WHCA.AS vs. HEAW.L
WHCA.AS (iShares MSCI World Health Care Sector Advanced UCITS ETF USD Accumulating) and HEAW.L (SPDR MSCI World Health Care UCITS ETF) are both Health & Biotech Equities funds - WHCA.AS tracks the MSCI World Health Care Advanced Select 20 35 Capped while HEAW.L tracks the MSCI World/Health Care NR USD. Both are passively managed. Over the past 3 years, WHCA.AS returned 0.74%/yr vs 2.55%/yr for HEAW.L. Their correlation of 0.86 suggests significant overlap in exposure. WHCA.AS charges 0.18%/yr vs 0.30%/yr for HEAW.L.
Performance
WHCA.AS vs. HEAW.L - Performance Comparison
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Different Trading Currencies
WHCA.AS is traded in EUR, while HEAW.L is traded in GBP. To make them comparable, the HEAW.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, WHCA.AS achieves a -2.07% return, which is significantly lower than HEAW.L's -1.86% return.
WHCA.AS
- 1D
- 2.82%
- 1M
- 3.91%
- YTD
- -2.07%
- 6M
- -1.38%
- 1Y
- 7.44%
- 3Y*
- 0.74%
- 5Y*
- —
- 10Y*
- —
HEAW.L
- 1D
- 2.91%
- 1M
- 4.13%
- YTD
- -1.86%
- 6M
- -1.26%
- 1Y
- 9.74%
- 3Y*
- 2.55%
- 5Y*
- —
- 10Y*
- —
WHCA.AS vs. HEAW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WHCA.AS iShares MSCI World Health Care Sector Advanced UCITS ETF USD Accumulating | -2.07% | 2.44% | 0.95% | 0.93% | 1.81% |
HEAW.L SPDR MSCI World Health Care UCITS ETF | -1.86% | 1.85% | 7.47% | 0.03% | -0.01% |
Correlation
The correlation between WHCA.AS and HEAW.L is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.86 |
The correlation between WHCA.AS and HEAW.L has been stable across timeframes, ranging from 0.86 to 0.95 - a consistent structural relationship.
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Return for Risk
WHCA.AS vs. HEAW.L — Risk / Return Rank
WHCA.AS
HEAW.L
WHCA.AS vs. HEAW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Health Care Sector Advanced UCITS ETF USD Accumulating (WHCA.AS) and SPDR MSCI World Health Care UCITS ETF (HEAW.L). 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.
| WHCA.AS | HEAW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.13 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 0.93 | -0.26 |
| Martin ratioReturn relative to average drawdown | 1.57 | 2.30 | -0.74 |
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
| WHCA.AS | HEAW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 0.70 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.13 | 0.00 |
Drawdowns
WHCA.AS vs. HEAW.L - Drawdown Comparison
The maximum WHCA.AS drawdown since its inception was -22.19%, roughly equal to the maximum HEAW.L drawdown of -21.25%. Use the drawdown chart below to compare losses from any high point for WHCA.AS and HEAW.L.
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Drawdown Indicators
| WHCA.AS | HEAW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.19% | -21.25% | -0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -10.39% | -0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -22.19% | -21.25% | -0.94% |
Current DrawdownCurrent decline from peak | -9.64% | -8.53% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -6.61% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.72% | 4.22% | +0.50% |
Volatility
WHCA.AS vs. HEAW.L - Volatility Comparison
iShares MSCI World Health Care Sector Advanced UCITS ETF USD Accumulating (WHCA.AS) and SPDR MSCI World Health Care UCITS ETF (HEAW.L) have volatilities of 5.00% and 4.91%, 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
| WHCA.AS | HEAW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 4.91% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.69% | 9.67% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.92% | 13.77% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.72% | 13.36% | +1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.72% | 13.36% | +1.36% |
WHCA.AS vs. HEAW.L - Expense Ratio Comparison
WHCA.AS has a 0.18% expense ratio, which is lower than HEAW.L's 0.30% expense ratio.
Dividends
WHCA.AS vs. HEAW.L - Dividend Comparison
Neither WHCA.AS nor HEAW.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, WHCA.AS and HEAW.L 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, WHCA.AS is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WHCA.AS is cheaper with a 0.18% expense ratio, compared with 0.30% for HEAW.L.
WHCA.AS tracks MSCI World Health Care Advanced Select 20 35 Capped, while HEAW.L tracks MSCI World/Health Care NR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.18% for WHCA.AS and 0.30% for HEAW.L.
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