IUAA.L vs. IUHC.L
IUAA.L (iShares US Aggregate Bond UCITS ETF USD Acc) and IUHC.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) are both exchange-traded funds - IUAA.L is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index, while IUHC.L is a Health & Biotech Equities fund tracking the S&P 500 Capped 35/20 Health Care Index. Both are passively managed. Over the past 5 years, IUAA.L returned -0.05%/yr vs 5.75%/yr for IUHC.L. At a 0.07 correlation, their price movements are largely independent. IUAA.L charges 0.25%/yr vs 0.15%/yr for IUHC.L.
Performance
IUAA.L vs. IUHC.L - Performance Comparison
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Returns By Period
In the year-to-date period, IUAA.L achieves a -0.10% return, which is significantly higher than IUHC.L's -2.09% return.
IUAA.L
- 1D
- 0.33%
- 1M
- 0.12%
- YTD
- -0.10%
- 6M
- 0.49%
- 1Y
- 4.66%
- 3Y*
- 3.74%
- 5Y*
- -0.05%
- 10Y*
- —
IUHC.L
- 1D
- 3.00%
- 1M
- 4.72%
- YTD
- -2.09%
- 6M
- -0.45%
- 1Y
- 15.03%
- 3Y*
- 6.58%
- 5Y*
- 5.75%
- 10Y*
- 9.20%
IUAA.L vs. IUHC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUAA.L iShares US Aggregate Bond UCITS ETF USD Acc | -0.10% | 7.27% | 1.28% | 4.87% | -12.82% | -2.02% | 7.08% | 8.70% | -0.38% | 1.62% |
IUHC.L iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) | -2.09% | 14.67% | 2.16% | 1.72% | -2.63% | 27.58% | 11.93% | 20.60% | 4.44% | 13.63% |
Correlation
The correlation between IUAA.L and IUHC.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2017 | 0.07 |
The correlation between IUAA.L and IUHC.L shifts across timeframes, from 0.07 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IUAA.L vs. IUHC.L — Risk / Return Rank
IUAA.L
IUHC.L
IUAA.L vs. IUHC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Aggregate Bond UCITS ETF USD Acc (IUAA.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.
| IUAA.L | IUHC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.18 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.43 | +0.10 |
| Martin ratioReturn relative to average drawdown | 4.92 | 3.57 | +1.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IUAA.L | IUHC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 1.00 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.39 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.56 | -0.28 |
Drawdowns
IUAA.L vs. IUHC.L - Drawdown Comparison
The maximum IUAA.L drawdown since its inception was -19.02%, smaller than the maximum IUHC.L drawdown of -27.44%. Use the drawdown chart below to compare losses from any high point for IUAA.L and IUHC.L.
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Drawdown Indicators
| IUAA.L | IUHC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.02% | -27.44% | +8.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -10.44% | +7.41% |
Max Drawdown (3Y)Largest decline over 3 years | -5.90% | -17.63% | +11.73% |
Max Drawdown (5Y)Largest decline over 5 years | -18.11% | -17.63% | -0.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.44% | — |
Current DrawdownCurrent decline from peak | -3.38% | -4.57% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -5.58% | -4.90% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 4.20% | -3.25% |
Volatility
IUAA.L vs. IUHC.L - Volatility Comparison
The current volatility for iShares US Aggregate Bond UCITS ETF USD Acc (IUAA.L) is 1.61%, while iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IUHC.L) has a volatility of 4.89%. This indicates that IUAA.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
| IUAA.L | IUHC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 4.89% | -3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 10.81% | -7.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.91% | 15.00% | -11.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.99% | 14.82% | -8.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.30% | 15.71% | -10.41% |
IUAA.L vs. IUHC.L - Expense Ratio Comparison
IUAA.L has a 0.25% expense ratio, which is higher than IUHC.L's 0.15% 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
IUAA.L vs. IUHC.L - Dividend Comparison
Neither IUAA.L nor IUHC.L has paid dividends to shareholders.
Frequently Asked Questions
IUAA.L and IUHC.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUHC.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUHC.L is cheaper with a 0.15% expense ratio, compared with 0.25% for IUAA.L.
IUAA.L is categorized as Total Bond Market, while IUHC.L is Health & Biotech Equities. IUAA.L tracks Bloomberg US Aggregate Bond Index, while IUHC.L tracks S&P 500 Capped 35/20 Health Care Index. Their fees differ too: 0.25% for IUAA.L and 0.15% for IUHC.L.
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