SPYH.DE vs. DDOC.DE
SPYH.DE (SPDR MSCI Europe Health Care UCITS ETF) and DDOC.DE (Global X Telemedicine & Digital Health UCITS ETF Acc USD) are both Health & Biotech Equities funds - SPYH.DE tracks the MSCI Europe Health Care 20/35 Capped while DDOC.DE tracks the Solactive Telemedicine & Digital Health. Both are passively managed. Over the past 5 years, SPYH.DE returned 5.81%/yr vs -9.54%/yr for DDOC.DE. At a 0.38 correlation, their price movements are largely independent. SPYH.DE charges 0.18%/yr vs 0.68%/yr for DDOC.DE.
Performance
SPYH.DE vs. DDOC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYH.DE achieves a -1.97% return, which is significantly lower than DDOC.DE's -1.35% return.
SPYH.DE
- 1D
- 3.34%
- 1M
- 0.41%
- YTD
- -1.97%
- 6M
- -0.47%
- 1Y
- 6.02%
- 3Y*
- 2.85%
- 5Y*
- 5.81%
- 10Y*
- 6.16%
DDOC.DE
- 1D
- 4.54%
- 1M
- 6.72%
- YTD
- -1.35%
- 6M
- -6.36%
- 1Y
- -0.14%
- 3Y*
- -5.09%
- 5Y*
- -9.54%
- 10Y*
- —
SPYH.DE vs. DDOC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPYH.DE SPDR MSCI Europe Health Care UCITS ETF | -1.97% | 7.82% | 3.98% | 7.88% | -4.55% | 22.12% |
DDOC.DE Global X Telemedicine & Digital Health UCITS ETF Acc USD | -1.35% | -2.99% | 3.18% | -14.12% | -25.03% | -20.13% |
Correlation
The correlation between SPYH.DE and DDOC.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2021 | 0.38 |
The correlation between SPYH.DE and DDOC.DE shifts across timeframes, from 0.31 (3 years) to 0.43 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPYH.DE vs. DDOC.DE — Risk / Return Rank
SPYH.DE
DDOC.DE
SPYH.DE vs. DDOC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) and Global X Telemedicine & Digital Health UCITS ETF Acc USD (DDOC.DE). 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.
| SPYH.DE | DDOC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.02 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 0.01 | +0.49 |
| Martin ratioReturn relative to average drawdown | 1.10 | 0.03 | +1.07 |
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
| SPYH.DE | DDOC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 0.02 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | -0.39 | +0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | -0.49 | +0.91 |
Drawdowns
SPYH.DE vs. DDOC.DE - Drawdown Comparison
The maximum SPYH.DE drawdown since its inception was -26.62%, smaller than the maximum DDOC.DE drawdown of -59.88%. Use the drawdown chart below to compare losses from any high point for SPYH.DE and DDOC.DE.
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Drawdown Indicators
| SPYH.DE | DDOC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.62% | -59.88% | +33.26% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -22.33% | +9.75% |
Max Drawdown (3Y)Largest decline over 3 years | -26.62% | -32.67% | +6.05% |
Max Drawdown (5Y)Largest decline over 5 years | -26.62% | -53.96% | +27.34% |
Max Drawdown (10Y)Largest decline over 10 years | -26.62% | — | — |
Current DrawdownCurrent decline from peak | -10.72% | -51.22% | +40.50% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -41.80% | +33.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 10.98% | -5.25% |
Volatility
SPYH.DE vs. DDOC.DE - Volatility Comparison
SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) and Global X Telemedicine & Digital Health UCITS ETF Acc USD (DDOC.DE) have volatilities of 6.01% and 6.20%, 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
| SPYH.DE | DDOC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 6.20% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 12.04% | 14.24% | -2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.05% | 20.70% | -3.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.76% | 24.10% | -8.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.82% | 24.26% | -8.44% |
SPYH.DE vs. DDOC.DE - Expense Ratio Comparison
SPYH.DE has a 0.18% expense ratio, which is lower than DDOC.DE's 0.68% expense ratio.
Dividends
SPYH.DE vs. DDOC.DE - Dividend Comparison
Neither SPYH.DE nor DDOC.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYH.DE and DDOC.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYH.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYH.DE is cheaper with a 0.18% expense ratio, compared with 0.68% for DDOC.DE.
SPYH.DE tracks MSCI Europe Health Care 20/35 Capped, while DDOC.DE tracks Solactive Telemedicine & Digital Health. They also come from different issuers: State Street and Global X. Their fees differ too: 0.18% for SPYH.DE and 0.68% for DDOC.DE.
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