BTEK.L vs. HLTW.L
BTEK.L (iShares Nasdaq US Biotechnology UCITS ETF) and HLTW.L (Lyxor UCITS MSCI World Health Care TR C-USD) are both Health & Biotech Equities funds - BTEK.L tracks the NASDAQ Biotechnology TR USD while HLTW.L tracks the MSCI World/Health Care NR USD. Both are passively managed. Over the past 5 years, BTEK.L returned 5.85%/yr vs 5.42%/yr for HLTW.L. A 0.68 correlation means they provide meaningful diversification when combined. BTEK.L charges 0.35%/yr vs 0.30%/yr for HLTW.L.
Performance
BTEK.L vs. HLTW.L - Performance Comparison
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Different Trading Currencies
BTEK.L is traded in GBP, while HLTW.L is traded in USD. To make them comparable, the HLTW.L 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 higher than HLTW.L's -2.73% 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*
- —
HLTW.L
- 1D
- 3.02%
- 1M
- 3.83%
- YTD
- -2.73%
- 6M
- -2.54%
- 1Y
- 12.62%
- 3Y*
- 2.64%
- 5Y*
- 5.42%
- 10Y*
- 8.49%
BTEK.L vs. HLTW.L - 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% |
HLTW.L Lyxor UCITS MSCI World Health Care TR C-USD | -2.73% | 7.49% | 2.14% | -2.07% | 5.56% | 21.73% | 9.62% | 18.18% | 7.56% | -2.08% |
Correlation
The correlation between BTEK.L and HLTW.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2017 | 0.68 |
The correlation between BTEK.L and HLTW.L has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.
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Return for Risk
BTEK.L vs. HLTW.L — Risk / Return Rank
BTEK.L
HLTW.L
BTEK.L vs. HLTW.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 Lyxor UCITS MSCI World Health Care TR C-USD (HLTW.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 | HLTW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.16 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 6.23 | 1.20 | +5.03 |
| Martin ratioReturn relative to average drawdown | 17.55 | 3.11 | +14.45 |
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 | HLTW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | 0.86 | +1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.39 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.80 | -0.50 |
Drawdowns
BTEK.L vs. HLTW.L - Drawdown Comparison
The maximum BTEK.L drawdown since its inception was -30.86%, which is greater than HLTW.L's maximum drawdown of -18.93%. Use the drawdown chart below to compare losses from any high point for BTEK.L and HLTW.L.
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Drawdown Indicators
| BTEK.L | HLTW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.86% | -18.93% | -11.93% |
Max Drawdown (1Y)Largest decline over 1 year | -6.89% | -10.46% | +3.57% |
Max Drawdown (3Y)Largest decline over 3 years | -26.34% | -18.93% | -7.41% |
Max Drawdown (5Y)Largest decline over 5 years | -30.86% | -18.93% | -11.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.93% | — |
Current DrawdownCurrent decline from peak | -1.86% | -5.86% | +4.00% |
Average DrawdownAverage peak-to-trough decline | -10.04% | -4.37% | -5.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 4.06% | -1.61% |
Volatility
BTEK.L vs. HLTW.L - Volatility Comparison
iShares Nasdaq US Biotechnology UCITS ETF (BTEK.L) has a higher volatility of 6.91% compared to Lyxor UCITS MSCI World Health Care TR C-USD (HLTW.L) at 5.30%. This indicates that BTEK.L's price experiences larger fluctuations and is considered to be riskier than HLTW.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 | HLTW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 5.30% | +1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 14.67% | 10.89% | +3.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.14% | 14.60% | +4.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.08% | 14.02% | +6.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.71% | 15.37% | +6.34% |
BTEK.L vs. HLTW.L - Expense Ratio Comparison
BTEK.L has a 0.35% expense ratio, which is higher than HLTW.L's 0.30% expense ratio.
Dividends
BTEK.L vs. HLTW.L - Dividend Comparison
Neither BTEK.L nor HLTW.L has paid dividends to shareholders.
Frequently Asked Questions
BTEK.L and HLTW.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HLTW.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HLTW.L is cheaper with a 0.30% expense ratio, compared with 0.35% for BTEK.L.
BTEK.L tracks NASDAQ Biotechnology TR USD, while HLTW.L tracks MSCI World/Health Care NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.35% for BTEK.L and 0.30% for HLTW.L.
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