SPYL.DE vs. ESIH.L
SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) and ESIH.L (iShares MSCI Europe Health Care Sector UCITS ETF) are both exchange-traded funds - SPYL.DE is a S&P 500 fund tracking the S&P 500 Index, while ESIH.L is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past year, SPYL.DE returned 26.53% vs 6.65% for ESIH.L. At a 0.26 correlation, their price movements are largely independent. SPYL.DE charges 0.03%/yr vs 0.18%/yr for ESIH.L.
Performance
SPYL.DE vs. ESIH.L - Performance Comparison
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Different Trading Currencies
SPYL.DE is traded in EUR, while ESIH.L is traded in GBP. To make them comparable, the ESIH.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPYL.DE achieves a 11.37% return, which is significantly higher than ESIH.L's 0.10% return.
SPYL.DE
- 1D
- -0.15%
- 1M
- 1.37%
- YTD
- 11.37%
- 6M
- 12.66%
- 1Y
- 26.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESIH.L
- 1D
- 0.74%
- 1M
- 2.34%
- YTD
- 0.10%
- 6M
- 1.71%
- 1Y
- 6.65%
- 3Y*
- 3.74%
- 5Y*
- 5.21%
- 10Y*
- —
SPYL.DE vs. ESIH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
ESIH.L iShares MSCI Europe Health Care Sector UCITS ETF | 0.10% | 6.89% | 4.25% | 5.50% |
Correlation
The correlation between SPYL.DE and ESIH.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2023 | 0.26 |
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Return for Risk
SPYL.DE vs. ESIH.L — Risk / Return Rank
SPYL.DE
ESIH.L
SPYL.DE vs. ESIH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) and iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.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.
| SPYL.DE | ESIH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.07 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 0.42 | +3.15 |
| Martin ratioReturn relative to average drawdown | 12.72 | 0.95 | +11.77 |
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Drawdowns
SPYL.DE vs. ESIH.L - Drawdown Comparison
The maximum SPYL.DE drawdown since its inception was -23.27%, smaller than the maximum ESIH.L drawdown of -25.57%. Use the drawdown chart below to compare losses from any high point for SPYL.DE and ESIH.L.
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Drawdown Indicators
| SPYL.DE | ESIH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -25.57% | +2.30% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -12.83% | +5.70% |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.57% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.57% | — |
Current DrawdownCurrent decline from peak | -0.46% | -9.32% | +8.86% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -8.20% | +4.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 5.51% | -3.50% |
Volatility
SPYL.DE vs. ESIH.L - Volatility Comparison
The current volatility for State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) is 2.66%, while iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.L) has a volatility of 5.06%. This indicates that SPYL.DE experiences smaller price fluctuations and is considered to be less risky than ESIH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYL.DE | ESIH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 5.06% | -2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 11.96% | -4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 16.91% | -5.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 17.75% | -3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.60% | 18.00% | -3.40% |
SPYL.DE vs. ESIH.L - Expense Ratio Comparison
SPYL.DE has a 0.03% expense ratio, which is lower than ESIH.L's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPYL.DE vs. ESIH.L - Dividend Comparison
Neither SPYL.DE nor ESIH.L has paid dividends to shareholders.
Frequently Asked Questions
SPYL.DE and ESIH.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.18% for ESIH.L.
SPYL.DE is categorized as S&P 500, while ESIH.L is Health & Biotech Equities. SPYL.DE tracks S&P 500 Index, while ESIH.L tracks MSCI World/Health Care NR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.03% for SPYL.DE and 0.18% for ESIH.L.
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