IHCU.L vs. FBT.L
IHCU.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) and FBT.L (First Trust NYSE Arca Biotechnology UCITS ETF Acc) are both Health & Biotech Equities funds - IHCU.L tracks the iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) while FBT.L tracks the NASDAQ Biotechnology TR USD. Both are passively managed. Over the past 5 years, IHCU.L returned 6.27%/yr vs 8.78%/yr for FBT.L. A 0.60 correlation means they provide meaningful diversification when combined. IHCU.L charges 0.15%/yr vs 0.60%/yr for FBT.L.
Performance
IHCU.L vs. FBT.L - Performance Comparison
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Returns By Period
In the year-to-date period, IHCU.L achieves a 3.10% return, which is significantly lower than FBT.L's 17.27% 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%
FBT.L
- 1D
- -0.19%
- 1M
- 8.27%
- 6M
- 14.75%
- YTD
- 17.27%
- 1Y
- 49.02%
- 3Y*
- 15.75%
- 5Y*
- 8.78%
- 10Y*
- —
IHCU.L vs. FBT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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% | 1.19% |
FBT.L First Trust NYSE Arca Biotechnology UCITS ETF Acc | 17.27% | 17.28% | 6.52% | -1.81% | 5.32% | -2.57% | 7,473.50% |
Correlation
The correlation between IHCU.L and FBT.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since May 20, 2020 | 0.60 |
The correlation between IHCU.L and FBT.L has been stable across timeframes, ranging from 0.59 to 0.64 - a consistent structural relationship.
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Return for Risk
IHCU.L vs. FBT.L — Risk / Return Rank
IHCU.L
FBT.L
IHCU.L vs. FBT.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 First Trust NYSE Arca Biotechnology UCITS ETF Acc (FBT.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 | FBT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.39 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 3.53 | -1.74 |
| Martin ratioReturn relative to average drawdown | 4.47 | 9.57 | -5.10 |
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Drawdowns
IHCU.L vs. FBT.L - Drawdown Comparison
The maximum IHCU.L drawdown since its inception was -38.44%, which is greater than FBT.L's maximum drawdown of -30.39%. Use the drawdown chart below to compare losses from any high point for IHCU.L and FBT.L.
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Drawdown Indicators
| IHCU.L | FBT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.44% | -30.39% | -8.05% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -13.81% | +2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -23.98% | -24.59% | +0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -23.98% | -24.59% | +0.61% |
Max Drawdown (10Y)Largest decline over 10 years | -23.98% | — | — |
Current DrawdownCurrent decline from peak | -4.34% | -4.56% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -9.78% | -13.21% | +3.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.63% | 5.11% | -0.48% |
Volatility
IHCU.L vs. FBT.L - Volatility Comparison
The current volatility for iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IHCU.L) is 5.45%, while First Trust NYSE Arca Biotechnology UCITS ETF Acc (FBT.L) has a volatility of 6.25%. This indicates that IHCU.L experiences smaller price fluctuations and is considered to be less risky than FBT.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 | FBT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 6.25% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 11.14% | 15.78% | -4.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 20.92% | -5.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.31% | 23.80% | -3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.55% | 3,210.80% | -3,192.25% |
IHCU.L vs. FBT.L - Expense Ratio Comparison
IHCU.L has a 0.15% expense ratio, which is lower than FBT.L's 0.60% expense ratio.
Dividends
IHCU.L vs. FBT.L - Dividend Comparison
Neither IHCU.L nor FBT.L has paid dividends to shareholders.
Frequently Asked Questions
IHCU.L and FBT.L have a correlation of 0.64, 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 0.60% for FBT.L.
IHCU.L tracks iShares S&P 500 Health Care Sector UCITS ETF USD (Acc), while FBT.L tracks NASDAQ Biotechnology TR USD. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.15% for IHCU.L and 0.60% for FBT.L.
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