IHCU.L vs. WHEA.L
IHCU.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) and WHEA.L (State Street SPDR MSCI World Health Care UCITS ETF) are both Health & Biotech Equities funds - IHCU.L tracks the iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) while WHEA.L tracks the State Street SPDR MSCI World Health Care UCITS ETF. Both are passively managed. Over the past 10 years, IHCU.L returned 9.36%/yr vs 7.87%/yr for WHEA.L. Their correlation of 0.88 suggests significant overlap in exposure. IHCU.L charges 0.15%/yr vs 0.30%/yr for WHEA.L.
Performance
IHCU.L vs. WHEA.L - Performance Comparison
Loading charts...
Different Trading Currencies
IHCU.L is traded in GBp, while WHEA.L is traded in USD. To make them comparable, the WHEA.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 WHEA.L's 0.55% return. Over the past 10 years, IHCU.L has outperformed WHEA.L with an annualized return of 9.36%, while WHEA.L has yielded a comparatively lower 7.87% 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%
WHEA.L
- 1D
- 0.00%
- 1M
- 2.46%
- 6M
- -1.37%
- YTD
- 0.55%
- 1Y
- 16.04%
- 3Y*
- 5.64%
- 5Y*
- 4.69%
- 10Y*
- 7.87%
IHCU.L vs. WHEA.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% |
WHEA.L State Street SPDR MSCI World Health Care UCITS ETF | 0.55% | 7.03% | 2.81% | -1.63% | 5.68% | 21.55% | 9.62% | 18.49% | 7.50% | 9.87% |
Correlation
The correlation between IHCU.L and WHEA.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.88 |
The correlation between IHCU.L and WHEA.L has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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. WHEA.L — Risk / Return Rank
IHCU.L
WHEA.L
IHCU.L vs. WHEA.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 State Street SPDR MSCI World Health Care UCITS ETF (WHEA.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 | WHEA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.18 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.46 | +0.33 |
| Martin ratioReturn relative to average drawdown | 4.47 | 3.75 | +0.72 |
Loading charts...
Drawdowns
IHCU.L vs. WHEA.L - Drawdown Comparison
The maximum IHCU.L drawdown since its inception was -38.44%, which is greater than WHEA.L's maximum drawdown of -19.01%. Use the drawdown chart below to compare losses from any high point for IHCU.L and WHEA.L.
Loading charts...
Drawdown Indicators
| IHCU.L | WHEA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.44% | -19.01% | -19.43% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -10.53% | -1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -23.98% | -19.01% | -4.97% |
Max Drawdown (5Y)Largest decline over 5 years | -23.98% | -19.01% | -4.97% |
Max Drawdown (10Y)Largest decline over 10 years | -23.98% | -19.01% | -4.97% |
Current DrawdownCurrent decline from peak | -4.34% | -4.94% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -9.78% | -4.30% | -5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.63% | 4.12% | +0.51% |
Volatility
IHCU.L vs. WHEA.L - Volatility Comparison
The current volatility for iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IHCU.L) is 5.45%, while State Street SPDR MSCI World Health Care UCITS ETF (WHEA.L) has a volatility of 5.81%. This indicates that IHCU.L experiences smaller price fluctuations and is considered to be less risky than WHEA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IHCU.L | WHEA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 5.81% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 11.14% | 11.66% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 15.27% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.31% | 14.10% | +6.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.55% | 15.16% | +3.39% |
IHCU.L vs. WHEA.L - Expense Ratio Comparison
IHCU.L has a 0.15% expense ratio, which is lower than WHEA.L's 0.30% expense ratio.
Dividends
IHCU.L vs. WHEA.L - Dividend Comparison
Neither IHCU.L nor WHEA.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, IHCU.L and WHEA.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.
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 WHEA.L.
IHCU.L tracks iShares S&P 500 Health Care Sector UCITS ETF USD (Acc), while WHEA.L tracks State Street SPDR MSCI World Health Care UCITS ETF. They also come from different issuers: iShares and State Street. Their fees differ too: 0.15% for IHCU.L and 0.30% for WHEA.L.
Find the right allocation for IHCU.L and WHEA.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