ETRA.L vs. BIOT.L

Last updated Jul 16, 2026

ETRA.L (L&G New Energy Commodities UCITS ETF USD Acc) and BIOT.L (L&G Pharma Breakthrough UCITS ETF - USD Accumulating ETF) are both exchange-traded funds - ETRA.L is a Commodities fund tracking the Solactive Energy Transition Commodity Total Return Index, while BIOT.L is a Health & Biotech Equities fund tracking the Solactive Pharma Breakthrough Value Index Net Total Return. Both are passively managed. Over the past year, ETRA.L returned 28.20% vs 31.98% for BIOT.L. At a 0.02 correlation, their price movements are largely independent. ETRA.L charges 0.65%/yr vs 0.49%/yr for BIOT.L.

Performance

ETRA.L vs. BIOT.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G New Energy Commodities UCITS ETF USD Acc (ETRA.L) and L&G Pharma Breakthrough UCITS ETF - USD Accumulating ETF (BIOT.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ETRA.L is traded in GBp, while BIOT.L is traded in USD. To make them comparable, the BIOT.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, ETRA.L achieves a 9.29% return, which is significantly higher than BIOT.L's 7.49% return.

ETRA.L

• 1D: 0.00%
• 1M: -1.63%
• 6M: 1.76%
• YTD: 9.29%
• 1Y: 28.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BIOT.L

• 1D: 0.00%
• 1M: 6.51%
• 6M: 6.57%
• YTD: 7.49%
• 1Y: 31.98%
• 3Y*: 8.83%
• 5Y*: 3.12%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ETRA.L vs. BIOT.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ETRA.L L&G New Energy Commodities UCITS ETF USD Acc	9.29%	19.38%	-20.97%
BIOT.L L&G Pharma Breakthrough UCITS ETF - USD Accumulating ETF	7.49%	26.75%	5.63%

Correlation

The correlation between ETRA.L and BIOT.L is 0.06, 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	0.06
Correlation (All Time) Calculated using the full available price history since Apr 15, 2024	0.02

Return for Risk

ETRA.L vs. BIOT.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETRA.L

ETRA.L Risk / Return Rank: 35
ETRA.L Sharpe Ratio Rank: 22
ETRA.L Sortino Ratio Rank: 27
ETRA.L Omega Ratio Rank: 78
ETRA.L Calmar Ratio Rank: 27
ETRA.L Martin Ratio Rank: 21

BIOT.L

BIOT.L Risk / Return Rank: 67
BIOT.L Sharpe Ratio Rank: 63
BIOT.L Sortino Ratio Rank: 64
BIOT.L Omega Ratio Rank: 55
BIOT.L Calmar Ratio Rank: 83
BIOT.L Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETRA.L vs. BIOT.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G New Energy Commodities UCITS ETF USD Acc (ETRA.L) and L&G Pharma Breakthrough UCITS ETF - USD Accumulating ETF (BIOT.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.

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.

	ETRA.L	BIOT.L	Difference
Sharpe ratio: Return per unit of total volatility	0.64	1.58	-0.93
Sortino ratio: Return per unit of downside risk	1.27	2.26	-0.99
Omega ratio: Gain probability vs. loss probability	1.37	1.27	+0.10
Calmar ratio: Return relative to maximum drawdown	1.12	3.15	-2.03
Martin ratio: Return relative to average drawdown	2.11	9.02	-6.90

ETRA.L vs. BIOT.L - Sharpe Ratio Comparison

The current ETRA.L Sharpe Ratio is 0.64, which is lower than the BIOT.L Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of ETRA.L and BIOT.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ETRA.L vs. BIOT.L - Drawdown Comparison

The maximum ETRA.L drawdown since its inception was -26.76%, smaller than the maximum BIOT.L drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for ETRA.L and BIOT.L.

Drawdown Indicators

	ETRA.L	BIOT.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.76%	-30.68%	+3.92%
Max Drawdown (1Y) Largest decline over 1 year	-25.14%	-10.21%	-14.93%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.56%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.68%	—
Current Drawdown Current decline from peak	-11.10%	-7.02%	-4.08%
Average Drawdown Average peak-to-trough decline	-18.76%	-10.48%	-8.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.34%	3.57%	+9.77%

Volatility

ETRA.L vs. BIOT.L - Volatility Comparison

The current volatility for L&G New Energy Commodities UCITS ETF USD Acc (ETRA.L) is 4.48%, while L&G Pharma Breakthrough UCITS ETF - USD Accumulating ETF (BIOT.L) has a volatility of 6.34%. This indicates that ETRA.L experiences smaller price fluctuations and is considered to be less risky than BIOT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETRA.L	BIOT.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	6.34%	-1.86%
Volatility (6M) Calculated over the trailing 6-month period	11.25%	15.32%	-4.07%
Volatility (1Y) Calculated over the trailing 1-year period	43.84%	20.40%	+23.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.96%	17.99%	+14.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.96%	19.14%	+13.82%

ETRA.L vs. BIOT.L - Expense Ratio Comparison

ETRA.L has a 0.65% expense ratio, which is higher than BIOT.L's 0.49% expense ratio.

Dividends

ETRA.L vs. BIOT.L - Dividend Comparison

Neither ETRA.L nor BIOT.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ETRA.L and BIOT.L in my portfolio?

ETRA.L and BIOT.L have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETRA.L or BIOT.L?

On fees, BIOT.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETRA.L or BIOT.L?

BIOT.L is cheaper with a 0.49% expense ratio, compared with 0.65% for ETRA.L.

What is the main difference between ETRA.L and BIOT.L?

ETRA.L is categorized as Commodities, while BIOT.L is Health & Biotech Equities. ETRA.L tracks Solactive Energy Transition Commodity Total Return Index, while BIOT.L tracks Solactive Pharma Breakthrough Value Index Net Total Return. Their fees differ too: 0.65% for ETRA.L and 0.49% for BIOT.L.