IHCU.L vs. XDWH.L
IHCU.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) and XDWH.L (Xtrackers MSCI World Health Care UCITS ETF 1C) are both Health & Biotech Equities funds - IHCU.L tracks the iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) while XDWH.L tracks the MSCI World/Health Care NR USD. Both are passively managed. Over the past 10 years, IHCU.L returned 9.36%/yr vs 7.82%/yr for XDWH.L. Their correlation of 0.88 suggests significant overlap in exposure. IHCU.L charges 0.15%/yr vs 0.25%/yr for XDWH.L.
Performance
IHCU.L vs. XDWH.L - Performance Comparison
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Different Trading Currencies
IHCU.L is traded in GBp, while XDWH.L is traded in USD. To make them comparable, the XDWH.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 XDWH.L's 0.85% return. Over the past 10 years, IHCU.L has outperformed XDWH.L with an annualized return of 9.36%, while XDWH.L has yielded a comparatively lower 7.82% 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%
XDWH.L
- 1D
- -0.49%
- 1M
- 2.57%
- 6M
- -1.14%
- YTD
- 0.85%
- 1Y
- 16.15%
- 3Y*
- 5.76%
- 5Y*
- 4.78%
- 10Y*
- 7.82%
IHCU.L vs. XDWH.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% |
XDWH.L Xtrackers MSCI World Health Care UCITS ETF 1C | 0.85% | 7.04% | 2.51% | -1.38% | 5.83% | 21.71% | 9.57% | 18.28% | 8.16% | 9.19% |
Correlation
The correlation between IHCU.L and XDWH.L is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.88 |
The correlation between IHCU.L and XDWH.L has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
IHCU.L vs. XDWH.L — Risk / Return Rank
IHCU.L
XDWH.L
IHCU.L vs. XDWH.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 Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.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 | XDWH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.54 | +0.25 |
| Martin ratioReturn relative to average drawdown | 4.47 | 3.91 | +0.56 |
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Drawdowns
IHCU.L vs. XDWH.L - Drawdown Comparison
The maximum IHCU.L drawdown since its inception was -38.44%, which is greater than XDWH.L's maximum drawdown of -18.80%. Use the drawdown chart below to compare losses from any high point for IHCU.L and XDWH.L.
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Drawdown Indicators
| IHCU.L | XDWH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.44% | -18.80% | -19.64% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -10.43% | -1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -23.98% | -18.80% | -5.18% |
Max Drawdown (5Y)Largest decline over 5 years | -23.98% | -18.80% | -5.18% |
Max Drawdown (10Y)Largest decline over 10 years | -23.98% | -18.80% | -5.18% |
Current DrawdownCurrent decline from peak | -4.34% | -4.69% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -9.78% | -4.10% | -5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.63% | 4.12% | +0.51% |
Volatility
IHCU.L vs. XDWH.L - Volatility Comparison
The current volatility for iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IHCU.L) is 5.45%, while Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.L) has a volatility of 5.80%. This indicates that IHCU.L experiences smaller price fluctuations and is considered to be less risky than XDWH.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 | XDWH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 5.80% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 11.14% | 11.68% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 15.36% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.31% | 14.21% | +6.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.55% | 15.37% | +3.18% |
IHCU.L vs. XDWH.L - Expense Ratio Comparison
IHCU.L has a 0.15% expense ratio, which is lower than XDWH.L's 0.25% 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. XDWH.L - Dividend Comparison
Neither IHCU.L nor XDWH.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, IHCU.L and XDWH.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 0.25% for XDWH.L.
IHCU.L tracks iShares S&P 500 Health Care Sector UCITS ETF USD (Acc), while XDWH.L tracks MSCI World/Health Care NR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.15% for IHCU.L and 0.25% for XDWH.L.
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