ITEC.L vs. FBTU.L
Compare and contrast key facts about SPDR® MSCI Europe Technology UCITS ETF (ITEC.L) and First Trust NYSE Arca Biotechnology UCITS ETF Class A USD Accumulating (FBTU.L).
ITEC.L and FBTU.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ITEC.L is a passively managed fund by State Street that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Dec 5, 2014. FBTU.L is managed by First Trust.
Performance
ITEC.L vs. FBTU.L - Performance Comparison
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ITEC.L vs. FBTU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ITEC.L SPDR® MSCI Europe Technology UCITS ETF | 6.41% | 9.68% | 8.54% | 34.99% | -28.19% | 35.95% | 17.86% |
FBTU.L First Trust NYSE Arca Biotechnology UCITS ETF Class A USD Accumulating | -1.41% | 11.00% | 11.65% | 0.79% | -0.14% | 3.43% | -5.59% |
Different Trading Currencies
ITEC.L is traded in EUR, while FBTU.L is traded in USD. To make them comparable, the FBTU.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ITEC.L achieves a 6.41% return, which is significantly higher than FBTU.L's -1.41% return.
ITEC.L
- 1D
- 4.37%
- 1M
- -3.74%
- YTD
- 6.41%
- 6M
- 10.28%
- 1Y
- 20.60%
- 3Y*
- 12.53%
- 5Y*
- 8.18%
- 10Y*
- 12.51%
FBTU.L
- 1D
- 2.57%
- 1M
- 0.21%
- YTD
- -1.41%
- 6M
- 11.49%
- 1Y
- 13.12%
- 3Y*
- 7.43%
- 5Y*
- 4.85%
- 10Y*
- —
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ITEC.L vs. FBTU.L - Expense Ratio Comparison
ITEC.L has a 0.18% expense ratio, which is lower than FBTU.L's 0.60% expense ratio.
Return for Risk
ITEC.L vs. FBTU.L — Risk / Return Rank
ITEC.L
FBTU.L
ITEC.L vs. FBTU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR® MSCI Europe Technology UCITS ETF (ITEC.L) and First Trust NYSE Arca Biotechnology UCITS ETF Class A USD Accumulating (FBTU.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.
| ITEC.L | FBTU.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 0.56 | +0.24 |
Sortino ratioReturn per unit of downside risk | 1.27 | 0.93 | +0.33 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.12 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.12 | +0.51 |
Martin ratioReturn relative to average drawdown | 4.28 | 2.90 | +1.39 |
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
| ITEC.L | FBTU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.56 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.24 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.15 | +0.36 |
Correlation
The correlation between ITEC.L and FBTU.L is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ITEC.L vs. FBTU.L - Dividend Comparison
Neither ITEC.L nor FBTU.L has paid dividends to shareholders.
Drawdowns
ITEC.L vs. FBTU.L - Drawdown Comparison
The maximum ITEC.L drawdown since its inception was -38.49%, which is greater than FBTU.L's maximum drawdown of -26.67%. Use the drawdown chart below to compare losses from any high point for ITEC.L and FBTU.L.
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Drawdown Indicators
| ITEC.L | FBTU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.49% | -33.73% | -4.76% |
Max Drawdown (1Y)Largest decline over 1 year | -13.75% | -14.30% | +0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -38.49% | -29.97% | -8.52% |
Max Drawdown (10Y)Largest decline over 10 years | -38.49% | — | — |
Current DrawdownCurrent decline from peak | -6.50% | -9.15% | +2.65% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -13.30% | +4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.97% | 4.82% | +0.15% |
Volatility
ITEC.L vs. FBTU.L - Volatility Comparison
SPDR® MSCI Europe Technology UCITS ETF (ITEC.L) has a higher volatility of 8.83% compared to First Trust NYSE Arca Biotechnology UCITS ETF Class A USD Accumulating (FBTU.L) at 7.04%. This indicates that ITEC.L's price experiences larger fluctuations and is considered to be riskier than FBTU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITEC.L | FBTU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.83% | 7.04% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 17.89% | 14.65% | +3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.73% | 23.47% | +2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.27% | 20.49% | +4.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.77% | 21.13% | +2.64% |