IHCU.L vs. SWDA.L
IHCU.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IHCU.L is a Health & Biotech Equities fund tracking the iShares S&P 500 Health Care Sector UCITS ETF USD (Acc), while SWDA.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, IHCU.L returned 9.36%/yr vs 12.77%/yr for SWDA.L. A 0.64 correlation means they provide meaningful diversification when combined. IHCU.L charges 0.15%/yr vs 0.20%/yr for SWDA.L.
Performance
IHCU.L vs. SWDA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IHCU.L achieves a 3.10% return, which is significantly lower than SWDA.L's 9.95% return. Over the past 10 years, IHCU.L has underperformed SWDA.L with an annualized return of 9.36%, while SWDA.L has yielded a comparatively higher 12.77% annualized 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%
SWDA.L
- 1D
- -0.55%
- 1M
- -0.21%
- 6M
- 8.73%
- YTD
- 9.95%
- 1Y
- 21.07%
- 3Y*
- 17.79%
- 5Y*
- 12.11%
- 10Y*
- 12.77%
IHCU.L vs. SWDA.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% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 9.95% | 12.64% | 21.11% | 17.59% | -8.33% | 23.64% | 12.25% | 23.03% | -3.78% | 11.78% |
Correlation
The correlation between IHCU.L and SWDA.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.64 |
Over the past year, the correlation between IHCU.L and SWDA.L has dropped to 0.20 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IHCU.L vs. SWDA.L — Risk / Return Rank
IHCU.L
SWDA.L
IHCU.L vs. SWDA.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 Core MSCI World UCITS ETF USD (Acc) (SWDA.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 | SWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 3.20 | -1.41 |
| Martin ratioReturn relative to average drawdown | 4.47 | 12.47 | -8.00 |
Loading charts...
Drawdowns
IHCU.L vs. SWDA.L - Drawdown Comparison
The maximum IHCU.L drawdown since its inception was -38.44%, smaller than the maximum SWDA.L drawdown of -41.70%. Use the drawdown chart below to compare losses from any high point for IHCU.L and SWDA.L.
Loading charts...
Drawdown Indicators
| IHCU.L | SWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.44% | -41.70% | +3.26% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -6.55% | -4.99% |
Max Drawdown (3Y)Largest decline over 3 years | -23.98% | -18.50% | -5.48% |
Max Drawdown (5Y)Largest decline over 5 years | -23.98% | -18.50% | -5.48% |
Max Drawdown (10Y)Largest decline over 10 years | -23.98% | -25.58% | +1.60% |
Current DrawdownCurrent decline from peak | -4.34% | -1.05% | -3.29% |
Average DrawdownAverage peak-to-trough decline | -9.78% | -9.44% | -0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.63% | 1.69% | +2.94% |
Volatility
IHCU.L vs. SWDA.L - Volatility Comparison
iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IHCU.L) has a higher volatility of 5.45% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.61%. This indicates that IHCU.L's price experiences larger fluctuations and is considered to be riskier than SWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IHCU.L | SWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 2.61% | +2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 11.14% | 7.86% | +3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 10.57% | +4.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.31% | 13.36% | +6.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.55% | 14.50% | +4.05% |
IHCU.L vs. SWDA.L - Expense Ratio Comparison
IHCU.L has a 0.15% expense ratio, which is lower than SWDA.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IHCU.L vs. SWDA.L - Dividend Comparison
Neither IHCU.L nor SWDA.L has paid dividends to shareholders.
Frequently Asked Questions
IHCU.L and SWDA.L have a correlation of 0.20, 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 0.20% for SWDA.L.
IHCU.L is categorized as Health & Biotech Equities, while SWDA.L is Global Equities. IHCU.L tracks iShares S&P 500 Health Care Sector UCITS ETF USD (Acc), while SWDA.L tracks MSCI World Index. Their fees differ too: 0.15% for IHCU.L and 0.20% for SWDA.L.
Find the right allocation for IHCU.L and SWDA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer