WHCA.AS vs. IMAE.AS

Last updated Jun 5, 2026

WHCA.AS (iShares MSCI World Health Care Sector Advanced UCITS ETF USD Accumulating) and IMAE.AS (iShares Core MSCI Europe UCITS ETF EUR (Acc)) are both exchange-traded funds - WHCA.AS is a Health & Biotech Equities fund tracking the MSCI World Health Care Advanced Select 20 35 Capped, while IMAE.AS is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 3 years, WHCA.AS returned 0.74%/yr vs 13.66%/yr for IMAE.AS. At a 0.44 correlation, their price movements are largely independent. WHCA.AS charges 0.18%/yr vs 0.20%/yr for IMAE.AS.

Performance

WHCA.AS vs. IMAE.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI World Health Care Sector Advanced UCITS ETF USD Accumulating (WHCA.AS) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WHCA.AS achieves a -2.07% return, which is significantly lower than IMAE.AS's 7.51% return.

WHCA.AS

• 1D: 2.82%
• 1M: 3.91%
• YTD: -2.07%
• 6M: -1.38%
• 1Y: 7.44%
• 3Y*: 0.74%
• 5Y*: —
• 10Y*: —

IMAE.AS

• 1D: 0.53%
• 1M: 3.33%
• YTD: 7.51%
• 6M: 9.82%
• 1Y: 16.13%
• 3Y*: 13.66%
• 5Y*: 9.96%
• 10Y*: 9.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WHCA.AS vs. IMAE.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WHCA.AS iShares MSCI World Health Care Sector Advanced UCITS ETF USD Accumulating	-2.07%	2.44%	0.95%	0.93%	1.99%	3.68%
IMAE.AS iShares Core MSCI Europe UCITS ETF EUR (Acc)	7.51%	19.74%	8.89%	15.99%	-9.31%	0.23%

Correlation

The correlation between WHCA.AS and IMAE.AS is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (All Time) Calculated using the full available price history since Nov 19, 2021	0.44

Return for Risk

WHCA.AS vs. IMAE.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WHCA.AS

WHCA.AS Risk / Return Rank: 17
WHCA.AS Sharpe Ratio Rank: 17
WHCA.AS Sortino Ratio Rank: 18
WHCA.AS Omega Ratio Rank: 17
WHCA.AS Calmar Ratio Rank: 17
WHCA.AS Martin Ratio Rank: 17

IMAE.AS

IMAE.AS Risk / Return Rank: 36
IMAE.AS Sharpe Ratio Rank: 35
IMAE.AS Sortino Ratio Rank: 36
IMAE.AS Omega Ratio Rank: 36
IMAE.AS Calmar Ratio Rank: 35
IMAE.AS Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WHCA.AS vs. IMAE.AS - 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 iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS). 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	IMAE.AS	Difference
Sharpe ratio: Return per unit of total volatility	0.53	1.25	-0.72
Sortino ratio: Return per unit of downside risk	0.88	1.84	-0.96
Omega ratio: Gain probability vs. loss probability	1.10	1.24	-0.14
Calmar ratio: Return relative to maximum drawdown	0.68	1.68	-1.00
Martin ratio: Return relative to average drawdown	1.57	6.22	-4.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WHCA.AS vs. IMAE.AS - Sharpe Ratio Comparison

The current WHCA.AS Sharpe Ratio is 0.53, which is lower than the IMAE.AS Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of WHCA.AS and IMAE.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WHCA.AS	IMAE.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.53	1.25	-0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.53	-0.40

Drawdowns

WHCA.AS vs. IMAE.AS - Drawdown Comparison

The maximum WHCA.AS drawdown since its inception was -22.19%, smaller than the maximum IMAE.AS drawdown of -35.60%. Use the drawdown chart below to compare losses from any high point for WHCA.AS and IMAE.AS.

Drawdown Indicators

	WHCA.AS	IMAE.AS	Difference
Max Drawdown Largest peak-to-trough decline	-22.19%	-35.60%	+13.41%
Max Drawdown (1Y) Largest decline over 1 year	-10.86%	-9.47%	-1.39%
Max Drawdown (3Y) Largest decline over 3 years	-22.19%	-16.51%	-5.68%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.44%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.60%	—
Current Drawdown Current decline from peak	-9.64%	-1.69%	-7.95%
Average Drawdown Average peak-to-trough decline	-6.96%	-5.32%	-1.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.72%	2.56%	+2.16%

Volatility

WHCA.AS vs. IMAE.AS - Volatility Comparison

iShares MSCI World Health Care Sector Advanced UCITS ETF USD Accumulating (WHCA.AS) has a higher volatility of 5.00% compared to iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) at 4.39%. This indicates that WHCA.AS's price experiences larger fluctuations and is considered to be riskier than IMAE.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WHCA.AS	IMAE.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	4.39%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	9.69%	10.62%	-0.93%
Volatility (1Y) Calculated over the trailing 1-year period	13.92%	12.76%	+1.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.72%	14.15%	+0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.72%	15.54%	-0.82%

WHCA.AS vs. IMAE.AS - Expense Ratio Comparison

WHCA.AS has a 0.18% expense ratio, which is lower than IMAE.AS'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

WHCA.AS vs. IMAE.AS - Dividend Comparison

Neither WHCA.AS nor IMAE.AS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WHCA.AS and IMAE.AS in my portfolio?

WHCA.AS and IMAE.AS have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WHCA.AS or IMAE.AS?

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.

Which ETF is cheaper, WHCA.AS or IMAE.AS?

WHCA.AS is cheaper with a 0.18% expense ratio, compared with 0.20% for IMAE.AS.

What is the main difference between WHCA.AS and IMAE.AS?

WHCA.AS is categorized as Health & Biotech Equities, while IMAE.AS is Europe Equities. WHCA.AS tracks MSCI World Health Care Advanced Select 20 35 Capped, while IMAE.AS tracks MSCI Europe NR EUR. Their fees differ too: 0.18% for WHCA.AS and 0.20% for IMAE.AS.