SHEH vs. GSKH

Last updated Jul 10, 2026

SHEH (Shell plc ADRhedged ETF) and GSKH (GSK plc ADRhedged ETF) are both exchange-traded funds - SHEH is a Energy Equities fund tracking the Shell plc - Benchmark Price Return, while GSKH is a Health & Biotech Equities fund tracking the GSK plc Local Shares Total Return. Both are passively managed. Over the past year, SHEH returned 18.17% vs 39.64% for GSKH. At a correlation of -0.01, they often move in opposite directions. Both charge a 0.19% expense ratio.

Performance

SHEH vs. GSKH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shell plc ADRhedged ETF (SHEH) and GSK plc ADRhedged ETF (GSKH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHEH achieves a 12.47% return, which is significantly higher than GSKH's 9.14% return.

SHEH

• 1D: -1.01%
• 1M: -4.67%
• 6M: 16.82%
• YTD: 12.47%
• 1Y: 18.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GSKH

• 1D: -0.18%
• 1M: 2.31%
• 6M: 6.24%
• YTD: 9.14%
• 1Y: 39.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SHEH vs. GSKH - Yearly Performance Comparison

	2026 (YTD)	2025
SHEH Shell plc ADRhedged ETF	12.47%	12.63%
GSKH GSK plc ADRhedged ETF	9.14%	35.10%

Correlation

The correlation between SHEH and GSKH is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	-0.01

Return for Risk

SHEH vs. GSKH — Risk / Return Rank

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

SHEH

SHEH Risk / Return Rank: 28
SHEH Sharpe Ratio Rank: 30
SHEH Sortino Ratio Rank: 29
SHEH Omega Ratio Rank: 28
SHEH Calmar Ratio Rank: 26
SHEH Martin Ratio Rank: 27

GSKH

GSKH Risk / Return Rank: 53
GSKH Sharpe Ratio Rank: 55
GSKH Sortino Ratio Rank: 59
GSKH Omega Ratio Rank: 56
GSKH Calmar Ratio Rank: 53
GSKH Martin Ratio Rank: 42

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.

SHEH vs. GSKH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shell plc ADRhedged ETF (SHEH) and GSK plc ADRhedged ETF (GSKH). 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.

	SHEH	GSKH	Difference
Sharpe ratio: Return per unit of total volatility	0.89	1.50	-0.61
Sortino ratio: Return per unit of downside risk	1.32	2.26	-0.95
Omega ratio: Gain probability vs. loss probability	1.16	1.28	-0.12
Calmar ratio: Return relative to maximum drawdown	1.04	2.15	-1.11
Martin ratio: Return relative to average drawdown	2.99	5.33	-2.34

SHEH vs. GSKH - Sharpe Ratio Comparison

The current SHEH Sharpe Ratio is 0.89, which is lower than the GSKH Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of SHEH and GSKH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SHEH vs. GSKH - Drawdown Comparison

The maximum SHEH drawdown since its inception was -17.53%, smaller than the maximum GSKH drawdown of -18.54%. Use the drawdown chart below to compare losses from any high point for SHEH and GSKH.

Drawdown Indicators

	SHEH	GSKH	Difference
Max Drawdown Largest peak-to-trough decline	-17.53%	-18.54%	+1.01%
Max Drawdown (1Y) Largest decline over 1 year	-17.53%	-18.54%	+1.01%
Current Drawdown Current decline from peak	-13.29%	-12.24%	-1.05%
Average Drawdown Average peak-to-trough decline	-3.95%	-6.03%	+2.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.10%	7.46%	-1.36%

Volatility

SHEH vs. GSKH - Volatility Comparison

Shell plc ADRhedged ETF (SHEH) and GSK plc ADRhedged ETF (GSKH) have volatilities of 7.12% and 6.98%, 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

	SHEH	GSKH	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.12%	6.98%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	17.39%	18.82%	-1.43%
Volatility (1Y) Calculated over the trailing 1-year period	20.50%	26.53%	-6.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.49%	26.88%	-6.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.49%	26.88%	-6.39%

SHEH vs. GSKH - Expense Ratio Comparison

Both SHEH and GSKH have an expense ratio of 0.19%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SHEH vs. GSKH - Dividend Comparison

SHEH's dividend yield for the trailing twelve months is around 2.07%, less than GSKH's 2.84% yield.

Position	TTM	2025
GSKH GSK plc ADRhedged ETF	2.84%	1.15%
SHEH Shell plc ADRhedged ETF	2.07%	0.00%

Frequently Asked Questions

Can I hold both SHEH and GSKH in my portfolio?

SHEH and GSKH have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHEH or GSKH?

SHEH has higher volatility (7.12%) compared to GSKH (6.98%). In terms of maximum drawdown, SHEH dropped -17.53% vs GSKH's -18.54%.

Which ETF is better, SHEH or GSKH?

On 1-year performance, GSKH leads with 39.64% vs 18.17% for SHEH. Both ETFs have the same 0.19% expense ratio. On volatility, GSKH has been the lower-risk option at 6.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHEH or GSKH?

Over the 1-year period, GSKH has performed better with a 39.64% return vs 18.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHEH or GSKH?

SHEH and GSKH have the same expense ratio: 0.19% per year.

Which ETF pays a higher dividend yield, SHEH or GSKH?

GSKH has the higher dividend yield at 2.84%, compared with 2.07% for SHEH.

What is the main difference between SHEH and GSKH?

SHEH is categorized as Energy Equities, while GSKH is Health & Biotech Equities. SHEH tracks Shell plc - Benchmark Price Return, while GSKH tracks GSK plc Local Shares Total Return.

Which has better risk-adjusted returns?

GSKH currently has the higher Sharpe Ratio (1.50 vs 0.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.