BTEC.L vs. XLVS.L
BTEC.L (iShares Nasdaq US Biotechnology UCITS ETF USD (Acc)) and XLVS.L (Invesco Health Care S&P US Select Sector UCITS ETF Acc) are both Health & Biotech Equities funds - BTEC.L tracks the NASDAQ Biotechnology NET Index while XLVS.L tracks the S&P® Select Sector Capped 20% Health Care Index. Both are passively managed. Over the past 5 years, BTEC.L returned 5.87%/yr vs 5.72%/yr for XLVS.L. A 0.67 correlation means they provide meaningful diversification when combined. BTEC.L charges 0.35%/yr vs 0.14%/yr for XLVS.L.
Performance
BTEC.L vs. XLVS.L - Performance Comparison
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Returns By Period
In the year-to-date period, BTEC.L achieves a 15.22% return, which is significantly higher than XLVS.L's 2.92% return.
BTEC.L
- 1D
- 0.68%
- 1M
- 9.55%
- 6M
- 13.18%
- YTD
- 15.22%
- 1Y
- 50.31%
- 3Y*
- 16.99%
- 5Y*
- 5.87%
- 10Y*
- —
XLVS.L
- 1D
- 0.59%
- 1M
- 4.29%
- 6M
- 1.82%
- YTD
- 2.92%
- 1Y
- 21.48%
- 3Y*
- 8.05%
- 5Y*
- 5.72%
- 10Y*
- 9.42%
BTEC.L vs. XLVS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTEC.L iShares Nasdaq US Biotechnology UCITS ETF USD (Acc) | 15.22% | 32.96% | -2.04% | 6.22% | -11.92% | -0.49% | 27.40% | 25.57% | -11.22% | -3.31% |
XLVS.L Invesco Health Care S&P US Select Sector UCITS ETF Acc | 2.92% | 14.78% | 2.15% | 1.56% | -2.62% | 27.57% | 12.04% | 20.54% | 4.87% | 0.06% |
Correlation
The correlation between BTEC.L and XLVS.L is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2017 | 0.67 |
The correlation between BTEC.L and XLVS.L has been stable across timeframes, ranging from 0.63 to 0.67 - a consistent structural relationship.
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Return for Risk
BTEC.L vs. XLVS.L — Risk / Return Rank
BTEC.L
XLVS.L
BTEC.L vs. XLVS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq US Biotechnology UCITS ETF USD (Acc) (BTEC.L) and Invesco Health Care S&P US Select Sector UCITS ETF Acc (XLVS.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.
| BTEC.L | XLVS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.24 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 6.22 | 2.05 | +4.17 |
| Martin ratioReturn relative to average drawdown | 19.15 | 5.02 | +14.13 |
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Drawdowns
BTEC.L vs. XLVS.L - Drawdown Comparison
The maximum BTEC.L drawdown since its inception was -38.42%, which is greater than XLVS.L's maximum drawdown of -26.88%. Use the drawdown chart below to compare losses from any high point for BTEC.L and XLVS.L.
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Drawdown Indicators
| BTEC.L | XLVS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.42% | -26.88% | -11.54% |
Max Drawdown (1Y)Largest decline over 1 year | -7.94% | -10.45% | +2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -26.74% | -17.56% | -9.18% |
Max Drawdown (5Y)Largest decline over 5 years | -38.42% | -17.56% | -20.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.88% | — |
Current DrawdownCurrent decline from peak | -3.87% | -3.37% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -13.22% | -4.52% | -8.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 4.27% | -1.69% |
Volatility
BTEC.L vs. XLVS.L - Volatility Comparison
iShares Nasdaq US Biotechnology UCITS ETF USD (Acc) (BTEC.L) and Invesco Health Care S&P US Select Sector UCITS ETF Acc (XLVS.L) have volatilities of 5.91% and 6.06%, 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.
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Volatility by Period
| BTEC.L | XLVS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.91% | 6.06% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 15.67% | 11.63% | +4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.42% | 15.68% | +4.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.39% | 14.92% | +6.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.37% | 15.57% | +6.80% |
BTEC.L vs. XLVS.L - Expense Ratio Comparison
BTEC.L has a 0.35% expense ratio, which is higher than XLVS.L's 0.14% expense ratio.
Dividends
BTEC.L vs. XLVS.L - Dividend Comparison
Neither BTEC.L nor XLVS.L has paid dividends to shareholders.
Frequently Asked Questions
BTEC.L and XLVS.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLVS.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLVS.L is cheaper with a 0.14% expense ratio, compared with 0.35% for BTEC.L.
BTEC.L tracks NASDAQ Biotechnology NET Index, while XLVS.L tracks S&P® Select Sector Capped 20% Health Care Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.35% for BTEC.L and 0.14% for XLVS.L.
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