XDJP.L vs. IUHC.L

Last updated Jul 18, 2026

XDJP.L (Xtrackers Nikkei 225 UCITS ETF 1D) and IUHC.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) are both exchange-traded funds - XDJP.L is a Japan Equities fund tracking the TOPIX TR JPY, while IUHC.L is a Health & Biotech Equities fund tracking the S&P 500 Capped 35/20 Health Care Index. Both are passively managed. Over the past 10 years, XDJP.L returned 11.24%/yr vs 9.45%/yr for IUHC.L. At a 0.42 correlation, their price movements are largely independent. XDJP.L charges 0.09%/yr vs 0.15%/yr for IUHC.L.

Performance

XDJP.L vs. IUHC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.L) and iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IUHC.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XDJP.L is traded in GBp, while IUHC.L is traded in USD. To make them comparable, the IUHC.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XDJP.L achieves a 24.42% return, which is significantly higher than IUHC.L's 5.44% return. Over the past 10 years, XDJP.L has outperformed IUHC.L with an annualized return of 11.24%, while IUHC.L has yielded a comparatively lower 9.45% annualized return.

XDJP.L

• 1D: -2.67%
• 1M: -10.09%
• 6M: 16.93%
• YTD: 24.42%
• 1Y: 49.05%
• 3Y*: 19.66%
• 5Y*: 11.68%
• 10Y*: 11.24%

IUHC.L

• 1D: 0.78%
• 1M: 5.78%
• 6M: 4.02%
• YTD: 5.44%
• 1Y: 23.53%
• 3Y*: 7.51%
• 5Y*: 6.70%
• 10Y*: 9.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XDJP.L vs. IUHC.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XDJP.L Xtrackers Nikkei 225 UCITS ETF 1D	24.42%	21.04%	9.68%	15.52%	-10.26%	-3.79%	21.77%	16.59%	-3.53%	14.74%
IUHC.L iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)	5.44%	6.55%	3.95%	-3.36%	8.95%	28.79%	8.64%	15.97%	10.72%	11.60%

Correlation

The correlation between XDJP.L and IUHC.L is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015	0.42

Over the past year, the correlation between XDJP.L and IUHC.L has dropped to 0.02 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

XDJP.L vs. IUHC.L - Sectors Allocation Comparison

Sectors	XDJP.L	IUHC.L
Technology	33.3%	-
Industrials	18.2%	-
Consumer Cyclical	16.6%	-
Communication Services	14.3%	-
Healthcare	6.1%	100.0%
Basic Materials	4.1%	-
Consumer Defensive	2.9%	-
Financial Services	2.9%	-
Real Estate	1.2%	-
Energy	0.3%	-
Utilities	0.1%	-

Return for Risk

XDJP.L vs. IUHC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XDJP.L

XDJP.L Risk / Return Rank: 76
XDJP.L Sharpe Ratio Rank: 77
XDJP.L Sortino Ratio Rank: 76
XDJP.L Omega Ratio Rank: 70
XDJP.L Calmar Ratio Rank: 84
XDJP.L Martin Ratio Rank: 71

IUHC.L

IUHC.L Risk / Return Rank: 55
IUHC.L Sharpe Ratio Rank: 57
IUHC.L Sortino Ratio Rank: 64
IUHC.L Omega Ratio Rank: 55
IUHC.L Calmar Ratio Rank: 58
IUHC.L Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XDJP.L vs. IUHC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.L) and iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IUHC.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.

	XDJP.L	IUHC.L	Difference
Sharpe ratio: Return per unit of total volatility	1.95	1.44	+0.51
Sortino ratio: Return per unit of downside risk	2.69	2.14	+0.55
Omega ratio: Gain probability vs. loss probability	1.33	1.25	+0.08
Calmar ratio: Return relative to maximum drawdown	3.62	2.00	+1.62
Martin ratio: Return relative to average drawdown	10.03	4.97	+5.06

XDJP.L vs. IUHC.L - Sharpe Ratio Comparison

The current XDJP.L Sharpe Ratio is 1.95, which is higher than the IUHC.L Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of XDJP.L and IUHC.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XDJP.L vs. IUHC.L - Drawdown Comparison

The maximum XDJP.L drawdown since its inception was -99.99%, which is greater than IUHC.L's maximum drawdown of -19.70%. Use the drawdown chart below to compare losses from any high point for XDJP.L and IUHC.L.

Drawdown Indicators

	XDJP.L	IUHC.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.99%	-19.70%	-80.29%
Max Drawdown (1Y) Largest decline over 1 year	-13.49%	-11.71%	-1.78%
Max Drawdown (3Y) Largest decline over 3 years	-18.82%	-19.70%	+0.88%
Max Drawdown (5Y) Largest decline over 5 years	-20.61%	-19.70%	-0.91%
Max Drawdown (10Y) Largest decline over 10 years	-23.69%	-19.70%	-3.99%
Current Drawdown Current decline from peak	-99.97%	-1.84%	-98.13%
Average Drawdown Average peak-to-trough decline	-99.40%	-4.69%	-94.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.88%	4.72%	+0.16%

Volatility

XDJP.L vs. IUHC.L - Volatility Comparison

Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.L) has a higher volatility of 9.87% compared to iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IUHC.L) at 5.96%. This indicates that XDJP.L's price experiences larger fluctuations and is considered to be riskier than IUHC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDJP.L	IUHC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.87%	5.96%	+3.91%
Volatility (6M) Calculated over the trailing 6-month period	20.69%	12.19%	+8.50%
Volatility (1Y) Calculated over the trailing 1-year period	25.11%	16.28%	+8.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.43%	15.39%	+3.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.50%	16.46%	+1.04%

XDJP.L vs. IUHC.L - Expense Ratio Comparison

XDJP.L has a 0.09% expense ratio, which is lower than IUHC.L's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XDJP.L vs. IUHC.L - Dividend Comparison

XDJP.L's dividend yield for the trailing twelve months is around 1.10%, while IUHC.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IUHC.L iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XDJP.L Xtrackers Nikkei 225 UCITS ETF 1D	1.10%	1.33%	1.41%	1.60%	2.47%	1.20%	1.11%	1.13%	1.24%	0.72%	0.83%	0.16%

Frequently Asked Questions

Can I hold both XDJP.L and IUHC.L in my portfolio?

XDJP.L and IUHC.L have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDJP.L or IUHC.L?

On fees, XDJP.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDJP.L or IUHC.L?

XDJP.L is cheaper with a 0.09% expense ratio, compared with 0.15% for IUHC.L.

What is the main difference between XDJP.L and IUHC.L?

XDJP.L is categorized as Japan Equities, while IUHC.L is Health & Biotech Equities. XDJP.L tracks TOPIX TR JPY, while IUHC.L tracks S&P 500 Capped 35/20 Health Care Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.09% for XDJP.L and 0.15% for IUHC.L.