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

IUHC.L vs. XLVS.L

Last updated Jun 5, 2026

IUHC.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) and XLVS.L (Invesco Health Care S&P US Select Sector UCITS ETF Acc) are both Health & Biotech Equities funds - IUHC.L tracks the S&P 500 Capped 35/20 Health Care Index while XLVS.L tracks the S&P® Select Sector Capped 20% Health Care Index. Both are passively managed. Over the past 10 years, IUHC.L returned 9.20%/yr vs 9.17%/yr for XLVS.L. With a 0.99 correlation, they move nearly in lockstep. IUHC.L charges 0.15%/yr vs 0.14%/yr for XLVS.L.

Performance

IUHC.L vs. XLVS.L - 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 Invesco Health Care S&P US Select Sector UCITS ETF Acc (XLVS.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with IUHC.L having a -2.09% return and XLVS.L slightly lower at -2.10%. Both investments have delivered pretty close results over the past 10 years, with IUHC.L having a 9.20% annualized return and XLVS.L not far behind at 9.17%.

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%

XLVS.L

1D
3.00%
1M
4.80%
YTD
-2.10%
6M
-0.58%
1Y
15.13%
3Y*
6.54%
5Y*
5.76%
10Y*
9.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
XLVS.L
Invesco Health Care S&P US Select Sector UCITS ETF Acc		-2.10%14.78%2.15%1.56%-2.62%27.57%12.04%20.54%4.30%21.93%

Correlation

The correlation between IUHC.L and XLVS.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

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

0.99

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

0.99

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

0.99

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

0.99

Correlation (All Time)
Calculated using the full available price history since Nov 24, 2015

0.99

The correlation between IUHC.L and XLVS.L has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

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

Sectors
IUHC.L
XLVS.L

Healthcare

100.0%
100.0%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Healthcare

IUHC.L
100.0%
XLVS.L
100.0%

Basic Materials

IUHC.L

-

XLVS.L

-

Communication Services

IUHC.L

-

XLVS.L

-

Consumer Cyclical

IUHC.L

-

XLVS.L

-

Consumer Defensive

IUHC.L

-

XLVS.L

-

Energy

IUHC.L

-

XLVS.L

-

Financial Services

IUHC.L

-

XLVS.L

-

Industrials

IUHC.L

-

XLVS.L

-

Real Estate

IUHC.L

-

XLVS.L

-

Technology

IUHC.L

-

XLVS.L

-

Utilities

IUHC.L

-

XLVS.L

-

Compare stocks, funds, or ETFs

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

Invesco Health Care S&P US Select Sector UCITS ETF Acc

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. LHTC.DE
Often compared with XLVS.L:
XLVS.L vs. GLDXLVS.L vs. XLVP.LXLVS.L vs. IGLN.LXLVS.L vs. QTOPXLVS.L vs. CSPX.LXLVS.L vs. IHYA.LXLVS.L vs. XDEV.DE

Return for Risk

IUHC.L vs. XLVS.L — 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: 2929
Overall Rank
IUHC.L Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
IUHC.L Sortino Ratio Rank: 3030
Sortino Ratio Rank
IUHC.L Omega Ratio Rank: 2727
Omega Ratio Rank
IUHC.L Calmar Ratio Rank: 3030
Calmar Ratio Rank
IUHC.L Martin Ratio Rank: 2727
Martin Ratio Rank
XLVS.L
XLVS.L Risk / Return Rank: 2828
Overall Rank
XLVS.L Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
XLVS.L Sortino Ratio Rank: 3030
Sortino Ratio Rank
XLVS.L Omega Ratio Rank: 2626
Omega Ratio Rank
XLVS.L Calmar Ratio Rank: 3030
Calmar Ratio Rank
XLVS.L Martin Ratio Rank: 2626
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. XLVS.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 Invesco Health Care S&P US Select Sector UCITS ETF Acc (XLVS.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.

IUHC.LXLVS.LDifference
Sharpe ratioReturn per unit of total volatility
1.00
1.00

0.00

Sortino ratioReturn per unit of downside risk
1.60
1.61

-0.01

Omega ratioGain probability vs. loss probability

1.18

1.18

0.00

Calmar ratioReturn relative to maximum drawdown

1.43

1.44

-0.01

Martin ratioReturn relative to average drawdown

3.57

3.56

+0.01

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current IUHC.L Sharpe Ratio is 1.00, which is comparable to the XLVS.L Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of IUHC.L and XLVS.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.

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Sharpe Ratios by Period

IUHC.LXLVS.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.00

1.00

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.39

0.39

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

0.59

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.64

-0.07

Drawdowns

IUHC.L vs. XLVS.L - Drawdown Comparison

The maximum IUHC.L drawdown since its inception was -27.44%, roughly equal to the maximum XLVS.L drawdown of -26.88%. Use the drawdown chart below to compare losses from any high point for IUHC.L and XLVS.L.

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Drawdown Indicators

IUHC.LXLVS.LDifference

Max Drawdown

Largest peak-to-trough decline

-27.44%

-26.88%

-0.56%

Max Drawdown (1Y)

Largest decline over 1 year

-10.44%

-10.45%

+0.01%

Max Drawdown (3Y)

Largest decline over 3 years

-17.63%

-17.56%

-0.07%

Max Drawdown (5Y)

Largest decline over 5 years

-17.63%

-17.56%

-0.07%

Max Drawdown (10Y)

Largest decline over 10 years

-27.44%

-26.88%

-0.56%

Current Drawdown

Current decline from peak

-4.57%

-4.62%

+0.05%

Average Drawdown

Average peak-to-trough decline

-4.90%

-4.88%

-0.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.20%

4.24%

-0.04%

Volatility

IUHC.L vs. XLVS.L - Volatility Comparison

iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IUHC.L) and Invesco Health Care S&P US Select Sector UCITS ETF Acc (XLVS.L) have volatilities of 4.89% and 4.89%, 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.LXLVS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.89%

4.89%

0.00%

Volatility (6M)

Calculated over the trailing 6-month period

10.81%

10.78%

+0.03%

Volatility (1Y)

Calculated over the trailing 1-year period

15.00%

15.07%

-0.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.82%

14.74%

+0.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.71%

15.53%

+0.18%

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

IUHC.L has a 0.15% expense ratio, which is higher than XLVS.L's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IUHC.L vs. XLVS.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.99, IUHC.L and XLVS.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, XLVS.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XLVS.L is cheaper with a 0.14% expense ratio, compared with 0.15% for IUHC.L.

IUHC.L tracks S&P 500 Capped 35/20 Health Care Index, while XLVS.L tracks S&P® Select Sector Capped 20% Health Care Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.15% for IUHC.L and 0.14% for XLVS.L.

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