XSHC.L vs. IHCU.L
XSHC.L (Xtrackers MSCI USA Health Care UCITS ETF 1D) and IHCU.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) are both Health & Biotech Equities funds - XSHC.L tracks the MSCI World/Health Care NR USD while IHCU.L tracks the iShares S&P 500 Health Care Sector UCITS ETF USD (Acc). Both are passively managed. Over the past 5 years, XSHC.L returned 5.82%/yr vs 6.27%/yr for IHCU.L. With a 0.99 correlation, they move nearly in lockstep. XSHC.L charges 0.12%/yr vs 0.15%/yr for IHCU.L.
Performance
XSHC.L vs. IHCU.L - Performance Comparison
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Returns By Period
In the year-to-date period, XSHC.L achieves a 2.07% return, which is significantly lower than IHCU.L's 3.10% return.
XSHC.L
- 1D
- -0.30%
- 1M
- 3.82%
- 6M
- 1.23%
- YTD
- 2.07%
- 1Y
- 19.69%
- 3Y*
- 6.92%
- 5Y*
- 5.82%
- 10Y*
- —
IHCU.L
- 1D
- 0.45%
- 1M
- 4.09%
- 6M
- 1.95%
- YTD
- 3.10%
- 1Y
- 20.87%
- 3Y*
- 7.15%
- 5Y*
- 6.27%
- 10Y*
- 9.36%
XSHC.L vs. IHCU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XSHC.L Xtrackers MSCI USA Health Care UCITS ETF 1D | 2.07% | 6.84% | 4.08% | -3.58% | 8.14% | 28.13% | 9.97% | 16.71% | 14.71% |
IHCU.L iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) | 3.10% | 6.77% | 3.96% | -3.89% | 8.99% | 29.15% | 8.09% | 16.89% | 16.33% |
Correlation
The correlation between XSHC.L and IHCU.L is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2018 | 0.99 |
The correlation between XSHC.L and IHCU.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
XSHC.L vs. IHCU.L — Risk / Return Rank
XSHC.L
IHCU.L
XSHC.L vs. IHCU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA Health Care UCITS ETF 1D (XSHC.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.
| XSHC.L | IHCU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.79 | -0.19 |
| Martin ratioReturn relative to average drawdown | 3.91 | 4.47 | -0.56 |
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Drawdowns
XSHC.L vs. IHCU.L - Drawdown Comparison
The maximum XSHC.L drawdown since its inception was -19.16%, smaller than the maximum IHCU.L drawdown of -38.44%. Use the drawdown chart below to compare losses from any high point for XSHC.L and IHCU.L.
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Drawdown Indicators
| XSHC.L | IHCU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.16% | -38.44% | +19.28% |
Max Drawdown (1Y)Largest decline over 1 year | -12.22% | -11.54% | -0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -19.16% | -23.98% | +4.82% |
Max Drawdown (5Y)Largest decline over 5 years | -19.16% | -23.98% | +4.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.98% | — |
Current DrawdownCurrent decline from peak | -4.30% | -4.34% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -9.78% | +5.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | 4.63% | +0.39% |
Volatility
XSHC.L vs. IHCU.L - Volatility Comparison
Xtrackers MSCI USA Health Care UCITS ETF 1D (XSHC.L) and iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IHCU.L) have volatilities of 5.34% and 5.45%, 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
| XSHC.L | IHCU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 5.45% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 10.99% | 11.14% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 15.18% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.38% | 20.31% | -5.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 18.55% | -2.79% |
XSHC.L vs. IHCU.L - Expense Ratio Comparison
XSHC.L has a 0.12% 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
XSHC.L vs. IHCU.L - Dividend Comparison
XSHC.L's dividend yield for the trailing twelve months is around 1.23%, while IHCU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IHCU.L iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XSHC.L Xtrackers MSCI USA Health Care UCITS ETF 1D | 1.23% | 1.25% | 1.24% | 1.23% | 1.55% | 0.85% | 1.12% | 0.98% |
Frequently Asked Questions
With a correlation of 0.99, XSHC.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, XSHC.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSHC.L is cheaper with a 0.12% expense ratio, compared with 0.15% for IHCU.L.
XSHC.L tracks MSCI World/Health Care NR USD, while IHCU.L tracks iShares S&P 500 Health Care Sector UCITS ETF USD (Acc). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.12% for XSHC.L and 0.15% for IHCU.L.
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