State Street® SPDR® MSCI Europe Health Care UCITS ETF

State Street® SPDR® MSCI Europe Health Care UCITS ETF

About

State Street® SPDR® MSCI Europe Health Care UCITS ETF (IE00BKWQ0H23) is a UCITS-compliant equity ETF tracking the MSCI Europe Health Care 35/20 Capped Index. With a TER of 0.18%, it is competitively priced, reinvesting dividends. The fund holds 38 positions across 11 regions with 549M in assets, with heavy concentration — 100% in Health Care.

ISIN
Fund Size €548.7M
Issuer SPDR
Distribution Re-Invests Dividends
Replication —
Inception Sep 2001
Base Currency EUR
Index MSCI Europe Health Care 35/20 Capped Index
Asset Class Equities
Category Equity Sector

Costs

8.8
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What TER, tracking difference, and TD consistency measure

TER (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures TER plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.
TER0.00%
Tracking Difference0.00%
TD Consistency0.00%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
3 Years+0.00%
5 Years+0.00%
Inception+0.00%

Holdings

2.1
With only 38 individual holdings, this fund is relatively concentrated compared to other ETFs.
#1
AstraZeneca PLC
0.17%
#2
Novartis AG
0.15%
#3
Roche Holding AG
0.15%
#4
Novo Nordisk A/S
0.07%
#5
GSK PLC
0.06%
#6
Sanofi SA
0.06%
#7
EssilorLuxottica SA
0.04%
#8
Argenx SE
0.03%
#9
Lonza Group AG
0.03%
#10
Bayer AG
0.02%

Sectors

1.0
This fund is concentrated in just a few of its 1 sectors, reducing diversification.

Regions

4.2
This fund is concentrated in just 11 countries, with significant geographic concentration.

Nerd Stuff

Advanced risk and return metrics (2023-06-04 — 2026-04-16).
11.1%
Volatility
-26.5%
Max Drawdown
-0.03
Sharpe Ratio
-0.04
Sortino Ratio
-0.01
Calmar Ratio
0.03
Beta
1.20%
Alpha (Jensen's)
0.001
R²
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

Documents

Regulatory and fund documents.
Key Information DocumentFact Sheet

Broker Availability

Where you can buy this ETF.
flatex
Trade
€5.90
Savings Plan
Free
Account
Free
Trade Republic
Trade
€1.00
Savings Plan
Free
Account
Free
Trading 212
Trade
Free
Savings Plan
Free
Account
Free

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