-USD | 2.77% | 15.73% | 0.39% | 3.08% | -5.66% | 20.58% | 12.94% | 22.85% | 2.03% | 19.53% |
WHEA.L State Street SPDR MSCI World Health Care UCITS ETF USD (Acc) | 3.00% | 15.24% | 1.05% | 3.54% | -5.55% | 20.41% | 12.93% | 23.18% | 1.48% | 20.27% |
Correlation
The correlation between HLTW.L and WHEA.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 | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2010 | 0.89 |
The correlation between HLTW.L and WHEA.L has been stable across timeframes, ranging from 0.89 to 0.97 - a consistent structural relationship.
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Return for Risk
HLTW.L vs. WHEA.L — Risk / Return Rank
HLTW.L
WHEA.L
HLTW.L vs. WHEA.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 State Street SPDR MSCI World Health Care UCITS ETF USD (Acc) (WHEA.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HLTW.L | WHEA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.23 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 1.86 | -1.51 |
| Martin ratioReturn relative to average drawdown | 3.49 | 4.51 | -1.03 |
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Drawdowns
HLTW.L vs. WHEA.L - Drawdown Comparison
The maximum HLTW.L drawdown since its inception was -54.56%, which is greater than WHEA.L's maximum drawdown of -26.20%. Use the drawdown chart below to compare losses from any high point for HLTW.L and WHEA.L.
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Drawdown Indicators
| HLTW.L | WHEA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.56% | -26.20% | -28.36% |
Max Drawdown (1Y)Largest decline over 1 year | -54.56% | -10.35% | -44.21% |
Max Drawdown (3Y)Largest decline over 3 years | -54.56% | -19.16% | -35.40% |
Max Drawdown (5Y)Largest decline over 5 years | -54.56% | -19.16% | -35.40% |
Max Drawdown (10Y)Largest decline over 10 years | -54.56% | -26.20% | -28.36% |
Current DrawdownCurrent decline from peak | -1.78% | -1.77% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -4.76% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.51% | 4.27% | +1.24% |
Volatility
HLTW.L vs. WHEA.L - Volatility Comparison
Lyxor UCITS MSCI World Health Care TR C-USD (HLTW.L) and State Street SPDR MSCI World Health Care UCITS ETF USD (Acc) (WHEA.L) have volatilities of 5.38% and 5.38%, 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 | WHEA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 5.38% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 11.66% | 11.61% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 131.78% | 15.17% | +116.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.42% | 14.28% | +46.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.06% | 14.74% | +29.32% |
HLTW.L vs. WHEA.L - Expense Ratio Comparison
Both HLTW.L and WHEA.L have an expense ratio of 0.30%.
Dividends
HLTW.L vs. WHEA.L - Dividend Comparison
Neither HLTW.L nor WHEA.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, HLTW.L and WHEA.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 WHEA.L have the same expense ratio: 0.30% per year.
HLTW.L tracks MSCI World/Health Care NR USD, while WHEA.L tracks MSCI World Health Care 35/20 Capped Index. They also come from different issuers: Amundi and State Street.
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