XDWH.L vs. IHCU.L
XDWH.L (Xtrackers MSCI World Health Care UCITS ETF 1C) and IHCU.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) are both Health & Biotech Equities funds - XDWH.L tracks the MSCI World/Health Care NR USD while IHCU.L tracks the iShares S&P 500 Health Care Sector UCITS ETF USD (Acc). Both are passively managed. Over the past 10 years, XDWH.L returned 8.10%/yr vs 9.54%/yr for IHCU.L. Their correlation of 0.86 suggests significant overlap in exposure. XDWH.L charges 0.25%/yr vs 0.15%/yr for IHCU.L.
Performance
XDWH.L vs. IHCU.L - Performance Comparison
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Different Trading Currencies
XDWH.L is traded in USD, while IHCU.L is traded in GBp. To make them comparable, the IHCU.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XDWH.L achieves a 1.26% return, which is significantly lower than IHCU.L's 3.24% return. Over the past 10 years, XDWH.L has underperformed IHCU.L with an annualized return of 8.10%, while IHCU.L has yielded a comparatively higher 9.54% annualized return.
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%
IHCU.L
- 1D
- 0.00%
- 1M
- 4.56%
- 6M
- 2.21%
- YTD
- 3.24%
- 1Y
- 21.72%
- 3Y*
- 8.23%
- 5Y*
- 5.83%
- 10Y*
- 9.54%
XDWH.L vs. IHCU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
IHCU.L iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) | 3.24% | 14.83% | 2.22% | 1.18% | -2.66% | 27.98% | 11.40% | 21.58% | 4.18% | 21.90% |
Correlation
The correlation between XDWH.L and IHCU.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.86 |
The correlation between XDWH.L and IHCU.L has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.
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Return for Risk
XDWH.L vs. IHCU.L — Risk / Return Rank
XDWH.L
IHCU.L
XDWH.L vs. IHCU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.L) and iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IHCU.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.
| XDWH.L | IHCU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.24 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 2.00 | -0.34 |
| Martin ratioReturn relative to average drawdown | 4.06 | 4.97 | -0.91 |
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Drawdowns
XDWH.L vs. IHCU.L - Drawdown Comparison
The maximum XDWH.L drawdown since its inception was -26.24%, smaller than the maximum IHCU.L drawdown of -41.33%. Use the drawdown chart below to compare losses from any high point for XDWH.L and IHCU.L.
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Drawdown Indicators
| XDWH.L | IHCU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.24% | -41.33% | +15.09% |
Max Drawdown (1Y)Largest decline over 1 year | -10.39% | -10.55% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -19.27% | -19.50% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -19.27% | -19.50% | +0.23% |
Max Drawdown (10Y)Largest decline over 10 years | -26.24% | -27.15% | +0.91% |
Current DrawdownCurrent decline from peak | -3.47% | -3.08% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -12.57% | +7.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.28% | 4.27% | +0.01% |
Volatility
XDWH.L vs. IHCU.L - Volatility Comparison
Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.L) has a higher volatility of 5.80% compared to iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IHCU.L) at 5.42%. This indicates that XDWH.L's price experiences larger fluctuations and is considered to be riskier than IHCU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDWH.L | IHCU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.80% | 5.42% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 11.62% | 11.35% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.20% | 15.09% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | 20.58% | -6.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.97% | 18.62% | -3.65% |
XDWH.L vs. IHCU.L - Expense Ratio Comparison
XDWH.L has a 0.25% expense ratio, which is higher than IHCU.L's 0.15% 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.L vs. IHCU.L - Dividend Comparison
Neither XDWH.L nor IHCU.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, XDWH.L and IHCU.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, IHCU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IHCU.L is cheaper with a 0.15% expense ratio, compared with 0.25% for XDWH.L.
XDWH.L tracks MSCI World/Health Care NR USD, while IHCU.L tracks iShares S&P 500 Health Care Sector UCITS ETF USD (Acc). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XDWH.L and 0.15% for IHCU.L.
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