JEDG.L vs. BTEK.L
JEDG.L (VanEck Space Innovators UCITS ETF) and BTEK.L (iShares Nasdaq US Biotechnology UCITS ETF) are both exchange-traded funds - JEDG.L is a Industrials Equities fund tracking the MSCI World/Materials NR USD, while BTEK.L is a Health & Biotech Equities fund tracking the NASDAQ Biotechnology TR USD. Both are passively managed. Over the past 3 years, JEDG.L returned 65.85%/yr vs 10.19%/yr for BTEK.L. At a 0.37 correlation, their price movements are largely independent. JEDG.L charges 0.55%/yr vs 0.35%/yr for BTEK.L.
Performance
JEDG.L vs. BTEK.L - Performance Comparison
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Returns By Period
In the year-to-date period, JEDG.L achieves a 74.89% return, which is significantly higher than BTEK.L's 4.86% return.
JEDG.L
- 1D
- 1.49%
- 1M
- 23.72%
- YTD
- 74.89%
- 6M
- 96.65%
- 1Y
- 211.91%
- 3Y*
- 65.85%
- 5Y*
- —
- 10Y*
- —
BTEK.L
- 1D
- 3.56%
- 1M
- 2.25%
- YTD
- 4.86%
- 6M
- 2.70%
- 1Y
- 43.15%
- 3Y*
- 10.19%
- 5Y*
- 5.85%
- 10Y*
- —
JEDG.L vs. BTEK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JEDG.L VanEck Space Innovators UCITS ETF | 74.89% | 80.38% | 46.13% | 6.44% | -12.08% |
BTEK.L iShares Nasdaq US Biotechnology UCITS ETF | 4.86% | 23.81% | -0.32% | 0.33% | 11.00% |
Correlation
The correlation between JEDG.L and BTEK.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.37 |
The correlation between JEDG.L and BTEK.L shifts across timeframes, from 0.27 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JEDG.L vs. BTEK.L — Risk / Return Rank
JEDG.L
BTEK.L
JEDG.L vs. BTEK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Space Innovators UCITS ETF (JEDG.L) and iShares Nasdaq US Biotechnology UCITS ETF (BTEK.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.
| JEDG.L | BTEK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.52 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.38 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 9.18 | 6.23 | +2.95 |
| Martin ratioReturn relative to average drawdown | 30.71 | 17.55 | +13.15 |
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
| JEDG.L | BTEK.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.77 | 2.24 | +2.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.36 | 0.31 | +1.05 |
Drawdowns
JEDG.L vs. BTEK.L - Drawdown Comparison
The maximum JEDG.L drawdown since its inception was -26.80%, smaller than the maximum BTEK.L drawdown of -30.86%. Use the drawdown chart below to compare losses from any high point for JEDG.L and BTEK.L.
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Drawdown Indicators
| JEDG.L | BTEK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.80% | -30.86% | +4.06% |
Max Drawdown (1Y)Largest decline over 1 year | -22.94% | -6.89% | -16.05% |
Max Drawdown (3Y)Largest decline over 3 years | -26.80% | -26.34% | -0.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.86% | — |
Current DrawdownCurrent decline from peak | -13.90% | -1.86% | -12.04% |
Average DrawdownAverage peak-to-trough decline | -8.86% | -10.04% | +1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.87% | 2.45% | +4.42% |
Volatility
JEDG.L vs. BTEK.L - Volatility Comparison
VanEck Space Innovators UCITS ETF (JEDG.L) has a higher volatility of 18.94% compared to iShares Nasdaq US Biotechnology UCITS ETF (BTEK.L) at 6.91%. This indicates that JEDG.L's price experiences larger fluctuations and is considered to be riskier than BTEK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEDG.L | BTEK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.94% | 6.91% | +12.03% |
Volatility (6M)Calculated over the trailing 6-month period | 34.54% | 14.67% | +19.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.16% | 19.14% | +25.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.12% | 20.08% | +13.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.12% | 21.71% | +11.41% |
JEDG.L vs. BTEK.L - Expense Ratio Comparison
JEDG.L has a 0.55% expense ratio, which is higher than BTEK.L's 0.35% expense ratio.
Dividends
JEDG.L vs. BTEK.L - Dividend Comparison
Neither JEDG.L nor BTEK.L has paid dividends to shareholders.
Frequently Asked Questions
JEDG.L and BTEK.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BTEK.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BTEK.L is cheaper with a 0.35% expense ratio, compared with 0.55% for JEDG.L.
JEDG.L is categorized as Industrials Equities, while BTEK.L is Health & Biotech Equities. JEDG.L tracks MSCI World/Materials NR USD, while BTEK.L tracks NASDAQ Biotechnology TR USD. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.55% for JEDG.L and 0.35% for BTEK.L.
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