WHEA.L vs. SPYL.L
WHEA.L (State Street SPDR MSCI World Health Care UCITS ETF) and SPYL.L (SPDR S&P 500 UCITS ETF USD Acc) 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 SPYL.L is a S&P 500 fund tracking the S&P 500. Both are passively managed. Over the past year, WHEA.L returned 17.80% vs 21.76% for SPYL.L. At a 0.41 correlation, their price movements are largely independent. WHEA.L charges 0.30%/yr vs 0.03%/yr for SPYL.L.
Performance
WHEA.L vs. SPYL.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 SPYL.L's 10.27% 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%
SPYL.L
- 1D
- 0.27%
- 1M
- 0.05%
- 6M
- 9.88%
- YTD
- 10.27%
- 1Y
- 21.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WHEA.L vs. SPYL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WHEA.L State Street SPDR MSCI World Health Care UCITS ETF | 1.40% | 15.24% | 1.05% | 11.20% |
SPYL.L SPDR S&P 500 UCITS ETF USD Acc | 10.27% | 17.38% | 25.35% | 14.40% |
Correlation
The correlation between WHEA.L and SPYL.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2023 | 0.41 |
The correlation between WHEA.L and SPYL.L shifts across timeframes, from 0.30 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WHEA.L vs. SPYL.L — Risk / Return Rank
WHEA.L
SPYL.L
WHEA.L vs. SPYL.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 500 UCITS ETF USD Acc (SPYL.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 | SPYL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.32 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 2.66 | -1.03 |
| Martin ratioReturn relative to average drawdown | 3.96 | 10.73 | -6.76 |
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Drawdowns
WHEA.L vs. SPYL.L - Drawdown Comparison
The maximum WHEA.L drawdown since its inception was -26.20%, which is greater than SPYL.L's maximum drawdown of -20.80%. Use the drawdown chart below to compare losses from any high point for WHEA.L and SPYL.L.
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Drawdown Indicators
| WHEA.L | SPYL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.20% | -20.80% | -5.40% |
Max Drawdown (1Y)Largest decline over 1 year | -10.35% | -8.14% | -2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -19.16% | — | — |
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% | -0.59% | -2.71% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -1.79% | -2.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 2.02% | +2.25% |
Volatility
WHEA.L vs. SPYL.L - Volatility Comparison
State Street SPDR MSCI World Health Care UCITS ETF (WHEA.L) has a higher volatility of 5.90% compared to SPDR S&P 500 UCITS ETF USD Acc (SPYL.L) at 2.76%. This indicates that WHEA.L's price experiences larger fluctuations and is considered to be riskier than SPYL.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 | SPYL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 2.76% | +3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 11.52% | 9.23% | +2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.11% | 11.96% | +3.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.27% | 24.55% | -10.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.73% | 24.55% | -9.82% |
WHEA.L vs. SPYL.L - Expense Ratio Comparison
WHEA.L has a 0.30% expense ratio, which is higher than SPYL.L's 0.03% expense ratio.
Dividends
WHEA.L vs. SPYL.L - Dividend Comparison
Neither WHEA.L nor SPYL.L has paid dividends to shareholders.
Frequently Asked Questions
WHEA.L and SPYL.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.L is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.L is cheaper with a 0.03% expense ratio, compared with 0.30% for WHEA.L.
WHEA.L is categorized as Health & Biotech Equities, while SPYL.L is S&P 500. WHEA.L tracks State Street SPDR MSCI World Health Care UCITS ETF, while SPYL.L tracks S&P 500. Their fees differ too: 0.30% for WHEA.L and 0.03% for SPYL.L.
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