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 6.13%/yr vs 16.39%/yr for ^XNG. At a 0.16 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 14.42% return, which is significantly lower than ^XNG's 20.05% return.
BTEK.L
- 1D
- 0.86%
- 1M
- 10.14%
- YTD
- 14.42%
- 6M
- 12.78%
- 1Y
- 56.54%
- 3Y*
- 15.02%
- 5Y*
- 6.13%
- 10Y*
- —
^XNG
- 1D
- 0.74%
- 1M
- -1.00%
- YTD
- 20.05%
- 6M
- 20.80%
- 1Y
- 24.98%
- 3Y*
- 15.12%
- 5Y*
- 16.39%
- 10Y*
- 4.41%
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 | 14.42% | 23.65% | -0.20% | 0.30% | -1.56% | 0.90% | 23.11% | 21.63% | -5.80% | -28.70% |
^XNG NYSE Arca Natural Gas Index | 20.05% | 1.64% | 18.58% | -2.32% | 37.15% | 55.63% | -19.91% | -7.05% | -28.80% | 1.29% |
Correlation
The correlation between BTEK.L and ^XNG is -0.05, 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 | 0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2017 | 0.16 |
The correlation between BTEK.L and ^XNG shifts across timeframes, from -0.05 (1 year) to 0.16 (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.
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.
| BTEK.L | ^XNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.25 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 8.16 | 2.10 | +6.06 |
| Martin ratioReturn relative to average drawdown | 23.13 | 5.23 | +17.90 |
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Drawdowns
BTEK.L vs. ^XNG - Drawdown Comparison
The maximum BTEK.L drawdown since its inception was -36.03%, 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 | -36.03% | -78.00% | +41.97% |
Max Drawdown (1Y)Largest decline over 1 year | -6.89% | -11.93% | +5.04% |
Max Drawdown (3Y)Largest decline over 3 years | -26.39% | -16.94% | -9.45% |
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 | 0.00% | -9.20% | +9.20% |
Average DrawdownAverage peak-to-trough decline | -14.75% | -23.44% | +8.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 4.79% | -2.35% |
Volatility
BTEK.L vs. ^XNG - Volatility Comparison
iShares Nasdaq US Biotechnology UCITS ETF (BTEK.L) has a higher volatility of 6.85% compared to NYSE Arca Natural Gas Index (^XNG) at 5.06%. This indicates that BTEK.L's price experiences larger fluctuations and is considered to be riskier than ^XNG based on this measure. 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 | 6.85% | 5.06% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 15.02% | 13.72% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.44% | 17.09% | +2.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.95% | 21.05% | +2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.00% | 28.50% | -3.50% |
Frequently Asked Questions
BTEK.L and ^XNG have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for BTEK.L and ^XNG
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