XUHC.DE vs. SPYH.DE

Last updated Jun 5, 2026

XUHC.DE (Xtrackers MSCI USA Health Care UCITS ETF 1D) and SPYH.DE (SPDR MSCI Europe Health Care UCITS ETF) are both Health & Biotech Equities funds - XUHC.DE tracks the MSCI USA Health Care while SPYH.DE tracks the MSCI Europe Health Care 20/35 Capped. Both are passively managed. Over the past 5 years, XUHC.DE returned 6.62%/yr vs 5.81%/yr for SPYH.DE. A 0.63 correlation means they provide meaningful diversification when combined. XUHC.DE charges 0.12%/yr vs 0.18%/yr for SPYH.DE.

Performance

XUHC.DE vs. SPYH.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI USA Health Care UCITS ETF 1D (XUHC.DE) and SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XUHC.DE achieves a -1.34% return, which is significantly higher than SPYH.DE's -1.97% return.

XUHC.DE

• 1D: 2.83%
• 1M: 5.33%
• YTD: -1.34%
• 6M: -1.08%
• 1Y: 12.33%
• 3Y*: 3.62%
• 5Y*: 6.62%
• 10Y*: —

SPYH.DE

• 1D: 3.34%
• 1M: 0.41%
• YTD: -1.97%
• 6M: -0.47%
• 1Y: 6.02%
• 3Y*: 2.85%
• 5Y*: 5.81%
• 10Y*: 6.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XUHC.DE vs. SPYH.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XUHC.DE Xtrackers MSCI USA Health Care UCITS ETF 1D	-1.34%	1.47%	8.81%	-0.83%	2.49%	36.78%	3.35%	24.45%	9.04%	0.80%
SPYH.DE SPDR MSCI Europe Health Care UCITS ETF	-1.97%	7.82%	3.98%	7.88%	-4.55%	25.71%	-2.51%	33.07%	-1.21%	-2.13%

Correlation

The correlation between XUHC.DE and SPYH.DE is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Sep 18, 2017	0.63

The correlation between XUHC.DE and SPYH.DE has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.

Return for Risk

XUHC.DE vs. SPYH.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XUHC.DE

XUHC.DE Risk / Return Rank: 24
XUHC.DE Sharpe Ratio Rank: 25
XUHC.DE Sortino Ratio Rank: 26
XUHC.DE Omega Ratio Rank: 23
XUHC.DE Calmar Ratio Rank: 23
XUHC.DE Martin Ratio Rank: 22

SPYH.DE

SPYH.DE Risk / Return Rank: 15
SPYH.DE Sharpe Ratio Rank: 15
SPYH.DE Sortino Ratio Rank: 15
SPYH.DE Omega Ratio Rank: 15
SPYH.DE Calmar Ratio Rank: 15
SPYH.DE Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XUHC.DE vs. SPYH.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA Health Care UCITS ETF 1D (XUHC.DE) and 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.

	XUHC.DE	SPYH.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.85	0.37	+0.48
Sortino ratio: Return per unit of downside risk	1.35	0.67	+0.68
Omega ratio: Gain probability vs. loss probability	1.15	1.08	+0.07
Calmar ratio: Return relative to maximum drawdown	1.10	0.50	+0.60
Martin ratio: Return relative to average drawdown	2.69	1.10	+1.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XUHC.DE vs. SPYH.DE - Sharpe Ratio Comparison

The current XUHC.DE Sharpe Ratio is 0.85, which is higher than the SPYH.DE Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of XUHC.DE and SPYH.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XUHC.DE	SPYH.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	0.37	+0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.36	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.43	+0.14

Drawdowns

XUHC.DE vs. SPYH.DE - Drawdown Comparison

The maximum XUHC.DE drawdown since its inception was -26.87%, roughly equal to the maximum SPYH.DE drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for XUHC.DE and SPYH.DE.

Drawdown Indicators

	XUHC.DE	SPYH.DE	Difference
Max Drawdown Largest peak-to-trough decline	-26.87%	-26.62%	-0.25%
Max Drawdown (1Y) Largest decline over 1 year	-11.18%	-12.58%	+1.40%
Max Drawdown (3Y) Largest decline over 3 years	-22.19%	-26.62%	+4.43%
Max Drawdown (5Y) Largest decline over 5 years	-22.19%	-26.62%	+4.43%
Max Drawdown (10Y) Largest decline over 10 years	—	-26.62%	—
Current Drawdown Current decline from peak	-7.48%	-10.72%	+3.24%
Average Drawdown Average peak-to-trough decline	-5.08%	-8.61%	+3.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.57%	5.73%	-1.16%

Volatility

XUHC.DE vs. SPYH.DE - Volatility Comparison

The current volatility for Xtrackers MSCI USA Health Care UCITS ETF 1D (XUHC.DE) is 5.19%, while SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) has a volatility of 6.01%. This indicates that XUHC.DE experiences smaller price fluctuations and is considered to be less risky than SPYH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XUHC.DE	SPYH.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	6.01%	-0.82%
Volatility (6M) Calculated over the trailing 6-month period	10.17%	12.04%	-1.87%
Volatility (1Y) Calculated over the trailing 1-year period	14.51%	17.05%	-2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.42%	15.76%	-1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.13%	15.82%	+0.31%

XUHC.DE vs. SPYH.DE - Expense Ratio Comparison

XUHC.DE has a 0.12% expense ratio, which is lower than SPYH.DE's 0.18% 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

XUHC.DE vs. SPYH.DE - Dividend Comparison

XUHC.DE's dividend yield for the trailing twelve months is around 1.28%, while SPYH.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SPYH.DE SPDR MSCI Europe Health Care 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

Can I hold both XUHC.DE and SPYH.DE in my portfolio?

XUHC.DE and SPYH.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XUHC.DE or SPYH.DE?

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.

Which ETF is cheaper, XUHC.DE or SPYH.DE?

XUHC.DE is cheaper with a 0.12% expense ratio, compared with 0.18% for SPYH.DE.

What is the main difference between XUHC.DE and SPYH.DE?

XUHC.DE tracks MSCI USA Health Care, while SPYH.DE tracks MSCI Europe Health Care 20/35 Capped. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.12% for XUHC.DE and 0.18% for SPYH.DE.