XMLH.DE vs. NBTK.DE
XMLH.DE (L&G Healthcare Technology & Innovation UCITS ETF USD Acc) and NBTK.DE (Invesco Nasdaq Biotech UCITS ETF) are both Health & Biotech Equities funds - XMLH.DE tracks the ROBO Global Healthcare Technology and Innovation Index while NBTK.DE tracks the Nasdaq Biotechnology. Both are passively managed. Over the past 5 years, XMLH.DE returned -2.65%/yr vs 6.36%/yr for NBTK.DE. A 0.74 correlation means they provide meaningful diversification when combined. XMLH.DE charges 0.49%/yr vs 0.40%/yr for NBTK.DE.
Performance
XMLH.DE vs. NBTK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XMLH.DE achieves a 8.53% return, which is significantly lower than NBTK.DE's 15.92% return.
XMLH.DE
- 1D
- -0.63%
- 1M
- 9.04%
- 6M
- 3.67%
- YTD
- 8.53%
- 1Y
- 37.82%
- 3Y*
- 7.32%
- 5Y*
- -2.65%
- 10Y*
- —
NBTK.DE
- 1D
- 0.00%
- 1M
- 10.28%
- 6M
- 14.24%
- YTD
- 15.92%
- 1Y
- 50.71%
- 3Y*
- 16.50%
- 5Y*
- 6.36%
- 10Y*
- —
XMLH.DE vs. NBTK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XMLH.DE L&G Healthcare Technology & Innovation UCITS ETF USD Acc | 8.53% | 11.69% | 8.01% | -4.50% | -29.19% | 7.76% | 49.95% | 11.10% |
NBTK.DE Invesco Nasdaq Biotech UCITS ETF | 15.92% | 18.60% | 4.57% | 2.51% | -6.11% | 7.46% | 14.59% | 16.36% |
Correlation
The correlation between XMLH.DE and NBTK.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2019 | 0.74 |
The correlation between XMLH.DE and NBTK.DE has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.
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Return for Risk
XMLH.DE vs. NBTK.DE — Risk / Return Rank
XMLH.DE
NBTK.DE
XMLH.DE vs. NBTK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Healthcare Technology & Innovation UCITS ETF USD Acc (XMLH.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XMLH.DE | NBTK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.42 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 8.16 | -5.52 |
| Martin ratioReturn relative to average drawdown | 5.92 | 23.56 | -17.64 |
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Drawdowns
XMLH.DE vs. NBTK.DE - Drawdown Comparison
The maximum XMLH.DE drawdown since its inception was -51.48%, which is greater than NBTK.DE's maximum drawdown of -30.99%. Use the drawdown chart below to compare losses from any high point for XMLH.DE and NBTK.DE.
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Drawdown Indicators
| XMLH.DE | NBTK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.48% | -30.99% | -20.49% |
Max Drawdown (1Y)Largest decline over 1 year | -15.46% | -6.24% | -9.22% |
Max Drawdown (3Y)Largest decline over 3 years | -28.40% | -29.35% | +0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -50.58% | -30.99% | -19.59% |
Current DrawdownCurrent decline from peak | -21.16% | -4.87% | -16.29% |
Average DrawdownAverage peak-to-trough decline | -25.17% | -10.47% | -14.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.91% | 2.16% | +4.75% |
Volatility
XMLH.DE vs. NBTK.DE - Volatility Comparison
L&G Healthcare Technology & Innovation UCITS ETF USD Acc (XMLH.DE) has a higher volatility of 6.98% compared to Invesco Nasdaq Biotech UCITS ETF (NBTK.DE) at 5.88%. This indicates that XMLH.DE's price experiences larger fluctuations and is considered to be riskier 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
| XMLH.DE | NBTK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.98% | 5.88% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 16.00% | 13.89% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.03% | 19.50% | +1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.53% | 20.35% | +2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.79% | 22.03% | +1.76% |
XMLH.DE vs. NBTK.DE - Expense Ratio Comparison
XMLH.DE has a 0.49% expense ratio, which is higher than NBTK.DE's 0.40% expense ratio.
Dividends
XMLH.DE vs. NBTK.DE - Dividend Comparison
Neither XMLH.DE nor NBTK.DE has paid dividends to shareholders.
Frequently Asked Questions
XMLH.DE and NBTK.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NBTK.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NBTK.DE is cheaper with a 0.40% expense ratio, compared with 0.49% for XMLH.DE.
XMLH.DE tracks ROBO Global Healthcare Technology and Innovation Index, while NBTK.DE tracks Nasdaq Biotechnology. They also come from different issuers: L&G and Invesco. Their fees differ too: 0.49% for XMLH.DE and 0.40% for NBTK.DE.
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