NBTK.DE vs. IBBQ
NBTK.DE (Invesco Nasdaq Biotech UCITS ETF) and IBBQ (Invesco Nasdaq Biotechnology ETF) are both Health & Biotech Equities funds from Invesco - NBTK.DE tracks the Nasdaq Biotechnology while IBBQ tracks the NASDAQ / Biotechnology. Both are passively managed. Over the past 3 years, NBTK.DE returned 9.94%/yr vs 10.37%/yr for IBBQ. A 0.67 correlation means they provide meaningful diversification when combined. NBTK.DE charges 0.40%/yr vs 0.00%/yr for IBBQ.
Performance
NBTK.DE vs. IBBQ - Performance Comparison
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Different Trading Currencies
NBTK.DE is traded in EUR, while IBBQ is traded in USD. To make them comparable, the IBBQ values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, NBTK.DE achieves a 4.27% return, which is significantly lower than IBBQ's 5.48% return.
NBTK.DE
- 1D
- 2.92%
- 1M
- 1.60%
- YTD
- 4.27%
- 6M
- 3.10%
- 1Y
- 38.65%
- 3Y*
- 9.94%
- 5Y*
- 5.63%
- 10Y*
- —
IBBQ
- 1D
- 2.19%
- 1M
- 1.17%
- YTD
- 5.48%
- 6M
- 3.63%
- 1Y
- 40.44%
- 3Y*
- 10.37%
- 5Y*
- —
- 10Y*
- —
NBTK.DE vs. IBBQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NBTK.DE Invesco Nasdaq Biotech UCITS ETF | 4.27% | 18.60% | 4.57% | 2.51% | -6.11% | -0.04% |
IBBQ Invesco Nasdaq Biotechnology ETF | 5.48% | 17.50% | 5.93% | 1.59% | -4.85% | -0.65% |
Correlation
The correlation between NBTK.DE and IBBQ is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2021 | 0.67 |
The correlation between NBTK.DE and IBBQ has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.
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Return for Risk
NBTK.DE vs. IBBQ — Risk / Return Rank
NBTK.DE
IBBQ
NBTK.DE vs. IBBQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Biotech UCITS ETF (NBTK.DE) and Invesco Nasdaq Biotechnology ETF (IBBQ). 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 | IBBQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 6.16 | 6.22 | -0.06 |
| Martin ratioReturn relative to average drawdown | 17.06 | 17.22 | -0.16 |
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 | IBBQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 2.14 | -0.12 |
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 | 0.22 | +0.19 |
Drawdowns
NBTK.DE vs. IBBQ - Drawdown Comparison
The maximum NBTK.DE drawdown since its inception was -30.99%, roughly equal to the maximum IBBQ drawdown of -30.97%. Use the drawdown chart below to compare losses from any high point for NBTK.DE and IBBQ.
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Drawdown Indicators
| NBTK.DE | IBBQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.99% | -30.97% | -0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -6.24% | -6.54% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -29.35% | -26.05% | -3.30% |
Max Drawdown (5Y)Largest decline over 5 years | -30.99% | — | — |
Current DrawdownCurrent decline from peak | -1.44% | -1.70% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -10.62% | -11.67% | +1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 2.36% | -0.10% |
Volatility
NBTK.DE vs. IBBQ - Volatility Comparison
The current volatility for Invesco Nasdaq Biotech UCITS ETF (NBTK.DE) is 6.41%, while Invesco Nasdaq Biotechnology ETF (IBBQ) has a volatility of 6.99%. This indicates that NBTK.DE experiences smaller price fluctuations and is considered to be less risky than IBBQ 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 | IBBQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 6.99% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | 14.48% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.00% | 18.95% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.30% | 21.38% | -1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.05% | 21.38% | +0.67% |
NBTK.DE vs. IBBQ - Expense Ratio Comparison
NBTK.DE has a 0.40% expense ratio, which is higher than IBBQ's 0.00% expense ratio.
Dividends
NBTK.DE vs. IBBQ - Dividend Comparison
NBTK.DE has not paid dividends to shareholders, while IBBQ's dividend yield for the trailing twelve months is around 0.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IBBQ Invesco Nasdaq Biotechnology ETF | 0.85% | 0.90% | 1.14% | 0.81% | 0.76% | 0.63% |
NBTK.DE Invesco Nasdaq Biotech UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NBTK.DE and IBBQ have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBBQ is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBBQ is cheaper with a 0.00% expense ratio, compared with 0.40% for NBTK.DE.
NBTK.DE tracks Nasdaq Biotechnology, while IBBQ tracks NASDAQ / Biotechnology. Their fees differ too: 0.40% for NBTK.DE and 0.00% for IBBQ.
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