WHEA.L vs. ACWD.L
WHEA.L (State Street SPDR MSCI World Health Care UCITS ETF) and ACWD.L (SPDR MSCI All Country World UCITS ETF) are both exchange-traded funds - WHEA.L is a Health & Biotech Equities fund tracking the State Street SPDR MSCI World Health Care UCITS ETF, while ACWD.L is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 10 years, WHEA.L returned 8.14%/yr vs 12.42%/yr for ACWD.L. A 0.65 correlation means they provide meaningful diversification when combined. WHEA.L charges 0.30%/yr vs 0.12%/yr for ACWD.L.
Performance
WHEA.L vs. ACWD.L - Performance Comparison
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Returns By Period
In the year-to-date period, WHEA.L achieves a 1.40% return, which is significantly lower than ACWD.L's 11.10% return. Over the past 10 years, WHEA.L has underperformed ACWD.L with an annualized return of 8.14%, while ACWD.L has yielded a comparatively higher 12.42% annualized return.
WHEA.L
- 1D
- 0.44%
- 1M
- 3.82%
- 6M
- -0.33%
- YTD
- 1.40%
- 1Y
- 17.80%
- 3Y*
- 7.00%
- 5Y*
- 4.42%
- 10Y*
- 8.14%
ACWD.L
- 1D
- 0.07%
- 1M
- -0.64%
- 6M
- 9.52%
- YTD
- 11.10%
- 1Y
- 23.82%
- 3Y*
- 19.08%
- 5Y*
- 11.05%
- 10Y*
- 12.42%
WHEA.L vs. ACWD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WHEA.L State Street SPDR MSCI World Health Care UCITS ETF | 1.40% | 15.24% | 1.05% | 3.54% | -5.55% | 20.41% | 12.93% | 23.18% | 1.48% | 20.27% |
ACWD.L SPDR MSCI All Country World UCITS ETF | 11.10% | 22.83% | 17.76% | 22.27% | -18.37% | 18.77% | 15.91% | 25.80% | -9.85% | 24.09% |
Correlation
The correlation between WHEA.L and ACWD.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since May 16, 2011 | 0.65 |
Over the past year, the correlation between WHEA.L and ACWD.L has dropped to 0.33 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
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Return for Risk
WHEA.L vs. ACWD.L — Risk / Return Rank
WHEA.L
ACWD.L
WHEA.L vs. ACWD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI World Health Care UCITS ETF (WHEA.L) and SPDR MSCI All Country World UCITS ETF (ACWD.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.
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.
| WHEA.L | ACWD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.34 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 2.72 | -1.08 |
| Martin ratioReturn relative to average drawdown | 3.96 | 10.81 | -6.85 |
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Drawdowns
WHEA.L vs. ACWD.L - Drawdown Comparison
The maximum WHEA.L drawdown since its inception was -26.20%, smaller than the maximum ACWD.L drawdown of -33.64%. Use the drawdown chart below to compare losses from any high point for WHEA.L and ACWD.L.
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Drawdown Indicators
| WHEA.L | ACWD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.20% | -33.64% | +7.44% |
Max Drawdown (1Y)Largest decline over 1 year | -10.35% | -8.73% | -1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -19.16% | -16.51% | -2.65% |
Max Drawdown (5Y)Largest decline over 5 years | -19.16% | -26.18% | +7.02% |
Max Drawdown (10Y)Largest decline over 10 years | -26.20% | -33.64% | +7.44% |
Current DrawdownCurrent decline from peak | -3.30% | -1.08% | -2.22% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -4.86% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 2.20% | +2.07% |
Volatility
WHEA.L vs. ACWD.L - Volatility Comparison
State Street SPDR MSCI World Health Care UCITS ETF (WHEA.L) has a higher volatility of 5.90% compared to SPDR MSCI All Country World UCITS ETF (ACWD.L) at 3.28%. This indicates that WHEA.L's price experiences larger fluctuations and is considered to be riskier than ACWD.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.L | ACWD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 3.28% | +2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 11.52% | 10.70% | +0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.11% | 13.03% | +2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.27% | 15.66% | -1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.73% | 15.73% | -1.00% |
WHEA.L vs. ACWD.L - Expense Ratio Comparison
WHEA.L has a 0.30% expense ratio, which is higher than ACWD.L's 0.12% expense ratio.
Dividends
WHEA.L vs. ACWD.L - Dividend Comparison
Neither WHEA.L nor ACWD.L has paid dividends to shareholders.
Frequently Asked Questions
WHEA.L and ACWD.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ACWD.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ACWD.L is cheaper with a 0.12% expense ratio, compared with 0.30% for WHEA.L.
WHEA.L is categorized as Health & Biotech Equities, while ACWD.L is Global Equities. WHEA.L tracks State Street SPDR MSCI World Health Care UCITS ETF, while ACWD.L tracks MSCI ACWI Index. Their fees differ too: 0.30% for WHEA.L and 0.12% for ACWD.L.
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