XDWH.DE vs. WH2E.DE
XDWH.DE (Xtrackers MSCI World Health Care UCITS ETF 1C) and WH2E.DE (Invesco S&P World Health Care ESG UCITS ETF Acc) are both Health & Biotech Equities funds - XDWH.DE tracks the MSCI World/Health Care NR USD while WH2E.DE tracks the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Health Care. Both are passively managed. Over the past 3 years, XDWH.DE returned 2.67%/yr vs 3.13%/yr for WH2E.DE. With a 0.97 correlation, they move nearly in lockstep. XDWH.DE charges 0.25%/yr vs 0.18%/yr for WH2E.DE.
Performance
XDWH.DE vs. WH2E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDWH.DE achieves a -1.98% return, which is significantly higher than WH2E.DE's -3.24% return.
XDWH.DE
- 1D
- 2.85%
- 1M
- 3.94%
- YTD
- -1.98%
- 6M
- -1.54%
- 1Y
- 9.60%
- 3Y*
- 2.67%
- 5Y*
- 5.50%
- 10Y*
- 7.61%
WH2E.DE
- 1D
- 2.76%
- 1M
- 4.70%
- YTD
- -3.24%
- 6M
- -2.41%
- 1Y
- 10.18%
- 3Y*
- 3.13%
- 5Y*
- —
- 10Y*
- —
XDWH.DE vs. WH2E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XDWH.DE Xtrackers MSCI World Health Care UCITS ETF 1C | -1.98% | 2.21% | 7.44% | 0.20% |
WH2E.DE Invesco S&P World Health Care ESG UCITS ETF Acc | -3.24% | 2.78% | 7.94% | 1.68% |
Correlation
The correlation between XDWH.DE and WH2E.DE is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.97 |
The correlation between XDWH.DE and WH2E.DE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
XDWH.DE vs. WH2E.DE — Risk / Return Rank
XDWH.DE
WH2E.DE
XDWH.DE vs. WH2E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.DE) and Invesco S&P World Health Care ESG UCITS ETF Acc (WH2E.DE). 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.
| XDWH.DE | WH2E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 0.83 | +0.10 |
| Martin ratioReturn relative to average drawdown | 2.28 | 2.15 | +0.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XDWH.DE | WH2E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 0.68 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.20 | +0.35 |
Drawdowns
XDWH.DE vs. WH2E.DE - Drawdown Comparison
The maximum XDWH.DE drawdown since its inception was -26.08%, which is greater than WH2E.DE's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for XDWH.DE and WH2E.DE.
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Drawdown Indicators
| XDWH.DE | WH2E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.08% | -22.19% | -3.89% |
Max Drawdown (1Y)Largest decline over 1 year | -10.32% | -12.23% | +1.91% |
Max Drawdown (3Y)Largest decline over 3 years | -21.12% | -22.19% | +1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -21.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.08% | — | — |
Current DrawdownCurrent decline from peak | -8.51% | -10.45% | +1.94% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -6.94% | +2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.20% | 4.73% | -0.53% |
Volatility
XDWH.DE vs. WH2E.DE - Volatility Comparison
The current volatility for Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.DE) is 4.81%, while Invesco S&P World Health Care ESG UCITS ETF Acc (WH2E.DE) has a volatility of 5.21%. This indicates that XDWH.DE experiences smaller price fluctuations and is considered to be less risky than WH2E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDWH.DE | WH2E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 5.21% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 9.51% | 10.46% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.69% | 14.86% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.43% | 13.91% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.69% | 13.91% | +0.78% |
XDWH.DE vs. WH2E.DE - Expense Ratio Comparison
XDWH.DE has a 0.25% expense ratio, which is higher than WH2E.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XDWH.DE vs. WH2E.DE - Dividend Comparison
Neither XDWH.DE nor WH2E.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, XDWH.DE and WH2E.DE 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, WH2E.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WH2E.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for XDWH.DE.
XDWH.DE tracks MSCI World/Health Care NR USD, while WH2E.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Health Care. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.25% for XDWH.DE and 0.18% for WH2E.DE.
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