WHEA.AS vs. SGLN.L
WHEA.AS (SPDR MSCI World Health Care UCITS ETF) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - WHEA.AS is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, WHEA.AS returned 7.34%/yr vs 13.17%/yr for SGLN.L. At a correlation of -0.01, they often move in opposite directions. WHEA.AS charges 0.30%/yr vs 0.12%/yr for SGLN.L.
Performance
WHEA.AS vs. SGLN.L - Performance Comparison
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Different Trading Currencies
WHEA.AS is traded in EUR, while SGLN.L is traded in GBp. To make them comparable, the SGLN.L 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 -4.62% return, which is significantly lower than SGLN.L's 4.16% return. Over the past 10 years, WHEA.AS has underperformed SGLN.L with an annualized return of 7.34%, while SGLN.L has yielded a comparatively higher 13.17% annualized return.
WHEA.AS
- 1D
- 0.75%
- 1M
- 1.30%
- YTD
- -4.62%
- 6M
- -4.77%
- 1Y
- 7.11%
- 3Y*
- 1.83%
- 5Y*
- 4.85%
- 10Y*
- 7.34%
SGLN.L
- 1D
- -1.19%
- 1M
- -2.98%
- YTD
- 4.16%
- 6M
- 5.48%
- 1Y
- 29.71%
- 3Y*
- 27.69%
- 5Y*
- 19.81%
- 10Y*
- 13.17%
WHEA.AS vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WHEA.AS SPDR MSCI World Health Care UCITS ETF | -4.62% | 2.03% | 7.60% | 0.67% | -0.70% | 30.65% | 3.27% | 25.71% | 6.68% | 5.47% |
SGLN.L iShares Physical Gold ETC | 4.16% | 45.64% | 34.39% | 9.51% | 6.07% | 3.76% | 13.12% | 21.93% | 3.07% | -2.32% |
Correlation
The correlation between WHEA.AS and SGLN.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | -0.01 |
The correlation between WHEA.AS and SGLN.L shifts across timeframes, from -0.01 (all time) to 0.11 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WHEA.AS vs. SGLN.L — Risk / Return Rank
WHEA.AS
SGLN.L
WHEA.AS vs. SGLN.L - 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 Physical Gold ETC (SGLN.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.
| WHEA.AS | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.25 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 1.75 | -1.07 |
| Martin ratioReturn relative to average drawdown | 1.67 | 4.51 | -2.84 |
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 | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 1.28 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 1.21 | -0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.88 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.57 | +0.09 |
Drawdowns
WHEA.AS vs. SGLN.L - Drawdown Comparison
The maximum WHEA.AS drawdown since its inception was -25.77%, smaller than the maximum SGLN.L drawdown of -37.02%. Use the drawdown chart below to compare losses from any high point for WHEA.AS and SGLN.L.
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Drawdown Indicators
| WHEA.AS | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.77% | -37.02% | +11.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.31% | -16.91% | +6.60% |
Max Drawdown (3Y)Largest decline over 3 years | -21.20% | -16.91% | -4.29% |
Max Drawdown (5Y)Largest decline over 5 years | -21.20% | -16.91% | -4.29% |
Max Drawdown (10Y)Largest decline over 10 years | -25.77% | -18.37% | -7.40% |
Current DrawdownCurrent decline from peak | -11.05% | -15.88% | +4.83% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -13.26% | +7.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 6.57% | -2.34% |
Volatility
WHEA.AS vs. SGLN.L - Volatility Comparison
The current volatility for SPDR MSCI World Health Care UCITS ETF (WHEA.AS) is 4.21%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 5.01%. This indicates that WHEA.AS experiences smaller price fluctuations and is considered to be less risky than SGLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WHEA.AS | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 5.01% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 9.33% | 20.20% | -10.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.47% | 23.20% | -9.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.34% | 16.40% | -3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.50% | 14.94% | -0.44% |
WHEA.AS vs. SGLN.L - Expense Ratio Comparison
WHEA.AS has a 0.30% expense ratio, which is higher than SGLN.L's 0.12% expense ratio.
Dividends
WHEA.AS vs. SGLN.L - Dividend Comparison
Neither WHEA.AS nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
WHEA.AS and SGLN.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGLN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGLN.L is cheaper with a 0.12% expense ratio, compared with 0.30% for WHEA.AS.
WHEA.AS is categorized as Health & Biotech Equities, while SGLN.L is Gold. WHEA.AS tracks MSCI World/Health Care NR USD, while SGLN.L tracks LBMA Gold Price. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for WHEA.AS and 0.12% for SGLN.L.
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