WHCS.AS vs. FBTU.L
WHCS.AS (iShares MSCI World Health Care Sector UCITS ETF USD Inc) and FBTU.L (First Trust NYSE Arca Biotechnology UCITS ETF Class A USD Accumulating) are both Health & Biotech Equities funds. Over the past 5 years, WHCS.AS returned 3.72%/yr vs 6.94%/yr for FBTU.L. A 0.67 correlation means they provide meaningful diversification when combined. WHCS.AS charges 1.00%/yr vs 0.60%/yr for FBTU.L.
Performance
WHCS.AS vs. FBTU.L - Performance Comparison
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Returns By Period
In the year-to-date period, WHCS.AS achieves a -3.10% return, which is significantly lower than FBTU.L's 8.73% return.
WHCS.AS
- 1D
- 2.89%
- 1M
- 3.09%
- YTD
- -3.10%
- 6M
- -1.69%
- 1Y
- 9.26%
- 3Y*
- 3.43%
- 5Y*
- 3.72%
- 10Y*
- —
FBTU.L
- 1D
- 4.34%
- 1M
- 9.71%
- YTD
- 8.73%
- 6M
- 6.95%
- 1Y
- 38.25%
- 3Y*
- 13.28%
- 5Y*
- 6.94%
- 10Y*
- —
WHCS.AS vs. FBTU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
WHCS.AS iShares MSCI World Health Care Sector UCITS ETF USD Inc | -3.10% | 15.82% | -5.39% | 3.78% | -3.40% | 20.66% | 10.91% |
FBTU.L First Trust NYSE Arca Biotechnology UCITS ETF Class A USD Accumulating | 8.73% | 25.95% | 4.74% | 3.91% | -5.96% | -3.77% | 3.88% |
Correlation
The correlation between WHCS.AS and FBTU.L is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2020 | 0.67 |
The correlation between WHCS.AS and FBTU.L has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.
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Return for Risk
WHCS.AS vs. FBTU.L — Risk / Return Rank
WHCS.AS
FBTU.L
WHCS.AS vs. FBTU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Health Care Sector UCITS ETF USD Inc (WHCS.AS) and First Trust NYSE Arca Biotechnology UCITS ETF Class A USD Accumulating (FBTU.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.
| WHCS.AS | FBTU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.30 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 2.66 | -1.80 |
| Martin ratioReturn relative to average drawdown | 2.06 | 7.17 | -5.11 |
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
| WHCS.AS | FBTU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 1.79 | -1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.33 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.27 | +0.19 |
Drawdowns
WHCS.AS vs. FBTU.L - Drawdown Comparison
The maximum WHCS.AS drawdown since its inception was -26.37%, smaller than the maximum FBTU.L drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for WHCS.AS and FBTU.L.
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Drawdown Indicators
| WHCS.AS | FBTU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.37% | -33.73% | +7.36% |
Max Drawdown (1Y)Largest decline over 1 year | -10.59% | -14.30% | +3.71% |
Max Drawdown (3Y)Largest decline over 3 years | -19.71% | -22.47% | +2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -29.97% | +10.26% |
Current DrawdownCurrent decline from peak | -5.71% | 0.00% | -5.71% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -13.11% | +7.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 5.32% | -0.85% |
Volatility
WHCS.AS vs. FBTU.L - Volatility Comparison
The current volatility for iShares MSCI World Health Care Sector UCITS ETF USD Inc (WHCS.AS) is 4.88%, while First Trust NYSE Arca Biotechnology UCITS ETF Class A USD Accumulating (FBTU.L) has a volatility of 7.25%. This indicates that WHCS.AS experiences smaller price fluctuations and is considered to be less risky than FBTU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WHCS.AS | FBTU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 7.25% | -2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 10.53% | 16.34% | -5.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.50% | 21.31% | -6.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.44% | 20.91% | -6.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.38% | 21.38% | -5.00% |
WHCS.AS vs. FBTU.L - Expense Ratio Comparison
WHCS.AS has a 1.00% expense ratio, which is higher than FBTU.L's 0.60% expense ratio.
Dividends
WHCS.AS vs. FBTU.L - Dividend Comparison
WHCS.AS's dividend yield for the trailing twelve months is around 1.08%, while FBTU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FBTU.L First Trust NYSE Arca Biotechnology UCITS ETF Class A USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WHCS.AS iShares MSCI World Health Care Sector UCITS ETF USD Inc | 1.08% | 1.05% | 1.04% | 1.15% | 1.08% | 1.08% | 1.20% | 0.10% |
Frequently Asked Questions
WHCS.AS and FBTU.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FBTU.L is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FBTU.L is cheaper with a 0.60% expense ratio, compared with 1.00% for WHCS.AS.
They also come from different issuers: iShares and First Trust. Their fees differ too: 1.00% for WHCS.AS and 0.60% for FBTU.L.
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