IUHC.L vs. WHEA.L
IUHC.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) and WHEA.L (State Street SPDR MSCI World Health Care UCITS ETF) are both Health & Biotech Equities funds - IUHC.L tracks the S&P 500 Capped 35/20 Health Care Index while WHEA.L tracks the State Street SPDR MSCI World Health Care UCITS ETF. Both are passively managed. Over the past 10 years, IUHC.L returned 9.45%/yr vs 8.14%/yr for WHEA.L. Their correlation of 0.93 suggests significant overlap in exposure. IUHC.L charges 0.15%/yr vs 0.30%/yr for WHEA.L.
Performance
IUHC.L vs. WHEA.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 higher than WHEA.L's 1.40% return. Over the past 10 years, IUHC.L has outperformed WHEA.L with an annualized return of 9.45%, while WHEA.L has yielded a comparatively lower 8.14% annualized 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%
WHEA.L
- 1D
- 0.44%
- 1M
- 3.82%
- 6M
- -0.33%
- YTD
- 1.40%
- 1Y
- 17.80%
- 3Y*
- 7.00%
- 5Y*
- 4.42%
- 10Y*
- 8.14%
IUHC.L vs. WHEA.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% |
WHEA.L State Street SPDR MSCI World Health Care UCITS ETF | 1.40% | 15.24% | 1.05% | 3.54% | -5.55% | 20.41% | 12.93% | 23.18% | 1.48% | 20.27% |
Correlation
The correlation between IUHC.L and WHEA.L is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.93 |
The correlation between IUHC.L and WHEA.L has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
IUHC.L vs. WHEA.L — Risk / Return Rank
IUHC.L
WHEA.L
IUHC.L vs. WHEA.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 State Street SPDR MSCI World Health Care UCITS ETF (WHEA.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 | WHEA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.20 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 1.63 | +0.42 |
| Martin ratioReturn relative to average drawdown | 5.06 | 3.96 | +1.10 |
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Drawdowns
IUHC.L vs. WHEA.L - Drawdown Comparison
The maximum IUHC.L drawdown since its inception was -27.44%, roughly equal to the maximum WHEA.L drawdown of -26.20%. Use the drawdown chart below to compare losses from any high point for IUHC.L and WHEA.L.
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Drawdown Indicators
| IUHC.L | WHEA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.44% | -26.20% | -1.24% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -10.35% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -19.16% | +1.54% |
Max Drawdown (5Y)Largest decline over 5 years | -17.62% | -19.16% | +1.54% |
Max Drawdown (10Y)Largest decline over 10 years | -27.44% | -26.20% | -1.24% |
Current DrawdownCurrent decline from peak | -3.39% | -3.30% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -4.76% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | 4.27% | -0.06% |
Volatility
IUHC.L vs. WHEA.L - Volatility Comparison
iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IUHC.L) and State Street SPDR MSCI World Health Care UCITS ETF (WHEA.L) have volatilities of 5.97% and 5.90%, 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 | WHEA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.97% | 5.90% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | 11.52% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.58% | 15.11% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 14.27% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 14.73% | +1.04% |
IUHC.L vs. WHEA.L - Expense Ratio Comparison
IUHC.L has a 0.15% expense ratio, which is lower than WHEA.L's 0.30% expense ratio.
Dividends
IUHC.L vs. WHEA.L - Dividend Comparison
Neither IUHC.L nor WHEA.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, IUHC.L and WHEA.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.
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 0.30% for WHEA.L.
IUHC.L tracks S&P 500 Capped 35/20 Health Care Index, while WHEA.L tracks State Street SPDR MSCI World Health Care UCITS ETF. They also come from different issuers: iShares and State Street. Their fees differ too: 0.15% for IUHC.L and 0.30% for WHEA.L.
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