IHCU.L vs. XLVP.L
IHCU.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) and XLVP.L (Invesco US Health Care Sector UCITS ETF) are both Health & Biotech Equities funds - IHCU.L tracks the iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) while XLVP.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 9.21%/yr for XLVP.L. With a 0.98 correlation, they move nearly in lockstep. IHCU.L charges 0.15%/yr vs 0.14%/yr for XLVP.L.
Performance
IHCU.L vs. XLVP.L - Performance Comparison
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Returns By Period
In the year-to-date period, IHCU.L achieves a 3.10% return, which is significantly higher than XLVP.L's 2.65% return. Both investments have delivered pretty close results over the past 10 years, with IHCU.L having a 9.36% annualized return and XLVP.L not far behind at 9.21%.
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%
XLVP.L
- 1D
- -0.15%
- 1M
- 3.82%
- 6M
- 1.46%
- YTD
- 2.65%
- 1Y
- 20.58%
- 3Y*
- 7.03%
- 5Y*
- 6.17%
- 10Y*
- 9.21%
IHCU.L vs. XLVP.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% |
XLVP.L Invesco US Health Care Sector UCITS ETF | 2.65% | 6.91% | 3.77% | -3.87% | 8.97% | 29.14% | 8.22% | 16.79% | 10.28% | 11.01% |
Correlation
The correlation between IHCU.L and XLVP.L is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.98 |
The correlation between IHCU.L and XLVP.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
IHCU.L vs. XLVP.L — Risk / Return Rank
IHCU.L
XLVP.L
IHCU.L vs. XLVP.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 Invesco US Health Care Sector UCITS ETF (XLVP.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 | XLVP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.77 | +0.02 |
| Martin ratioReturn relative to average drawdown | 4.47 | 4.42 | +0.06 |
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Drawdowns
IHCU.L vs. XLVP.L - Drawdown Comparison
The maximum IHCU.L drawdown since its inception was -38.44%, which is greater than XLVP.L's maximum drawdown of -19.67%. Use the drawdown chart below to compare losses from any high point for IHCU.L and XLVP.L.
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Drawdown Indicators
| IHCU.L | XLVP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.44% | -19.67% | -18.77% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -11.56% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -23.98% | -19.67% | -4.31% |
Max Drawdown (5Y)Largest decline over 5 years | -23.98% | -19.67% | -4.31% |
Max Drawdown (10Y)Largest decline over 10 years | -23.98% | -19.67% | -4.31% |
Current DrawdownCurrent decline from peak | -4.34% | -4.32% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -9.78% | -4.61% | -5.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.63% | 4.65% | -0.02% |
Volatility
IHCU.L vs. XLVP.L - Volatility Comparison
iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IHCU.L) and Invesco US Health Care Sector UCITS ETF (XLVP.L) have volatilities of 5.45% and 5.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHCU.L | XLVP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 5.57% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 11.14% | 11.12% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 15.30% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.31% | 14.42% | +5.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.55% | 15.67% | +2.88% |
IHCU.L vs. XLVP.L - Expense Ratio Comparison
IHCU.L has a 0.15% expense ratio, which is higher than XLVP.L's 0.14% expense ratio. However, 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. XLVP.L - Dividend Comparison
Neither IHCU.L nor XLVP.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, IHCU.L and XLVP.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, XLVP.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLVP.L is cheaper with a 0.14% expense ratio, compared with 0.15% for IHCU.L.
IHCU.L tracks iShares S&P 500 Health Care Sector UCITS ETF USD (Acc), while XLVP.L tracks MSCI World/Health Care NR USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.15% for IHCU.L and 0.14% for XLVP.L.
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