NBTK.DE vs. IQSA.DE
NBTK.DE (Invesco Nasdaq Biotech UCITS ETF) and IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both exchange-traded funds - NBTK.DE is a Health & Biotech Equities fund tracking the Nasdaq Biotechnology, while IQSA.DE is a Global Equities fund actively managed by Invesco. NBTK.DE is passively managed, while IQSA.DE is actively managed. Over the past 5 years, NBTK.DE returned 5.63%/yr vs 15.45%/yr for IQSA.DE. A 0.56 correlation means they provide meaningful diversification when combined. NBTK.DE charges 0.40%/yr vs 0.30%/yr for IQSA.DE.
Performance
NBTK.DE vs. IQSA.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 IQSA.DE's 14.81% 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*
- —
IQSA.DE
- 1D
- -0.11%
- 1M
- 4.49%
- YTD
- 14.81%
- 6M
- 16.12%
- 1Y
- 28.39%
- 3Y*
- 22.03%
- 5Y*
- 15.45%
- 10Y*
- —
NBTK.DE vs. IQSA.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% | 17.24% |
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 14.81% | 9.64% | 29.92% | 20.24% | -9.32% | 35.68% | 0.13% | 6.98% |
Correlation
The correlation between NBTK.DE and IQSA.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2019 | 0.56 |
The correlation between NBTK.DE and IQSA.DE has been stable across timeframes, ranging from 0.46 to 0.56 - a consistent structural relationship.
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Return for Risk
NBTK.DE vs. IQSA.DE — Risk / Return Rank
NBTK.DE
IQSA.DE
NBTK.DE vs. IQSA.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 Global Active ESG Equity UCITS ETF USD Acc (IQSA.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 | IQSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.43 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 6.16 | 4.60 | +1.56 |
| Martin ratioReturn relative to average drawdown | 17.06 | 18.23 | -1.18 |
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 | IQSA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 2.34 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 1.04 | -0.76 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.94 | -0.53 |
Drawdowns
NBTK.DE vs. IQSA.DE - Drawdown Comparison
The maximum NBTK.DE drawdown since its inception was -30.99%, smaller than the maximum IQSA.DE drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for NBTK.DE and IQSA.DE.
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Drawdown Indicators
| NBTK.DE | IQSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.99% | -34.11% | +3.12% |
Max Drawdown (1Y)Largest decline over 1 year | -6.24% | -6.20% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -29.35% | -21.35% | -8.00% |
Max Drawdown (5Y)Largest decline over 5 years | -30.99% | -21.35% | -9.64% |
Current DrawdownCurrent decline from peak | -1.44% | -0.33% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -10.62% | -4.38% | -6.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 1.57% | +0.69% |
Volatility
NBTK.DE vs. IQSA.DE - Volatility Comparison
Invesco Nasdaq Biotech UCITS ETF (NBTK.DE) has a higher volatility of 6.41% compared to Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) at 3.32%. This indicates that NBTK.DE's price experiences larger fluctuations and is considered to be riskier than IQSA.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 | IQSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 3.32% | +3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | 8.85% | +5.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.00% | 12.17% | +6.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.30% | 14.71% | +5.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.05% | 16.74% | +5.31% |
NBTK.DE vs. IQSA.DE - Expense Ratio Comparison
NBTK.DE has a 0.40% expense ratio, which is higher than IQSA.DE's 0.30% expense ratio.
Dividends
NBTK.DE vs. IQSA.DE - Dividend Comparison
Neither NBTK.DE nor IQSA.DE has paid dividends to shareholders.
Frequently Asked Questions
NBTK.DE and IQSA.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQSA.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQSA.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for NBTK.DE.
NBTK.DE is categorized as Health & Biotech Equities, while IQSA.DE is Global Equities. Their fees differ too: 0.40% for NBTK.DE and 0.30% for IQSA.DE.
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