BTEK.L vs. GXLV.L
BTEK.L (iShares Nasdaq US Biotechnology UCITS ETF) and GXLV.L (SPDR S&P US Health Care Select Sector UCITS ETF) are both Health & Biotech Equities funds - BTEK.L tracks the NASDAQ Biotechnology TR USD while GXLV.L tracks the MSCI World/Health Care NR USD. Both are passively managed. Over the past 3 years, BTEK.L returned 10.19%/yr vs 3.78%/yr for GXLV.L. At a 0.32 correlation, their price movements are largely independent. BTEK.L charges 0.35%/yr vs 0.15%/yr for GXLV.L.
Performance
BTEK.L vs. GXLV.L - Performance Comparison
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Returns By Period
In the year-to-date period, BTEK.L achieves a 4.86% return, which is significantly higher than GXLV.L's -1.77% 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*
- —
GXLV.L
- 1D
- 2.97%
- 1M
- 5.67%
- YTD
- -1.77%
- 6M
- -2.12%
- 1Y
- 16.12%
- 3Y*
- 3.78%
- 5Y*
- —
- 10Y*
- —
BTEK.L vs. GXLV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BTEK.L iShares Nasdaq US Biotechnology UCITS ETF | 4.86% | 23.81% | -0.32% | 0.33% | 5.40% |
GXLV.L SPDR S&P US Health Care Select Sector UCITS ETF | -1.77% | 6.82% | 3.59% | -3.78% | 7.82% |
Correlation
The correlation between BTEK.L and GXLV.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2022 | 0.32 |
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Return for Risk
BTEK.L vs. GXLV.L — Risk / Return Rank
BTEK.L
GXLV.L
BTEK.L vs. GXLV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq US Biotechnology UCITS ETF (BTEK.L) and SPDR S&P US Health Care Select Sector UCITS ETF (GXLV.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.
| BTEK.L | GXLV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.24 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 6.23 | 2.16 | +4.08 |
| Martin ratioReturn relative to average drawdown | 17.55 | 4.76 | +12.80 |
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 | GXLV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | 1.34 | +0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.31 | -0.01 |
Drawdowns
BTEK.L vs. GXLV.L - Drawdown Comparison
The maximum BTEK.L drawdown since its inception was -30.86%, which is greater than GXLV.L's maximum drawdown of -19.59%. Use the drawdown chart below to compare losses from any high point for BTEK.L and GXLV.L.
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Drawdown Indicators
| BTEK.L | GXLV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.86% | -19.59% | -11.27% |
Max Drawdown (1Y)Largest decline over 1 year | -6.89% | -11.51% | +4.62% |
Max Drawdown (3Y)Largest decline over 3 years | -26.34% | -19.59% | -6.75% |
Max Drawdown (5Y)Largest decline over 5 years | -30.86% | — | — |
Current DrawdownCurrent decline from peak | -1.86% | -5.07% | +3.21% |
Average DrawdownAverage peak-to-trough decline | -10.04% | -6.15% | -3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 9.07% | -6.62% |
Volatility
BTEK.L vs. GXLV.L - Volatility Comparison
iShares Nasdaq US Biotechnology UCITS ETF (BTEK.L) has a higher volatility of 6.91% compared to SPDR S&P US Health Care Select Sector UCITS ETF (GXLV.L) at 5.53%. This indicates that BTEK.L's price experiences larger fluctuations and is considered to be riskier than GXLV.L 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 | GXLV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 5.53% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 14.67% | 12.37% | +2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.14% | 18.62% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.08% | 20.60% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.71% | 20.60% | +1.11% |
BTEK.L vs. GXLV.L - Expense Ratio Comparison
BTEK.L has a 0.35% expense ratio, which is higher than GXLV.L's 0.15% expense ratio.
Dividends
BTEK.L vs. GXLV.L - Dividend Comparison
Neither BTEK.L nor GXLV.L has paid dividends to shareholders.
Frequently Asked Questions
BTEK.L and GXLV.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GXLV.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXLV.L is cheaper with a 0.15% expense ratio, compared with 0.35% for BTEK.L.
BTEK.L tracks NASDAQ Biotechnology TR USD, while GXLV.L tracks MSCI World/Health Care NR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.35% for BTEK.L and 0.15% for GXLV.L.
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