ETF · SPDR
HEAE State Street SPDR MSCI Europe Health Care UCITS ETF Accum Ptg EUR
ISIN IE00BKWQ0H23London Stock Exchange: HEAEState Street Corp.
- Healthcare
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£215.05
on
- Ongoing charge
- 0.18% a year
- Fund size
- £544m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, HEAE (State Street SPDR MSCI Europe Health Care UCITS ETF Accum Ptg EUR, ISIN IE00BKWQ0H23) closed at £215.05 on the London Stock Exchange. Its ongoing charge is 0.18% a year (about £18 on £10,000). Over the five years to 13/11/2026 its total return was +30.5%, or +1.8% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +10.0%
- +6.1% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +27.1%
- +14.9% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +30.5%
- +1.8% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,305 on 13/11/2026 — about £1,018 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of State Street SPDR MSCI Europe Health Care UCITS ETF Accum Ptg EUR in pounds (price, with income reinvested in the fund): 2023 +5.5%, 2024 +0.1%, 2025 +11.7%; 2026 to 13/11/2026 +10.0%. Returns of State Street SPDR MSCI Europe Health Care UCITS ETF Accum Ptg EUR in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +0.3%; to 30/09/2025: −2.4%; to 30/09/2024: +10.4%; to 30/09/2023: +14.2%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +10.0% | +6.5% | |
| to | +11.7% | +7.9% | |
| to | +0.1% | −3.3% | |
| +5.5% | +1.3% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +0.3% | −3.3% |
| from | −2.4% | −6.2% |
| from | +10.4% | +7.6% |
| from | +14.2% | +7.3% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
17.2%over 3 years
| 1 year | 19.0% |
|---|---|
| 3 years | 17.2% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since April 2022
- −21.4%
- From to
- Lowest 12-month return
- −17.1%
- 12 months to
- Highest 12-month return
- +21.2%
- 12 months to
- Below its highest weekly close since April 2022
- 0.0%
- High of , latest
In words: Volatility of State Street SPDR MSCI Europe Health Care UCITS ETF Accum Ptg EUR in pounds, annualised from weekly returns to 13/11/2026: 19.0% over 1 year, 17.2% over 3 years. Largest fall in the price of State Street SPDR MSCI Europe Health Care UCITS ETF Accum Ptg EUR since April 2022, in pounds: −21.4% from 30/08/2024 to 11/04/2025. The lowest 12-month return of State Street SPDR MSCI Europe Health Care UCITS ETF Accum Ptg EUR in pounds (price, with income reinvested in the fund) since April 2022 was −17.1% (12 months to 08/08/2025); the highest was +21.2% (12 months to 17/04/2026). On 13/11/2026 the price of State Street SPDR MSCI Europe Health Care UCITS ETF Accum Ptg EUR was at its highest weekly close since April 2022, in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.18%
- a year
- On £10,000
- £18
- a year, roughly
- Over five years
- £90
- of £10,000, before growth
- 4 charge less
- 3 the same
- 21 charge more
Ongoing charge of State Street SPDR MSCI Europe Health Care UCITS ETF Accum Ptg EUR 0.18% a year. Compared on 14/11/2026, 21 of the 28 other healthcare funds charge more, 3 the same and 4 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
State Street SPDR MSCI Europe Health Care UCITS ETF Accum Ptg EUR is an exchange-traded fund (ETF) from SPDR, launched in 2014.
It tracks the MSCI Europe Health Care 35/20 Capped Index - EUR - Benchmark TR Net — large and medium-sized European companies.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.18% a year — about £18 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
Healthcare: Pharmaceutical, biotech and medical-equipment companies.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- HEAE
- ISIN
- IE00BKWQ0H23
- Also listed as
- HLTH (London Stock Exchange, euros), SPYH (Xetra, euros)
- Provider
- SPDR
- Tracks
- MSCI Europe Health Care 35/20 Capped Index
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.18% a year · about £18 on £10,000
- Fund size
- £544m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Healthcare
Price chart
Over the last year, the closing price went from £193.89 on 14/11/2025 to £215.05 on 13/11/2026 (+10.9%). The lowest close shown was £185.22 on 02/10/2026 and the highest £215.05 on 13/11/2026.
