BTEK.L vs. ^XNG
BTEK.L (iShares Nasdaq US Biotechnology UCITS ETF) is Health & Biotech Equities fund tracking the NASDAQ Biotechnology TR USD, while ^XNG (NYSE Arca Natural Gas Index) is an index. Over the past 5 years, BTEK.L returned 5.85%/yr vs 16.94%/yr for ^XNG. At a 0.18 correlation, their price movements are largely independent.
Performance
BTEK.L vs. ^XNG - Performance Comparison
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Different Trading Currencies
BTEK.L is traded in GBP, while ^XNG is traded in USD. To make them comparable, the ^XNG values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, BTEK.L achieves a 4.86% return, which is significantly lower than ^XNG's 19.96% return.
BTEK.L
- 1D
- 3.56%
- 1M
- 2.25%
- YTD
- 4.86%
- 6M
- 2.70%
- 1Y
- 43.15%
- 3Y*
- 10.19%
- 5Y*
- 5.85%
- 10Y*
- —
^XNG
- 1D
- 0.92%
- 1M
- -4.19%
- YTD
- 19.96%
- 6M
- 13.92%
- 1Y
- 24.76%
- 3Y*
- 14.60%
- 5Y*
- 16.94%
- 10Y*
- 4.48%
BTEK.L vs. ^XNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTEK.L iShares Nasdaq US Biotechnology UCITS ETF | 4.86% | 23.81% | -0.32% | 0.33% | -1.55% | 0.90% | 23.11% | 21.63% | -6.34% | -3.31% |
^XNG NYSE Arca Natural Gas Index | 19.96% | 1.64% | 18.58% | -2.32% | 37.15% | 55.63% | -19.91% | -7.05% | -28.80% | 3.92% |
Correlation
The correlation between BTEK.L and ^XNG is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2017 | 0.18 |
The correlation between BTEK.L and ^XNG shifts across timeframes, from -0.04 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BTEK.L vs. ^XNG — Risk / Return Rank
BTEK.L
^XNG
BTEK.L vs. ^XNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq US Biotechnology UCITS ETF (BTEK.L) and NYSE Arca Natural Gas Index (^XNG). 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.
| BTEK.L | ^XNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.25 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 6.23 | 2.15 | +4.09 |
| Martin ratioReturn relative to average drawdown | 17.55 | 5.89 | +11.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTEK.L | ^XNG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | 1.47 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.81 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.16 | +0.15 |
Drawdowns
BTEK.L vs. ^XNG - Drawdown Comparison
The maximum BTEK.L drawdown since its inception was -30.86%, smaller than the maximum ^XNG drawdown of -78.00%. Use the drawdown chart below to compare losses from any high point for BTEK.L and ^XNG.
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Drawdown Indicators
| BTEK.L | ^XNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.86% | -78.00% | +47.14% |
Max Drawdown (1Y)Largest decline over 1 year | -6.89% | -11.59% | +4.70% |
Max Drawdown (3Y)Largest decline over 3 years | -26.34% | -16.94% | -9.40% |
Max Drawdown (5Y)Largest decline over 5 years | -30.86% | -25.17% | -5.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -76.16% | — |
Current DrawdownCurrent decline from peak | -1.86% | -9.27% | +7.41% |
Average DrawdownAverage peak-to-trough decline | -10.04% | -23.44% | +13.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 4.22% | -1.77% |
Volatility
BTEK.L vs. ^XNG - Volatility Comparison
iShares Nasdaq US Biotechnology UCITS ETF (BTEK.L) and NYSE Arca Natural Gas Index (^XNG) have volatilities of 6.91% and 6.95%, 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
| BTEK.L | ^XNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 6.95% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 14.67% | 13.75% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.14% | 17.02% | +2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.08% | 21.09% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.71% | 28.83% | -7.12% |
Frequently Asked Questions
BTEK.L and ^XNG have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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