WHEA.L vs. GNOM.L
WHEA.L (State Street SPDR MSCI World Health Care UCITS ETF) and GNOM.L (Global X Genomics & Biotechnology UCITS ETF) are both Health & Biotech Equities funds - WHEA.L tracks the State Street SPDR MSCI World Health Care UCITS ETF while GNOM.L tracks the Global X Genomics & Biotechnology UCITS ETF. Both are passively managed. Over the past 3 years, WHEA.L returned 7.00%/yr vs 4.58%/yr for GNOM.L. A 0.56 correlation means they provide meaningful diversification when combined. WHEA.L charges 0.30%/yr vs 0.50%/yr for GNOM.L.
Performance
WHEA.L vs. GNOM.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 GNOM.L's 22.10% 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%
GNOM.L
- 1D
- -0.17%
- 1M
- 11.69%
- 6M
- 15.71%
- YTD
- 22.10%
- 1Y
- 62.79%
- 3Y*
- 4.58%
- 5Y*
- —
- 10Y*
- —
WHEA.L vs. GNOM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WHEA.L State Street SPDR MSCI World Health Care UCITS ETF | 1.40% | 15.24% | 1.05% | 3.54% | -5.55% | 3.21% |
GNOM.L Global X Genomics & Biotechnology UCITS ETF | 22.10% | 19.30% | -17.99% | -5.77% | -37.21% | -8.59% |
Correlation
The correlation between WHEA.L and GNOM.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2021 | 0.56 |
The correlation between WHEA.L and GNOM.L has been stable across timeframes, ranging from 0.54 to 0.56 - a consistent structural relationship.
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Return for Risk
WHEA.L vs. GNOM.L — Risk / Return Rank
WHEA.L
GNOM.L
WHEA.L vs. GNOM.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 Global X Genomics & Biotechnology UCITS ETF (GNOM.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 | GNOM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.34 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 3.35 | -1.72 |
| Martin ratioReturn relative to average drawdown | 3.96 | 9.16 | -5.20 |
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Drawdowns
WHEA.L vs. GNOM.L - Drawdown Comparison
The maximum WHEA.L drawdown since its inception was -26.20%, smaller than the maximum GNOM.L drawdown of -69.32%. Use the drawdown chart below to compare losses from any high point for WHEA.L and GNOM.L.
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Drawdown Indicators
| WHEA.L | GNOM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.20% | -69.32% | +43.12% |
Max Drawdown (1Y)Largest decline over 1 year | -10.35% | -18.91% | +8.56% |
Max Drawdown (3Y)Largest decline over 3 years | -19.16% | -44.77% | +25.61% |
Max Drawdown (5Y)Largest decline over 5 years | -19.16% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.20% | — | — |
Current DrawdownCurrent decline from peak | -3.30% | -37.11% | +33.81% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -47.16% | +42.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 6.92% | -2.65% |
Volatility
WHEA.L vs. GNOM.L - Volatility Comparison
The current volatility for State Street SPDR MSCI World Health Care UCITS ETF (WHEA.L) is 5.90%, while Global X Genomics & Biotechnology UCITS ETF (GNOM.L) has a volatility of 8.41%. This indicates that WHEA.L experiences smaller price fluctuations and is considered to be less risky than GNOM.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 | GNOM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 8.41% | -2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 11.52% | 22.18% | -10.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.11% | 29.87% | -14.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.27% | 33.11% | -18.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.73% | 33.11% | -18.38% |
WHEA.L vs. GNOM.L - Expense Ratio Comparison
WHEA.L has a 0.30% expense ratio, which is lower than GNOM.L's 0.50% expense ratio.
Dividends
WHEA.L vs. GNOM.L - Dividend Comparison
Neither WHEA.L nor GNOM.L has paid dividends to shareholders.
Frequently Asked Questions
WHEA.L and GNOM.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WHEA.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WHEA.L is cheaper with a 0.30% expense ratio, compared with 0.50% for GNOM.L.
WHEA.L tracks State Street SPDR MSCI World Health Care UCITS ETF, while GNOM.L tracks Global X Genomics & Biotechnology UCITS ETF. They also come from different issuers: State Street and Global X. Their fees differ too: 0.30% for WHEA.L and 0.50% for GNOM.L.
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