SC0T.DE vs. NBTK.DE
SC0T.DE (Invesco European Health Care Sector UCITS ETF) and NBTK.DE (Invesco Nasdaq Biotech UCITS ETF) are both Health & Biotech Equities funds from Invesco - SC0T.DE tracks the STOXX® Europe 600 Optimised Health Care while NBTK.DE tracks the Nasdaq Biotechnology. Both are passively managed. Over the past 5 years, SC0T.DE returned 4.81%/yr vs 5.63%/yr for NBTK.DE. A 0.58 correlation means they provide meaningful diversification when combined. SC0T.DE charges 0.20%/yr vs 0.40%/yr for NBTK.DE.
Performance
SC0T.DE vs. NBTK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC0T.DE achieves a -3.57% return, which is significantly lower than NBTK.DE's 4.27% return.
SC0T.DE
- 1D
- 2.93%
- 1M
- 1.37%
- YTD
- -3.57%
- 6M
- -2.27%
- 1Y
- 3.14%
- 3Y*
- 2.80%
- 5Y*
- 4.81%
- 10Y*
- 5.80%
NBTK.DE
- 1D
- 2.92%
- 1M
- 1.60%
- YTD
- 4.27%
- 6M
- 3.10%
- 1Y
- 38.65%
- 3Y*
- 9.94%
- 5Y*
- 5.63%
- 10Y*
- —
SC0T.DE vs. NBTK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SC0T.DE Invesco European Health Care Sector UCITS ETF | -3.57% | 8.45% | 6.96% | 5.35% | -7.56% | 25.20% | -1.18% | 10.08% |
NBTK.DE Invesco Nasdaq Biotech UCITS ETF | 4.27% | 18.60% | 4.57% | 2.51% | -6.11% | 7.46% | 14.59% | 17.24% |
Correlation
The correlation between SC0T.DE and NBTK.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2019 | 0.58 |
The correlation between SC0T.DE and NBTK.DE has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.
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Return for Risk
SC0T.DE vs. NBTK.DE — Risk / Return Rank
SC0T.DE
NBTK.DE
SC0T.DE vs. NBTK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco European Health Care Sector UCITS ETF (SC0T.DE) and Invesco Nasdaq Biotech UCITS ETF (NBTK.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.
| SC0T.DE | NBTK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.46 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.34 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.24 | 6.16 | -5.92 |
| Martin ratioReturn relative to average drawdown | 0.56 | 17.06 | -16.50 |
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
| SC0T.DE | NBTK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | 2.03 | -1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.27 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.42 | +0.21 |
Drawdowns
SC0T.DE vs. NBTK.DE - Drawdown Comparison
The maximum SC0T.DE drawdown since its inception was -26.52%, smaller than the maximum NBTK.DE drawdown of -30.99%. Use the drawdown chart below to compare losses from any high point for SC0T.DE and NBTK.DE.
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Drawdown Indicators
| SC0T.DE | NBTK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.52% | -30.99% | +4.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.87% | -6.24% | -6.63% |
Max Drawdown (3Y)Largest decline over 3 years | -21.67% | -29.35% | +7.68% |
Max Drawdown (5Y)Largest decline over 5 years | -21.67% | -30.99% | +9.32% |
Max Drawdown (10Y)Largest decline over 10 years | -26.52% | — | — |
Current DrawdownCurrent decline from peak | -9.59% | -1.44% | -8.15% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -10.62% | +4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.58% | 2.26% | +3.32% |
Volatility
SC0T.DE vs. NBTK.DE - Volatility Comparison
The current volatility for Invesco European Health Care Sector UCITS ETF (SC0T.DE) is 5.31%, while Invesco Nasdaq Biotech UCITS ETF (NBTK.DE) has a volatility of 6.41%. This indicates that SC0T.DE experiences smaller price fluctuations and is considered to be less risky than NBTK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC0T.DE | NBTK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 6.41% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 11.43% | 14.11% | -2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 19.00% | -3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 20.30% | -5.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.39% | 22.05% | -6.66% |
SC0T.DE vs. NBTK.DE - Expense Ratio Comparison
SC0T.DE has a 0.20% expense ratio, which is lower than NBTK.DE's 0.40% expense ratio.
Dividends
SC0T.DE vs. NBTK.DE - Dividend Comparison
Neither SC0T.DE nor NBTK.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0T.DE and NBTK.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0T.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0T.DE is cheaper with a 0.20% expense ratio, compared with 0.40% for NBTK.DE.
SC0T.DE tracks STOXX® Europe 600 Optimised Health Care, while NBTK.DE tracks Nasdaq Biotechnology. Their fees differ too: 0.20% for SC0T.DE and 0.40% for NBTK.DE.
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