CBUF.DE vs. NBTK.DE
CBUF.DE (iShares MSCI World Health Care Sector ESG UCITS ETF USD Dist) and NBTK.DE (Invesco Nasdaq Biotech UCITS ETF) are both Health & Biotech Equities funds - CBUF.DE tracks the MSCI World Health Care ESG Reduced Carbon Select 20 35 Capped while NBTK.DE tracks the Nasdaq Biotechnology. Both are passively managed. Over the past 5 years, CBUF.DE returned 4.66%/yr vs 5.63%/yr for NBTK.DE. A 0.70 correlation means they provide meaningful diversification when combined. CBUF.DE charges 0.18%/yr vs 0.40%/yr for NBTK.DE.
Performance
CBUF.DE vs. NBTK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUF.DE achieves a -2.22% return, which is significantly lower than NBTK.DE's 4.27% return.
CBUF.DE
- 1D
- 2.74%
- 1M
- 3.91%
- YTD
- -2.22%
- 6M
- -1.50%
- 1Y
- 7.40%
- 3Y*
- 0.62%
- 5Y*
- 4.66%
- 10Y*
- —
NBTK.DE
- 1D
- 2.92%
- 1M
- 0.38%
- YTD
- 4.27%
- 6M
- 3.76%
- 1Y
- 39.20%
- 3Y*
- 9.94%
- 5Y*
- 5.63%
- 10Y*
- —
CBUF.DE vs. NBTK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CBUF.DE iShares MSCI World Health Care Sector ESG UCITS ETF USD Dist | -2.22% | 2.56% | 0.75% | 0.33% | 2.09% | 30.42% | 2.79% | 11.42% |
NBTK.DE Invesco Nasdaq Biotech UCITS ETF | 4.27% | 18.60% | 4.57% | 2.51% | -6.11% | 7.46% | 14.59% | 14.46% |
Correlation
The correlation between CBUF.DE and NBTK.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2019 | 0.70 |
The correlation between CBUF.DE and NBTK.DE has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.
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Return for Risk
CBUF.DE vs. NBTK.DE — Risk / Return Rank
CBUF.DE
NBTK.DE
CBUF.DE vs. NBTK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Health Care Sector ESG UCITS ETF USD Dist (CBUF.DE) and Invesco Nasdaq Biotech UCITS ETF (NBTK.DE). 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.
| CBUF.DE | NBTK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.34 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 6.16 | -5.48 |
| Martin ratioReturn relative to average drawdown | 1.56 | 17.06 | -15.50 |
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
| CBUF.DE | NBTK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 2.03 | -1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.27 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.42 | +0.02 |
Drawdowns
CBUF.DE vs. NBTK.DE - Drawdown Comparison
The maximum CBUF.DE drawdown since its inception was -25.94%, smaller than the maximum NBTK.DE drawdown of -30.99%. Use the drawdown chart below to compare losses from any high point for CBUF.DE and NBTK.DE.
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Drawdown Indicators
| CBUF.DE | NBTK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.94% | -30.99% | +5.05% |
Max Drawdown (1Y)Largest decline over 1 year | -10.87% | -6.24% | -4.63% |
Max Drawdown (3Y)Largest decline over 3 years | -21.76% | -29.35% | +7.59% |
Max Drawdown (5Y)Largest decline over 5 years | -21.76% | -30.99% | +9.23% |
Current DrawdownCurrent decline from peak | -9.66% | -1.44% | -8.22% |
Average DrawdownAverage peak-to-trough decline | -5.65% | -10.62% | +4.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.74% | 2.26% | +2.48% |
Volatility
CBUF.DE vs. NBTK.DE - Volatility Comparison
The current volatility for iShares MSCI World Health Care Sector ESG UCITS ETF USD Dist (CBUF.DE) is 4.98%, while Invesco Nasdaq Biotech UCITS ETF (NBTK.DE) has a volatility of 6.41%. This indicates that CBUF.DE experiences smaller price fluctuations and is considered to be less risky than NBTK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBUF.DE | NBTK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 6.41% | -1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 14.11% | -4.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.98% | 19.00% | -5.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 20.30% | -6.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.36% | 22.05% | -6.69% |
CBUF.DE vs. NBTK.DE - Expense Ratio Comparison
CBUF.DE has a 0.18% expense ratio, which is lower than NBTK.DE's 0.40% expense ratio.
Dividends
CBUF.DE vs. NBTK.DE - Dividend Comparison
CBUF.DE's dividend yield for the trailing twelve months is around 1.08%, while NBTK.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CBUF.DE iShares MSCI World Health Care Sector ESG UCITS ETF USD Dist | 1.08% | 1.06% | 1.02% | 1.16% | 1.09% | 1.05% | 1.27% | 0.10% |
NBTK.DE Invesco Nasdaq Biotech UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CBUF.DE and NBTK.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUF.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUF.DE is cheaper with a 0.18% expense ratio, compared with 0.40% for NBTK.DE.
CBUF.DE tracks MSCI World Health Care ESG Reduced Carbon Select 20 35 Capped, while NBTK.DE tracks Nasdaq Biotechnology. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.18% for CBUF.DE and 0.40% for NBTK.DE.
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