WHEA.AS vs. IXJ
WHEA.AS (SPDR MSCI World Health Care UCITS ETF) and IXJ (iShares Global Healthcare ETF) are both Health & Biotech Equities funds - WHEA.AS tracks the MSCI World/Health Care NR USD while IXJ tracks the S&P Global Healthcare Sector Index. Both are passively managed. Over the past 10 years, WHEA.AS returned 7.60%/yr vs 7.69%/yr for IXJ. A 0.68 correlation means they provide meaningful diversification when combined. WHEA.AS charges 0.30%/yr vs 0.46%/yr for IXJ.
Performance
WHEA.AS vs. IXJ - Performance Comparison
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Different Trading Currencies
WHEA.AS is traded in EUR, while IXJ is traded in USD. To make them comparable, the IXJ 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 IXJ's -1.27% return. Both investments have delivered pretty close results over the past 10 years, with WHEA.AS having a 7.60% annualized return and IXJ not far ahead at 7.69%.
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%
IXJ
- 1D
- 2.89%
- 1M
- 3.65%
- YTD
- -1.27%
- 6M
- -0.97%
- 1Y
- 10.18%
- 3Y*
- 2.58%
- 5Y*
- 5.62%
- 10Y*
- 7.69%
WHEA.AS vs. IXJ - 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% |
IXJ iShares Global Healthcare ETF | -1.27% | 1.34% | 7.19% | 0.52% | 0.95% | 28.55% | 3.45% | 26.01% | 7.66% | 5.64% |
Correlation
The correlation between WHEA.AS and IXJ is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2009 | 0.68 |
The correlation between WHEA.AS and IXJ shifts across timeframes, from 0.65 (5 years) to 0.76 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WHEA.AS vs. IXJ — Risk / Return Rank
WHEA.AS
IXJ
WHEA.AS vs. IXJ - 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 iShares Global Healthcare ETF (IXJ). 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 | IXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.02 | -0.10 |
| Martin ratioReturn relative to average drawdown | 2.24 | 2.51 | -0.27 |
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
| WHEA.AS | IXJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 0.71 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.40 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.48 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.54 | +0.13 |
Drawdowns
WHEA.AS vs. IXJ - Drawdown Comparison
The maximum WHEA.AS drawdown since its inception was -25.77%, smaller than the maximum IXJ drawdown of -32.36%. Use the drawdown chart below to compare losses from any high point for WHEA.AS and IXJ.
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Drawdown Indicators
| WHEA.AS | IXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.77% | -32.36% | +6.59% |
Max Drawdown (1Y)Largest decline over 1 year | -10.31% | -10.01% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -21.20% | -21.34% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -21.20% | -21.34% | +0.14% |
Max Drawdown (10Y)Largest decline over 10 years | -25.77% | -26.63% | +0.86% |
Current DrawdownCurrent decline from peak | -8.58% | -8.68% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -6.61% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.24% | 4.07% | +0.17% |
Volatility
WHEA.AS vs. IXJ - Volatility Comparison
SPDR MSCI World Health Care UCITS ETF (WHEA.AS) and iShares Global Healthcare ETF (IXJ) have volatilities of 4.99% and 4.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WHEA.AS | IXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 4.88% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 9.73% | 10.23% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.73% | 14.34% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.39% | 14.05% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.53% | 16.09% | -1.56% |
WHEA.AS vs. IXJ - Expense Ratio Comparison
WHEA.AS has a 0.30% expense ratio, which is lower than IXJ's 0.46% expense ratio.
Dividends
WHEA.AS vs. IXJ - Dividend Comparison
WHEA.AS has not paid dividends to shareholders, while IXJ's dividend yield for the trailing twelve months is around 1.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXJ iShares Global Healthcare ETF | 1.43% | 1.40% | 1.50% | 1.38% | 1.17% | 1.12% | 1.27% | 1.42% | 2.11% | 1.46% | 1.73% | 2.85% |
WHEA.AS SPDR MSCI World Health Care UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WHEA.AS and IXJ have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WHEA.AS is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WHEA.AS is cheaper with a 0.30% expense ratio, compared with 0.46% for IXJ.
WHEA.AS tracks MSCI World/Health Care NR USD, while IXJ tracks S&P Global Healthcare Sector Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for WHEA.AS and 0.46% for IXJ.
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