BIOT.L vs. XDWH.L

Last updated Jul 16, 2026

BIOT.L (L&G Pharma Breakthrough UCITS ETF - USD Accumulating ETF) and XDWH.L (Xtrackers MSCI World Health Care UCITS ETF 1C) are both Health & Biotech Equities funds - BIOT.L tracks the Solactive Pharma Breakthrough Value Index Net Total Return while XDWH.L tracks the MSCI World/Health Care NR USD. Both are passively managed. Over the past 5 years, BIOT.L returned 2.83%/yr vs 4.42%/yr for XDWH.L. A 0.67 correlation means they provide meaningful diversification when combined. BIOT.L charges 0.49%/yr vs 0.25%/yr for XDWH.L.

Performance

BIOT.L vs. XDWH.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in L&G Pharma Breakthrough UCITS ETF - USD Accumulating ETF (BIOT.L) and Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BIOT.L achieves a 8.27% return, which is significantly higher than XDWH.L's 1.26% 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*: —

XDWH.L

• 1D: 0.56%
• 1M: 3.48%
• 6M: -0.54%
• YTD: 1.26%
• 1Y: 17.39%
• 3Y*: 6.92%
• 5Y*: 4.42%
• 10Y*: 8.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BIOT.L vs. XDWH.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%
XDWH.L Xtrackers MSCI World Health Care UCITS ETF 1C	1.26%	15.25%	0.75%	3.81%	-5.42%	20.56%	12.88%	22.95%	-2.27%

Correlation

The correlation between BIOT.L and XDWH.L is 0.62, 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	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018	0.67

The correlation between BIOT.L and XDWH.L has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.

Return for Risk

BIOT.L vs. XDWH.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BIOT.L

BIOT.L Risk / Return Rank: 67
BIOT.L Sharpe Ratio Rank: 63
BIOT.L Sortino Ratio Rank: 64
BIOT.L Omega Ratio Rank: 55
BIOT.L Calmar Ratio Rank: 83
BIOT.L Martin Ratio Rank: 70

XDWH.L

XDWH.L Risk / Return Rank: 38
XDWH.L Sharpe Ratio Rank: 38
XDWH.L Sortino Ratio Rank: 43
XDWH.L Omega Ratio Rank: 37
XDWH.L Calmar Ratio Rank: 39
XDWH.L Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BIOT.L vs. XDWH.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 Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.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	XDWH.L	Difference
Sharpe ratio: Return per unit of total volatility	1.67	1.15	+0.52
Sortino ratio: Return per unit of downside risk	2.39	1.82	+0.57
Omega ratio: Gain probability vs. loss probability	1.28	1.21	+0.07
Calmar ratio: Return relative to maximum drawdown	3.52	1.67	+1.86
Martin ratio: Return relative to average drawdown	10.12	4.06	+6.07

BIOT.L vs. XDWH.L - Sharpe Ratio Comparison

The current BIOT.L Sharpe Ratio is 1.67, which is higher than the XDWH.L Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of BIOT.L and XDWH.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BIOT.L vs. XDWH.L - Drawdown Comparison

The maximum BIOT.L drawdown since its inception was -34.44%, which is greater than XDWH.L's maximum drawdown of -26.24%. Use the drawdown chart below to compare losses from any high point for BIOT.L and XDWH.L.

Drawdown Indicators

	BIOT.L	XDWH.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.44%	-26.24%	-8.20%
Max Drawdown (1Y) Largest decline over 1 year	-9.55%	-10.39%	+0.84%
Max Drawdown (3Y) Largest decline over 3 years	-19.91%	-19.27%	-0.64%
Max Drawdown (5Y) Largest decline over 5 years	-33.80%	-19.27%	-14.53%
Max Drawdown (10Y) Largest decline over 10 years	—	-26.24%	—
Current Drawdown Current decline from peak	-5.72%	-3.47%	-2.25%
Average Drawdown Average peak-to-trough decline	-13.31%	-4.79%	-8.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.33%	4.28%	-0.95%

Volatility

BIOT.L vs. XDWH.L - Volatility Comparison

L&G Pharma Breakthrough UCITS ETF - USD Accumulating ETF (BIOT.L) and Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.L) have volatilities of 6.08% and 5.80%, 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.

Volatility by Period

	BIOT.L	XDWH.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.08%	5.80%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	15.54%	11.62%	+3.92%
Volatility (1Y) Calculated over the trailing 1-year period	20.18%	15.20%	+4.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.62%	14.36%	+4.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.50%	14.97%	+4.53%

BIOT.L vs. XDWH.L - Expense Ratio Comparison

BIOT.L has a 0.49% expense ratio, which is higher than XDWH.L's 0.25% expense ratio.

Dividends

BIOT.L vs. XDWH.L - Dividend Comparison

Neither BIOT.L nor XDWH.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BIOT.L and XDWH.L in my portfolio?

BIOT.L and XDWH.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BIOT.L or XDWH.L?

On fees, XDWH.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BIOT.L or XDWH.L?

XDWH.L is cheaper with a 0.25% expense ratio, compared with 0.49% for BIOT.L.

What is the main difference between BIOT.L and XDWH.L?

BIOT.L tracks Solactive Pharma Breakthrough Value Index Net Total Return, while XDWH.L tracks MSCI World/Health Care NR USD. They also come from different issuers: L&G and Xtrackers. Their fees differ too: 0.49% for BIOT.L and 0.25% for XDWH.L.