UMDV.AS vs. WINC.AS

Last updated Jun 5, 2026

UMDV.AS (iShares US Medical Devices UCITS ETF) and WINC.AS (iShares World Equity High Income UCITS ETF USD Inc) are both exchange-traded funds - UMDV.AS is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD, while WINC.AS is a Global Equity Income fund actively managed by iShares. UMDV.AS is passively managed, while WINC.AS is actively managed. Over the past year, UMDV.AS returned -20.45% vs 24.54% for WINC.AS. At a 0.42 correlation, their price movements are largely independent. UMDV.AS charges 0.25%/yr vs 0.35%/yr for WINC.AS.

Performance

UMDV.AS vs. WINC.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares US Medical Devices UCITS ETF (UMDV.AS) and iShares World Equity High Income UCITS ETF USD Inc (WINC.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UMDV.AS achieves a -21.33% return, which is significantly lower than WINC.AS's 8.88% return.

UMDV.AS

• 1D: 3.64%
• 1M: -0.76%
• YTD: -21.33%
• 6M: -22.09%
• 1Y: -20.45%
• 3Y*: -1.79%
• 5Y*: -1.58%
• 10Y*: —

WINC.AS

• 1D: 0.63%
• 1M: 3.18%
• YTD: 8.88%
• 6M: 10.52%
• 1Y: 24.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UMDV.AS vs. WINC.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
UMDV.AS iShares US Medical Devices UCITS ETF	-21.33%	7.40%	3.74%
WINC.AS iShares World Equity High Income UCITS ETF USD Inc	8.88%	21.56%	8.92%

Correlation

The correlation between UMDV.AS and WINC.AS is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (All Time) Calculated using the full available price history since Apr 3, 2024	0.42

Return for Risk

UMDV.AS vs. WINC.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UMDV.AS

UMDV.AS Risk / Return Rank: 1
UMDV.AS Sharpe Ratio Rank: 1
UMDV.AS Sortino Ratio Rank: 1
UMDV.AS Omega Ratio Rank: 1
UMDV.AS Calmar Ratio Rank: 3
UMDV.AS Martin Ratio Rank: 0

WINC.AS

WINC.AS Risk / Return Rank: 75
WINC.AS Sharpe Ratio Rank: 72
WINC.AS Sortino Ratio Rank: 79
WINC.AS Omega Ratio Rank: 71
WINC.AS Calmar Ratio Rank: 73
WINC.AS Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UMDV.AS vs. WINC.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares US Medical Devices UCITS ETF (UMDV.AS) and iShares World Equity High Income UCITS ETF USD Inc (WINC.AS). 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.

	UMDV.AS	WINC.AS	Difference
Sharpe ratio: Return per unit of total volatility	-1.19	2.32	-3.51
Sortino ratio: Return per unit of downside risk	-1.68	3.49	-5.17
Omega ratio: Gain probability vs. loss probability	0.82	1.42	-0.60
Calmar ratio: Return relative to maximum drawdown	-0.75	3.61	-4.36
Martin ratio: Return relative to average drawdown	-1.92	15.27	-17.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UMDV.AS vs. WINC.AS - Sharpe Ratio Comparison

The current UMDV.AS Sharpe Ratio is -1.19, which is lower than the WINC.AS Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of UMDV.AS and WINC.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UMDV.AS	WINC.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.19	2.32	-3.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	1.61	-1.54

Drawdowns

UMDV.AS vs. WINC.AS - Drawdown Comparison

The maximum UMDV.AS drawdown since its inception was -31.59%, which is greater than WINC.AS's maximum drawdown of -14.81%. Use the drawdown chart below to compare losses from any high point for UMDV.AS and WINC.AS.

Drawdown Indicators

	UMDV.AS	WINC.AS	Difference
Max Drawdown Largest peak-to-trough decline	-31.59%	-14.81%	-16.78%
Max Drawdown (1Y) Largest decline over 1 year	-27.14%	-6.77%	-20.37%
Max Drawdown (3Y) Largest decline over 3 years	-27.48%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.59%	—	—
Current Drawdown Current decline from peak	-24.28%	-0.35%	-23.93%
Average Drawdown Average peak-to-trough decline	-11.43%	-1.53%	-9.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.62%	1.60%	+9.02%

Volatility

UMDV.AS vs. WINC.AS - Volatility Comparison

iShares US Medical Devices UCITS ETF (UMDV.AS) has a higher volatility of 7.25% compared to iShares World Equity High Income UCITS ETF USD Inc (WINC.AS) at 3.03%. This indicates that UMDV.AS's price experiences larger fluctuations and is considered to be riskier than WINC.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UMDV.AS	WINC.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.25%	3.03%	+4.22%
Volatility (6M) Calculated over the trailing 6-month period	13.42%	8.26%	+5.16%
Volatility (1Y) Calculated over the trailing 1-year period	17.04%	10.59%	+6.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.67%	13.84%	+4.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.66%	13.84%	+4.82%

UMDV.AS vs. WINC.AS - Expense Ratio Comparison

UMDV.AS has a 0.25% expense ratio, which is lower than WINC.AS's 0.35% expense ratio.

Dividends

UMDV.AS vs. WINC.AS - Dividend Comparison

UMDV.AS has not paid dividends to shareholders, while WINC.AS's dividend yield for the trailing twelve months is around 9.64%.

Position	TTM	2025	2024
UMDV.AS iShares US Medical Devices UCITS ETF	0.00%	0.00%	0.00%
WINC.AS iShares World Equity High Income UCITS ETF USD Inc	9.64%	9.38%	4.88%

Frequently Asked Questions

Can I hold both UMDV.AS and WINC.AS in my portfolio?

UMDV.AS and WINC.AS have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UMDV.AS or WINC.AS?

On fees, UMDV.AS is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UMDV.AS or WINC.AS?

UMDV.AS is cheaper with a 0.25% expense ratio, compared with 0.35% for WINC.AS.

What is the main difference between UMDV.AS and WINC.AS?

UMDV.AS is categorized as Health & Biotech Equities, while WINC.AS is Global Equity Income. Their fees differ too: 0.25% for UMDV.AS and 0.35% for WINC.AS.