NBTK.DE vs. FWIA.DE
NBTK.DE (Invesco Nasdaq Biotech UCITS ETF) and FWIA.DE (Invesco FTSE All-World UCITS ETF Acc) are both exchange-traded funds - NBTK.DE is a Health & Biotech Equities fund tracking the Nasdaq Biotechnology, while FWIA.DE is a Global Equities fund tracking the FTSE All-World. Both are passively managed. Over the past year, NBTK.DE returned 39.20% vs 26.39% for FWIA.DE. At a 0.50 correlation, their price movements are largely independent. NBTK.DE charges 0.40%/yr vs 0.15%/yr for FWIA.DE.
Performance
NBTK.DE vs. FWIA.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 FWIA.DE's 12.60% 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*
- —
FWIA.DE
- 1D
- -0.22%
- 1M
- 3.67%
- YTD
- 12.60%
- 6M
- 12.82%
- 1Y
- 26.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NBTK.DE vs. FWIA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NBTK.DE Invesco Nasdaq Biotech UCITS ETF | 4.27% | 18.60% | 4.57% | 7.17% |
FWIA.DE Invesco FTSE All-World UCITS ETF Acc | 12.60% | 9.02% | 24.70% | 7.73% |
Correlation
The correlation between NBTK.DE and FWIA.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.50 |
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Return for Risk
NBTK.DE vs. FWIA.DE — Risk / Return Rank
NBTK.DE
FWIA.DE
NBTK.DE vs. FWIA.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 Acc (FWIA.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 | FWIA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.44 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 6.16 | 4.08 | +2.08 |
| Martin ratioReturn relative to average drawdown | 17.06 | 16.52 | +0.54 |
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 | FWIA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 2.36 | -0.33 |
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 | 1.40 | -0.99 |
Drawdowns
NBTK.DE vs. FWIA.DE - Drawdown Comparison
The maximum NBTK.DE drawdown since its inception was -30.99%, which is greater than FWIA.DE's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for NBTK.DE and FWIA.DE.
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Drawdown Indicators
| NBTK.DE | FWIA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.99% | -20.96% | -10.03% |
Max Drawdown (1Y)Largest decline over 1 year | -6.24% | -6.49% | +0.25% |
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% | -0.62% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -10.62% | -2.44% | -8.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 1.60% | +0.66% |
Volatility
NBTK.DE vs. FWIA.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 Acc (FWIA.DE) at 2.96%. This indicates that NBTK.DE's price experiences larger fluctuations and is considered to be riskier than FWIA.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 | FWIA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 2.96% | +3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | 8.09% | +6.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.00% | 11.22% | +7.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.30% | 13.18% | +7.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.05% | 13.18% | +8.87% |
NBTK.DE vs. FWIA.DE - Expense Ratio Comparison
NBTK.DE has a 0.40% expense ratio, which is higher than FWIA.DE's 0.15% expense ratio.
Dividends
NBTK.DE vs. FWIA.DE - Dividend Comparison
Neither NBTK.DE nor FWIA.DE has paid dividends to shareholders.
Frequently Asked Questions
NBTK.DE and FWIA.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWIA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWIA.DE is cheaper with a 0.15% expense ratio, compared with 0.40% for NBTK.DE.
NBTK.DE is categorized as Health & Biotech Equities, while FWIA.DE is Global Equities. NBTK.DE tracks Nasdaq Biotechnology, while FWIA.DE tracks FTSE All-World. Their fees differ too: 0.40% for NBTK.DE and 0.15% for FWIA.DE.
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