2B70.DE vs. SPY
Compare and contrast key facts about iShares Nasdaq US Biotechnology UCITS ETF (2B70.DE) and SPDR S&P 500 ETF (SPY).
2B70.DE and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 2B70.DE is a passively managed fund by iShares that tracks the performance of the Nasdaq Biotechnology. It was launched on Oct 19, 2017. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both 2B70.DE and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 2B70.DE or SPY.
Key characteristics
| 2B70.DE | SPY | |
|---|---|---|
| YTD Return | 14.75% | 27.04% |
| 1Y Return | 31.27% | 39.75% |
| 3Y Return (Ann) | 2.58% | 10.21% |
| 5Y Return (Ann) | 8.13% | 15.93% |
| Sharpe Ratio | 1.87 | 3.15 |
| Sortino Ratio | 2.76 | 4.19 |
| Omega Ratio | 1.33 | 1.59 |
| Calmar Ratio | 1.23 | 4.60 |
| Martin Ratio | 8.57 | 20.85 |
| Ulcer Index | 3.59% | 1.85% |
| Daily Std Dev | 16.66% | 12.29% |
| Max Drawdown | -30.87% | -55.19% |
| Current Drawdown | -0.23% | 0.00% |
Correlation
The correlation between 2B70.DE and SPY is 0.39, 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
2B70.DE vs. SPY - Performance Comparison
In the year-to-date period, 2B70.DE achieves a 14.75% return, which is significantly lower than SPY's 27.04% 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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2B70.DE vs. SPY - Expense Ratio Comparison
2B70.DE has a 0.35% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
2B70.DE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq US Biotechnology UCITS ETF (2B70.DE) and SPDR S&P 500 ETF (SPY). 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.
Dividends
2B70.DE vs. SPY - Dividend Comparison
2B70.DE has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.17%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
2B70.DE iShares Nasdaq US Biotechnology UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
2B70.DE vs. SPY - Drawdown Comparison
The maximum 2B70.DE drawdown since its inception was -30.87%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for 2B70.DE and SPY. For additional features, visit the drawdowns tool.
Volatility
2B70.DE vs. SPY - Volatility Comparison
iShares Nasdaq US Biotechnology UCITS ETF (2B70.DE) and SPDR S&P 500 ETF (SPY) have volatilities of 3.90% and 3.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.