IUHC.L vs. BTEC.L
IUHC.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) and BTEC.L (iShares Nasdaq US Biotechnology UCITS ETF USD (Acc)) are both Health & Biotech Equities funds from iShares - IUHC.L tracks the S&P 500 Capped 35/20 Health Care Index while BTEC.L tracks the NASDAQ Biotechnology NET Index. Both are passively managed. Over the past 5 years, IUHC.L returned 5.73%/yr vs 5.87%/yr for BTEC.L. A 0.66 correlation means they provide meaningful diversification when combined. IUHC.L charges 0.15%/yr vs 0.35%/yr for BTEC.L.
Performance
IUHC.L vs. BTEC.L - Performance Comparison
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Returns By Period
In the year-to-date period, IUHC.L achieves a 2.89% return, which is significantly lower than BTEC.L's 15.22% return.
IUHC.L
- 1D
- 0.47%
- 1M
- 4.22%
- 6M
- 1.83%
- YTD
- 2.89%
- 1Y
- 21.38%
- 3Y*
- 8.05%
- 5Y*
- 5.73%
- 10Y*
- 9.45%
BTEC.L
- 1D
- 0.68%
- 1M
- 9.55%
- 6M
- 13.18%
- YTD
- 15.22%
- 1Y
- 50.31%
- 3Y*
- 16.99%
- 5Y*
- 5.87%
- 10Y*
- —
IUHC.L vs. BTEC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUHC.L iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) | 2.89% | 14.72% | 2.16% | 1.72% | -2.63% | 27.58% | 11.93% | 20.55% | 4.52% | 0.51% |
BTEC.L iShares Nasdaq US Biotechnology UCITS ETF USD (Acc) | 15.22% | 32.96% | -2.04% | 6.22% | -11.92% | -0.49% | 27.40% | 25.57% | -11.22% | -3.31% |
Correlation
The correlation between IUHC.L and BTEC.L is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2017 | 0.66 |
The correlation between IUHC.L and BTEC.L has been stable across timeframes, ranging from 0.62 to 0.67 - a consistent structural relationship.
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Return for Risk
IUHC.L vs. BTEC.L — Risk / Return Rank
IUHC.L
BTEC.L
IUHC.L vs. BTEC.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) (IUHC.L) and iShares Nasdaq US Biotechnology UCITS ETF USD (Acc) (BTEC.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.
| IUHC.L | BTEC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.39 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 6.22 | -4.17 |
| Martin ratioReturn relative to average drawdown | 5.06 | 19.15 | -14.08 |
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Drawdowns
IUHC.L vs. BTEC.L - Drawdown Comparison
The maximum IUHC.L drawdown since its inception was -27.44%, smaller than the maximum BTEC.L drawdown of -38.42%. Use the drawdown chart below to compare losses from any high point for IUHC.L and BTEC.L.
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Drawdown Indicators
| IUHC.L | BTEC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.44% | -38.42% | +10.98% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -7.94% | -2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -26.74% | +9.12% |
Max Drawdown (5Y)Largest decline over 5 years | -17.62% | -38.42% | +20.80% |
Max Drawdown (10Y)Largest decline over 10 years | -27.44% | — | — |
Current DrawdownCurrent decline from peak | -3.39% | -3.87% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -13.22% | +8.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | 2.58% | +1.63% |
Volatility
IUHC.L vs. BTEC.L - Volatility Comparison
iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IUHC.L) and iShares Nasdaq US Biotechnology UCITS ETF USD (Acc) (BTEC.L) have volatilities of 5.97% and 5.91%, 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
| IUHC.L | BTEC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.97% | 5.91% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | 15.67% | -4.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.58% | 20.42% | -4.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 21.39% | -6.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 22.37% | -6.60% |
IUHC.L vs. BTEC.L - Expense Ratio Comparison
IUHC.L has a 0.15% expense ratio, which is lower than BTEC.L's 0.35% expense ratio.
Dividends
IUHC.L vs. BTEC.L - Dividend Comparison
Neither IUHC.L nor BTEC.L has paid dividends to shareholders.
Frequently Asked Questions
IUHC.L and BTEC.L have a correlation of 0.67, 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 0.35% for BTEC.L.
IUHC.L tracks S&P 500 Capped 35/20 Health Care Index, while BTEC.L tracks NASDAQ Biotechnology NET Index. Their fees differ too: 0.15% for IUHC.L and 0.35% for BTEC.L.
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