XDWH.L vs. WHEA.L
XDWH.L (Xtrackers MSCI World Health Care UCITS ETF 1C) and WHEA.L (State Street SPDR MSCI World Health Care UCITS ETF) are both Health & Biotech Equities funds - XDWH.L tracks the MSCI World/Health Care NR USD while WHEA.L tracks the State Street SPDR MSCI World Health Care UCITS ETF. Both are passively managed. Over the past 10 years, XDWH.L returned 8.10%/yr vs 8.14%/yr for WHEA.L. With a 0.98 correlation, they move nearly in lockstep. XDWH.L charges 0.25%/yr vs 0.30%/yr for WHEA.L.
Performance
XDWH.L vs. WHEA.L - Performance Comparison
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Returns By Period
In the year-to-date period, XDWH.L achieves a 1.26% return, which is significantly lower than WHEA.L's 1.40% return. Both investments have delivered pretty close results over the past 10 years, with XDWH.L having a 8.10% annualized return and WHEA.L not far ahead at 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
- 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 vs. WHEA.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% |
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% |
Correlation
The correlation between XDWH.L and WHEA.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 XDWH.L and WHEA.L has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
XDWH.L vs. WHEA.L — Risk / Return Rank
XDWH.L
WHEA.L
XDWH.L vs. WHEA.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 State Street SPDR MSCI World Health Care UCITS ETF (WHEA.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 | WHEA.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 | 1.21 | 1.20 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.63 | +0.04 |
| Martin ratioReturn relative to average drawdown | 4.06 | 3.96 | +0.10 |
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Drawdowns
XDWH.L vs. WHEA.L - Drawdown Comparison
The maximum XDWH.L drawdown since its inception was -26.24%, roughly equal to the maximum WHEA.L drawdown of -26.20%. Use the drawdown chart below to compare losses from any high point for XDWH.L and WHEA.L.
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Drawdown Indicators
| XDWH.L | WHEA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.24% | -26.20% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -10.39% | -10.35% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -19.27% | -19.16% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -19.27% | -19.16% | -0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -26.24% | -26.20% | -0.04% |
Current DrawdownCurrent decline from peak | -3.47% | -3.30% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -4.76% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.28% | 4.27% | +0.01% |
Volatility
XDWH.L vs. WHEA.L - Volatility Comparison
Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.L) and State Street SPDR MSCI World Health Care UCITS ETF (WHEA.L) have volatilities of 5.80% and 5.90%, 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
| XDWH.L | WHEA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.80% | 5.90% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 11.62% | 11.52% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.20% | 15.11% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | 14.27% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.97% | 14.73% | +0.24% |
XDWH.L vs. WHEA.L - Expense Ratio Comparison
XDWH.L has a 0.25% expense ratio, which is lower than WHEA.L's 0.30% expense ratio.
Dividends
XDWH.L vs. WHEA.L - Dividend Comparison
Neither XDWH.L nor WHEA.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, XDWH.L and WHEA.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.
XDWH.L tracks MSCI World/Health Care NR USD, while WHEA.L tracks State Street SPDR MSCI World Health Care UCITS ETF. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.25% for XDWH.L and 0.30% for WHEA.L.
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