AGED.L vs. BTEC.L
AGED.L (iShares Ageing Population UCITS ETF USD (Acc)) and BTEC.L (iShares Nasdaq US Biotechnology UCITS ETF USD (Acc)) are both exchange-traded funds - AGED.L is a Global Equities fund tracking the Stoxx Global Ageing Population Net USD Index, while BTEC.L is a Health & Biotech Equities fund tracking the NASDAQ Biotechnology NET Index. Both are passively managed. Over the past 5 years, AGED.L returned 6.82%/yr vs 5.86%/yr for BTEC.L. A 0.69 correlation means they provide meaningful diversification when combined. AGED.L charges 0.40%/yr vs 0.35%/yr for BTEC.L.
Performance
AGED.L vs. BTEC.L - Performance Comparison
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Returns By Period
In the year-to-date period, AGED.L achieves a 11.60% return, which is significantly lower than BTEC.L's 15.16% return.
AGED.L
- 1D
- 0.38%
- 1M
- 5.74%
- 6M
- 9.20%
- YTD
- 11.60%
- 1Y
- 26.99%
- 3Y*
- 15.90%
- 5Y*
- 6.82%
- 10Y*
- —
BTEC.L
- 1D
- 0.63%
- 1M
- 10.38%
- 6M
- 13.52%
- YTD
- 15.16%
- 1Y
- 49.53%
- 3Y*
- 16.97%
- 5Y*
- 5.86%
- 10Y*
- —
AGED.L vs. BTEC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGED.L iShares Ageing Population UCITS ETF USD (Acc) | 11.60% | 26.75% | 7.86% | 9.03% | -14.29% | 4.61% | 13.29% | 19.47% | -13.28% | 3.39% |
BTEC.L iShares Nasdaq US Biotechnology UCITS ETF USD (Acc) | 15.16% | 32.96% | -2.04% | 6.22% | -11.92% | -0.49% | 27.40% | 25.57% | -11.22% | -3.31% |
Correlation
The correlation between AGED.L and BTEC.L is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2017 | 0.69 |
The correlation between AGED.L and BTEC.L has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.
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Return for Risk
AGED.L vs. BTEC.L — Risk / Return Rank
AGED.L
BTEC.L
AGED.L vs. BTEC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ageing Population UCITS ETF USD (Acc) (AGED.L) and iShares Nasdaq US Biotechnology UCITS ETF USD (Acc) (BTEC.L). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AGED.L | BTEC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.39 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 6.21 | -3.01 |
| Martin ratioReturn relative to average drawdown | 11.64 | 19.11 | -7.47 |
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Drawdowns
AGED.L vs. BTEC.L - Drawdown Comparison
The maximum AGED.L drawdown since its inception was -40.12%, roughly equal to the maximum BTEC.L drawdown of -38.42%. Use the drawdown chart below to compare losses from any high point for AGED.L and BTEC.L.
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Drawdown Indicators
| AGED.L | BTEC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.12% | -38.42% | -1.70% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -7.94% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -16.38% | -26.74% | +10.36% |
Max Drawdown (5Y)Largest decline over 5 years | -27.68% | -38.42% | +10.74% |
Current DrawdownCurrent decline from peak | -0.65% | -3.92% | +3.27% |
Average DrawdownAverage peak-to-trough decline | -8.54% | -13.22% | +4.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 2.58% | -0.27% |
Volatility
AGED.L vs. BTEC.L - Volatility Comparison
The current volatility for iShares Ageing Population UCITS ETF USD (Acc) (AGED.L) is 3.75%, while iShares Nasdaq US Biotechnology UCITS ETF USD (Acc) (BTEC.L) has a volatility of 5.90%. This indicates that AGED.L experiences smaller price fluctuations and is considered to be less risky than BTEC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGED.L | BTEC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 5.90% | -2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 12.23% | 15.67% | -3.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.33% | 20.42% | -5.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.78% | 21.39% | -3.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.74% | 22.37% | -4.63% |
AGED.L vs. BTEC.L - Expense Ratio Comparison
AGED.L has a 0.40% expense ratio, which is higher than BTEC.L's 0.35% expense ratio.
Dividends
AGED.L vs. BTEC.L - Dividend Comparison
Neither AGED.L nor BTEC.L has paid dividends to shareholders.
Frequently Asked Questions
AGED.L and BTEC.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BTEC.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BTEC.L is cheaper with a 0.35% expense ratio, compared with 0.40% for AGED.L.
AGED.L is categorized as Global Equities, while BTEC.L is Health & Biotech Equities. AGED.L tracks Stoxx Global Ageing Population Net USD Index, while BTEC.L tracks NASDAQ Biotechnology NET Index. Their fees differ too: 0.40% for AGED.L and 0.35% for BTEC.L.
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