IHCU.L vs. BTEE.L
IHCU.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) and BTEE.L (iShares Nasdaq US Biotechnology UCITS ETF USD (Dist)) are both Health & Biotech Equities funds from iShares - IHCU.L tracks the iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) while BTEE.L tracks the NASDAQ Biotechnology TR USD. Both are passively managed. Over the past 5 years, IHCU.L returned 6.27%/yr vs 6.15%/yr for BTEE.L. A 0.63 correlation means they provide meaningful diversification when combined. IHCU.L charges 0.15%/yr vs 0.35%/yr for BTEE.L.
Performance
IHCU.L vs. BTEE.L - Performance Comparison
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Different Trading Currencies
IHCU.L is traded in GBp, while BTEE.L is traded in USD. To make them comparable, the BTEE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IHCU.L achieves a 3.10% return, which is significantly lower than BTEE.L's 14.08% return.
IHCU.L
- 1D
- 0.45%
- 1M
- 4.09%
- 6M
- 1.95%
- YTD
- 3.10%
- 1Y
- 20.87%
- 3Y*
- 7.15%
- 5Y*
- 6.27%
- 10Y*
- 9.36%
BTEE.L
- 1D
- -0.72%
- 1M
- 7.93%
- 6M
- 11.82%
- YTD
- 14.08%
- 1Y
- 47.62%
- 3Y*
- 16.06%
- 5Y*
- 6.15%
- 10Y*
- —
IHCU.L vs. BTEE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IHCU.L iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) | 3.10% | 6.77% | 3.96% | -3.89% | 8.99% | 29.15% | 8.09% | 16.89% | 13.16% |
BTEE.L iShares Nasdaq US Biotechnology UCITS ETF USD (Dist) | 14.08% | 23.30% | 0.11% | 0.43% | -1.39% | 0.47% | 23.74% | 20.86% | -6.21% |
Correlation
The correlation between IHCU.L and BTEE.L is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2018 | 0.63 |
The correlation between IHCU.L and BTEE.L has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.
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Return for Risk
IHCU.L vs. BTEE.L — Risk / Return Rank
IHCU.L
BTEE.L
IHCU.L vs. BTEE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IHCU.L) and iShares Nasdaq US Biotechnology UCITS ETF USD (Dist) (BTEE.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.
| IHCU.L | BTEE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.38 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 6.76 | -4.97 |
| Martin ratioReturn relative to average drawdown | 4.47 | 19.04 | -14.57 |
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Drawdowns
IHCU.L vs. BTEE.L - Drawdown Comparison
The maximum IHCU.L drawdown since its inception was -38.44%, which is greater than BTEE.L's maximum drawdown of -30.88%. Use the drawdown chart below to compare losses from any high point for IHCU.L and BTEE.L.
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Drawdown Indicators
| IHCU.L | BTEE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.44% | -30.88% | -7.56% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -7.01% | -4.53% |
Max Drawdown (3Y)Largest decline over 3 years | -23.98% | -26.39% | +2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -23.98% | -30.88% | +6.90% |
Max Drawdown (10Y)Largest decline over 10 years | -23.98% | — | — |
Current DrawdownCurrent decline from peak | -4.34% | -5.56% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -9.78% | -9.98% | +0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.63% | 2.49% | +2.14% |
Volatility
IHCU.L vs. BTEE.L - Volatility Comparison
The current volatility for iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IHCU.L) is 5.45%, while iShares Nasdaq US Biotechnology UCITS ETF USD (Dist) (BTEE.L) has a volatility of 6.86%. This indicates that IHCU.L experiences smaller price fluctuations and is considered to be less risky than BTEE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHCU.L | BTEE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 6.86% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 11.14% | 15.23% | -4.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 20.37% | -5.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.31% | 20.84% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.55% | 22.43% | -3.88% |
IHCU.L vs. BTEE.L - Expense Ratio Comparison
IHCU.L has a 0.15% expense ratio, which is lower than BTEE.L's 0.35% expense ratio.
Dividends
IHCU.L vs. BTEE.L - Dividend Comparison
IHCU.L has not paid dividends to shareholders, while BTEE.L's dividend yield for the trailing twelve months is around 0.23%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BTEE.L iShares Nasdaq US Biotechnology UCITS ETF USD (Dist) | 0.23% | 0.37% | 0.46% | 0.39% | 0.44% | 0.25% | 0.17% | 0.14% | 0.07% |
IHCU.L iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IHCU.L and BTEE.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IHCU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IHCU.L is cheaper with a 0.15% expense ratio, compared with 0.35% for BTEE.L.
IHCU.L tracks iShares S&P 500 Health Care Sector UCITS ETF USD (Acc), while BTEE.L tracks NASDAQ Biotechnology TR USD. Their fees differ too: 0.15% for IHCU.L and 0.35% for BTEE.L.
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