IHCU.L vs. HLTW.L
IHCU.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) and HLTW.L (Lyxor UCITS MSCI World Health Care TR C-USD) are both Health & Biotech Equities funds - IHCU.L tracks the S&P 500 Capped 35/20 Health Care Index NTR (USD) while HLTW.L tracks the MSCI World/Health Care NR USD. Both are passively managed. Over the past 10 years, IHCU.L returned 9.50%/yr vs 7.92%/yr for HLTW.L. Their correlation of 0.88 suggests significant overlap in exposure. IHCU.L charges 0.15%/yr vs 0.30%/yr for HLTW.L.
Performance
IHCU.L vs. HLTW.L - Performance Comparison
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Different Trading Currencies
IHCU.L is traded in GBp, while HLTW.L is traded in USD. To make them comparable, the HLTW.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 higher than HLTW.L's 2.92% return. Over the past 10 years, IHCU.L has outperformed HLTW.L with an annualized return of 9.50%, while HLTW.L has yielded a comparatively lower 7.92% annualized 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%
HLTW.L
- 1D
- 0.61%
- 1M
- 4.25%
- 6M
- 1.13%
- YTD
- 2.92%
- 1Y
- 18.93%
- 3Y*
- 5.94%
- 5Y*
- 5.07%
- 10Y*
- 7.92%
IHCU.L vs. HLTW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 16.89% | 10.43% | 11.31% |
HLTW.L Lyxor UCITS MSCI World Health Care TR C-USD | 2.92% | 7.49% | 2.14% | -2.07% | 5.56% | 21.73% | 9.62% | 18.18% | 8.08% | 9.20% |
Correlation
The correlation between IHCU.L and HLTW.L is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.88 |
The correlation between IHCU.L and HLTW.L has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.
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Return for Risk
IHCU.L vs. HLTW.L — Risk / Return Rank
IHCU.L
HLTW.L
IHCU.L vs. HLTW.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 Lyxor UCITS MSCI World Health Care TR C-USD (HLTW.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 | HLTW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.55 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 0.35 | +1.68 |
| Martin ratioReturn relative to average drawdown | 5.06 | 3.45 | +1.61 |
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Drawdowns
IHCU.L vs. HLTW.L - Drawdown Comparison
The maximum IHCU.L drawdown since its inception was -38.44%, smaller than the maximum HLTW.L drawdown of -54.59%. Use the drawdown chart below to compare losses from any high point for IHCU.L and HLTW.L.
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Drawdown Indicators
| IHCU.L | HLTW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.44% | -54.59% | +16.15% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -54.44% | +42.90% |
Max Drawdown (3Y)Largest decline over 3 years | -23.98% | -54.59% | +30.61% |
Max Drawdown (5Y)Largest decline over 5 years | -23.98% | -54.59% | +30.61% |
Max Drawdown (10Y)Largest decline over 10 years | -23.98% | -54.59% | +30.61% |
Current DrawdownCurrent decline from peak | -2.26% | -2.49% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -9.78% | -4.13% | -5.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.63% | 5.47% | -0.84% |
Volatility
IHCU.L vs. HLTW.L - Volatility Comparison
The current volatility for iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IHCU.L) is 5.51%, while Lyxor UCITS MSCI World Health Care TR C-USD (HLTW.L) has a volatility of 5.82%. This indicates that IHCU.L experiences smaller price fluctuations and is considered to be less risky than HLTW.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 | HLTW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 5.82% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 11.29% | 11.93% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.29% | 130.82% | -115.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.32% | 59.96% | -39.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.56% | 43.91% | -25.35% |
IHCU.L vs. HLTW.L - Expense Ratio Comparison
IHCU.L has a 0.15% expense ratio, which is lower than HLTW.L's 0.30% expense ratio.
Dividends
IHCU.L vs. HLTW.L - Dividend Comparison
Neither IHCU.L nor HLTW.L has paid dividends to shareholders.
Frequently Asked Questions
IHCU.L and HLTW.L have a correlation of 0.88, 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 0.30% for HLTW.L.
IHCU.L tracks S&P 500 Capped 35/20 Health Care Index NTR (USD), while HLTW.L tracks MSCI World/Health Care NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.15% for IHCU.L and 0.30% for HLTW.L.
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