NBTK.DE vs. FWEA.DE
NBTK.DE (Invesco Nasdaq Biotech UCITS ETF) and FWEA.DE (Invesco FTSE All-World UCITS ETF) are both exchange-traded funds - NBTK.DE is a Health & Biotech Equities fund tracking the Nasdaq Biotechnology, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, NBTK.DE returned 39.20% vs 25.98% for FWEA.DE. At a 0.46 correlation, their price movements are largely independent. NBTK.DE charges 0.40%/yr vs 0.20%/yr for FWEA.DE.
Performance
NBTK.DE vs. FWEA.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 lower than FWEA.DE's 10.64% 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*
- —
FWEA.DE
- 1D
- -0.24%
- 1M
- 2.84%
- YTD
- 10.64%
- 6M
- 11.58%
- 1Y
- 25.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NBTK.DE vs. FWEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NBTK.DE Invesco Nasdaq Biotech UCITS ETF | 4.27% | 18.60% | 4.57% | 6.50% |
FWEA.DE Invesco FTSE All-World UCITS ETF | 10.64% | 17.53% | 19.21% | 8.62% |
Correlation
The correlation between NBTK.DE and FWEA.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.46 |
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Return for Risk
NBTK.DE vs. FWEA.DE — Risk / Return Rank
NBTK.DE
FWEA.DE
NBTK.DE vs. FWEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Biotech UCITS ETF (NBTK.DE) and Invesco FTSE All-World UCITS ETF (FWEA.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 | FWEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.43 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 6.16 | 3.18 | +2.99 |
| Martin ratioReturn relative to average drawdown | 17.06 | 13.52 | +3.54 |
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 | FWEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 2.30 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 1.51 | -1.10 |
Drawdowns
NBTK.DE vs. FWEA.DE - Drawdown Comparison
The maximum NBTK.DE drawdown since its inception was -30.99%, which is greater than FWEA.DE's maximum drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for NBTK.DE and FWEA.DE.
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Drawdown Indicators
| NBTK.DE | FWEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.99% | -17.48% | -13.51% |
Max Drawdown (1Y)Largest decline over 1 year | -6.24% | -8.28% | +2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -29.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.99% | — | — |
Current DrawdownCurrent decline from peak | -1.44% | -0.81% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -10.62% | -1.86% | -8.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 1.95% | +0.31% |
Volatility
NBTK.DE vs. FWEA.DE - Volatility Comparison
Invesco Nasdaq Biotech UCITS ETF (NBTK.DE) has a higher volatility of 6.41% compared to Invesco FTSE All-World UCITS ETF (FWEA.DE) at 3.36%. This indicates that NBTK.DE's price experiences larger fluctuations and is considered to be riskier than FWEA.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 | FWEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 3.36% | +3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | 8.93% | +5.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.00% | 11.45% | +7.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.30% | 12.72% | +7.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.05% | 12.72% | +9.33% |
NBTK.DE vs. FWEA.DE - Expense Ratio Comparison
NBTK.DE has a 0.40% expense ratio, which is higher than FWEA.DE's 0.20% expense ratio.
Dividends
NBTK.DE vs. FWEA.DE - Dividend Comparison
Neither NBTK.DE nor FWEA.DE has paid dividends to shareholders.
Frequently Asked Questions
NBTK.DE and FWEA.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWEA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWEA.DE is cheaper with a 0.20% expense ratio, compared with 0.40% for NBTK.DE.
NBTK.DE is categorized as Health & Biotech Equities, while FWEA.DE is Global Equities. NBTK.DE tracks Nasdaq Biotechnology, while FWEA.DE tracks FTSE All-World Index. Their fees differ too: 0.40% for NBTK.DE and 0.20% for FWEA.DE.
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