XMLH.DE vs. SPYH.DE
XMLH.DE (L&G Healthcare Technology & Innovation UCITS ETF USD Acc) and SPYH.DE (State Street SPDR MSCI Europe Health Care UCITS ETF) are both Health & Biotech Equities funds - XMLH.DE tracks the ROBO Global Healthcare Technology and Innovation Index while SPYH.DE tracks the MSCI Europe Health Care 35/20 Capped Index. Both are passively managed. Over the past 5 years, XMLH.DE returned -2.65%/yr vs 5.08%/yr for SPYH.DE. At a 0.49 correlation, their price movements are largely independent. XMLH.DE charges 0.49%/yr vs 0.18%/yr for SPYH.DE.
Performance
XMLH.DE vs. SPYH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XMLH.DE achieves a 8.53% return, which is significantly higher than SPYH.DE's 1.57% return.
XMLH.DE
- 1D
- -0.63%
- 1M
- 9.04%
- 6M
- 3.67%
- YTD
- 8.53%
- 1Y
- 37.82%
- 3Y*
- 7.32%
- 5Y*
- -2.65%
- 10Y*
- —
SPYH.DE
- 1D
- 1.15%
- 1M
- 2.83%
- 6M
- -3.29%
- YTD
- 1.57%
- 1Y
- 14.32%
- 3Y*
- 5.76%
- 5Y*
- 5.08%
- 10Y*
- 6.26%
XMLH.DE vs. SPYH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XMLH.DE L&G Healthcare Technology & Innovation UCITS ETF USD Acc | 8.53% | 11.69% | 8.01% | -4.50% | -29.19% | 7.76% | 49.95% | -0.52% |
SPYH.DE State Street SPDR MSCI Europe Health Care UCITS ETF | 1.57% | 7.82% | 3.98% | 7.88% | -4.55% | 25.71% | -2.51% | 14.34% |
Correlation
The correlation between XMLH.DE and SPYH.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.49 |
The correlation between XMLH.DE and SPYH.DE shifts across timeframes, from 0.44 (3 years) to 0.57 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XMLH.DE vs. SPYH.DE — Risk / Return Rank
XMLH.DE
SPYH.DE
XMLH.DE vs. SPYH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Healthcare Technology & Innovation UCITS ETF USD Acc (XMLH.DE) and State Street SPDR MSCI Europe Health Care UCITS ETF (SPYH.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.
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.
| XMLH.DE | SPYH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.16 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 1.13 | +1.51 |
| Martin ratioReturn relative to average drawdown | 5.92 | 2.56 | +3.36 |
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Drawdowns
XMLH.DE vs. SPYH.DE - Drawdown Comparison
The maximum XMLH.DE drawdown since its inception was -51.48%, which is greater than SPYH.DE's maximum drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for XMLH.DE and SPYH.DE.
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Drawdown Indicators
| XMLH.DE | SPYH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.48% | -26.62% | -24.86% |
Max Drawdown (1Y)Largest decline over 1 year | -15.46% | -12.58% | -2.88% |
Max Drawdown (3Y)Largest decline over 3 years | -28.40% | -26.62% | -1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -50.58% | -26.62% | -23.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.62% | — |
Current DrawdownCurrent decline from peak | -21.16% | -7.49% | -13.67% |
Average DrawdownAverage peak-to-trough decline | -25.17% | -7.66% | -17.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.91% | 5.59% | +1.32% |
Volatility
XMLH.DE vs. SPYH.DE - Volatility Comparison
L&G Healthcare Technology & Innovation UCITS ETF USD Acc (XMLH.DE) has a higher volatility of 6.98% compared to State Street SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) at 6.23%. This indicates that XMLH.DE's price experiences larger fluctuations and is considered to be riskier than SPYH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMLH.DE | SPYH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.98% | 6.23% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 16.00% | 12.98% | +3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.03% | 17.44% | +3.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.53% | 15.94% | +6.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.79% | 15.85% | +7.94% |
XMLH.DE vs. SPYH.DE - Expense Ratio Comparison
XMLH.DE has a 0.49% expense ratio, which is higher than SPYH.DE's 0.18% expense ratio.
Dividends
XMLH.DE vs. SPYH.DE - Dividend Comparison
Neither XMLH.DE nor SPYH.DE has paid dividends to shareholders.
Frequently Asked Questions
XMLH.DE and SPYH.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYH.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYH.DE is cheaper with a 0.18% expense ratio, compared with 0.49% for XMLH.DE.
XMLH.DE tracks ROBO Global Healthcare Technology and Innovation Index, while SPYH.DE tracks MSCI Europe Health Care 35/20 Capped Index. They also come from different issuers: L&G and State Street. Their fees differ too: 0.49% for XMLH.DE and 0.18% for SPYH.DE.
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