BTEK.L vs. JEDG.L
BTEK.L (iShares Nasdaq US Biotechnology UCITS ETF) and JEDG.L (VanEck Space Innovators UCITS ETF) are both exchange-traded funds - BTEK.L is a Health & Biotech Equities fund tracking the NASDAQ Biotechnology TR USD, while JEDG.L is a Industrials Equities fund tracking the MSCI World/Materials NR USD. Both are passively managed. Over the past 3 years, BTEK.L returned 10.19%/yr vs 65.85%/yr for JEDG.L. At a 0.37 correlation, their price movements are largely independent. BTEK.L charges 0.35%/yr vs 0.55%/yr for JEDG.L.
Performance
BTEK.L vs. JEDG.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 lower than JEDG.L's 74.89% 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*
- —
JEDG.L
- 1D
- 1.49%
- 1M
- 23.72%
- YTD
- 74.89%
- 6M
- 96.65%
- 1Y
- 211.91%
- 3Y*
- 65.85%
- 5Y*
- —
- 10Y*
- —
BTEK.L vs. JEDG.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% | 11.00% |
JEDG.L VanEck Space Innovators UCITS ETF | 74.89% | 80.38% | 46.13% | 6.44% | -12.08% |
Correlation
The correlation between BTEK.L and JEDG.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.37 |
The correlation between BTEK.L and JEDG.L shifts across timeframes, from 0.27 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BTEK.L vs. JEDG.L — Risk / Return Rank
BTEK.L
JEDG.L
BTEK.L vs. JEDG.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 VanEck Space Innovators UCITS ETF (JEDG.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 | JEDG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.61 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 6.23 | 9.18 | -2.95 |
| Martin ratioReturn relative to average drawdown | 17.55 | 30.71 | -13.15 |
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 | JEDG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | 4.77 | -2.52 |
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 | 1.36 | -1.05 |
Drawdowns
BTEK.L vs. JEDG.L - Drawdown Comparison
The maximum BTEK.L drawdown since its inception was -30.86%, which is greater than JEDG.L's maximum drawdown of -26.80%. Use the drawdown chart below to compare losses from any high point for BTEK.L and JEDG.L.
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Drawdown Indicators
| BTEK.L | JEDG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.86% | -26.80% | -4.06% |
Max Drawdown (1Y)Largest decline over 1 year | -6.89% | -22.94% | +16.05% |
Max Drawdown (3Y)Largest decline over 3 years | -26.34% | -26.80% | +0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -30.86% | — | — |
Current DrawdownCurrent decline from peak | -1.86% | -13.90% | +12.04% |
Average DrawdownAverage peak-to-trough decline | -10.04% | -8.86% | -1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 6.87% | -4.42% |
Volatility
BTEK.L vs. JEDG.L - Volatility Comparison
The current volatility for iShares Nasdaq US Biotechnology UCITS ETF (BTEK.L) is 6.91%, while VanEck Space Innovators UCITS ETF (JEDG.L) has a volatility of 18.94%. This indicates that BTEK.L experiences smaller price fluctuations and is considered to be less risky than JEDG.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 | JEDG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 18.94% | -12.03% |
Volatility (6M)Calculated over the trailing 6-month period | 14.67% | 34.54% | -19.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.14% | 44.16% | -25.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.08% | 33.12% | -13.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.71% | 33.12% | -11.41% |
BTEK.L vs. JEDG.L - Expense Ratio Comparison
BTEK.L has a 0.35% expense ratio, which is lower than JEDG.L's 0.55% expense ratio.
Dividends
BTEK.L vs. JEDG.L - Dividend Comparison
Neither BTEK.L nor JEDG.L has paid dividends to shareholders.
Frequently Asked Questions
BTEK.L and JEDG.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BTEK.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BTEK.L is cheaper with a 0.35% expense ratio, compared with 0.55% for JEDG.L.
BTEK.L is categorized as Health & Biotech Equities, while JEDG.L is Industrials Equities. BTEK.L tracks NASDAQ Biotechnology TR USD, while JEDG.L tracks MSCI World/Materials NR USD. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.35% for BTEK.L and 0.55% for JEDG.L.
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