IHCU.L vs. DOCG.L
IHCU.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) and DOCG.L (L&G Healthcare Breakthrough UCITS ETF) are both Health & Biotech Equities funds - IHCU.L tracks the S&P 500 Capped 35/20 Health Care Index NTR (USD) while DOCG.L tracks the MSCI World/Health Care NR USD. Both are passively managed. Over the past 5 years, IHCU.L returned 6.73%/yr vs -2.75%/yr for DOCG.L. A 0.59 correlation means they provide meaningful diversification when combined. IHCU.L charges 0.15%/yr vs 0.49%/yr for DOCG.L.
Performance
IHCU.L vs. DOCG.L - Performance Comparison
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Returns By Period
In the year-to-date period, IHCU.L achieves a 5.35% return, which is significantly lower than DOCG.L's 6.45% return.
IHCU.L
- 1D
- 0.83%
- 1M
- 6.67%
- 6M
- 4.07%
- YTD
- 5.35%
- 1Y
- 23.48%
- 3Y*
- 7.53%
- 5Y*
- 6.73%
- 10Y*
- 9.50%
DOCG.L
- 1D
- -1.44%
- 1M
- 6.77%
- 6M
- 0.71%
- YTD
- 6.45%
- 1Y
- 36.20%
- 3Y*
- 6.93%
- 5Y*
- -2.75%
- 10Y*
- —
IHCU.L vs. DOCG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IHCU.L iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) | 5.35% | 6.77% | 3.96% | -3.89% | 8.99% | 29.15% | 8.09% | 6.39% |
DOCG.L L&G Healthcare Breakthrough UCITS ETF | 6.45% | 16.50% | 3.57% | -6.64% | -25.94% | 1.46% | 61.30% | -16.63% |
Correlation
The correlation between IHCU.L and DOCG.L is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.59 |
The correlation between IHCU.L and DOCG.L has been stable across timeframes, ranging from 0.52 to 0.59 - a consistent structural relationship.
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Return for Risk
IHCU.L vs. DOCG.L — Risk / Return Rank
IHCU.L
DOCG.L
IHCU.L vs. DOCG.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 L&G Healthcare Breakthrough UCITS ETF (DOCG.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 | DOCG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.30 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 2.28 | -0.25 |
| Martin ratioReturn relative to average drawdown | 5.06 | 5.10 | -0.04 |
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Drawdowns
IHCU.L vs. DOCG.L - Drawdown Comparison
The maximum IHCU.L drawdown since its inception was -38.44%, smaller than the maximum DOCG.L drawdown of -51.45%. Use the drawdown chart below to compare losses from any high point for IHCU.L and DOCG.L.
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Drawdown Indicators
| IHCU.L | DOCG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.44% | -51.45% | +13.01% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -15.84% | +4.30% |
Max Drawdown (3Y)Largest decline over 3 years | -23.98% | -25.52% | +1.54% |
Max Drawdown (5Y)Largest decline over 5 years | -23.98% | -49.65% | +25.67% |
Max Drawdown (10Y)Largest decline over 10 years | -23.98% | — | — |
Current DrawdownCurrent decline from peak | -2.26% | -23.15% | +20.89% |
Average DrawdownAverage peak-to-trough decline | -9.78% | -27.43% | +17.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.63% | 7.08% | -2.45% |
Volatility
IHCU.L vs. DOCG.L - Volatility Comparison
The current volatility for iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IHCU.L) is 5.51%, while L&G Healthcare Breakthrough UCITS ETF (DOCG.L) has a volatility of 6.90%. This indicates that IHCU.L experiences smaller price fluctuations and is considered to be less risky than DOCG.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 | DOCG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 6.90% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 11.29% | 15.86% | -4.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.29% | 20.33% | -5.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.32% | 25.84% | -5.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.56% | 26.47% | -7.91% |
IHCU.L vs. DOCG.L - Expense Ratio Comparison
IHCU.L has a 0.15% expense ratio, which is lower than DOCG.L's 0.49% expense ratio.
Dividends
IHCU.L vs. DOCG.L - Dividend Comparison
Neither IHCU.L nor DOCG.L has paid dividends to shareholders.
Frequently Asked Questions
IHCU.L and DOCG.L have a correlation of 0.56, 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 0.49% for DOCG.L.
IHCU.L tracks S&P 500 Capped 35/20 Health Care Index NTR (USD), while DOCG.L tracks MSCI World/Health Care NR USD. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.15% for IHCU.L and 0.49% for DOCG.L.
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