WHEA.AS vs. ^SP500TR

Last updated Jun 5, 2026

WHEA.AS (SPDR MSCI World Health Care UCITS ETF) is Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD, while ^SP500TR (S&P 500 Total Return) is an index. Over the past 10 years, WHEA.AS returned 7.60%/yr vs 15.33%/yr for ^SP500TR. At a 0.48 correlation, their price movements are largely independent.

Performance

WHEA.AS vs. ^SP500TR - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI World Health Care UCITS ETF (WHEA.AS) and S&P 500 Total Return (^SP500TR). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WHEA.AS is traded in EUR, while ^SP500TR is traded in USD. To make them comparable, the ^SP500TR values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, WHEA.AS achieves a -1.97% return, which is significantly lower than ^SP500TR's 12.63% return. Over the past 10 years, WHEA.AS has underperformed ^SP500TR with an annualized return of 7.60%, while ^SP500TR has yielded a comparatively higher 15.33% annualized return.

WHEA.AS

• 1D: 2.78%
• 1M: 3.81%
• YTD: -1.97%
• 6M: -1.50%
• 1Y: 9.57%
• 3Y*: 2.59%
• 5Y*: 5.42%
• 10Y*: 7.60%

^SP500TR

• 1D: 0.28%
• 1M: 5.31%
• YTD: 12.63%
• 6M: 11.57%
• 1Y: 26.42%
• 3Y*: 19.46%
• 5Y*: 15.08%
• 10Y*: 15.33%

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

WHEA.AS vs. ^SP500TR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WHEA.AS SPDR MSCI World Health Care UCITS ETF	-1.97%	2.03%	7.60%	0.67%	-0.70%	30.65%	3.27%	25.71%	6.68%	5.47%
^SP500TR S&P 500 Total Return	12.63%	3.89%	33.27%	22.50%	-13.04%	38.33%	8.64%	34.46%	0.10%	6.86%

Correlation

The correlation between WHEA.AS and ^SP500TR is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Feb 25, 2009	0.48

Over the past year, the correlation between WHEA.AS and ^SP500TR has dropped to 0.26 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.

Return for Risk

WHEA.AS vs. ^SP500TR — Risk / Return Rank

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

WHEA.AS

WHEA.AS Risk / Return Rank: 21
WHEA.AS Sharpe Ratio Rank: 21
WHEA.AS Sortino Ratio Rank: 22
WHEA.AS Omega Ratio Rank: 20
WHEA.AS Calmar Ratio Rank: 21
WHEA.AS Martin Ratio Rank: 20

^SP500TR

^SP500TR Risk / Return Rank: 84
^SP500TR Sharpe Ratio Rank: 83
^SP500TR Sortino Ratio Rank: 85
^SP500TR Omega Ratio Rank: 83
^SP500TR Calmar Ratio Rank: 80
^SP500TR Martin Ratio Rank: 90

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.

WHEA.AS vs. ^SP500TR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Health Care UCITS ETF (WHEA.AS) and S&P 500 Total Return (^SP500TR). 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.

	WHEA.AS	^SP500TR	Difference
Sharpe ratio: Return per unit of total volatility	0.69	2.16	-1.47
Sortino ratio: Return per unit of downside risk	1.13	2.81	-1.67
Omega ratio: Gain probability vs. loss probability	1.13	1.40	-0.27
Calmar ratio: Return relative to maximum drawdown	0.92	3.63	-2.71
Martin ratio: Return relative to average drawdown	2.24	13.71	-11.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WHEA.AS vs. ^SP500TR - Sharpe Ratio Comparison

The current WHEA.AS Sharpe Ratio is 0.69, which is lower than the ^SP500TR Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of WHEA.AS and ^SP500TR, 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

	WHEA.AS	^SP500TR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	2.16	-1.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.90	-0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.83	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.62	+0.06

Drawdowns

WHEA.AS vs. ^SP500TR - Drawdown Comparison

The maximum WHEA.AS drawdown since its inception was -25.77%, smaller than the maximum ^SP500TR drawdown of -49.91%. Use the drawdown chart below to compare losses from any high point for WHEA.AS and ^SP500TR.

Drawdown Indicators

	WHEA.AS	^SP500TR	Difference
Max Drawdown Largest peak-to-trough decline	-25.77%	-49.91%	+24.14%
Max Drawdown (1Y) Largest decline over 1 year	-10.31%	-7.32%	-2.99%
Max Drawdown (3Y) Largest decline over 3 years	-21.20%	-23.82%	+2.62%
Max Drawdown (5Y) Largest decline over 5 years	-21.20%	-23.82%	+2.62%
Max Drawdown (10Y) Largest decline over 10 years	-25.77%	-33.29%	+7.52%
Current Drawdown Current decline from peak	-8.58%	-0.18%	-8.40%
Average Drawdown Average peak-to-trough decline	-5.79%	-7.83%	+2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.24%	1.93%	+2.31%

Volatility

WHEA.AS vs. ^SP500TR - Volatility Comparison

SPDR MSCI World Health Care UCITS ETF (WHEA.AS) has a higher volatility of 4.99% compared to S&P 500 Total Return (^SP500TR) at 2.23%. This indicates that WHEA.AS's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WHEA.AS	^SP500TR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.99%	2.23%	+2.76%
Volatility (6M) Calculated over the trailing 6-month period	9.73%	8.61%	+1.12%
Volatility (1Y) Calculated over the trailing 1-year period	13.73%	12.28%	+1.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.39%	16.79%	-3.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.53%	18.59%	-4.06%

Frequently Asked Questions

Can I hold both WHEA.AS and ^SP500TR in my portfolio?

WHEA.AS and ^SP500TR have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.