WHEA.L vs. GXLV.L
WHEA.L (State Street SPDR MSCI World Health Care UCITS ETF) and GXLV.L (SPDR S&P US Health Care Select Sector UCITS ETF) are both Health & Biotech Equities funds from State Street - WHEA.L tracks the State Street SPDR MSCI World Health Care UCITS ETF while GXLV.L tracks the MSCI World/Health Care NR USD. Both are passively managed. Over the past 10 years, WHEA.L returned 8.14%/yr vs 6.38%/yr for GXLV.L. A 0.70 correlation means they provide meaningful diversification when combined. WHEA.L charges 0.30%/yr vs 0.15%/yr for GXLV.L.
Performance
WHEA.L vs. GXLV.L - Performance Comparison
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Different Trading Currencies
WHEA.L is traded in USD, while GXLV.L is traded in GBP. To make them comparable, the GXLV.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, WHEA.L achieves a 1.40% return, which is significantly lower than GXLV.L's 2.07% return. Over the past 10 years, WHEA.L has outperformed GXLV.L with an annualized return of 8.14%, while GXLV.L has yielded a comparatively lower 6.38% 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%
GXLV.L
- 1D
- 0.00%
- 1M
- 3.64%
- 6M
- 1.20%
- YTD
- 2.07%
- 1Y
- 20.44%
- 3Y*
- 7.82%
- 5Y*
- -0.96%
- 10Y*
- 6.38%
WHEA.L vs. GXLV.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% |
GXLV.L SPDR S&P US Health Care Select Sector UCITS ETF | 2.07% | 15.16% | 2.00% | 1.16% | -27.54% | 24.44% | 16.42% | 25.10% | 0.01% | 32.96% |
Correlation
The correlation between WHEA.L and GXLV.L is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2015 | 0.70 |
The correlation between WHEA.L and GXLV.L shifts across timeframes, from 0.69 (10 years) to 0.87 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WHEA.L vs. GXLV.L — Risk / Return Rank
WHEA.L
GXLV.L
WHEA.L vs. GXLV.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 S&P US Health Care Select Sector UCITS ETF (GXLV.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 | GXLV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.24 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.96 | -0.33 |
| Martin ratioReturn relative to average drawdown | 3.96 | 4.81 | -0.85 |
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Drawdowns
WHEA.L vs. GXLV.L - Drawdown Comparison
The maximum WHEA.L drawdown since its inception was -26.20%, smaller than the maximum GXLV.L drawdown of -37.17%. Use the drawdown chart below to compare losses from any high point for WHEA.L and GXLV.L.
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Drawdown Indicators
| WHEA.L | GXLV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.20% | -37.17% | +10.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.35% | -10.45% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -19.16% | -17.58% | -1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -19.16% | -37.17% | +18.01% |
Max Drawdown (10Y)Largest decline over 10 years | -26.20% | -37.17% | +10.97% |
Current DrawdownCurrent decline from peak | -3.30% | -12.26% | +8.96% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -15.57% | +10.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 4.26% | +0.01% |
Volatility
WHEA.L vs. GXLV.L - Volatility Comparison
State Street SPDR MSCI World Health Care UCITS ETF (WHEA.L) and SPDR S&P US Health Care Select Sector UCITS ETF (GXLV.L) have volatilities of 5.90% and 5.75%, 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.L | GXLV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 5.75% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 11.52% | 11.34% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.11% | 15.23% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.27% | 18.34% | -4.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.73% | 19.84% | -5.11% |
WHEA.L vs. GXLV.L - Expense Ratio Comparison
WHEA.L has a 0.30% expense ratio, which is higher than GXLV.L's 0.15% expense ratio.
Dividends
WHEA.L vs. GXLV.L - Dividend Comparison
Neither WHEA.L nor GXLV.L has paid dividends to shareholders.
Frequently Asked Questions
WHEA.L and GXLV.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GXLV.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXLV.L is cheaper with a 0.15% expense ratio, compared with 0.30% for WHEA.L.
WHEA.L tracks State Street SPDR MSCI World Health Care UCITS ETF, while GXLV.L tracks MSCI World/Health Care NR USD. Their fees differ too: 0.30% for WHEA.L and 0.15% for GXLV.L.
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