GSKH vs SHEH

GSKHCGSK plc ADRhedged

SHEHBShell plc ADRhedged

In short

GSKH GSK, minus the currency noise. A single-stock ADR wrapper on the UK pharma giant with the pound hedge built in, so what you own is the stock's move rather than the exchange rate's.

SHEH Shell in one ticker, minus the currency guessing game. SHEH holds the Shell ADR and pairs it with a currency swap meant to strip out dollar-versus-local-currency moves, leaving the oil major's own local-currency return.

Stated mandate

GSKH The fund is an ADR-hedged ETF providing exposure to GSK plc, a global pharmaceutical and biotechnology company focused on vaccines.

SHEH The Fund seeks returns that generally correspond, before fees and expenses, to the total return of Shell plc ordinary shares in the company’s local market and local currency; achievement is not assured.

Why people hold it

• GSKH The currency hedge is built into the wrapper, so holding a UK-listed drugmaker stays a pharma call instead of doubling as a pound call.precidian.com
• 0.19% a year, the same sticker carried across the ADRhedged lineup, for a hedge most individual investors cannot run cheaply themselves.
• One US-listed ticker covers the ADR and the hedge together, with distributions on a quarterly cadence.

• SHEH Two trades in one ticker: the Shell ADR plus a currency swap built to offset dollar-versus-local-currency moves. No separate FX hedge to run alongside it.precidian.com
• 0.19% expense ratio, matching the rest of the ADRhedged lineup (HSBH, BPH, GSKH) and the currency-hedged cohort median. The hedge is not priced as an add-on.
• The swap settles daily and resets at-the-money, with the notional adjusting automatically, so the hedge follows the position rather than a fixed dollar amount.adrhedged.com
• Sits in the upper half of its currency-hedged peer group.

Worth knowing

• GSKH Small and thinly traded, which usually means wider bid-ask spreads and more of the cost showing up in the trade itself.
• One company, one story: GSK's pipeline, patents and litigation headlines drive the entire position, with no diversification to soften them.
• A hedge works in both directions, stripping out pound gains along with pound losses, and the fund only launched in 2025, so its record is short.

• SHEH One company, one balance sheet. Shell's results, energy prices and headlines drive the whole position; no index is there to cushion a bad quarter.
• The hedge cuts both ways: if the local currency gains on the dollar, that tailwind is stripped out too. Swaps also carry counterparty and imperfect-correlation risk.adrhedged.com
• A small, lightly traded fund that launched in 2024. Spreads and order size matter more here than in mainstream ETFs.

Full GSKH profile⁠

Full SHEH profile⁠