BIOT.L vs. BTEE.L
BIOT.L (L&G Pharma Breakthrough UCITS ETF - USD Accumulating ETF) and BTEE.L (iShares Nasdaq US Biotechnology UCITS ETF USD (Dist)) are both Health & Biotech Equities funds - BIOT.L tracks the Solactive Pharma Breakthrough Value Index Net Total Return while BTEE.L tracks the NASDAQ Biotechnology TR USD. Both are passively managed. Over the past 5 years, BIOT.L returned 2.83%/yr vs 5.78%/yr for BTEE.L. Their correlation of 0.82 suggests significant overlap in exposure. BIOT.L charges 0.49%/yr vs 0.35%/yr for BTEE.L.
Performance
BIOT.L vs. BTEE.L - Performance Comparison
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Returns By Period
In the year-to-date period, BIOT.L achieves a 8.27% return, which is significantly lower than BTEE.L's 14.55% 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*
- —
BTEE.L
- 1D
- 0.32%
- 1M
- 8.88%
- 6M
- 12.51%
- YTD
- 14.55%
- 1Y
- 49.20%
- 3Y*
- 17.34%
- 5Y*
- 5.78%
- 10Y*
- —
BIOT.L vs. BTEE.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% | -4.34% |
BTEE.L iShares Nasdaq US Biotechnology UCITS ETF USD (Dist) | 14.55% | 32.76% | -1.61% | 5.72% | -11.87% | -0.47% | 27.48% | 25.64% | -13.61% |
Correlation
The correlation between BIOT.L and BTEE.L is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2018 | 0.82 |
The correlation between BIOT.L and BTEE.L has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
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Return for Risk
BIOT.L vs. BTEE.L — Risk / Return Rank
BIOT.L
BTEE.L
BIOT.L vs. BTEE.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 Nasdaq US Biotechnology UCITS ETF USD (Dist) (BTEE.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 | BTEE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.39 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 6.41 | -2.89 |
| Martin ratioReturn relative to average drawdown | 10.12 | 19.12 | -8.99 |
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Drawdowns
BIOT.L vs. BTEE.L - Drawdown Comparison
The maximum BIOT.L drawdown since its inception was -34.44%, smaller than the maximum BTEE.L drawdown of -38.29%. Use the drawdown chart below to compare losses from any high point for BIOT.L and BTEE.L.
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Drawdown Indicators
| BIOT.L | BTEE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.44% | -38.29% | +3.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.55% | -7.64% | -1.91% |
Max Drawdown (3Y)Largest decline over 3 years | -19.91% | -26.76% | +6.85% |
Max Drawdown (5Y)Largest decline over 5 years | -33.80% | -38.29% | +4.49% |
Current DrawdownCurrent decline from peak | -5.72% | -4.35% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -13.31% | -13.35% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.57% | +0.76% |
Volatility
BIOT.L vs. BTEE.L - Volatility Comparison
The current volatility for L&G Pharma Breakthrough UCITS ETF - USD Accumulating ETF (BIOT.L) is 6.08%, while iShares Nasdaq US Biotechnology UCITS ETF USD (Dist) (BTEE.L) has a volatility of 6.46%. This indicates that BIOT.L experiences smaller price fluctuations and is considered to be less risky than BTEE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIOT.L | BTEE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 6.46% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 15.54% | 15.52% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.18% | 20.37% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 21.20% | -2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.50% | 22.48% | -2.98% |
BIOT.L vs. BTEE.L - Expense Ratio Comparison
BIOT.L has a 0.49% expense ratio, which is higher than BTEE.L's 0.35% expense ratio.
Dividends
BIOT.L vs. BTEE.L - Dividend Comparison
BIOT.L has not paid dividends to shareholders, while BTEE.L's dividend yield for the trailing twelve months is around 0.23%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BIOT.L L&G Pharma Breakthrough UCITS ETF - USD Accumulating ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BTEE.L iShares Nasdaq US Biotechnology UCITS ETF USD (Dist) | 0.23% | 0.37% | 0.46% | 0.39% | 0.44% | 0.25% | 0.17% | 0.14% | 0.07% |
Frequently Asked Questions
BIOT.L and BTEE.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BTEE.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BTEE.L is cheaper with a 0.35% expense ratio, compared with 0.49% for BIOT.L.
BIOT.L tracks Solactive Pharma Breakthrough Value Index Net Total Return, while BTEE.L tracks NASDAQ Biotechnology TR USD. They also come from different issuers: L&G and iShares. Their fees differ too: 0.49% for BIOT.L and 0.35% for BTEE.L.
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