SPYH.DE vs. EHLT.DE
SPYH.DE (SPDR MSCI Europe Health Care UCITS ETF) and EHLT.DE (Lyxor STOXX Europe 600 Healthcare UCITS ETF Dist) are both Health & Biotech Equities funds - SPYH.DE tracks the MSCI Europe Health Care 20/35 Capped while EHLT.DE tracks the STOXX® Europe 600 Health Care. Both are passively managed. Over the past 10 years, SPYH.DE returned 6.16%/yr vs 5.72%/yr for EHLT.DE. With a 0.95 correlation, they move nearly in lockstep. SPYH.DE charges 0.18%/yr vs 0.30%/yr for EHLT.DE.
Performance
SPYH.DE vs. EHLT.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 higher than EHLT.DE's -2.49% return. Over the past 10 years, SPYH.DE has outperformed EHLT.DE with an annualized return of 6.16%, while EHLT.DE has yielded a comparatively lower 5.72% annualized 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%
EHLT.DE
- 1D
- 3.08%
- 1M
- 0.18%
- YTD
- -2.49%
- 6M
- -0.99%
- 1Y
- 4.67%
- 3Y*
- 1.80%
- 5Y*
- 4.71%
- 10Y*
- 5.72%
SPYH.DE vs. EHLT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYH.DE SPDR MSCI Europe Health Care UCITS ETF | -1.97% | 7.82% | 3.98% | 7.88% | -4.55% | 25.71% | -2.51% | 33.07% | -1.21% | 2.94% |
EHLT.DE Lyxor STOXX Europe 600 Healthcare UCITS ETF Dist | -2.49% | 7.09% | 4.20% | 4.76% | -4.33% | 24.01% | -2.02% | 32.89% | -1.18% | 4.24% |
Correlation
The correlation between SPYH.DE and EHLT.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.95 |
The correlation between SPYH.DE and EHLT.DE has been stable across timeframes, ranging from 0.93 to 0.98 - a consistent structural relationship.
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Return for Risk
SPYH.DE vs. EHLT.DE — Risk / Return Rank
SPYH.DE
EHLT.DE
SPYH.DE vs. EHLT.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 Lyxor STOXX Europe 600 Healthcare UCITS ETF Dist (EHLT.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 | EHLT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.07 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 0.40 | +0.10 |
| Martin ratioReturn relative to average drawdown | 1.10 | 0.89 | +0.21 |
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 | EHLT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 0.30 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.30 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.37 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.56 | -0.13 |
Drawdowns
SPYH.DE vs. EHLT.DE - Drawdown Comparison
The maximum SPYH.DE drawdown since its inception was -26.62%, roughly equal to the maximum EHLT.DE drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for SPYH.DE and EHLT.DE.
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Drawdown Indicators
| SPYH.DE | EHLT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.62% | -26.14% | -0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -12.46% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -26.62% | -26.14% | -0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -26.62% | -26.14% | -0.48% |
Max Drawdown (10Y)Largest decline over 10 years | -26.62% | -26.14% | -0.48% |
Current DrawdownCurrent decline from peak | -10.72% | -11.58% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -6.90% | -1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 5.62% | +0.11% |
Volatility
SPYH.DE vs. EHLT.DE - Volatility Comparison
SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) has a higher volatility of 6.01% compared to Lyxor STOXX Europe 600 Healthcare UCITS ETF Dist (EHLT.DE) at 5.56%. This indicates that SPYH.DE's price experiences larger fluctuations and is considered to be riskier than EHLT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYH.DE | EHLT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 5.56% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 12.04% | 11.62% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.05% | 16.76% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.76% | 16.55% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.82% | 16.19% | -0.37% |
SPYH.DE vs. EHLT.DE - Expense Ratio Comparison
SPYH.DE has a 0.18% expense ratio, which is lower than EHLT.DE's 0.30% expense ratio.
Dividends
SPYH.DE vs. EHLT.DE - Dividend Comparison
SPYH.DE has not paid dividends to shareholders, while EHLT.DE's dividend yield for the trailing twelve months is around 1.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EHLT.DE Lyxor STOXX Europe 600 Healthcare UCITS ETF Dist | 1.33% | 1.30% | 1.78% | 0.00% | 2.28% | 1.89% | 2.32% | 1.88% | 2.32% | 0.49% |
SPYH.DE SPDR MSCI Europe Health Care UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, SPYH.DE and EHLT.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.30% for EHLT.DE.
SPYH.DE tracks MSCI Europe Health Care 20/35 Capped, while EHLT.DE tracks STOXX® Europe 600 Health Care. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.18% for SPYH.DE and 0.30% for EHLT.DE.
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