XLVP.L vs. XUHC.DE
XLVP.L (Invesco US Health Care Sector UCITS ETF) and XUHC.DE (Xtrackers MSCI USA Health Care UCITS ETF 1D) are both Health & Biotech Equities funds - XLVP.L tracks the MSCI World/Health Care NR USD while XUHC.DE tracks the MSCI USA Health Care. Both are passively managed. Over the past 5 years, XLVP.L returned 6.90%/yr vs 6.77%/yr for XUHC.DE. Their correlation of 0.94 suggests significant overlap in exposure. XLVP.L charges 0.14%/yr vs 0.12%/yr for XUHC.DE.
Performance
XLVP.L vs. XUHC.DE - Performance Comparison
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Different Trading Currencies
XLVP.L is traded in GBp, while XUHC.DE is traded in EUR. To make them comparable, the XUHC.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XLVP.L achieves a -1.84% return, which is significantly higher than XUHC.DE's -2.11% return.
XLVP.L
- 1D
- 3.10%
- 1M
- 5.91%
- YTD
- -1.84%
- 6M
- -1.13%
- 1Y
- 16.32%
- 3Y*
- 3.80%
- 5Y*
- 6.90%
- 10Y*
- 9.99%
XUHC.DE
- 1D
- 2.95%
- 1M
- 5.57%
- YTD
- -2.11%
- 6M
- -2.04%
- 1Y
- 15.36%
- 3Y*
- 3.78%
- 5Y*
- 6.77%
- 10Y*
- —
XLVP.L vs. XUHC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLVP.L Invesco US Health Care Sector UCITS ETF | -1.84% | 6.91% | 3.77% | -3.87% | 8.97% | 29.14% | 8.22% | 16.79% | 10.30% | 1.98% |
XUHC.DE Xtrackers MSCI USA Health Care UCITS ETF 1D | -2.11% | 6.75% | 4.07% | -2.81% | 8.11% | 27.13% | 9.19% | 17.98% | 10.58% | 1.93% |
Correlation
The correlation between XLVP.L and XUHC.DE is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2017 | 0.94 |
The correlation between XLVP.L and XUHC.DE has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
XLVP.L vs. XUHC.DE — Risk / Return Rank
XLVP.L
XUHC.DE
XLVP.L vs. XUHC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Health Care Sector UCITS ETF (XLVP.L) and Xtrackers MSCI USA Health Care UCITS ETF 1D (XUHC.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.
| XLVP.L | XUHC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.24 | +0.16 |
| Martin ratioReturn relative to average drawdown | 3.56 | 3.06 | +0.50 |
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
| XLVP.L | XUHC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.05 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.46 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.55 | +0.16 |
Drawdowns
XLVP.L vs. XUHC.DE - Drawdown Comparison
The maximum XLVP.L drawdown since its inception was -19.67%, roughly equal to the maximum XUHC.DE drawdown of -19.12%. Use the drawdown chart below to compare losses from any high point for XLVP.L and XUHC.DE.
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Drawdown Indicators
| XLVP.L | XUHC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.67% | -19.12% | -0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | -12.32% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -19.67% | -19.12% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -19.67% | -19.12% | -0.55% |
Max Drawdown (10Y)Largest decline over 10 years | -19.67% | — | — |
Current DrawdownCurrent decline from peak | -4.97% | -5.78% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -4.82% | +0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.57% | 5.01% | -0.44% |
Volatility
XLVP.L vs. XUHC.DE - Volatility Comparison
Invesco US Health Care Sector UCITS ETF (XLVP.L) and Xtrackers MSCI USA Health Care UCITS ETF 1D (XUHC.DE) have volatilities of 5.43% and 5.48%, 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
| XLVP.L | XUHC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 5.48% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.54% | 10.47% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.76% | 14.56% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.25% | 14.48% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 16.14% | -0.29% |
XLVP.L vs. XUHC.DE - Expense Ratio Comparison
XLVP.L has a 0.14% expense ratio, which is higher than XUHC.DE's 0.12% 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
XLVP.L vs. XUHC.DE - Dividend Comparison
XLVP.L has not paid dividends to shareholders, while XUHC.DE's dividend yield for the trailing twelve months is around 1.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
XLVP.L Invesco US Health Care Sector UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUHC.DE Xtrackers MSCI USA Health Care UCITS ETF 1D | 1.28% | 1.29% | 1.21% | 1.86% | 1.63% | 0.82% | 1.13% | 0.96% | 0.55% |
Frequently Asked Questions
With a correlation of 0.97, XLVP.L and XUHC.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, XUHC.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUHC.DE is cheaper with a 0.12% expense ratio, compared with 0.14% for XLVP.L.
XLVP.L tracks MSCI World/Health Care NR USD, while XUHC.DE tracks MSCI USA Health Care. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.14% for XLVP.L and 0.12% for XUHC.DE.
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