QDVG.DE vs. HEAL.L
QDVG.DE (iShares S&P 500 Health Care Sector UCITS ETF (Acc)) and HEAL.L (iShares Healthcare Innovation UCITS ETF USD (Acc)) are both Health & Biotech Equities funds from iShares - QDVG.DE tracks the S&P 500 Capped 35/20 Health Care while HEAL.L tracks the MSCI World/Health Care NR USD. Both are passively managed. Over the past 5 years, QDVG.DE returned 6.92%/yr vs -1.45%/yr for HEAL.L. A 0.63 correlation means they provide meaningful diversification when combined. QDVG.DE charges 0.15%/yr vs 0.40%/yr for HEAL.L.
Performance
QDVG.DE vs. HEAL.L - Performance Comparison
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Different Trading Currencies
QDVG.DE is traded in EUR, while HEAL.L is traded in USD. To make them comparable, the HEAL.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 4.43% return, which is significantly lower than HEAL.L's 7.47% return.
QDVG.DE
- 1D
- 1.65%
- 1M
- 7.57%
- YTD
- 4.43%
- 6M
- 4.92%
- 1Y
- 21.23%
- 3Y*
- 6.01%
- 5Y*
- 6.92%
- 10Y*
- 9.80%
HEAL.L
- 1D
- 1.56%
- 1M
- 9.20%
- YTD
- 7.47%
- 6M
- 6.93%
- 1Y
- 28.26%
- 3Y*
- 6.60%
- 5Y*
- -1.45%
- 10Y*
- —
QDVG.DE vs. HEAL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QDVG.DE iShares S&P 500 Health Care Sector UCITS ETF (Acc) | 4.43% | 1.63% | 8.52% | -1.74% | 3.27% | 37.79% | 1.62% | 24.91% | 8.84% | 7.33% |
HEAL.L iShares Healthcare Innovation UCITS ETF USD (Acc) | 7.47% | 4.46% | 7.59% | 0.02% | -19.29% | 0.47% | 41.35% | 15.02% | 0.96% | 19.31% |
Correlation
The correlation between QDVG.DE and HEAL.L is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2016 | 0.63 |
The correlation between QDVG.DE and HEAL.L has been stable across timeframes, ranging from 0.59 to 0.67 - a consistent structural relationship.
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Return for Risk
QDVG.DE vs. HEAL.L — Risk / Return Rank
QDVG.DE
HEAL.L
QDVG.DE vs. HEAL.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 iShares Healthcare Innovation UCITS ETF USD (Acc) (HEAL.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.
| QDVG.DE | HEAL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.28 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.35 | -0.29 |
| Martin ratioReturn relative to average drawdown | 5.14 | 5.69 | -0.55 |
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Drawdowns
QDVG.DE vs. HEAL.L - Drawdown Comparison
The maximum QDVG.DE drawdown since its inception was -26.79%, smaller than the maximum HEAL.L drawdown of -38.75%. Use the drawdown chart below to compare losses from any high point for QDVG.DE and HEAL.L.
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Drawdown Indicators
| QDVG.DE | HEAL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.79% | -38.75% | +11.96% |
Max Drawdown (1Y)Largest decline over 1 year | -10.26% | -11.97% | +1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -22.68% | -25.23% | +2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -22.68% | -37.01% | +14.33% |
Max Drawdown (10Y)Largest decline over 10 years | -26.79% | — | — |
Current DrawdownCurrent decline from peak | -2.21% | -11.75% | +9.54% |
Average DrawdownAverage peak-to-trough decline | -6.35% | -14.38% | +8.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | 4.95% | -0.83% |
Volatility
QDVG.DE vs. HEAL.L - Volatility Comparison
The current volatility for iShares S&P 500 Health Care Sector UCITS ETF (Acc) (QDVG.DE) is 5.33%, while iShares Healthcare Innovation UCITS ETF USD (Acc) (HEAL.L) has a volatility of 5.99%. This indicates that QDVG.DE experiences smaller price fluctuations and is considered to be less risky than HEAL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDVG.DE | HEAL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 5.99% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 13.16% | -2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.07% | 17.49% | -2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.55% | 19.01% | -4.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 19.66% | -3.00% |
QDVG.DE vs. HEAL.L - Expense Ratio Comparison
QDVG.DE has a 0.15% expense ratio, which is lower than HEAL.L's 0.40% expense ratio.
Dividends
QDVG.DE vs. HEAL.L - Dividend Comparison
Neither QDVG.DE nor HEAL.L has paid dividends to shareholders.
Frequently Asked Questions
QDVG.DE and HEAL.L have a correlation of 0.67, 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 0.40% for HEAL.L.
QDVG.DE tracks S&P 500 Capped 35/20 Health Care, while HEAL.L tracks MSCI World/Health Care NR USD. Their fees differ too: 0.15% for QDVG.DE and 0.40% for HEAL.L.
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