L0CK.DE vs. 2B70.DE
L0CK.DE (iShares Digital Security UCITS ETF USD (Acc)) and 2B70.DE (iShares Nasdaq US Biotechnology UCITS ETF) are both exchange-traded funds - L0CK.DE is a Technology Equities fund tracking the STOXX® Global Digital Security, while 2B70.DE is a Health & Biotech Equities fund tracking the Nasdaq Biotechnology. Both are passively managed. Over the past 5 years, L0CK.DE returned 10.97%/yr vs 5.68%/yr for 2B70.DE. A 0.56 correlation means they provide meaningful diversification when combined. L0CK.DE charges 0.40%/yr vs 0.35%/yr for 2B70.DE.
Performance
L0CK.DE vs. 2B70.DE - Performance Comparison
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Returns By Period
In the year-to-date period, L0CK.DE achieves a 19.85% return, which is significantly higher than 2B70.DE's 4.53% return.
L0CK.DE
- 1D
- -2.66%
- 1M
- 10.58%
- YTD
- 19.85%
- 6M
- 21.05%
- 1Y
- 22.61%
- 3Y*
- 18.48%
- 5Y*
- 10.97%
- 10Y*
- —
2B70.DE
- 1D
- 3.29%
- 1M
- 1.98%
- YTD
- 4.53%
- 6M
- 3.42%
- 1Y
- 39.14%
- 3Y*
- 10.00%
- 5Y*
- 5.68%
- 10Y*
- —
L0CK.DE vs. 2B70.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
L0CK.DE iShares Digital Security UCITS ETF USD (Acc) | 19.85% | -0.03% | 22.76% | 29.81% | -25.34% | 27.06% | 14.71% | 33.01% | -11.70% |
2B70.DE iShares Nasdaq US Biotechnology UCITS ETF | 4.53% | 18.62% | 4.60% | 2.56% | -6.29% | 7.59% | 14.52% | 30.18% | -17.31% |
Correlation
The correlation between L0CK.DE and 2B70.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2018 | 0.56 |
Over the past year, the correlation between L0CK.DE and 2B70.DE has dropped to 0.26 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
L0CK.DE vs. 2B70.DE — Risk / Return Rank
L0CK.DE
2B70.DE
L0CK.DE vs. 2B70.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Digital Security UCITS ETF USD (Acc) (L0CK.DE) and iShares Nasdaq US Biotechnology UCITS ETF (2B70.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.
| L0CK.DE | 2B70.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.34 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 6.15 | -4.35 |
| Martin ratioReturn relative to average drawdown | 4.44 | 17.06 | -12.62 |
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
| L0CK.DE | 2B70.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 2.04 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.28 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.36 | +0.24 |
Drawdowns
L0CK.DE vs. 2B70.DE - Drawdown Comparison
The maximum L0CK.DE drawdown since its inception was -32.50%, which is greater than 2B70.DE's maximum drawdown of -30.87%. Use the drawdown chart below to compare losses from any high point for L0CK.DE and 2B70.DE.
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Drawdown Indicators
| L0CK.DE | 2B70.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.50% | -30.87% | -1.63% |
Max Drawdown (1Y)Largest decline over 1 year | -12.47% | -6.33% | -6.14% |
Max Drawdown (3Y)Largest decline over 3 years | -27.07% | -29.34% | +2.27% |
Max Drawdown (5Y)Largest decline over 5 years | -28.54% | -30.87% | +2.33% |
Current DrawdownCurrent decline from peak | -3.17% | -1.26% | -1.91% |
Average DrawdownAverage peak-to-trough decline | -9.03% | -10.01% | +0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.08% | 2.29% | +2.79% |
Volatility
L0CK.DE vs. 2B70.DE - Volatility Comparison
iShares Digital Security UCITS ETF USD (Acc) (L0CK.DE) has a higher volatility of 8.18% compared to iShares Nasdaq US Biotechnology UCITS ETF (2B70.DE) at 6.65%. This indicates that L0CK.DE's price experiences larger fluctuations and is considered to be riskier than 2B70.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| L0CK.DE | 2B70.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.18% | 6.65% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 16.31% | 14.26% | +2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.67% | 19.09% | +1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.90% | 20.34% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.21% | 21.76% | -1.55% |
L0CK.DE vs. 2B70.DE - Expense Ratio Comparison
L0CK.DE has a 0.40% expense ratio, which is higher than 2B70.DE's 0.35% expense ratio.
Dividends
L0CK.DE vs. 2B70.DE - Dividend Comparison
Neither L0CK.DE nor 2B70.DE has paid dividends to shareholders.
Frequently Asked Questions
L0CK.DE and 2B70.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 2B70.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
2B70.DE is cheaper with a 0.35% expense ratio, compared with 0.40% for L0CK.DE.
L0CK.DE is categorized as Technology Equities, while 2B70.DE is Health & Biotech Equities. L0CK.DE tracks STOXX® Global Digital Security, while 2B70.DE tracks Nasdaq Biotechnology. Their fees differ too: 0.40% for L0CK.DE and 0.35% for 2B70.DE.
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