NBTK.DE vs. WDTE.DE
NBTK.DE (Invesco Nasdaq Biotech UCITS ETF) and WDTE.DE (Invesco S&P World Information Technology ESG UCITS ETF Acc) are both exchange-traded funds - NBTK.DE is a Health & Biotech Equities fund tracking the Nasdaq Biotechnology, while WDTE.DE is a Technology Equities fund tracking the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. Both are passively managed. Over the past 3 years, NBTK.DE returned 9.94%/yr vs 25.83%/yr for WDTE.DE. At a 0.30 correlation, their price movements are largely independent. NBTK.DE charges 0.40%/yr vs 0.18%/yr for WDTE.DE.
Performance
NBTK.DE vs. WDTE.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 WDTE.DE's 18.32% 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*
- —
WDTE.DE
- 1D
- -2.54%
- 1M
- 10.74%
- YTD
- 18.32%
- 6M
- 17.59%
- 1Y
- 35.87%
- 3Y*
- 25.83%
- 5Y*
- —
- 10Y*
- —
NBTK.DE vs. WDTE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NBTK.DE Invesco Nasdaq Biotech UCITS ETF | 4.27% | 18.60% | 4.57% | 2.68% |
WDTE.DE Invesco S&P World Information Technology ESG UCITS ETF Acc | 18.32% | 6.19% | 42.11% | 32.17% |
Correlation
The correlation between NBTK.DE and WDTE.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.30 |
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Return for Risk
NBTK.DE vs. WDTE.DE — Risk / Return Rank
NBTK.DE
WDTE.DE
NBTK.DE vs. WDTE.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 S&P World Information Technology ESG UCITS ETF Acc (WDTE.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 | WDTE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.32 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 6.16 | 2.33 | +3.84 |
| Martin ratioReturn relative to average drawdown | 17.06 | 6.14 | +10.92 |
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 | WDTE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 1.88 | +0.14 |
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 | 1.44 | -1.02 |
Drawdowns
NBTK.DE vs. WDTE.DE - Drawdown Comparison
The maximum NBTK.DE drawdown since its inception was -30.99%, which is greater than WDTE.DE's maximum drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for NBTK.DE and WDTE.DE.
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Drawdown Indicators
| NBTK.DE | WDTE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.99% | -28.19% | -2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -6.24% | -15.79% | +9.55% |
Max Drawdown (3Y)Largest decline over 3 years | -29.35% | -28.19% | -1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -30.99% | — | — |
Current DrawdownCurrent decline from peak | -1.44% | -3.63% | +2.19% |
Average DrawdownAverage peak-to-trough decline | -10.62% | -4.97% | -5.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 5.99% | -3.73% |
Volatility
NBTK.DE vs. WDTE.DE - Volatility Comparison
The current volatility for Invesco Nasdaq Biotech UCITS ETF (NBTK.DE) is 6.41%, while Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE) has a volatility of 8.26%. This indicates that NBTK.DE experiences smaller price fluctuations and is considered to be less risky than WDTE.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 | WDTE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 8.26% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | 15.09% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.00% | 19.51% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.30% | 21.74% | -1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.05% | 21.74% | +0.31% |
NBTK.DE vs. WDTE.DE - Expense Ratio Comparison
NBTK.DE has a 0.40% expense ratio, which is higher than WDTE.DE's 0.18% expense ratio.
Dividends
NBTK.DE vs. WDTE.DE - Dividend Comparison
Neither NBTK.DE nor WDTE.DE has paid dividends to shareholders.
Frequently Asked Questions
NBTK.DE and WDTE.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDTE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDTE.DE is cheaper with a 0.18% expense ratio, compared with 0.40% for NBTK.DE.
NBTK.DE is categorized as Health & Biotech Equities, while WDTE.DE is Technology Equities. NBTK.DE tracks Nasdaq Biotechnology, while WDTE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. Their fees differ too: 0.40% for NBTK.DE and 0.18% for WDTE.DE.
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