2B70.DE vs. 2B78.DE
2B70.DE (iShares Nasdaq US Biotechnology UCITS ETF) and 2B78.DE (iShares Healthcare Innovation UCITS ETF) are both Health & Biotech Equities funds from iShares - 2B70.DE tracks the Nasdaq Biotechnology while 2B78.DE tracks the iSTOXX® FactSet Breakthrough Healthcare. Both are passively managed. Over the past 5 years, 2B70.DE returned 5.68%/yr vs -1.74%/yr for 2B78.DE. Their correlation of 0.85 suggests significant overlap in exposure. 2B70.DE charges 0.35%/yr vs 0.40%/yr for 2B78.DE.
Performance
2B70.DE vs. 2B78.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 2B70.DE achieves a 4.53% return, which is significantly higher than 2B78.DE's -2.07% return.
2B70.DE
- 1D
- 3.29%
- 1M
- 0.58%
- YTD
- 4.53%
- 6M
- 4.05%
- 1Y
- 39.50%
- 3Y*
- 10.00%
- 5Y*
- 5.68%
- 10Y*
- —
2B78.DE
- 1D
- 0.41%
- 1M
- 1.41%
- YTD
- -2.07%
- 6M
- -3.15%
- 1Y
- 14.42%
- 3Y*
- 2.27%
- 5Y*
- -1.74%
- 10Y*
- —
2B70.DE vs. 2B78.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
2B70.DE iShares Nasdaq US Biotechnology UCITS ETF | 4.53% | 18.62% | 4.60% | 2.56% | -6.29% | 7.59% | 14.52% | 30.18% | -7.35% | 2.65% |
2B78.DE iShares Healthcare Innovation UCITS ETF | -2.07% | 5.50% | 7.24% | -0.29% | -19.03% | 1.15% | 38.75% | 16.74% | 0.39% | 0.69% |
Correlation
The correlation between 2B70.DE and 2B78.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2017 | 0.85 |
The correlation between 2B70.DE and 2B78.DE has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.
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Return for Risk
2B70.DE vs. 2B78.DE — Risk / Return Rank
2B70.DE
2B78.DE
2B70.DE vs. 2B78.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq US Biotechnology UCITS ETF (2B70.DE) and iShares Healthcare Innovation UCITS ETF (2B78.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.
| 2B70.DE | 2B78.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.17 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 6.15 | 1.24 | +4.92 |
| Martin ratioReturn relative to average drawdown | 17.06 | 3.07 | +13.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 2B70.DE | 2B78.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 0.95 | +1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | -0.10 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.31 | +0.05 |
Drawdowns
2B70.DE vs. 2B78.DE - Drawdown Comparison
The maximum 2B70.DE drawdown since its inception was -30.87%, smaller than the maximum 2B78.DE drawdown of -38.58%. Use the drawdown chart below to compare losses from any high point for 2B70.DE and 2B78.DE.
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Drawdown Indicators
| 2B70.DE | 2B78.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.87% | -38.58% | +7.71% |
Max Drawdown (1Y)Largest decline over 1 year | -6.33% | -12.05% | +5.72% |
Max Drawdown (3Y)Largest decline over 3 years | -29.34% | -25.32% | -4.02% |
Max Drawdown (5Y)Largest decline over 5 years | -30.87% | -36.99% | +6.12% |
Current DrawdownCurrent decline from peak | -1.26% | -19.03% | +17.77% |
Average DrawdownAverage peak-to-trough decline | -10.01% | -14.36% | +4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.29% | 4.86% | -2.57% |
Volatility
2B70.DE vs. 2B78.DE - Volatility Comparison
iShares Nasdaq US Biotechnology UCITS ETF (2B70.DE) has a higher volatility of 6.65% compared to iShares Healthcare Innovation UCITS ETF (2B78.DE) at 3.74%. This indicates that 2B70.DE's price experiences larger fluctuations and is considered to be riskier than 2B78.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2B70.DE | 2B78.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.65% | 3.74% | +2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 14.26% | 10.97% | +3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 15.67% | +3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.34% | 17.91% | +2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.76% | 18.79% | +2.97% |
2B70.DE vs. 2B78.DE - Expense Ratio Comparison
2B70.DE has a 0.35% expense ratio, which is lower than 2B78.DE's 0.40% expense ratio.
Dividends
2B70.DE vs. 2B78.DE - Dividend Comparison
Neither 2B70.DE nor 2B78.DE has paid dividends to shareholders.
Frequently Asked Questions
2B70.DE and 2B78.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 2B70.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
2B70.DE is cheaper with a 0.35% expense ratio, compared with 0.40% for 2B78.DE.
2B70.DE tracks Nasdaq Biotechnology, while 2B78.DE tracks iSTOXX® FactSet Breakthrough Healthcare. Their fees differ too: 0.35% for 2B70.DE and 0.40% for 2B78.DE.
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