WH2E.DE vs. SC0T.DE
WH2E.DE (Invesco S&P World Health Care ESG UCITS ETF Acc) and SC0T.DE (Invesco European Health Care Sector UCITS ETF) are both Health & Biotech Equities funds from Invesco - WH2E.DE tracks the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Health Care while SC0T.DE tracks the STOXX® Europe 600 Optimised Health Care. Both are passively managed. Over the past 3 years, WH2E.DE returned 3.13%/yr vs 2.80%/yr for SC0T.DE. A 0.70 correlation means they provide meaningful diversification when combined. WH2E.DE charges 0.18%/yr vs 0.20%/yr for SC0T.DE.
Performance
WH2E.DE vs. SC0T.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 higher than SC0T.DE's -3.57% return.
WH2E.DE
- 1D
- 2.76%
- 1M
- 4.70%
- YTD
- -3.24%
- 6M
- -2.41%
- 1Y
- 10.18%
- 3Y*
- 3.13%
- 5Y*
- —
- 10Y*
- —
SC0T.DE
- 1D
- 2.93%
- 1M
- 1.37%
- YTD
- -3.57%
- 6M
- -2.27%
- 1Y
- 3.14%
- 3Y*
- 2.80%
- 5Y*
- 4.81%
- 10Y*
- 5.80%
WH2E.DE vs. SC0T.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% |
SC0T.DE Invesco European Health Care Sector UCITS ETF | -3.57% | 8.45% | 6.96% | -3.72% |
Correlation
The correlation between WH2E.DE and SC0T.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.70 |
The correlation between WH2E.DE and SC0T.DE has been stable across timeframes, ranging from 0.69 to 0.72 - a consistent structural relationship.
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Return for Risk
WH2E.DE vs. SC0T.DE — Risk / Return Rank
WH2E.DE
SC0T.DE
WH2E.DE vs. SC0T.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 Invesco European Health Care Sector UCITS ETF (SC0T.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 | SC0T.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.05 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 0.24 | +0.59 |
| Martin ratioReturn relative to average drawdown | 2.15 | 0.56 | +1.59 |
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 | SC0T.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 0.20 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.32 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.63 | -0.43 |
Drawdowns
WH2E.DE vs. SC0T.DE - Drawdown Comparison
The maximum WH2E.DE drawdown since its inception was -22.19%, smaller than the maximum SC0T.DE drawdown of -26.52%. Use the drawdown chart below to compare losses from any high point for WH2E.DE and SC0T.DE.
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Drawdown Indicators
| WH2E.DE | SC0T.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.19% | -26.52% | +4.33% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -12.87% | +0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -22.19% | -21.67% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.52% | — |
Current DrawdownCurrent decline from peak | -10.45% | -9.59% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -6.03% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.73% | 5.58% | -0.85% |
Volatility
WH2E.DE vs. SC0T.DE - Volatility Comparison
Invesco S&P World Health Care ESG UCITS ETF Acc (WH2E.DE) and Invesco European Health Care Sector UCITS ETF (SC0T.DE) have volatilities of 5.21% and 5.31%, 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 | SC0T.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 5.31% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 10.46% | 11.43% | -0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.86% | 15.98% | -1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.91% | 14.84% | -0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.91% | 15.39% | -1.48% |
WH2E.DE vs. SC0T.DE - Expense Ratio Comparison
WH2E.DE has a 0.18% expense ratio, which is lower than SC0T.DE's 0.20% 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
WH2E.DE vs. SC0T.DE - Dividend Comparison
Neither WH2E.DE nor SC0T.DE has paid dividends to shareholders.
Frequently Asked Questions
WH2E.DE and SC0T.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WH2E.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WH2E.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for SC0T.DE.
WH2E.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Health Care, while SC0T.DE tracks STOXX® Europe 600 Optimised Health Care. Their fees differ too: 0.18% for WH2E.DE and 0.20% for SC0T.DE.
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