TLH vs. XDWH.L
TLH (iShares 10-20 Year Treasury Bond ETF) and XDWH.L (Xtrackers MSCI World Health Care UCITS ETF 1C) are both exchange-traded funds - TLH is a Government Bonds fund tracking the ICE U.S. Treasury 10-20 Year Bond Index, while XDWH.L is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 10 years, TLH returned -0.87%/yr vs 7.85%/yr for XDWH.L. At a 0.01 correlation, their price movements are largely independent. TLH charges 0.15%/yr vs 0.25%/yr for XDWH.L.
Performance
TLH vs. XDWH.L - Performance Comparison
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Returns By Period
In the year-to-date period, TLH achieves a -0.95% return, which is significantly higher than XDWH.L's -2.74% return. Over the past 10 years, TLH has underperformed XDWH.L with an annualized return of -0.87%, while XDWH.L has yielded a comparatively higher 7.85% annualized return.
TLH
- 1D
- -0.62%
- 1M
- -1.02%
- YTD
- -0.95%
- 6M
- -1.04%
- 1Y
- 3.54%
- 3Y*
- 0.36%
- 5Y*
- -3.89%
- 10Y*
- -0.87%
XDWH.L
- 1D
- 2.99%
- 1M
- 2.38%
- YTD
- -2.74%
- 6M
- -1.48%
- 1Y
- 11.78%
- 3Y*
- 5.50%
- 5Y*
- 4.54%
- 10Y*
- 7.85%
TLH vs. XDWH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TLH iShares 10-20 Year Treasury Bond ETF | -0.95% | 6.47% | -4.21% | 4.03% | -25.24% | -5.38% | 13.78% | 10.11% | 0.37% | 4.21% |
XDWH.L Xtrackers MSCI World Health Care UCITS ETF 1C | -2.74% | 15.25% | 0.75% | 3.81% | -5.42% | 20.56% | 12.88% | 22.95% | 1.57% | 20.16% |
Correlation
The correlation between TLH and XDWH.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2016 | 0.01 |
The correlation between TLH and XDWH.L shifts across timeframes, from 0.01 (all time) to 0.22 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TLH vs. XDWH.L — Risk / Return Rank
TLH
XDWH.L
TLH vs. XDWH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 10-20 Year Treasury Bond ETF (TLH) and Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.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.
| TLH | XDWH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.15 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 1.11 | -0.56 |
| Martin ratioReturn relative to average drawdown | 1.50 | 2.80 | -1.31 |
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
| TLH | XDWH.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 0.79 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.32 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.08 | 0.52 | -0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.57 | -0.29 |
Drawdowns
TLH vs. XDWH.L - Drawdown Comparison
The maximum TLH drawdown since its inception was -41.14%, which is greater than XDWH.L's maximum drawdown of -26.24%. Use the drawdown chart below to compare losses from any high point for TLH and XDWH.L.
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Drawdown Indicators
| TLH | XDWH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.14% | -26.24% | -14.90% |
Max Drawdown (1Y)Largest decline over 1 year | -6.50% | -10.39% | +3.89% |
Max Drawdown (3Y)Largest decline over 3 years | -15.35% | -19.28% | +3.93% |
Max Drawdown (5Y)Largest decline over 5 years | -35.41% | -19.28% | -16.13% |
Max Drawdown (10Y)Largest decline over 10 years | -41.14% | -26.24% | -14.90% |
Current DrawdownCurrent decline from peak | -30.13% | -5.82% | -24.31% |
Average DrawdownAverage peak-to-trough decline | -10.76% | -4.98% | -5.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 4.12% | -1.75% |
Volatility
TLH vs. XDWH.L - Volatility Comparison
The current volatility for iShares 10-20 Year Treasury Bond ETF (TLH) is 2.37%, while Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.L) has a volatility of 4.80%. This indicates that TLH experiences smaller price fluctuations and is considered to be less risky than XDWH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLH | XDWH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 4.80% | -2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 5.52% | 10.77% | -5.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.92% | 14.57% | -6.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.69% | 14.18% | -1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.19% | 14.97% | -3.78% |
TLH vs. XDWH.L - Expense Ratio Comparison
TLH has a 0.15% expense ratio, which is lower than XDWH.L's 0.25% 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
TLH vs. XDWH.L - Dividend Comparison
TLH's dividend yield for the trailing twelve months is around 4.50%, while XDWH.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLH iShares 10-20 Year Treasury Bond ETF | 4.50% | 4.17% | 4.28% | 3.83% | 2.78% | 1.50% | 2.65% | 2.31% | 2.17% | 1.83% | 1.91% | 2.13% |
XDWH.L Xtrackers MSCI World Health Care UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TLH and XDWH.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TLH is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TLH is cheaper with a 0.15% expense ratio, compared with 0.25% for XDWH.L.
TLH is categorized as Government Bonds, while XDWH.L is Health & Biotech Equities. TLH tracks ICE U.S. Treasury 10-20 Year Bond Index, while XDWH.L tracks MSCI World/Health Care NR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.15% for TLH and 0.25% for XDWH.L.
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