FBT.L vs. ZPDJ.DE
FBT.L (First Trust NYSE Arca Biotechnology UCITS ETF Acc) and ZPDJ.DE (SPDR MSCI Japan UCITS ETF) are both exchange-traded funds - FBT.L is a Health & Biotech Equities fund tracking the NASDAQ Biotechnology TR USD, while ZPDJ.DE is a Japan Equities fund tracking the MSCI Japan. Both are passively managed. Over the past 5 years, FBT.L returned 7.17%/yr vs 10.29%/yr for ZPDJ.DE. At a 0.22 correlation, their price movements are largely independent. FBT.L charges 0.60%/yr vs 0.12%/yr for ZPDJ.DE.
Performance
FBT.L vs. ZPDJ.DE - Performance Comparison
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Different Trading Currencies
FBT.L is traded in GBp, while ZPDJ.DE is traded in EUR. To make them comparable, the ZPDJ.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FBT.L achieves a 4.41% return, which is significantly lower than ZPDJ.DE's 16.29% return.
FBT.L
- 1D
- 1.98%
- 1M
- 8.09%
- YTD
- 4.41%
- 6M
- 1.93%
- 1Y
- 34.35%
- 3Y*
- 9.80%
- 5Y*
- 7.17%
- 10Y*
- —
ZPDJ.DE
- 1D
- 0.89%
- 1M
- 7.49%
- YTD
- 16.29%
- 6M
- 17.68%
- 1Y
- 34.08%
- 3Y*
- 15.93%
- 5Y*
- 10.29%
- 10Y*
- 10.44%
FBT.L vs. ZPDJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FBT.L First Trust NYSE Arca Biotechnology UCITS ETF Acc | 4.41% | 17.24% | 7.13% | -0.99% | 3.88% | -2.57% | -2.54% |
ZPDJ.DE SPDR MSCI Japan UCITS ETF | 16.29% | 18.46% | 8.79% | 14.19% | -7.72% | 2.21% | 14.84% |
Correlation
The correlation between FBT.L and ZPDJ.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2020 | 0.22 |
The correlation between FBT.L and ZPDJ.DE shifts across timeframes, from 0.19 (3 years) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FBT.L vs. ZPDJ.DE — Risk / Return Rank
FBT.L
ZPDJ.DE
FBT.L vs. ZPDJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust NYSE Arca Biotechnology UCITS ETF Acc (FBT.L) and SPDR MSCI Japan UCITS ETF (ZPDJ.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.
| FBT.L | ZPDJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.36 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 3.25 | -0.77 |
| Martin ratioReturn relative to average drawdown | 6.60 | 10.41 | -3.81 |
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
| FBT.L | ZPDJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 1.85 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.64 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.58 | -0.32 |
Drawdowns
FBT.L vs. ZPDJ.DE - Drawdown Comparison
The maximum FBT.L drawdown since its inception was -30.39%, which is greater than ZPDJ.DE's maximum drawdown of -24.47%. Use the drawdown chart below to compare losses from any high point for FBT.L and ZPDJ.DE.
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Drawdown Indicators
| FBT.L | ZPDJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.39% | -24.47% | -5.92% |
Max Drawdown (1Y)Largest decline over 1 year | -13.81% | -10.45% | -3.36% |
Max Drawdown (3Y)Largest decline over 3 years | -23.70% | -15.02% | -8.68% |
Max Drawdown (5Y)Largest decline over 5 years | -23.70% | -18.71% | -4.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.47% | — |
Current DrawdownCurrent decline from peak | -1.97% | 0.00% | -1.97% |
Average DrawdownAverage peak-to-trough decline | -13.45% | -5.11% | -8.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.19% | 3.26% | +1.93% |
Volatility
FBT.L vs. ZPDJ.DE - Volatility Comparison
First Trust NYSE Arca Biotechnology UCITS ETF Acc (FBT.L) has a higher volatility of 6.10% compared to SPDR MSCI Japan UCITS ETF (ZPDJ.DE) at 4.06%. This indicates that FBT.L's price experiences larger fluctuations and is considered to be riskier than ZPDJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBT.L | ZPDJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 4.06% | +2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 15.02% | 14.72% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.11% | 18.32% | +1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.49% | 15.95% | +6.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.86% | 16.21% | +7.65% |
FBT.L vs. ZPDJ.DE - Expense Ratio Comparison
FBT.L has a 0.60% expense ratio, which is higher than ZPDJ.DE's 0.12% expense ratio.
Dividends
FBT.L vs. ZPDJ.DE - Dividend Comparison
Neither FBT.L nor ZPDJ.DE has paid dividends to shareholders.
Frequently Asked Questions
FBT.L and ZPDJ.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDJ.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDJ.DE is cheaper with a 0.12% expense ratio, compared with 0.60% for FBT.L.
FBT.L is categorized as Health & Biotech Equities, while ZPDJ.DE is Japan Equities. FBT.L tracks NASDAQ Biotechnology TR USD, while ZPDJ.DE tracks MSCI Japan. They also come from different issuers: First Trust and State Street. Their fees differ too: 0.60% for FBT.L and 0.12% for ZPDJ.DE.
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