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) 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 OMX Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past 5 years, WHCS.AS returned 3.72%/yr vs 17.83%/yr for GRID. At a 0.35 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
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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 GRID's 28.82% 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*
- —
GRID
- 1D
- -0.07%
- 1M
- 1.81%
- YTD
- 28.82%
- 6M
- 28.40%
- 1Y
- 50.60%
- 3Y*
- 26.57%
- 5Y*
- 17.83%
- 10Y*
- 19.50%
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 | -3.10% | 15.82% | -5.39% | 3.78% | -3.40% | 20.66% | 13.10% | 11.49% |
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 28.82% | 29.65% | 15.18% | 21.57% | -13.89% | 27.65% | 48.84% | 7.49% |
Correlation
The correlation between WHCS.AS and GRID is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2019 | 0.35 |
The correlation between WHCS.AS and GRID shifts across timeframes, from 0.21 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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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 (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.
| WHCS.AS | GRID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.44 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 4.34 | -3.47 |
| Martin ratioReturn relative to average drawdown | 2.06 | 16.40 | -14.34 |
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 | GRID | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 2.62 | -1.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.85 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.57 | -0.11 |
Drawdowns
WHCS.AS vs. GRID - Drawdown Comparison
The maximum WHCS.AS drawdown since its inception was -26.37%, 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.
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Drawdown Indicators
| WHCS.AS | GRID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.37% | -40.56% | +14.19% |
Max Drawdown (1Y)Largest decline over 1 year | -10.59% | -11.73% | +1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -19.71% | -20.77% | +1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -29.64% | +9.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.56% | — |
Current DrawdownCurrent decline from peak | -5.71% | -1.40% | -4.31% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -8.43% | +2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 3.09% | +1.38% |
Volatility
WHCS.AS vs. GRID - Volatility Comparison
The current volatility for iShares MSCI World Health Care Sector UCITS ETF USD Inc (WHCS.AS) is 4.88%, while First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) has a volatility of 7.75%. 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.
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Volatility by Period
| WHCS.AS | GRID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 7.75% | -2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 10.53% | 16.08% | -5.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.50% | 19.38% | -4.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.44% | 21.00% | -6.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.38% | 22.80% | -6.42% |
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 1.08%, more than GRID's 0.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 0.77% | 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 | 1.08% | 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 0.21, 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 OMX 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.
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