WHCS.AS vs. GRID
WHCS.AS (iShares MSCI World Health Care Sector UCITS ETF USD Inc) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - WHCS.AS is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past 5 years, WHCS.AS returned 3.43%/yr vs 15.25%/yr for GRID. At a 0.33 correlation, their price movements are largely independent. WHCS.AS charges 1.00%/yr vs 0.70%/yr for GRID.
Performance
WHCS.AS vs. GRID - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WHCS.AS achieves a 0.99% return, which is significantly lower than GRID's 18.27% return.
WHCS.AS
- 1D
- -0.28%
- 1M
- 5.78%
- 6M
- 0.22%
- YTD
- 0.99%
- 1Y
- 17.68%
- 3Y*
- 4.00%
- 5Y*
- 3.43%
- 10Y*
- —
- ALL TIME*
- 8.02%
GRID
- 1D
- 1.73%
- 1M
- -7.10%
- 6M
- 15.29%
- YTD
- 18.27%
- 1Y
- 27.15%
- 3Y*
- 20.20%
- 5Y*
- 15.25%
- 10Y*
- 18.65%
- ALL TIME*
- 12.56%
WHCS.AS vs. GRID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
WHCS.AS iShares MSCI World Health Care Sector UCITS ETF USD Inc | 0.99% | 15.91% | -5.14% | 3.47% | -3.45% | 20.74% | 13.03% | 11.31% |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 18.27% | 29.65% | 15.18% | 21.57% | -13.89% | 27.65% | 48.84% | 9.89% |
Correlation
The correlation between WHCS.AS and GRID is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2019 | 0.33 |
Over the past year, the correlation between WHCS.AS and GRID has dropped to 0.10 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WHCS.AS vs. GRID — Risk / Return Rank
WHCS.AS
GRID
WHCS.AS vs. GRID - 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 NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WHCS.AS | GRID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 2.33 | -0.68 |
| Martin ratioReturn relative to average drawdown | 3.96 | 6.94 | -2.98 |
Loading charts...
Drawdowns
WHCS.AS vs. GRID - Drawdown Comparison
The maximum WHCS.AS drawdown since its inception was -26.42%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for WHCS.AS and GRID.
Loading charts...
Drawdown Indicators
| WHCS.AS | GRID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.42% | -40.56% | +14.14% |
Max Drawdown (1Y)Largest decline over 1 year | -10.63% | -11.73% | +1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -19.89% | -20.62% | +0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -19.89% | -29.64% | +9.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.56% | — |
Current DrawdownCurrent decline from peak | -3.05% | -9.48% | +6.43% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -8.41% | +3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.41% | 3.92% | +0.49% |
Volatility
WHCS.AS vs. GRID - Volatility Comparison
The current volatility for iShares MSCI World Health Care Sector UCITS ETF USD Inc (WHCS.AS) is 5.30%, while First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a volatility of 8.72%. This indicates that WHCS.AS experiences smaller price fluctuations and is considered to be less risky than GRID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WHCS.AS | GRID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 8.72% | -3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 11.53% | 19.40% | -7.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 22.11% | -6.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.79% | 21.51% | -6.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.17% | 22.72% | -6.55% |
WHCS.AS vs. GRID - Expense Ratio Comparison
WHCS.AS has a 1.00% expense ratio, which is higher than GRID's 0.70% expense ratio.
Dividends
WHCS.AS vs. GRID - Dividend Comparison
WHCS.AS's dividend yield for the trailing twelve months is around 1.28%, more than GRID's 0.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 0.79% | 1.01% | 1.06% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% |
WHCS.AS iShares MSCI World Health Care Sector UCITS ETF USD Inc | 1.28% | 1.05% | 1.04% | 1.15% | 1.08% | 1.08% | 1.20% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WHCS.AS and GRID have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GRID is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GRID is cheaper with a 0.70% expense ratio, compared with 1.00% for WHCS.AS.
WHCS.AS is categorized as Health & Biotech Equities, while GRID is Alternative Energy Equities. WHCS.AS tracks MSCI World/Health Care NR USD, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. They also come from different issuers: iShares and First Trust. Their fees differ too: 1.00% for WHCS.AS and 0.70% for GRID.
Find the right allocation for WHCS.AS and GRID
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer