FWEA.DE vs. NBTK.DE
FWEA.DE (Invesco FTSE All-World UCITS ETF) and NBTK.DE (Invesco Nasdaq Biotech UCITS ETF) are both exchange-traded funds - FWEA.DE is a Global Equities fund tracking the FTSE All-World Index, while NBTK.DE is a Health & Biotech Equities fund tracking the Nasdaq Biotechnology. Both are passively managed. Over the past year, FWEA.DE returned 25.98% vs 39.20% for NBTK.DE. At a 0.46 correlation, their price movements are largely independent. FWEA.DE charges 0.20%/yr vs 0.40%/yr for NBTK.DE.
Performance
FWEA.DE vs. NBTK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FWEA.DE achieves a 10.64% return, which is significantly higher than NBTK.DE's 4.27% return.
FWEA.DE
- 1D
- -0.24%
- 1M
- 2.84%
- YTD
- 10.64%
- 6M
- 11.58%
- 1Y
- 25.98%
- 3Y*
- —
- 5Y*
- —
- 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*
- —
FWEA.DE vs. NBTK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FWEA.DE Invesco FTSE All-World UCITS ETF | 10.64% | 17.53% | 19.21% | 8.62% |
NBTK.DE Invesco Nasdaq Biotech UCITS ETF | 4.27% | 18.60% | 4.57% | 6.50% |
Correlation
The correlation between FWEA.DE and NBTK.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.46 |
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Return for Risk
FWEA.DE vs. NBTK.DE — Risk / Return Rank
FWEA.DE
NBTK.DE
FWEA.DE vs. NBTK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE All-World UCITS ETF (FWEA.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.
| FWEA.DE | NBTK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.34 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 6.16 | -2.99 |
| Martin ratioReturn relative to average drawdown | 13.52 | 17.06 | -3.54 |
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
| FWEA.DE | NBTK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.03 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.51 | 0.42 | +1.10 |
Drawdowns
FWEA.DE vs. NBTK.DE - Drawdown Comparison
The maximum FWEA.DE drawdown since its inception was -17.48%, smaller than the maximum NBTK.DE drawdown of -30.99%. Use the drawdown chart below to compare losses from any high point for FWEA.DE and NBTK.DE.
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Drawdown Indicators
| FWEA.DE | NBTK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.48% | -30.99% | +13.51% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -6.24% | -2.04% |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.35% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.99% | — |
Current DrawdownCurrent decline from peak | -0.81% | -1.44% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -10.62% | +8.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 2.26% | -0.31% |
Volatility
FWEA.DE vs. NBTK.DE - Volatility Comparison
The current volatility for Invesco FTSE All-World UCITS ETF (FWEA.DE) is 3.36%, while Invesco Nasdaq Biotech UCITS ETF (NBTK.DE) has a volatility of 6.41%. This indicates that FWEA.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
| FWEA.DE | NBTK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 6.41% | -3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 8.93% | 14.11% | -5.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.45% | 19.00% | -7.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.72% | 20.30% | -7.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.72% | 22.05% | -9.33% |
FWEA.DE vs. NBTK.DE - Expense Ratio Comparison
FWEA.DE has a 0.20% expense ratio, which is lower than NBTK.DE's 0.40% expense ratio.
Dividends
FWEA.DE vs. NBTK.DE - Dividend Comparison
Neither FWEA.DE nor NBTK.DE has paid dividends to shareholders.
Frequently Asked Questions
FWEA.DE and NBTK.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWEA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWEA.DE is cheaper with a 0.20% expense ratio, compared with 0.40% for NBTK.DE.
FWEA.DE is categorized as Global Equities, while NBTK.DE is Health & Biotech Equities. FWEA.DE tracks FTSE All-World Index, while NBTK.DE tracks Nasdaq Biotechnology. Their fees differ too: 0.20% for FWEA.DE and 0.40% for NBTK.DE.
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