WHEA.L vs. XDWH.L
WHEA.L (State Street SPDR MSCI World Health Care UCITS ETF) and XDWH.L (Xtrackers MSCI World Health Care UCITS ETF 1C) are both Health & Biotech Equities funds - WHEA.L tracks the State Street SPDR MSCI World Health Care UCITS ETF while XDWH.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 8.10%/yr for XDWH.L. With a 0.98 correlation, they move nearly in lockstep. WHEA.L charges 0.30%/yr vs 0.25%/yr for XDWH.L.
Performance
WHEA.L vs. XDWH.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 higher than XDWH.L's 1.26% return. Both investments have delivered pretty close results over the past 10 years, with WHEA.L having a 8.14% annualized return and XDWH.L not far behind at 8.10%.
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%
XDWH.L
- 1D
- 0.56%
- 1M
- 3.48%
- 6M
- -0.54%
- YTD
- 1.26%
- 1Y
- 17.39%
- 3Y*
- 6.92%
- 5Y*
- 4.42%
- 10Y*
- 8.10%
WHEA.L vs. XDWH.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% |
XDWH.L Xtrackers MSCI World Health Care UCITS ETF 1C | 1.26% | 15.25% | 0.75% | 3.81% | -5.42% | 20.56% | 12.88% | 22.95% | 2.11% | 19.53% |
Correlation
The correlation between WHEA.L and XDWH.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2010 | 0.98 |
The correlation between WHEA.L and XDWH.L has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
WHEA.L vs. XDWH.L — Risk / Return Rank
WHEA.L
XDWH.L
WHEA.L vs. XDWH.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 Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.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 | XDWH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.67 | -0.04 |
| Martin ratioReturn relative to average drawdown | 3.96 | 4.06 | -0.10 |
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Drawdowns
WHEA.L vs. XDWH.L - Drawdown Comparison
The maximum WHEA.L drawdown since its inception was -26.20%, roughly equal to the maximum XDWH.L drawdown of -26.24%. Use the drawdown chart below to compare losses from any high point for WHEA.L and XDWH.L.
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Drawdown Indicators
| WHEA.L | XDWH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.20% | -26.24% | +0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -10.35% | -10.39% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -19.16% | -19.27% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -19.16% | -19.27% | +0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -26.20% | -26.24% | +0.04% |
Current DrawdownCurrent decline from peak | -3.30% | -3.47% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -4.79% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 4.28% | -0.01% |
Volatility
WHEA.L vs. XDWH.L - Volatility Comparison
State Street SPDR MSCI World Health Care UCITS ETF (WHEA.L) and Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.L) have volatilities of 5.90% and 5.80%, 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 | XDWH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 5.80% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 11.52% | 11.62% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.11% | 15.20% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.27% | 14.36% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.73% | 14.97% | -0.24% |
WHEA.L vs. XDWH.L - Expense Ratio Comparison
WHEA.L has a 0.30% expense ratio, which is higher than XDWH.L's 0.25% expense ratio.
Dividends
WHEA.L vs. XDWH.L - Dividend Comparison
Neither WHEA.L nor XDWH.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, WHEA.L and XDWH.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XDWH.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDWH.L is cheaper with a 0.25% expense ratio, compared with 0.30% for WHEA.L.
WHEA.L tracks State Street SPDR MSCI World Health Care UCITS ETF, while XDWH.L tracks MSCI World/Health Care NR USD. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.30% for WHEA.L and 0.25% for XDWH.L.
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