WH2E.DE vs. WRNA.DE
WH2E.DE (Invesco S&P World Health Care ESG UCITS ETF Acc) and WRNA.DE (WisdomTree BioRevolution UCITS ETF USD Acc) are both Health & Biotech Equities funds - WH2E.DE tracks the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Health Care while WRNA.DE tracks the WisdomTree BioRevolution ESG Screened. Both are passively managed. Over the past 3 years, WH2E.DE returned 3.13%/yr vs 0.92%/yr for WRNA.DE. At a 0.47 correlation, their price movements are largely independent. WH2E.DE charges 0.18%/yr vs 0.45%/yr for WRNA.DE.
Performance
WH2E.DE vs. WRNA.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 WRNA.DE's 10.48% return.
WH2E.DE
- 1D
- 2.76%
- 1M
- 4.70%
- YTD
- -3.24%
- 6M
- -2.41%
- 1Y
- 10.18%
- 3Y*
- 3.13%
- 5Y*
- —
- 10Y*
- —
WRNA.DE
- 1D
- 4.08%
- 1M
- 4.18%
- YTD
- 10.48%
- 6M
- 10.41%
- 1Y
- 48.70%
- 3Y*
- 0.92%
- 5Y*
- —
- 10Y*
- —
WH2E.DE vs. WRNA.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% |
WRNA.DE WisdomTree BioRevolution UCITS ETF USD Acc | 10.48% | 9.13% | -10.92% | -1.83% |
Correlation
The correlation between WH2E.DE and WRNA.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.47 |
The correlation between WH2E.DE and WRNA.DE has been stable across timeframes, ranging from 0.47 to 0.54 - a consistent structural relationship.
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Return for Risk
WH2E.DE vs. WRNA.DE — Risk / Return Rank
WH2E.DE
WRNA.DE
WH2E.DE vs. WRNA.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 WisdomTree BioRevolution UCITS ETF USD Acc (WRNA.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 | WRNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.30 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 3.61 | -2.78 |
| Martin ratioReturn relative to average drawdown | 2.15 | 9.63 | -7.48 |
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 | WRNA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 1.75 | -1.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | -0.20 | +0.40 |
Drawdowns
WH2E.DE vs. WRNA.DE - Drawdown Comparison
The maximum WH2E.DE drawdown since its inception was -22.19%, smaller than the maximum WRNA.DE drawdown of -52.35%. Use the drawdown chart below to compare losses from any high point for WH2E.DE and WRNA.DE.
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Drawdown Indicators
| WH2E.DE | WRNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.19% | -52.35% | +30.16% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -13.42% | +1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -22.19% | -40.06% | +17.87% |
Current DrawdownCurrent decline from peak | -10.45% | -20.73% | +10.28% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -27.26% | +20.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.73% | 5.04% | -0.31% |
Volatility
WH2E.DE vs. WRNA.DE - Volatility Comparison
The current volatility for Invesco S&P World Health Care ESG UCITS ETF Acc (WH2E.DE) is 5.21%, while WisdomTree BioRevolution UCITS ETF USD Acc (WRNA.DE) has a volatility of 6.73%. This indicates that WH2E.DE experiences smaller price fluctuations and is considered to be less risky than WRNA.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 | WRNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 6.73% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 10.46% | 17.21% | -6.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.86% | 27.70% | -12.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.91% | 24.22% | -10.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.91% | 24.22% | -10.31% |
WH2E.DE vs. WRNA.DE - Expense Ratio Comparison
WH2E.DE has a 0.18% expense ratio, which is lower than WRNA.DE's 0.45% expense ratio.
Dividends
WH2E.DE vs. WRNA.DE - Dividend Comparison
Neither WH2E.DE nor WRNA.DE has paid dividends to shareholders.
Frequently Asked Questions
WH2E.DE and WRNA.DE have a correlation of 0.54, 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 0.45% for WRNA.DE.
WH2E.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Health Care, while WRNA.DE tracks WisdomTree BioRevolution ESG Screened. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.18% for WH2E.DE and 0.45% for WRNA.DE.
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