NBTK.DE vs. CBUF.DE
NBTK.DE (Invesco Nasdaq Biotech UCITS ETF) and CBUF.DE (iShares MSCI World Health Care Sector ESG UCITS ETF USD Dist) are both Health & Biotech Equities funds - NBTK.DE tracks the Nasdaq Biotechnology while CBUF.DE tracks the MSCI World Health Care ESG Reduced Carbon Select 20 35 Capped. Both are passively managed. Over the past 5 years, NBTK.DE returned 5.63%/yr vs 4.66%/yr for CBUF.DE. A 0.70 correlation means they provide meaningful diversification when combined. NBTK.DE charges 0.40%/yr vs 0.18%/yr for CBUF.DE.
Performance
NBTK.DE vs. CBUF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, NBTK.DE achieves a 4.27% return, which is significantly higher than CBUF.DE's -2.22% return.
NBTK.DE
- 1D
- 2.92%
- 1M
- 0.38%
- YTD
- 4.27%
- 6M
- 3.76%
- 1Y
- 39.20%
- 3Y*
- 9.94%
- 5Y*
- 5.63%
- 10Y*
- —
CBUF.DE
- 1D
- 2.74%
- 1M
- 3.65%
- YTD
- -2.22%
- 6M
- -1.56%
- 1Y
- 7.33%
- 3Y*
- 0.62%
- 5Y*
- 4.66%
- 10Y*
- —
NBTK.DE vs. CBUF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NBTK.DE Invesco Nasdaq Biotech UCITS ETF | 4.27% | 18.60% | 4.57% | 2.51% | -6.11% | 7.46% | 14.59% | 14.46% |
CBUF.DE iShares MSCI World Health Care Sector ESG UCITS ETF USD Dist | -2.22% | 2.56% | 0.75% | 0.33% | 2.09% | 30.42% | 2.79% | 11.42% |
Correlation
The correlation between NBTK.DE and CBUF.DE is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2019 | 0.70 |
The correlation between NBTK.DE and CBUF.DE has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.
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Return for Risk
NBTK.DE vs. CBUF.DE — Risk / Return Rank
NBTK.DE
CBUF.DE
NBTK.DE vs. CBUF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Biotech UCITS ETF (NBTK.DE) and iShares MSCI World Health Care Sector ESG UCITS ETF USD Dist (CBUF.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.
| NBTK.DE | CBUF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.10 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 6.16 | 0.68 | +5.48 |
| Martin ratioReturn relative to average drawdown | 17.06 | 1.56 | +15.50 |
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
| NBTK.DE | CBUF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 0.53 | +1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.34 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.44 | -0.02 |
Drawdowns
NBTK.DE vs. CBUF.DE - Drawdown Comparison
The maximum NBTK.DE drawdown since its inception was -30.99%, which is greater than CBUF.DE's maximum drawdown of -25.94%. Use the drawdown chart below to compare losses from any high point for NBTK.DE and CBUF.DE.
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Drawdown Indicators
| NBTK.DE | CBUF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.99% | -25.94% | -5.05% |
Max Drawdown (1Y)Largest decline over 1 year | -6.24% | -10.87% | +4.63% |
Max Drawdown (3Y)Largest decline over 3 years | -29.35% | -21.76% | -7.59% |
Max Drawdown (5Y)Largest decline over 5 years | -30.99% | -21.76% | -9.23% |
Current DrawdownCurrent decline from peak | -1.44% | -9.66% | +8.22% |
Average DrawdownAverage peak-to-trough decline | -10.62% | -5.65% | -4.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 4.74% | -2.48% |
Volatility
NBTK.DE vs. CBUF.DE - Volatility Comparison
Invesco Nasdaq Biotech UCITS ETF (NBTK.DE) has a higher volatility of 6.41% compared to iShares MSCI World Health Care Sector ESG UCITS ETF USD Dist (CBUF.DE) at 4.98%. This indicates that NBTK.DE's price experiences larger fluctuations and is considered to be riskier than CBUF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NBTK.DE | CBUF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 4.98% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | 9.70% | +4.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.00% | 13.98% | +5.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.30% | 13.60% | +6.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.05% | 15.36% | +6.69% |
NBTK.DE vs. CBUF.DE - Expense Ratio Comparison
NBTK.DE has a 0.40% expense ratio, which is higher than CBUF.DE's 0.18% expense ratio.
Dividends
NBTK.DE vs. CBUF.DE - Dividend Comparison
NBTK.DE has not paid dividends to shareholders, while CBUF.DE's dividend yield for the trailing twelve months is around 1.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CBUF.DE iShares MSCI World Health Care Sector ESG UCITS ETF USD Dist | 1.08% | 1.06% | 1.02% | 1.16% | 1.09% | 1.05% | 1.27% | 0.10% |
NBTK.DE Invesco Nasdaq Biotech UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NBTK.DE and CBUF.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUF.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUF.DE is cheaper with a 0.18% expense ratio, compared with 0.40% for NBTK.DE.
NBTK.DE tracks Nasdaq Biotechnology, while CBUF.DE tracks MSCI World Health Care ESG Reduced Carbon Select 20 35 Capped. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.40% for NBTK.DE and 0.18% for CBUF.DE.
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