MVOL.L vs. WHCS.AS
MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) and WHCS.AS (iShares MSCI World Health Care Sector UCITS ETF USD Inc) are both exchange-traded funds - MVOL.L is a Global Equities fund tracking the MSCI ACWI NR USD, while WHCS.AS is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 5 years, MVOL.L returned 5.18%/yr vs 3.72%/yr for WHCS.AS. A 0.76 correlation means they provide meaningful diversification when combined. MVOL.L charges 0.35%/yr vs 1.00%/yr for WHCS.AS.
Performance
MVOL.L vs. WHCS.AS - Performance Comparison
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Returns By Period
In the year-to-date period, MVOL.L achieves a 0.67% return, which is significantly higher than WHCS.AS's -3.10% return.
MVOL.L
- 1D
- 0.04%
- 1M
- 0.76%
- YTD
- 0.67%
- 6M
- 1.44%
- 1Y
- 1.44%
- 3Y*
- 9.30%
- 5Y*
- 5.18%
- 10Y*
- 7.05%
WHCS.AS
- 1D
- 2.89%
- 1M
- 3.09%
- YTD
- -3.10%
- 6M
- -1.69%
- 1Y
- 9.26%
- 3Y*
- 3.43%
- 5Y*
- 3.72%
- 10Y*
- —
MVOL.L vs. WHCS.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | 0.67% | 11.02% | 11.08% | 7.28% | -9.62% | 14.65% | 2.56% | 1.91% |
WHCS.AS iShares MSCI World Health Care Sector UCITS ETF USD Inc | -3.10% | 15.82% | -5.39% | 3.78% | -3.40% | 20.66% | 13.10% | 11.49% |
Correlation
The correlation between MVOL.L and WHCS.AS is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2019 | 0.76 |
The correlation between MVOL.L and WHCS.AS shifts across timeframes, from 0.62 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MVOL.L vs. WHCS.AS — Risk / Return Rank
MVOL.L
WHCS.AS
MVOL.L vs. WHCS.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) and iShares MSCI World Health Care Sector UCITS ETF USD Inc (WHCS.AS). 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.
| MVOL.L | WHCS.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.12 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 0.86 | -0.62 |
| Martin ratioReturn relative to average drawdown | 0.61 | 2.06 | -1.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MVOL.L | WHCS.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.19 | 0.63 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.25 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.47 | +0.26 |
Drawdowns
MVOL.L vs. WHCS.AS - Drawdown Comparison
The maximum MVOL.L drawdown since its inception was -28.82%, which is greater than WHCS.AS's maximum drawdown of -26.37%. Use the drawdown chart below to compare losses from any high point for MVOL.L and WHCS.AS.
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Drawdown Indicators
| MVOL.L | WHCS.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.82% | -26.37% | -2.45% |
Max Drawdown (1Y)Largest decline over 1 year | -5.78% | -10.59% | +4.81% |
Max Drawdown (3Y)Largest decline over 3 years | -8.14% | -19.71% | +11.57% |
Max Drawdown (5Y)Largest decline over 5 years | -18.52% | -19.71% | +1.19% |
Max Drawdown (10Y)Largest decline over 10 years | -28.82% | — | — |
Current DrawdownCurrent decline from peak | -3.86% | -5.71% | +1.85% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -5.57% | +2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 4.47% | -2.11% |
Volatility
MVOL.L vs. WHCS.AS - Volatility Comparison
The current volatility for iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) is 2.01%, while iShares MSCI World Health Care Sector UCITS ETF USD Inc (WHCS.AS) has a volatility of 4.88%. This indicates that MVOL.L experiences smaller price fluctuations and is considered to be less risky than WHCS.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MVOL.L | WHCS.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.01% | 4.88% | -2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 5.58% | 10.53% | -4.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.74% | 14.50% | -6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.64% | 14.44% | -3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.65% | 16.38% | -4.73% |
MVOL.L vs. WHCS.AS - Expense Ratio Comparison
MVOL.L has a 0.35% expense ratio, which is lower than WHCS.AS's 1.00% expense ratio.
Dividends
MVOL.L vs. WHCS.AS - Dividend Comparison
MVOL.L has not paid dividends to shareholders, while WHCS.AS's dividend yield for the trailing twelve months is around 1.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WHCS.AS iShares MSCI World Health Care Sector UCITS ETF USD Inc | 1.08% | 1.05% | 1.04% | 1.15% | 1.08% | 1.08% | 1.20% | 0.10% |
Frequently Asked Questions
MVOL.L and WHCS.AS have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVOL.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVOL.L is cheaper with a 0.35% expense ratio, compared with 1.00% for WHCS.AS.
MVOL.L is categorized as Global Equities, while WHCS.AS is Health & Biotech Equities. MVOL.L tracks MSCI ACWI NR USD, while WHCS.AS tracks MSCI World/Health Care NR USD. Their fees differ too: 0.35% for MVOL.L and 1.00% for WHCS.AS.
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