SPYH.DE vs. QDVG.DE
SPYH.DE (SPDR MSCI Europe Health Care UCITS ETF) and QDVG.DE (iShares S&P 500 Health Care Sector UCITS ETF (Acc)) are both Health & Biotech Equities funds - SPYH.DE tracks the MSCI Europe Health Care 20/35 Capped while QDVG.DE tracks the S&P 500 Capped 35/20 Health Care. Both are passively managed. Over the past 10 years, SPYH.DE returned 6.16%/yr vs 8.96%/yr for QDVG.DE. A 0.64 correlation means they provide meaningful diversification when combined. SPYH.DE charges 0.18%/yr vs 0.15%/yr for QDVG.DE.
Performance
SPYH.DE vs. QDVG.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 QDVG.DE's -1.02% return. Over the past 10 years, SPYH.DE has underperformed QDVG.DE with an annualized return of 6.16%, while QDVG.DE has yielded a comparatively higher 8.96% 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%
QDVG.DE
- 1D
- 2.86%
- 1M
- 5.52%
- YTD
- -1.02%
- 6M
- -0.40%
- 1Y
- 13.47%
- 3Y*
- 3.69%
- 5Y*
- 6.75%
- 10Y*
- 8.96%
SPYH.DE vs. QDVG.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% |
QDVG.DE iShares S&P 500 Health Care Sector UCITS ETF (Acc) | -1.02% | 1.65% | 8.47% | -1.74% | 3.30% | 37.81% | 1.69% | 24.75% | 8.90% | 7.28% |
Correlation
The correlation between SPYH.DE and QDVG.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2015 | 0.64 |
The correlation between SPYH.DE and QDVG.DE has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.
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Return for Risk
SPYH.DE vs. QDVG.DE — Risk / Return Rank
SPYH.DE
QDVG.DE
SPYH.DE vs. QDVG.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 iShares S&P 500 Health Care Sector UCITS ETF (Acc) (QDVG.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 | QDVG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.16 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 1.21 | -0.71 |
| Martin ratioReturn relative to average drawdown | 1.10 | 2.96 | -1.86 |
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 | QDVG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 0.89 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.46 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.56 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.48 | -0.06 |
Drawdowns
SPYH.DE vs. QDVG.DE - Drawdown Comparison
The maximum SPYH.DE drawdown since its inception was -26.62%, roughly equal to the maximum QDVG.DE drawdown of -26.77%. Use the drawdown chart below to compare losses from any high point for SPYH.DE and QDVG.DE.
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Drawdown Indicators
| SPYH.DE | QDVG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.62% | -26.77% | +0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -10.74% | -1.84% |
Max Drawdown (3Y)Largest decline over 3 years | -26.62% | -22.70% | -3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -26.62% | -22.70% | -3.92% |
Max Drawdown (10Y)Largest decline over 10 years | -26.62% | -26.77% | +0.15% |
Current DrawdownCurrent decline from peak | -10.72% | -7.31% | -3.41% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -5.35% | -3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 4.41% | +1.32% |
Volatility
SPYH.DE vs. QDVG.DE - Volatility Comparison
SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) has a higher volatility of 6.01% compared to iShares S&P 500 Health Care Sector UCITS ETF (Acc) (QDVG.DE) at 5.24%. This indicates that SPYH.DE's price experiences larger fluctuations and is considered to be riskier than QDVG.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 | QDVG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 5.24% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 12.04% | 10.23% | +1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.05% | 14.70% | +2.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.76% | 14.48% | +1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.82% | 15.77% | +0.05% |
SPYH.DE vs. QDVG.DE - Expense Ratio Comparison
SPYH.DE has a 0.18% expense ratio, which is higher than QDVG.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPYH.DE vs. QDVG.DE - Dividend Comparison
Neither SPYH.DE nor QDVG.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYH.DE and QDVG.DE have a correlation of 0.59, 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 SPYH.DE.
SPYH.DE tracks MSCI Europe Health Care 20/35 Capped, while QDVG.DE tracks S&P 500 Capped 35/20 Health Care. They also come from different issuers: State Street and iShares. Their fees differ too: 0.18% for SPYH.DE and 0.15% for QDVG.DE.
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