IHCU.L vs. DOCT.L
IHCU.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) and DOCT.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 DOCT.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 -2.78%/yr for DOCT.L. A 0.57 correlation means they provide meaningful diversification when combined. IHCU.L charges 0.15%/yr vs 0.49%/yr for DOCT.L.
Performance
IHCU.L vs. DOCT.L - Performance Comparison
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Different Trading Currencies
IHCU.L is traded in GBp, while DOCT.L is traded in USD. To make them comparable, the DOCT.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 5.35% return, which is significantly lower than DOCT.L's 6.71% 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%
DOCT.L
- 1D
- -1.38%
- 1M
- 6.03%
- 6M
- 0.75%
- YTD
- 6.71%
- 1Y
- 36.25%
- 3Y*
- 6.78%
- 5Y*
- -2.78%
- 10Y*
- —
IHCU.L vs. DOCT.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% |
DOCT.L L&G Healthcare Breakthrough UCITS ETF | 6.71% | 16.00% | 3.74% | -6.10% | -25.99% | 1.14% | 62.03% | 5.30% |
Correlation
The correlation between IHCU.L and DOCT.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.57 |
The correlation between IHCU.L and DOCT.L has been stable across timeframes, ranging from 0.50 to 0.57 - a consistent structural relationship.
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Return for Risk
IHCU.L vs. DOCT.L — Risk / Return Rank
IHCU.L
DOCT.L
IHCU.L vs. DOCT.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 (DOCT.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 | DOCT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 2.31 | -0.28 |
| Martin ratioReturn relative to average drawdown | 5.06 | 5.12 | -0.06 |
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Drawdowns
IHCU.L vs. DOCT.L - Drawdown Comparison
The maximum IHCU.L drawdown since its inception was -38.44%, smaller than the maximum DOCT.L drawdown of -51.47%. Use the drawdown chart below to compare losses from any high point for IHCU.L and DOCT.L.
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Drawdown Indicators
| IHCU.L | DOCT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.44% | -51.47% | +13.03% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -15.63% | +4.09% |
Max Drawdown (3Y)Largest decline over 3 years | -23.98% | -26.42% | +2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -23.98% | -49.73% | +25.75% |
Max Drawdown (10Y)Largest decline over 10 years | -23.98% | — | — |
Current DrawdownCurrent decline from peak | -2.26% | -22.93% | +20.67% |
Average DrawdownAverage peak-to-trough decline | -9.78% | -25.65% | +15.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.63% | 7.06% | -2.43% |
Volatility
IHCU.L vs. DOCT.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 (DOCT.L) has a volatility of 7.07%. This indicates that IHCU.L experiences smaller price fluctuations and is considered to be less risky than DOCT.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 | DOCT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 7.07% | -1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 11.29% | 16.32% | -5.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.29% | 21.15% | -5.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.32% | 22.94% | -2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.56% | 23.63% | -5.07% |
IHCU.L vs. DOCT.L - Expense Ratio Comparison
IHCU.L has a 0.15% expense ratio, which is lower than DOCT.L's 0.49% expense ratio.
Dividends
IHCU.L vs. DOCT.L - Dividend Comparison
Neither IHCU.L nor DOCT.L has paid dividends to shareholders.
Frequently Asked Questions
IHCU.L and DOCT.L have a correlation of 0.57, 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 DOCT.L.
IHCU.L tracks S&P 500 Capped 35/20 Health Care Index NTR (USD), while DOCT.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 DOCT.L.
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