IHCU.L vs. IUHC.L
IHCU.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) and IUHC.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) are both Health & Biotech Equities funds from iShares - IHCU.L tracks the iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) while IUHC.L tracks the S&P 500 Capped 35/20 Health Care Index. Both are passively managed. Over the past 10 years, IHCU.L returned 9.36%/yr vs 9.17%/yr for IUHC.L. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
IHCU.L vs. IUHC.L - Performance Comparison
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Different Trading Currencies
IHCU.L is traded in GBp, while IUHC.L is traded in USD. To make them comparable, the IUHC.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 higher than IUHC.L's 2.47% return. Both investments have delivered pretty close results over the past 10 years, with IHCU.L having a 9.36% annualized return and IUHC.L not far behind at 9.17%.
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%
IUHC.L
- 1D
- -0.57%
- 1M
- 3.31%
- 6M
- 1.21%
- YTD
- 2.47%
- 1Y
- 20.09%
- 3Y*
- 6.87%
- 5Y*
- 6.09%
- 10Y*
- 9.17%
IHCU.L vs. IUHC.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) | 3.10% | 6.77% | 3.96% | -3.89% | 8.99% | 29.15% | 8.09% | 16.89% | 10.43% | 11.31% |
IUHC.L iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) | 2.47% | 6.55% | 3.95% | -3.36% | 8.95% | 28.79% | 8.64% | 15.97% | 10.72% | 11.60% |
Correlation
The correlation between IHCU.L and IUHC.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.93 |
The correlation between IHCU.L and IUHC.L has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
IHCU.L vs. IUHC.L — Risk / Return Rank
IHCU.L
IUHC.L
IHCU.L vs. IUHC.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 S&P 500 Health Care Sector UCITS ETF USD (Acc) (IUHC.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 | IUHC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.71 | +0.08 |
| Martin ratioReturn relative to average drawdown | 4.47 | 4.25 | +0.22 |
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Drawdowns
IHCU.L vs. IUHC.L - Drawdown Comparison
The maximum IHCU.L drawdown since its inception was -38.44%, which is greater than IUHC.L's maximum drawdown of -19.70%. Use the drawdown chart below to compare losses from any high point for IHCU.L and IUHC.L.
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Drawdown Indicators
| IHCU.L | IUHC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.44% | -19.70% | -18.74% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -11.71% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -23.98% | -19.70% | -4.28% |
Max Drawdown (5Y)Largest decline over 5 years | -23.98% | -19.70% | -4.28% |
Max Drawdown (10Y)Largest decline over 10 years | -23.98% | -19.70% | -4.28% |
Current DrawdownCurrent decline from peak | -4.34% | -4.61% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -9.78% | -4.69% | -5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.63% | 4.72% | -0.09% |
Volatility
IHCU.L vs. IUHC.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 S&P 500 Health Care Sector UCITS ETF USD (Acc) (IUHC.L) has a volatility of 6.01%. This indicates that IHCU.L experiences smaller price fluctuations and is considered to be less risky than IUHC.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 | IUHC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 6.01% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 11.14% | 11.98% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 16.18% | -1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.31% | 15.37% | +4.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.55% | 16.45% | +2.10% |
IHCU.L vs. IUHC.L - Expense Ratio Comparison
Both IHCU.L and IUHC.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IHCU.L vs. IUHC.L - Dividend Comparison
Neither IHCU.L nor IUHC.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, IHCU.L and IUHC.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IHCU.L and IUHC.L have the same expense ratio: 0.15% per year.
IHCU.L tracks iShares S&P 500 Health Care Sector UCITS ETF USD (Acc), while IUHC.L tracks S&P 500 Capped 35/20 Health Care Index.
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