KURE.L vs. DOCG.L

Last updated Jun 5, 2026

KURE.L (KraneShares MSCI All China Health Care Index UCITS ETF USD) and DOCG.L (L&G Healthcare Breakthrough UCITS ETF) are both Health & Biotech Equities funds tracking the MSCI World/Health Care NR USD, from MLC Management and Legal & General respectively. Both are passively managed. Over the past year, KURE.L returned -10.89% vs 31.25% for DOCG.L. At a 0.30 correlation, their price movements are largely independent. KURE.L charges 0.65%/yr vs 0.49%/yr for DOCG.L.

Performance

KURE.L vs. DOCG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares MSCI All China Health Care Index UCITS ETF USD (KURE.L) and L&G Healthcare Breakthrough UCITS ETF (DOCG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

KURE.L is traded in USD, while DOCG.L is traded in GBp. To make them comparable, the DOCG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, KURE.L achieves a -10.68% return, which is significantly lower than DOCG.L's 0.30% return.

KURE.L

• 1D: -2.87%
• 1M: -12.38%
• YTD: -10.68%
• 6M: -19.51%
• 1Y: -10.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DOCG.L

• 1D: 5.34%
• 1M: 6.92%
• YTD: 0.30%
• 6M: 0.18%
• 1Y: 31.25%
• 3Y*: 7.02%
• 5Y*: -3.80%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KURE.L vs. DOCG.L - Yearly Performance Comparison

	2026 (YTD)	2025
KURE.L KraneShares MSCI All China Health Care Index UCITS ETF USD	-10.68%	11.52%
DOCG.L L&G Healthcare Breakthrough UCITS ETF	0.30%	33.99%

Correlation

The correlation between KURE.L and DOCG.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	0.30

KURE.L vs. DOCG.L - Sectors Allocation Comparison

Sectors	KURE.L	DOCG.L
Healthcare	98.3%	98.0%
Consumer Defensive	0.9%	-
Basic Materials	0.8%	-
Communication Services	0.0%	-
Consumer Cyclical	0.0%	-
Energy	0.0%	-
Financial Services	0.0%	-
Industrials	0.0%	-
Real Estate	0.0%	-
Technology	0.0%	2.0%
Utilities	0.0%	-

Return for Risk

KURE.L vs. DOCG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KURE.L

KURE.L Risk / Return Rank: 6
KURE.L Sharpe Ratio Rank: 6
KURE.L Sortino Ratio Rank: 6
KURE.L Omega Ratio Rank: 6
KURE.L Calmar Ratio Rank: 6
KURE.L Martin Ratio Rank: 6

DOCG.L

DOCG.L Risk / Return Rank: 43
DOCG.L Sharpe Ratio Rank: 47
DOCG.L Sortino Ratio Rank: 49
DOCG.L Omega Ratio Rank: 44
DOCG.L Calmar Ratio Rank: 42
DOCG.L Martin Ratio Rank: 32

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.

KURE.L vs. DOCG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI All China Health Care Index UCITS ETF USD (KURE.L) and L&G Healthcare Breakthrough UCITS ETF (DOCG.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.

	KURE.L	DOCG.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.33	1.49	-1.82
Sortino ratio: Return per unit of downside risk	-0.28	2.24	-2.52
Omega ratio: Gain probability vs. loss probability	0.97	1.26	-0.29
Calmar ratio: Return relative to maximum drawdown	-0.29	1.81	-2.09
Martin ratio: Return relative to average drawdown	-0.58	4.39	-4.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KURE.L vs. DOCG.L - Sharpe Ratio Comparison

The current KURE.L Sharpe Ratio is -0.33, which is lower than the DOCG.L Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of KURE.L and DOCG.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.

Sharpe Ratios by Period

	KURE.L	DOCG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.33	1.49	-1.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.25	-0.27

Drawdowns

KURE.L vs. DOCG.L - Drawdown Comparison

The maximum KURE.L drawdown since its inception was -30.31%, smaller than the maximum DOCG.L drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for KURE.L and DOCG.L.

Drawdown Indicators

	KURE.L	DOCG.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.31%	-57.50%	+27.19%
Max Drawdown (1Y) Largest decline over 1 year	-30.31%	-17.23%	-13.08%
Max Drawdown (3Y) Largest decline over 3 years	—	-28.60%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-55.69%	—
Current Drawdown Current decline from peak	-30.31%	-29.91%	-0.40%
Average Drawdown Average peak-to-trough decline	-11.49%	-30.73%	+19.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.98%	7.10%	+7.88%

Volatility

KURE.L vs. DOCG.L - Volatility Comparison

KraneShares MSCI All China Health Care Index UCITS ETF USD (KURE.L) and L&G Healthcare Breakthrough UCITS ETF (DOCG.L) have volatilities of 7.23% and 7.12%, 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.

Volatility by Period

	KURE.L	DOCG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.23%	7.12%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	18.31%	16.03%	+2.28%
Volatility (1Y) Calculated over the trailing 1-year period	26.92%	20.85%	+6.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.64%	23.79%	+2.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.64%	25.32%	+1.32%

KURE.L vs. DOCG.L - Expense Ratio Comparison

KURE.L has a 0.65% expense ratio, which is higher than DOCG.L's 0.49% expense ratio.

Dividends

KURE.L vs. DOCG.L - Dividend Comparison

Neither KURE.L nor DOCG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both KURE.L and DOCG.L in my portfolio?

KURE.L and DOCG.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KURE.L or DOCG.L?

On fees, DOCG.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KURE.L or DOCG.L?

DOCG.L is cheaper with a 0.49% expense ratio, compared with 0.65% for KURE.L.

What is the main difference between KURE.L and DOCG.L?

Both ETFs track MSCI World/Health Care NR USD. They also come from different issuers: MLC Management and Legal & General. Their fees differ too: 0.65% for KURE.L and 0.49% for DOCG.L.