XDWH.L vs. PCGH.L

Last updated Jun 5, 2026

XDWH.L (Xtrackers MSCI World Health Care UCITS ETF 1C) is Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD, while PCGH.L (Polar Capital Global Healthcare Trust plc) is a stock. Over the past 10 years, XDWH.L returned 7.85%/yr vs 9.32%/yr for PCGH.L. A 0.50 correlation means they provide meaningful diversification when combined.

Performance

XDWH.L vs. PCGH.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.L) and Polar Capital Global Healthcare Trust plc (PCGH.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XDWH.L is traded in USD, while PCGH.L is traded in GBp. To make them comparable, the PCGH.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 -2.74% return, which is significantly lower than PCGH.L's -2.38% return. Over the past 10 years, XDWH.L has underperformed PCGH.L with an annualized return of 7.85%, while PCGH.L has yielded a comparatively higher 9.32% annualized return.

XDWH.L

• 1D: 2.99%
• 1M: 3.25%
• YTD: -2.74%
• 6M: -1.64%
• 1Y: 11.56%
• 3Y*: 5.50%
• 5Y*: 4.54%
• 10Y*: 7.85%

PCGH.L

• 1D: 2.80%
• 1M: 5.85%
• YTD: -2.38%
• 6M: -0.48%
• 1Y: 23.36%
• 3Y*: 10.18%
• 5Y*: 9.70%
• 10Y*: 9.32%

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

XDWH.L vs. PCGH.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	-2.74%	15.25%	0.75%	3.81%	-5.42%	20.56%	12.88%	22.95%	1.57%	20.16%
PCGH.L Polar Capital Global Healthcare Trust plc	-2.38%	31.00%	4.39%	5.00%	-2.63%	26.35%	6.14%	23.98%	-6.14%	16.38%

Correlation

The correlation between XDWH.L and PCGH.L is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Mar 29, 2016	0.50

The correlation between XDWH.L and PCGH.L has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.

Return for Risk

XDWH.L vs. PCGH.L — Risk / Return Rank

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

XDWH.L

XDWH.L Risk / Return Rank: 24
XDWH.L Sharpe Ratio Rank: 23
XDWH.L Sortino Ratio Rank: 24
XDWH.L Omega Ratio Rank: 23
XDWH.L Calmar Ratio Rank: 24
XDWH.L Martin Ratio Rank: 23

PCGH.L

PCGH.L Risk / Return Rank: 74
PCGH.L Sharpe Ratio Rank: 81
PCGH.L Sortino Ratio Rank: 78
PCGH.L Omega Ratio Rank: 74
PCGH.L Calmar Ratio Rank: 67
PCGH.L Martin Ratio Rank: 71

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.

XDWH.L vs. PCGH.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 Polar Capital Global Healthcare Trust plc (PCGH.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.

	XDWH.L	PCGH.L	Difference
Sharpe ratio: Return per unit of total volatility	0.79	1.28	-0.49
Sortino ratio: Return per unit of downside risk	1.29	1.92	-0.63
Omega ratio: Gain probability vs. loss probability	1.15	1.23	-0.08
Calmar ratio: Return relative to maximum drawdown	1.11	1.07	+0.04
Martin ratio: Return relative to average drawdown	2.80	3.22	-0.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDWH.L vs. PCGH.L - Sharpe Ratio Comparison

The current XDWH.L Sharpe Ratio is 0.79, which is lower than the PCGH.L Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of XDWH.L and PCGH.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.

Sharpe Ratios by Period

	XDWH.L	PCGH.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	1.28	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.55	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.46	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.52	+0.05

Drawdowns

XDWH.L vs. PCGH.L - Drawdown Comparison

The maximum XDWH.L drawdown since its inception was -26.24%, smaller than the maximum PCGH.L drawdown of -41.70%. Use the drawdown chart below to compare losses from any high point for XDWH.L and PCGH.L.

Drawdown Indicators

	XDWH.L	PCGH.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.24%	-41.70%	+15.46%
Max Drawdown (1Y) Largest decline over 1 year	-10.39%	-21.75%	+11.36%
Max Drawdown (3Y) Largest decline over 3 years	-19.28%	-25.57%	+6.29%
Max Drawdown (5Y) Largest decline over 5 years	-19.28%	-25.57%	+6.29%
Max Drawdown (10Y) Largest decline over 10 years	-26.24%	-41.70%	+15.46%
Current Drawdown Current decline from peak	-5.82%	-7.53%	+1.71%
Average Drawdown Average peak-to-trough decline	-4.98%	-5.96%	+0.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.12%	7.23%	-3.11%

Volatility

XDWH.L vs. PCGH.L - Volatility Comparison

Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.L) and Polar Capital Global Healthcare Trust plc (PCGH.L) have volatilities of 4.80% and 4.94%, 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.

Volatility by Period

	XDWH.L	PCGH.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.80%	4.94%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	10.77%	15.29%	-4.52%
Volatility (1Y) Calculated over the trailing 1-year period	14.57%	18.29%	-3.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.18%	17.78%	-3.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.97%	20.24%	-5.27%

Dividends

XDWH.L vs. PCGH.L - Dividend Comparison

XDWH.L has not paid dividends to shareholders, while PCGH.L's dividend yield for the trailing twelve months is around 0.54%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PCGH.L Polar Capital Global Healthcare Trust plc	0.54%	0.57%	0.69%	0.64%	0.60%	0.65%	0.86%	0.84%	0.99%	1.17%	2.08%	2.15%
XDWH.L Xtrackers MSCI World Health Care UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XDWH.L and PCGH.L in my portfolio?

XDWH.L and PCGH.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.