QDVG.DE vs. HEAE.L
QDVG.DE (iShares S&P 500 Health Care Sector UCITS ETF (Acc)) and HEAE.L (SPDR MSCI Europe Health Care UCITS ETF) are both Health & Biotech Equities funds - QDVG.DE tracks the S&P 500 Capped 35/20 Health Care while HEAE.L tracks the MSCI World/Health Care NR USD. Both are passively managed. Over the past 3 years, QDVG.DE returned 3.69%/yr vs 2.72%/yr for HEAE.L. At a 0.45 correlation, their price movements are largely independent. QDVG.DE charges 0.15%/yr vs 0.18%/yr for HEAE.L.
Performance
QDVG.DE vs. HEAE.L - Performance Comparison
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Different Trading Currencies
QDVG.DE is traded in EUR, while HEAE.L is traded in GBP. To make them comparable, the HEAE.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, QDVG.DE achieves a -1.02% return, which is significantly higher than HEAE.L's -1.55% return.
QDVG.DE
- 1D
- 2.86%
- 1M
- 5.53%
- YTD
- -1.02%
- 6M
- -0.23%
- 1Y
- 13.09%
- 3Y*
- 3.69%
- 5Y*
- 6.75%
- 10Y*
- 8.96%
HEAE.L
- 1D
- 3.19%
- 1M
- 1.62%
- YTD
- -1.55%
- 6M
- -0.32%
- 1Y
- 6.21%
- 3Y*
- 2.72%
- 5Y*
- —
- 10Y*
- —
QDVG.DE vs. HEAE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QDVG.DE iShares S&P 500 Health Care Sector UCITS ETF (Acc) | -1.02% | 1.65% | 8.47% | -1.74% | -2.06% |
HEAE.L SPDR MSCI Europe Health Care UCITS ETF | -1.55% | 7.71% | 3.33% | 7.76% | -11.07% |
Correlation
The correlation between QDVG.DE and HEAE.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2022 | 0.45 |
The correlation between QDVG.DE and HEAE.L shifts across timeframes, from 0.45 (all time) to 0.57 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QDVG.DE vs. HEAE.L — Risk / Return Rank
QDVG.DE
HEAE.L
QDVG.DE vs. HEAE.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 (Acc) (QDVG.DE) and SPDR MSCI Europe Health Care UCITS ETF (HEAE.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.
| QDVG.DE | HEAE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.08 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 0.48 | +0.73 |
| Martin ratioReturn relative to average drawdown | 2.96 | 1.06 | +1.90 |
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
| QDVG.DE | HEAE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.37 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.08 | +0.40 |
Drawdowns
QDVG.DE vs. HEAE.L - Drawdown Comparison
The maximum QDVG.DE drawdown since its inception was -26.77%, roughly equal to the maximum HEAE.L drawdown of -25.61%. Use the drawdown chart below to compare losses from any high point for QDVG.DE and HEAE.L.
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Drawdown Indicators
| QDVG.DE | HEAE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.77% | -25.61% | -1.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.74% | -12.87% | +2.13% |
Max Drawdown (3Y)Largest decline over 3 years | -22.70% | -25.61% | +2.91% |
Max Drawdown (5Y)Largest decline over 5 years | -22.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.77% | — | — |
Current DrawdownCurrent decline from peak | -7.31% | -10.88% | +3.57% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -8.58% | +3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.41% | 5.82% | -1.41% |
Volatility
QDVG.DE vs. HEAE.L - Volatility Comparison
iShares S&P 500 Health Care Sector UCITS ETF (Acc) (QDVG.DE) and SPDR MSCI Europe Health Care UCITS ETF (HEAE.L) have volatilities of 5.24% and 5.40%, 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
| QDVG.DE | HEAE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 5.40% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.23% | 11.74% | -1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.70% | 16.84% | -2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.48% | 16.85% | -2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 16.85% | -1.08% |
QDVG.DE vs. HEAE.L - Expense Ratio Comparison
QDVG.DE has a 0.15% expense ratio, which is lower than HEAE.L's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
QDVG.DE vs. HEAE.L - Dividend Comparison
Neither QDVG.DE nor HEAE.L has paid dividends to shareholders.
Frequently Asked Questions
QDVG.DE and HEAE.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVG.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVG.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for HEAE.L.
QDVG.DE tracks S&P 500 Capped 35/20 Health Care, while HEAE.L tracks MSCI World/Health Care NR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.15% for QDVG.DE and 0.18% for HEAE.L.
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