XLVS.L vs. IHCU.L
XLVS.L (Invesco Health Care S&P US Select Sector UCITS ETF Acc) and IHCU.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) are both Health & Biotech Equities funds - XLVS.L tracks the S&P® Select Sector Capped 20% Health Care Index 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, XLVS.L returned 9.42%/yr vs 9.54%/yr for IHCU.L. Their correlation of 0.92 suggests significant overlap in exposure. XLVS.L charges 0.14%/yr vs 0.15%/yr for IHCU.L.
Performance
XLVS.L vs. IHCU.L - Performance Comparison
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Different Trading Currencies
XLVS.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, XLVS.L achieves a 2.92% return, which is significantly lower than IHCU.L's 3.24% return. Both investments have delivered pretty close results over the past 10 years, with XLVS.L having a 9.42% annualized return and IHCU.L not far ahead at 9.54%.
XLVS.L
- 1D
- 0.59%
- 1M
- 4.29%
- 6M
- 1.82%
- YTD
- 2.92%
- 1Y
- 21.48%
- 3Y*
- 8.05%
- 5Y*
- 5.72%
- 10Y*
- 9.42%
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%
XLVS.L vs. IHCU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLVS.L Invesco Health Care S&P US Select Sector UCITS ETF Acc | 2.92% | 14.78% | 2.15% | 1.56% | -2.62% | 27.57% | 12.04% | 20.54% | 4.87% | 21.27% |
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 XLVS.L and IHCU.L is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.92 |
The correlation between XLVS.L and IHCU.L has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
XLVS.L vs. IHCU.L — Risk / Return Rank
XLVS.L
IHCU.L
XLVS.L vs. IHCU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Health Care S&P US Select Sector UCITS ETF Acc (XLVS.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.
| XLVS.L | IHCU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 2.00 | +0.04 |
| Martin ratioReturn relative to average drawdown | 5.02 | 4.97 | +0.06 |
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Drawdowns
XLVS.L vs. IHCU.L - Drawdown Comparison
The maximum XLVS.L drawdown since its inception was -26.88%, smaller than the maximum IHCU.L drawdown of -41.33%. Use the drawdown chart below to compare losses from any high point for XLVS.L and IHCU.L.
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Drawdown Indicators
| XLVS.L | IHCU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.88% | -41.33% | +14.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.45% | -10.55% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -17.56% | -19.50% | +1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -17.56% | -19.50% | +1.94% |
Max Drawdown (10Y)Largest decline over 10 years | -26.88% | -27.15% | +0.27% |
Current DrawdownCurrent decline from peak | -3.37% | -3.08% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -12.57% | +8.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 4.27% | 0.00% |
Volatility
XLVS.L vs. IHCU.L - Volatility Comparison
Invesco Health Care S&P US Select Sector UCITS ETF Acc (XLVS.L) has a higher volatility of 6.06% compared to iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IHCU.L) at 5.42%. This indicates that XLVS.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
| XLVS.L | IHCU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.06% | 5.42% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 11.35% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.68% | 15.09% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.92% | 20.58% | -5.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.57% | 18.62% | -3.05% |
XLVS.L vs. IHCU.L - Expense Ratio Comparison
XLVS.L has a 0.14% expense ratio, which is lower than IHCU.L's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XLVS.L vs. IHCU.L - Dividend Comparison
Neither XLVS.L nor IHCU.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, XLVS.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, XLVS.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLVS.L is cheaper with a 0.14% expense ratio, compared with 0.15% for IHCU.L.
XLVS.L tracks S&P® Select Sector Capped 20% Health Care Index, while IHCU.L tracks iShares S&P 500 Health Care Sector UCITS ETF USD (Acc). They also come from different issuers: Invesco and iShares. Their fees differ too: 0.14% for XLVS.L and 0.15% for IHCU.L.
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