ISDW.L vs. IBBQ

Last updated Jun 5, 2026

ISDW.L (iShares MSCI World Islamic UCITS) and IBBQ (Invesco Nasdaq Biotechnology ETF) are both exchange-traded funds - ISDW.L is a Global Equities fund tracking the MSCI World Islamic Index, while IBBQ is a Health & Biotech Equities fund tracking the NASDAQ / Biotechnology. Both are passively managed. Over the past 3 years, ISDW.L returned 18.57%/yr vs 13.38%/yr for IBBQ. At a 0.30 correlation, their price movements are largely independent. ISDW.L charges 0.30%/yr vs 0.00%/yr for IBBQ.

Performance

ISDW.L vs. IBBQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI World Islamic UCITS (ISDW.L) and Invesco Nasdaq Biotechnology ETF (IBBQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ISDW.L achieves a 19.45% return, which is significantly higher than IBBQ's 4.29% return.

ISDW.L

• 1D: -0.28%
• 1M: 8.36%
• YTD: 19.45%
• 6M: 20.58%
• 1Y: 36.72%
• 3Y*: 18.57%
• 5Y*: 12.01%
• 10Y*: 11.23%

IBBQ

• 1D: 2.33%
• 1M: 0.50%
• YTD: 4.29%
• 6M: 3.35%
• 1Y: 42.84%
• 3Y*: 13.38%
• 5Y*: —
• 10Y*: —

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

ISDW.L vs. IBBQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ISDW.L iShares MSCI World Islamic UCITS	19.45%	19.35%	5.72%	23.61%	-11.80%	6.80%
IBBQ Invesco Nasdaq Biotechnology ETF	4.29%	33.32%	-0.63%	4.73%	-10.41%	-6.72%

Correlation

The correlation between ISDW.L and IBBQ 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	0.30
Correlation (All Time) Calculated using the full available price history since Jun 14, 2021	0.30

ISDW.L vs. IBBQ - Sectors Allocation Comparison

Sectors	ISDW.L	IBBQ
Technology	43.8%	-
Industrials	12.7%	-
Energy	10.9%	-
Healthcare	10.2%	98.3%
Basic Materials	9.6%	-
Consumer Cyclical	7.1%	-
Consumer Defensive	3.7%	-
Utilities	1.0%	-
Communication Services	0.4%	-
Real Estate	0.2%	-
Financial Services	0.0%	0.0%

Return for Risk

ISDW.L vs. IBBQ — Risk / Return Rank

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

ISDW.L

ISDW.L Risk / Return Rank: 86
ISDW.L Sharpe Ratio Rank: 86
ISDW.L Sortino Ratio Rank: 88
ISDW.L Omega Ratio Rank: 82
ISDW.L Calmar Ratio Rank: 89
ISDW.L Martin Ratio Rank: 87

IBBQ

IBBQ Risk / Return Rank: 73
IBBQ Sharpe Ratio Rank: 68
IBBQ Sortino Ratio Rank: 67
IBBQ Omega Ratio Rank: 60
IBBQ Calmar Ratio Rank: 89
IBBQ Martin Ratio Rank: 84

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.

ISDW.L vs. IBBQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Islamic UCITS (ISDW.L) and Invesco Nasdaq Biotechnology ETF (IBBQ). 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.

	ISDW.L	IBBQ	Difference
Sharpe ratio: Return per unit of total volatility	2.82	2.18	+0.64
Sortino ratio: Return per unit of downside risk	3.94	3.04	+0.90
Omega ratio: Gain probability vs. loss probability	1.49	1.36	+0.13
Calmar ratio: Return relative to maximum drawdown	5.29	5.16	+0.13
Martin ratio: Return relative to average drawdown	18.43	16.87	+1.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ISDW.L vs. IBBQ - Sharpe Ratio Comparison

The current ISDW.L Sharpe Ratio is 2.82, which is comparable to the IBBQ Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of ISDW.L and IBBQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ISDW.L	IBBQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.82	2.18	+0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.18	+0.28

Drawdowns

ISDW.L vs. IBBQ - Drawdown Comparison

The maximum ISDW.L drawdown since its inception was -44.87%, which is greater than IBBQ's maximum drawdown of -37.94%. Use the drawdown chart below to compare losses from any high point for ISDW.L and IBBQ.

Drawdown Indicators

	ISDW.L	IBBQ	Difference
Max Drawdown Largest peak-to-trough decline	-44.87%	-37.94%	-6.93%
Max Drawdown (1Y) Largest decline over 1 year	-6.91%	-8.34%	+1.43%
Max Drawdown (3Y) Largest decline over 3 years	-18.20%	-23.66%	+5.46%
Max Drawdown (5Y) Largest decline over 5 years	-22.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.77%	—	—
Current Drawdown Current decline from peak	-0.28%	-2.96%	+2.68%
Average Drawdown Average peak-to-trough decline	-5.26%	-16.81%	+11.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	2.55%	-0.56%

Volatility

ISDW.L vs. IBBQ - Volatility Comparison

The current volatility for iShares MSCI World Islamic UCITS (ISDW.L) is 4.54%, while Invesco Nasdaq Biotechnology ETF (IBBQ) has a volatility of 7.25%. This indicates that ISDW.L experiences smaller price fluctuations and is considered to be less risky than IBBQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISDW.L	IBBQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.54%	7.25%	-2.71%
Volatility (6M) Calculated over the trailing 6-month period	10.20%	15.30%	-5.10%
Volatility (1Y) Calculated over the trailing 1-year period	12.98%	19.75%	-6.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.72%	21.87%	-6.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.67%	21.87%	-6.20%

ISDW.L vs. IBBQ - Expense Ratio Comparison

ISDW.L has a 0.30% expense ratio, which is higher than IBBQ's 0.00% expense ratio.

Dividends

ISDW.L vs. IBBQ - Dividend Comparison

ISDW.L's dividend yield for the trailing twelve months is around 0.95%, more than IBBQ's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBBQ Invesco Nasdaq Biotechnology ETF	0.85%	0.90%	1.14%	0.81%	0.76%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ISDW.L iShares MSCI World Islamic UCITS	0.95%	1.11%	1.38%	1.56%	2.02%	1.47%	1.38%	1.80%	1.87%	1.54%	1.70%	1.77%

Frequently Asked Questions

Can I hold both ISDW.L and IBBQ in my portfolio?

ISDW.L and IBBQ 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.

Which ETF is better, ISDW.L or IBBQ?

On fees, IBBQ is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ISDW.L or IBBQ?

IBBQ is cheaper with a 0.00% expense ratio, compared with 0.30% for ISDW.L.

What is the main difference between ISDW.L and IBBQ?

ISDW.L is categorized as Global Equities, while IBBQ is Health & Biotech Equities. ISDW.L tracks MSCI World Islamic Index, while IBBQ tracks NASDAQ / Biotechnology. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.30% for ISDW.L and 0.00% for IBBQ.