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IUHC.L vs. GRID
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IUHC.L vs. GRID

Last updated Jun 13, 2026

IUHC.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - IUHC.L is a Health & Biotech Equities fund tracking the S&P 500 Capped 35/20 Health Care Index, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past 10 years, IUHC.L returned 9.60%/yr vs 19.76%/yr for GRID. At a 0.30 correlation, their price movements are largely independent. IUHC.L charges 0.15%/yr vs 0.70%/yr for GRID.

Performance

IUHC.L vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IUHC.L) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IUHC.L achieves a -0.88% return, which is significantly lower than GRID's 23.59% return. Over the past 10 years, IUHC.L has underperformed GRID with an annualized return of 9.60%, while GRID has yielded a comparatively higher 19.76% annualized return.

IUHC.L

1D
-0.08%
1M
5.46%
YTD
-0.88%
6M
0.57%
1Y
14.44%
3Y*
6.86%
5Y*
5.75%
10Y*
9.60%

GRID

1D
-0.18%
1M
-4.18%
YTD
23.59%
6M
24.02%
1Y
41.72%
3Y*
23.21%
5Y*
16.83%
10Y*
19.76%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IUHC.L vs. GRID - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IUHC.L
iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)		-0.88%14.72%2.16%1.72%-2.63%27.58%11.93%20.55%4.52%22.16%
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund		23.59%29.65%15.18%21.57%-13.89%27.65%48.84%42.80%-22.69%27.44%

Correlation

The correlation between IUHC.L and GRID is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.08

Correlation (3Y)
Calculated over the trailing 3-year period

0.17

Correlation (5Y)
Calculated over the trailing 5-year period

0.25

Correlation (10Y)
Calculated over the trailing 10-year period

0.30

Correlation (All Time)
Calculated using the full available price history since Nov 20, 2015

0.30

Over the past year, the correlation between IUHC.L and GRID has dropped to 0.08 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.

IUHC.L vs. GRID - Sectors Allocation Comparison

Sectors
IUHC.L
GRID

Healthcare

100.0%

-

Basic Materials

-

0.0%

Communication Services

-

-

Consumer Cyclical

-

3.5%

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Industrials

-

65.2%

Real Estate

-

-

Technology

-

11.0%

Utilities

-

20.4%

Healthcare

IUHC.L
100.0%
GRID

-

Basic Materials

IUHC.L

-

GRID
0.0%

Communication Services

IUHC.L

-

GRID

-

Consumer Cyclical

IUHC.L

-

GRID
3.5%

Consumer Defensive

IUHC.L

-

GRID

-

Energy

IUHC.L

-

GRID

-

Financial Services

IUHC.L

-

GRID

-

Industrials

IUHC.L

-

GRID
65.2%

Real Estate

IUHC.L

-

GRID

-

Technology

IUHC.L

-

GRID
11.0%

Utilities

IUHC.L

-

GRID
20.4%

Compare stocks, funds, or ETFs

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iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Often compared with IUHC.L:
IUHC.L vs. XDWH.LIUHC.L vs. XLVIUHC.L vs. HEAL.LIUHC.L vs. VHTIUHC.L vs. HEAW.LIUHC.L vs. HEAE.LIUHC.L vs. CH5.L
Often compared with GRID:
GRID vs. ICLNGRID vs. NLRGRID vs. VOOGRID vs. POWRGRID vs. FIWGRID vs. VOLTGRID vs. QCLN

Return for Risk

IUHC.L vs. GRID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IUHC.L
IUHC.L Risk / Return Rank: 3030
Overall Rank
IUHC.L Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
IUHC.L Sortino Ratio Rank: 3232
Sortino Ratio Rank
IUHC.L Omega Ratio Rank: 2828
Omega Ratio Rank
IUHC.L Calmar Ratio Rank: 3232
Calmar Ratio Rank
IUHC.L Martin Ratio Rank: 2828
Martin Ratio Rank
GRID
GRID Risk / Return Rank: 7373
Overall Rank
GRID Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
GRID Sortino Ratio Rank: 6969
Sortino Ratio Rank
GRID Omega Ratio Rank: 6969
Omega Ratio Rank
GRID Calmar Ratio Rank: 7979
Calmar Ratio Rank
GRID Martin Ratio Rank: 7878
Martin Ratio Rank
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.

IUHC.L vs. GRID - 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 First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). 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.LGRIDDifference
Sharpe ratioReturn per unit of total volatility
0.96
2.02

-1.07

Sortino ratioReturn per unit of downside risk
1.54
2.70

-1.16

Omega ratioGain probability vs. loss probability

1.17

1.35

-0.18

Calmar ratioReturn relative to maximum drawdown

1.38

3.57

-2.19

Martin ratioReturn relative to average drawdown

3.41

12.89

-9.48

IUHC.L vs. GRID - Sharpe Ratio Comparison

The current IUHC.L Sharpe Ratio is 0.96, which is lower than the GRID Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of IUHC.L and GRID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IUHC.L vs. GRID - Drawdown Comparison

The maximum IUHC.L drawdown since its inception was -27.44%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for IUHC.L and GRID.

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Drawdown Indicators

IUHC.LGRIDDifference

Max Drawdown

Largest peak-to-trough decline

-27.44%

-40.56%

+13.12%

Max Drawdown (1Y)

Largest decline over 1 year

-10.40%

-11.73%

+1.33%

Max Drawdown (3Y)

Largest decline over 3 years

-17.62%

-20.77%

+3.15%

Max Drawdown (5Y)

Largest decline over 5 years

-17.62%

-29.64%

+12.02%

Max Drawdown (10Y)

Largest decline over 10 years

-27.44%

-40.56%

+13.12%

Current Drawdown

Current decline from peak

-3.36%

-5.40%

+2.04%

Average Drawdown

Average peak-to-trough decline

-4.90%

-8.42%

+3.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.20%

3.25%

+0.95%

Volatility

IUHC.L vs. GRID - Volatility Comparison

The current volatility for iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IUHC.L) is 4.95%, while First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a volatility of 9.56%. This indicates that IUHC.L experiences smaller price fluctuations and is considered to be less risky than GRID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IUHC.LGRIDDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.95%

9.56%

-4.61%

Volatility (6M)

Calculated over the trailing 6-month period

10.82%

17.70%

-6.88%

Volatility (1Y)

Calculated over the trailing 1-year period

15.05%

20.73%

-5.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.80%

21.24%

-6.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.74%

22.90%

-7.16%

IUHC.L vs. GRID - Expense Ratio Comparison

IUHC.L has a 0.15% expense ratio, which is lower than GRID's 0.70% expense ratio.

Dividends

IUHC.L vs. GRID - Dividend Comparison

IUHC.L has not paid dividends to shareholders, while GRID's dividend yield for the trailing twelve months is around 0.80%.

PositionTTM20252024202320222021202020192018201720162015
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund		0.80%1.01%1.06%1.23%1.26%0.63%0.68%1.26%1.28%1.07%1.07%1.23%
IUHC.L
iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IUHC.L and GRID have a correlation of 0.08, 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 0.70% for GRID.

IUHC.L is categorized as Health & Biotech Equities, while GRID is Alternative Energy Equities. IUHC.L tracks S&P 500 Capped 35/20 Health Care Index, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.15% for IUHC.L and 0.70% for GRID.

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