BIOT.L vs. AGED.L
BIOT.L (L&G Pharma Breakthrough UCITS ETF - USD Accumulating ETF) and AGED.L (iShares Ageing Population UCITS ETF USD (Acc)) are both exchange-traded funds - BIOT.L is a Health & Biotech Equities fund tracking the Solactive Pharma Breakthrough Value Index Net Total Return, while AGED.L is a Global Equities fund tracking the Stoxx Global Ageing Population Net USD Index. Both are passively managed. Over the past 5 years, BIOT.L returned 2.83%/yr vs 6.71%/yr for AGED.L. A 0.71 correlation means they provide meaningful diversification when combined. BIOT.L charges 0.49%/yr vs 0.40%/yr for AGED.L.
Performance
BIOT.L vs. AGED.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BIOT.L achieves a 8.27% return, which is significantly lower than AGED.L's 11.02% return.
BIOT.L
- 1D
- 0.31%
- 1M
- 7.79%
- 6M
- 7.56%
- YTD
- 8.27%
- 1Y
- 33.81%
- 3Y*
- 10.20%
- 5Y*
- 2.83%
- 10Y*
- —
AGED.L
- 1D
- -0.14%
- 1M
- 5.51%
- 6M
- 9.54%
- YTD
- 11.02%
- 1Y
- 25.89%
- 3Y*
- 15.70%
- 5Y*
- 6.71%
- 10Y*
- —
BIOT.L vs. AGED.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BIOT.L L&G Pharma Breakthrough UCITS ETF - USD Accumulating ETF | 8.27% | 36.47% | -5.31% | -9.28% | -8.41% | -3.60% | 28.29% | 13.02% | -8.12% |
AGED.L iShares Ageing Population UCITS ETF USD (Acc) | 11.02% | 26.75% | 7.86% | 9.03% | -14.29% | 4.61% | 13.29% | 19.47% | -16.30% |
Correlation
The correlation between BIOT.L and AGED.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018 | 0.71 |
The correlation between BIOT.L and AGED.L has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BIOT.L vs. AGED.L — Risk / Return Rank
BIOT.L
AGED.L
BIOT.L vs. AGED.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Pharma Breakthrough UCITS ETF - USD Accumulating ETF (BIOT.L) and iShares Ageing Population UCITS ETF USD (Acc) (AGED.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.
| BIOT.L | AGED.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 3.12 | +0.40 |
| Martin ratioReturn relative to average drawdown | 10.12 | 11.36 | -1.23 |
Loading charts...
Drawdowns
BIOT.L vs. AGED.L - Drawdown Comparison
The maximum BIOT.L drawdown since its inception was -34.44%, smaller than the maximum AGED.L drawdown of -40.12%. Use the drawdown chart below to compare losses from any high point for BIOT.L and AGED.L.
Loading charts...
Drawdown Indicators
| BIOT.L | AGED.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.44% | -40.12% | +5.68% |
Max Drawdown (1Y)Largest decline over 1 year | -9.55% | -8.40% | -1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -19.91% | -16.38% | -3.53% |
Max Drawdown (5Y)Largest decline over 5 years | -33.80% | -27.68% | -6.12% |
Current DrawdownCurrent decline from peak | -5.72% | -1.16% | -4.56% |
Average DrawdownAverage peak-to-trough decline | -13.31% | -8.54% | -4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.31% | +1.02% |
Volatility
BIOT.L vs. AGED.L - Volatility Comparison
L&G Pharma Breakthrough UCITS ETF - USD Accumulating ETF (BIOT.L) has a higher volatility of 6.08% compared to iShares Ageing Population UCITS ETF USD (Acc) (AGED.L) at 3.77%. This indicates that BIOT.L's price experiences larger fluctuations and is considered to be riskier than AGED.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BIOT.L | AGED.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 3.77% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 15.54% | 12.23% | +3.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.18% | 15.33% | +4.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 17.78% | +0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.50% | 17.74% | +1.76% |
BIOT.L vs. AGED.L - Expense Ratio Comparison
BIOT.L has a 0.49% expense ratio, which is higher than AGED.L's 0.40% expense ratio.
Dividends
BIOT.L vs. AGED.L - Dividend Comparison
Neither BIOT.L nor AGED.L has paid dividends to shareholders.
Frequently Asked Questions
BIOT.L and AGED.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AGED.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AGED.L is cheaper with a 0.40% expense ratio, compared with 0.49% for BIOT.L.
BIOT.L is categorized as Health & Biotech Equities, while AGED.L is Global Equities. BIOT.L tracks Solactive Pharma Breakthrough Value Index Net Total Return, while AGED.L tracks Stoxx Global Ageing Population Net USD Index. They also come from different issuers: L&G and iShares. Their fees differ too: 0.49% for BIOT.L and 0.40% for AGED.L.
Find the right allocation for BIOT.L and AGED.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer