WH2E.DE vs. ESIH.DE
WH2E.DE (Invesco S&P World Health Care ESG UCITS ETF Acc) and ESIH.DE (iShares MSCI Europe Health Care Sector UCITS ETF EUR (Acc)) are both Health & Biotech Equities funds - WH2E.DE tracks the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Health Care while ESIH.DE tracks the MSCI World/Health Care NR USD. Both are passively managed. Over the past 3 years, WH2E.DE returned 3.13%/yr vs 2.72%/yr for ESIH.DE. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.
Performance
WH2E.DE vs. ESIH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WH2E.DE achieves a -3.24% return, which is significantly lower than ESIH.DE's -2.35% return.
WH2E.DE
- 1D
- 2.76%
- 1M
- 4.70%
- YTD
- -3.24%
- 6M
- -2.41%
- 1Y
- 10.18%
- 3Y*
- 3.13%
- 5Y*
- —
- 10Y*
- —
ESIH.DE
- 1D
- 3.10%
- 1M
- 1.39%
- YTD
- -2.35%
- 6M
- -0.84%
- 1Y
- 6.04%
- 3Y*
- 2.72%
- 5Y*
- 5.74%
- 10Y*
- —
WH2E.DE vs. ESIH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WH2E.DE Invesco S&P World Health Care ESG UCITS ETF Acc | -3.24% | 2.78% | 7.94% | 1.68% |
ESIH.DE iShares MSCI Europe Health Care Sector UCITS ETF EUR (Acc) | -2.35% | 7.95% | 4.09% | -1.39% |
Correlation
The correlation between WH2E.DE and ESIH.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.70 |
The correlation between WH2E.DE and ESIH.DE has been stable across timeframes, ranging from 0.70 to 0.71 - a consistent structural relationship.
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Return for Risk
WH2E.DE vs. ESIH.DE — Risk / Return Rank
WH2E.DE
ESIH.DE
WH2E.DE vs. ESIH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P World Health Care ESG UCITS ETF Acc (WH2E.DE) and iShares MSCI Europe Health Care Sector UCITS ETF EUR (Acc) (ESIH.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.
| WH2E.DE | ESIH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.07 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 0.47 | +0.36 |
| Martin ratioReturn relative to average drawdown | 2.15 | 1.05 | +1.10 |
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
| WH2E.DE | ESIH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 0.35 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.41 | -0.20 |
Drawdowns
WH2E.DE vs. ESIH.DE - Drawdown Comparison
The maximum WH2E.DE drawdown since its inception was -22.19%, smaller than the maximum ESIH.DE drawdown of -26.69%. Use the drawdown chart below to compare losses from any high point for WH2E.DE and ESIH.DE.
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Drawdown Indicators
| WH2E.DE | ESIH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.19% | -26.69% | +4.50% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -12.82% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -22.19% | -26.69% | +4.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.69% | — |
Current DrawdownCurrent decline from peak | -10.45% | -10.96% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -7.24% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.73% | 5.75% | -1.02% |
Volatility
WH2E.DE vs. ESIH.DE - Volatility Comparison
The current volatility for Invesco S&P World Health Care ESG UCITS ETF Acc (WH2E.DE) is 5.21%, while iShares MSCI Europe Health Care Sector UCITS ETF EUR (Acc) (ESIH.DE) has a volatility of 5.87%. This indicates that WH2E.DE experiences smaller price fluctuations and is considered to be less risky than ESIH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WH2E.DE | ESIH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 5.87% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 10.46% | 11.96% | -1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.86% | 17.18% | -2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.91% | 15.86% | -1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.91% | 15.61% | -1.70% |
WH2E.DE vs. ESIH.DE - Expense Ratio Comparison
Both WH2E.DE and ESIH.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
WH2E.DE vs. ESIH.DE - Dividend Comparison
Neither WH2E.DE nor ESIH.DE has paid dividends to shareholders.
Frequently Asked Questions
WH2E.DE and ESIH.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
WH2E.DE and ESIH.DE have the same expense ratio: 0.18% per year.
WH2E.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Health Care, while ESIH.DE tracks MSCI World/Health Care NR USD. They also come from different issuers: Invesco and iShares.
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