IUCD.L vs. IUHC.L

Last updated Jun 5, 2026

IUCD.L (iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating) and IUHC.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) are both exchange-traded funds - IUCD.L is a Consumer Discretionary Equities fund tracking the S&P 500 Capped 35/20 Consumer Discretionary 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 10 years, IUCD.L returned 12.91%/yr vs 9.20%/yr for IUHC.L. At a 0.46 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.

Performance

IUCD.L vs. IUHC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating (IUCD.L) and iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IUHC.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IUCD.L achieves a -1.04% return, which is significantly higher than IUHC.L's -2.09% return. Over the past 10 years, IUCD.L has outperformed IUHC.L with an annualized return of 12.91%, while IUHC.L has yielded a comparatively lower 9.20% annualized return.

IUCD.L

• 1D: 0.39%
• 1M: -1.36%
• YTD: -1.04%
• 6M: 0.51%
• 1Y: 11.87%
• 3Y*: 16.99%
• 5Y*: 8.11%
• 10Y*: 12.91%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IUCD.L vs. IUHC.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IUCD.L iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating	-1.04%	6.62%	30.82%	43.62%	-37.19%	24.43%	33.47%	26.85%	0.18%	21.18%
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%	22.21%

Correlation

The correlation between IUCD.L and IUHC.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Dec 9, 2015	0.46

Over the past year, the correlation between IUCD.L and IUHC.L has dropped to 0.19 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

IUCD.L vs. IUHC.L - Sectors Allocation Comparison

Sectors	IUCD.L	IUHC.L
Consumer Cyclical	97.7%	-
Communication Services	1.2%	-
Technology	0.8%	-
Industrials	0.1%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	100.0%
Real Estate	-	-
Utilities	-	-

Return for Risk

IUCD.L vs. IUHC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IUCD.L

IUCD.L Risk / Return Rank: 20
IUCD.L Sharpe Ratio Rank: 20
IUCD.L Sortino Ratio Rank: 20
IUCD.L Omega Ratio Rank: 19
IUCD.L Calmar Ratio Rank: 19
IUCD.L Martin Ratio Rank: 21

IUHC.L

IUHC.L Risk / Return Rank: 29
IUHC.L Sharpe Ratio Rank: 29
IUHC.L Sortino Ratio Rank: 30
IUHC.L Omega Ratio Rank: 27
IUHC.L Calmar Ratio Rank: 30
IUHC.L Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IUCD.L vs. IUHC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating (IUCD.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.

	IUCD.L	IUHC.L	Difference
Sharpe ratio: Return per unit of total volatility	0.64	1.00	-0.36
Sortino ratio: Return per unit of downside risk	1.04	1.60	-0.56
Omega ratio: Gain probability vs. loss probability	1.12	1.18	-0.06
Calmar ratio: Return relative to maximum drawdown	0.80	1.43	-0.64
Martin ratio: Return relative to average drawdown	2.40	3.57	-1.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUCD.L vs. IUHC.L - Sharpe Ratio Comparison

The current IUCD.L Sharpe Ratio is 0.64, which is lower than the IUHC.L Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of IUCD.L and IUHC.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IUCD.L	IUHC.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	1.00	-0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.39	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.58	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.56	+0.06

Drawdowns

IUCD.L vs. IUHC.L - Drawdown Comparison

The maximum IUCD.L drawdown since its inception was -40.70%, which is greater than IUHC.L's maximum drawdown of -27.44%. Use the drawdown chart below to compare losses from any high point for IUCD.L and IUHC.L.

Drawdown Indicators

	IUCD.L	IUHC.L	Difference
Max Drawdown Largest peak-to-trough decline	-40.70%	-27.44%	-13.26%
Max Drawdown (1Y) Largest decline over 1 year	-14.86%	-10.44%	-4.42%
Max Drawdown (3Y) Largest decline over 3 years	-26.70%	-17.63%	-9.07%
Max Drawdown (5Y) Largest decline over 5 years	-40.70%	-17.63%	-23.07%
Max Drawdown (10Y) Largest decline over 10 years	-40.70%	-27.44%	-13.26%
Current Drawdown Current decline from peak	-4.75%	-4.57%	-0.18%
Average Drawdown Average peak-to-trough decline	-9.72%	-4.90%	-4.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.93%	4.20%	+0.73%

Volatility

IUCD.L vs. IUHC.L - Volatility Comparison

iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating (IUCD.L) has a higher volatility of 6.25% compared to iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IUHC.L) at 4.89%. This indicates that IUCD.L's price experiences larger fluctuations and is considered to be riskier than IUHC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUCD.L	IUHC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.25%	4.89%	+1.36%
Volatility (6M) Calculated over the trailing 6-month period	14.31%	10.81%	+3.50%
Volatility (1Y) Calculated over the trailing 1-year period	18.42%	15.00%	+3.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.91%	14.82%	+8.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.36%	15.71%	+6.65%

IUCD.L vs. IUHC.L - Expense Ratio Comparison

Both IUCD.L and IUHC.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IUCD.L vs. IUHC.L - Dividend Comparison

Neither IUCD.L nor IUHC.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IUCD.L and IUHC.L in my portfolio?

IUCD.L and IUHC.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IUCD.L or IUHC.L?

Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IUCD.L or IUHC.L?

IUCD.L and IUHC.L have the same expense ratio: 0.15% per year.

What is the main difference between IUCD.L and IUHC.L?

IUCD.L is categorized as Consumer Discretionary Equities, while IUHC.L is Health & Biotech Equities. IUCD.L tracks S&P 500 Capped 35/20 Consumer Discretionary Index, while IUHC.L tracks S&P 500 Capped 35/20 Health Care Index.