WH2E.DE vs. QDVG.DE
WH2E.DE (Invesco S&P World Health Care ESG UCITS ETF Acc) and QDVG.DE (iShares S&P 500 Health Care Sector UCITS ETF (Acc)) are both Health & Biotech Equities funds - WH2E.DE tracks the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Health Care while QDVG.DE tracks the S&P 500 Capped 35/20 Health Care. Both are passively managed. Over the past 3 years, WH2E.DE returned 3.13%/yr vs 3.69%/yr for QDVG.DE. Their correlation of 0.93 suggests significant overlap in exposure. WH2E.DE charges 0.18%/yr vs 0.15%/yr for QDVG.DE.
Performance
WH2E.DE vs. QDVG.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 QDVG.DE's -1.02% return.
WH2E.DE
- 1D
- 2.76%
- 1M
- 4.00%
- YTD
- -3.24%
- 6M
- -2.44%
- 1Y
- 10.44%
- 3Y*
- 3.13%
- 5Y*
- —
- 10Y*
- —
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%
WH2E.DE vs. QDVG.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% |
QDVG.DE iShares S&P 500 Health Care Sector UCITS ETF (Acc) | -1.02% | 1.65% | 8.47% | 1.53% |
Correlation
The correlation between WH2E.DE and QDVG.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.93 |
The correlation between WH2E.DE and QDVG.DE has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
WH2E.DE vs. QDVG.DE — Risk / Return Rank
WH2E.DE
QDVG.DE
WH2E.DE vs. QDVG.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 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.
| WH2E.DE | QDVG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.16 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 1.21 | -0.38 |
| Martin ratioReturn relative to average drawdown | 2.15 | 2.96 | -0.81 |
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 | QDVG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 0.89 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.46 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.48 | -0.28 |
Drawdowns
WH2E.DE vs. QDVG.DE - Drawdown Comparison
The maximum WH2E.DE drawdown since its inception was -22.19%, smaller than the maximum QDVG.DE drawdown of -26.77%. Use the drawdown chart below to compare losses from any high point for WH2E.DE and QDVG.DE.
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Drawdown Indicators
| WH2E.DE | QDVG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.19% | -26.77% | +4.58% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -10.74% | -1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -22.19% | -22.70% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.77% | — |
Current DrawdownCurrent decline from peak | -10.45% | -7.31% | -3.14% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -5.35% | -1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.73% | 4.41% | +0.32% |
Volatility
WH2E.DE vs. QDVG.DE - Volatility Comparison
Invesco S&P World Health Care ESG UCITS ETF Acc (WH2E.DE) and iShares S&P 500 Health Care Sector UCITS ETF (Acc) (QDVG.DE) have volatilities of 5.21% and 5.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WH2E.DE | QDVG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 5.24% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.46% | 10.23% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.86% | 14.70% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.91% | 14.48% | -0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.91% | 15.77% | -1.86% |
WH2E.DE vs. QDVG.DE - Expense Ratio Comparison
WH2E.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
WH2E.DE vs. QDVG.DE - Dividend Comparison
Neither WH2E.DE nor QDVG.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, WH2E.DE and QDVG.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 WH2E.DE.
WH2E.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Health Care, while QDVG.DE tracks S&P 500 Capped 35/20 Health Care. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.18% for WH2E.DE and 0.15% for QDVG.DE.
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