ISPY.L vs. BIOT.L
ISPY.L (L&G Cyber Security UCITS ETF) and BIOT.L (L&G Pharma Breakthrough UCITS ETF - USD Accumulating ETF) are both exchange-traded funds - ISPY.L is a Cybersecurity fund tracking the ISE Cyber Security UCITS 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 5 years, ISPY.L returned 13.16%/yr vs 3.12%/yr for BIOT.L. At a 0.47 correlation, their price movements are largely independent. ISPY.L charges 0.69%/yr vs 0.49%/yr for BIOT.L.
Performance
ISPY.L vs. BIOT.L - Performance Comparison
Loading charts...
Different Trading Currencies
ISPY.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, ISPY.L achieves a 47.11% return, which is significantly higher than BIOT.L's 7.49% return.
ISPY.L
- 1D
- -2.96%
- 1M
- 11.14%
- 6M
- 50.18%
- YTD
- 47.11%
- 1Y
- 44.59%
- 3Y*
- 28.79%
- 5Y*
- 13.16%
- 10Y*
- 17.12%
BIOT.L
- 1D
- 0.00%
- 1M
- 6.51%
- 6M
- 6.57%
- YTD
- 7.49%
- 1Y
- 31.98%
- 3Y*
- 8.83%
- 5Y*
- 3.12%
- 10Y*
- —
ISPY.L vs. BIOT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ISPY.L L&G Cyber Security UCITS ETF | 47.11% | 0.28% | 19.68% | 34.35% | -24.57% | 9.18% | 37.24% | 25.65% | 13.32% |
BIOT.L L&G Pharma Breakthrough UCITS ETF - USD Accumulating ETF | 7.49% | 26.75% | -3.66% | -13.81% | 2.48% | -2.69% | 24.52% | 8.73% | 0.06% |
Correlation
The correlation between ISPY.L and BIOT.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018 | 0.47 |
Over the past year, the correlation between ISPY.L and BIOT.L has dropped to 0.14 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ISPY.L vs. BIOT.L — Risk / Return Rank
ISPY.L
BIOT.L
ISPY.L vs. BIOT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Cyber Security UCITS ETF (ISPY.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.
| ISPY.L | BIOT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.27 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 3.15 | -0.97 |
| Martin ratioReturn relative to average drawdown | 5.43 | 9.02 | -3.59 |
Loading charts...
Drawdowns
ISPY.L vs. BIOT.L - Drawdown Comparison
The maximum ISPY.L drawdown since its inception was -50.17%, which is greater than BIOT.L's maximum drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for ISPY.L and BIOT.L.
Loading charts...
Drawdown Indicators
| ISPY.L | BIOT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.17% | -30.68% | -19.49% |
Max Drawdown (1Y)Largest decline over 1 year | -20.33% | -10.21% | -10.12% |
Max Drawdown (3Y)Largest decline over 3 years | -28.19% | -19.56% | -8.63% |
Max Drawdown (5Y)Largest decline over 5 years | -31.77% | -30.68% | -1.09% |
Max Drawdown (10Y)Largest decline over 10 years | -31.77% | — | — |
Current DrawdownCurrent decline from peak | -2.96% | -7.02% | +4.06% |
Average DrawdownAverage peak-to-trough decline | -12.86% | -10.48% | -2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.19% | 3.57% | +4.62% |
Volatility
ISPY.L vs. BIOT.L - Volatility Comparison
L&G Cyber Security UCITS ETF (ISPY.L) has a higher volatility of 10.58% compared to L&G Pharma Breakthrough UCITS ETF - USD Accumulating ETF (BIOT.L) at 6.34%. This indicates that ISPY.L's price experiences larger fluctuations and is considered to be riskier than BIOT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ISPY.L | BIOT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.58% | 6.34% | +4.24% |
Volatility (6M)Calculated over the trailing 6-month period | 24.94% | 15.32% | +9.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.86% | 20.40% | +7.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.58% | 17.99% | +9.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.47% | 19.14% | +5.33% |
ISPY.L vs. BIOT.L - Expense Ratio Comparison
ISPY.L has a 0.69% expense ratio, which is higher than BIOT.L's 0.49% expense ratio.
Dividends
ISPY.L vs. BIOT.L - Dividend Comparison
Neither ISPY.L nor BIOT.L has paid dividends to shareholders.
Frequently Asked Questions
ISPY.L and BIOT.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
BIOT.L is cheaper with a 0.49% expense ratio, compared with 0.69% for ISPY.L.
ISPY.L is categorized as Cybersecurity, while BIOT.L is Health & Biotech Equities. ISPY.L tracks ISE Cyber Security UCITS Index, while BIOT.L tracks Solactive Pharma Breakthrough Value Index Net Total Return. Their fees differ too: 0.69% for ISPY.L and 0.49% for BIOT.L.
Find the right allocation for ISPY.L and BIOT.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer