^SPXHC vs. IUIT.L
Compare and contrast key facts about S&P 500 Health Care Index (^SPXHC) and iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L).
IUIT.L is a passively managed fund by iShares that tracks the performance of the S&P 500 Capped 35/20 Information Technology Index. It was launched on Nov 20, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SPXHC or IUIT.L.
Key characteristics
^SPXHC | IUIT.L | |
---|---|---|
YTD Return | 15.05% | 25.90% |
1Y Return | 18.10% | 37.33% |
3Y Return (Ann) | 5.17% | 15.97% |
5Y Return (Ann) | 11.84% | 25.87% |
Sharpe Ratio | 1.54 | 1.84 |
Daily Std Dev | 10.86% | 20.04% |
Max Drawdown | -43.18% | -33.46% |
Current Drawdown | 0.00% | -6.68% |
Correlation
The correlation between ^SPXHC and IUIT.L is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
^SPXHC vs. IUIT.L - Performance Comparison
In the year-to-date period, ^SPXHC achieves a 15.05% return, which is significantly lower than IUIT.L's 25.90% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^SPXHC vs. IUIT.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Health Care Index (^SPXHC) and iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.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.
Drawdowns
^SPXHC vs. IUIT.L - Drawdown Comparison
The maximum ^SPXHC drawdown since its inception was -43.18%, which is greater than IUIT.L's maximum drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for ^SPXHC and IUIT.L. For additional features, visit the drawdowns tool.
Volatility
^SPXHC vs. IUIT.L - Volatility Comparison
The current volatility for S&P 500 Health Care Index (^SPXHC) is 4.23%, while iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L) has a volatility of 7.09%. This indicates that ^SPXHC experiences smaller price fluctuations and is considered to be less risky than IUIT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.