IUHC.L vs. IHCU.L
IUHC.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) and IHCU.L (iShares S&P 500 Health Care Sector 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 IHCU.L tracks the iShares S&P 500 Health Care Sector UCITS ETF USD (Acc). Both are passively managed. Over the past 10 years, IUHC.L returned 9.45%/yr vs 9.54%/yr for IHCU.L. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
IUHC.L vs. IHCU.L - Performance Comparison
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Different Trading Currencies
IUHC.L is traded in USD, while IHCU.L is traded in GBp. To make them comparable, the IHCU.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUHC.L achieves a 2.89% return, which is significantly lower than IHCU.L's 3.24% return. Both investments have delivered pretty close results over the past 10 years, with IUHC.L having a 9.45% annualized return and IHCU.L not far ahead at 9.54%.
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%
IHCU.L
- 1D
- 0.00%
- 1M
- 4.56%
- 6M
- 2.21%
- YTD
- 3.24%
- 1Y
- 21.72%
- 3Y*
- 8.23%
- 5Y*
- 5.83%
- 10Y*
- 9.54%
IUHC.L vs. IHCU.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% | 22.16% |
IHCU.L iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) | 3.24% | 14.83% | 2.22% | 1.18% | -2.66% | 27.98% | 11.40% | 21.58% | 4.18% | 21.90% |
Correlation
The correlation between IUHC.L and IHCU.L is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.92 |
The correlation between IUHC.L and IHCU.L has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
IUHC.L vs. IHCU.L — Risk / Return Rank
IUHC.L
IHCU.L
IUHC.L vs. IHCU.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 S&P 500 Health Care Sector UCITS ETF USD (Acc) (IHCU.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 | IHCU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 2.00 | +0.04 |
| Martin ratioReturn relative to average drawdown | 5.06 | 4.97 | +0.10 |
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Drawdowns
IUHC.L vs. IHCU.L - Drawdown Comparison
The maximum IUHC.L drawdown since its inception was -27.44%, smaller than the maximum IHCU.L drawdown of -41.33%. Use the drawdown chart below to compare losses from any high point for IUHC.L and IHCU.L.
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Drawdown Indicators
| IUHC.L | IHCU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.44% | -41.33% | +13.89% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -10.55% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -19.50% | +1.88% |
Max Drawdown (5Y)Largest decline over 5 years | -17.62% | -19.50% | +1.88% |
Max Drawdown (10Y)Largest decline over 10 years | -27.44% | -27.15% | -0.29% |
Current DrawdownCurrent decline from peak | -3.39% | -3.08% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -12.57% | +7.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | 4.27% | -0.06% |
Volatility
IUHC.L vs. IHCU.L - Volatility Comparison
iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IUHC.L) has a higher volatility of 5.97% compared to iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IHCU.L) at 5.42%. This indicates that IUHC.L's price experiences larger fluctuations and is considered to be riskier than IHCU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUHC.L | IHCU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.97% | 5.42% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | 11.35% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.58% | 15.09% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 20.58% | -5.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 18.62% | -2.85% |
IUHC.L vs. IHCU.L - Expense Ratio Comparison
Both IUHC.L and IHCU.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
IUHC.L vs. IHCU.L - Dividend Comparison
Neither IUHC.L nor IHCU.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, IUHC.L and IHCU.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.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IUHC.L and IHCU.L have the same expense ratio: 0.15% per year.
IUHC.L tracks S&P 500 Capped 35/20 Health Care Index, while IHCU.L tracks iShares S&P 500 Health Care Sector UCITS ETF USD (Acc).
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