One close a week. Before 18/09/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
241 weekly closes, from 08/04/2022 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 37
- on record
- Ten largest
- 76.2%
- of the whole fund
- Effective number of holdings
- 11
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 17.7%
- Roche
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | RocheROHealth CareSwitzerland | 17.69% |
| 2 | NovartisNOVNHealth CareSwitzerland | 15.15% |
| 3 | AstraZenecaAZNHealth CareUnited Kingdom | 14.38% |
| 4 | Novo Nordisk · Class BNOVO_BHealth CareDenmark | 6.59% |
| 5 | SanofiSANHealth CareFrance | 5.21% |
| 6 | GSKGSKHealth CareUnited Kingdom | 5.18% |
| 7 | EssilorLuxotticaELHealth CareFrance | 3.14% |
| 8 | BayerBAYNHealth CareGermany | 3.11% |
| 9 | Lonza GroupLONNHealth CareSwitzerland | 2.91% |
| 10 | argenxARGXHealth CareBelgium | 2.88% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By country
- Switzerland43.6%
- United Kingdom22.2%
- France10.1%
- Denmark8.9%
- Germany7.7%
- Belgium5.1%
- Netherlands1.2%
- Finland0.6%
- Other countries0.5%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 37 largest and what changed since .
More of the portfolio
The fund publishes 37 holdings; the ten largest make up 76.2% of it. The fund's portfolio is also split by currency.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 and 3 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 189 rolling 12-month returns since April 2022, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since April 2022, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI Europe UCITS ETF EUR (Acc), over the three years to 13/11/2026 (129 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of HEAE?
The ongoing charge of HEAE is 0.18% a year — about £18 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of State Street SPDR MSCI Europe Health Care UCITS ETF Accum Ptg EUR 0.18% a year. Compared on 14/11/2026, 21 of the 28 other healthcare funds charge more, 3 the same and 4 less (share classes counted once).
What does HEAE track?
HEAE tracks the MSCI Europe Health Care 35/20 Capped Index - EUR - Benchmark TR Net — large and medium-sized European companies.
Is HEAE accumulating or distributing?
HEAE is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
What is the ISIN of HEAE?
The ISIN of HEAE is IE00BKWQ0H23. An ISIN identifies one exact share class of a fund; HEAE is its ticker on the London Stock Exchange. The same share class is also listed as HLTH (London Stock Exchange, euros) and SPYH (Xetra, euros).
What does HEAE hold?
As of 05/11/2026, HEAE holds 37 positions, according to its published holdings. The largest is Roche at 17.69% of the fund; the ten largest make up 76.2%. Its ten largest holdings are Roche (17.69%), Novartis (15.15%), AstraZeneca (14.38%), Novo Nordisk · Class B (6.59%), Sanofi (5.21%), GSK (5.18%), EssilorLuxottica (3.14%), Bayer (3.11%), Lonza Group (2.91%) and argenx (2.88%).
What were HEAE’s returns in each of the last five years?
Calendar-year returns of HEAE in pounds (price, with income reinvested in the fund): 2023 +5.5%, 2024 +0.1%, 2025 +11.7%; 2026 to 13/11/2026 +10.0%. Past performance is not a guide to future returns.
How has HEAE done after inflation?
Over the five years to 13/11/2026 HEAE’s total return was +30.5%, or +1.8% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- XWHSXtrackers MSCI World Health Care UCITS ETF0.25% a year · £3.4bn
- IHCUiShares S&P 500 Health Care Sector UCITS ETF0.15% a year · £2.7bn
- DRDRiShares Healthcare Innovation UCITS ETF0.40% a year · £1.3bn
- XSHCXtrackers MSCI USA Health Care UCITS ETF0.12% a year · £1.2bn
- BTEKiShares NASDAQ US Biotechnology UCITS ETF0.35% a year · £1.0bn
- CH5Amundi STOXX Europe 600 Healthcare UCITS ETF -Acc- Capitalisation0.30% a year · £833m
- ESIHiShares MSCIEurope Health Care Sector UCITS ETF AccumEUR0.18% a year · £798m
- 0DW6Amundi MSCI World Health Care UCITS ETF EUR ACC0.30% a year · £792m
Fund documents and methods
- Fund documents
- Fund page at State Street Global Advisors · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.