BBC vs. BBP

Last updated Jun 23, 2026

BBC (Virtus LifeSci Biotech Clinical Trials ETF) and BBP (Virtus LifeSci Biotech Products ETF) are both Health & Biotech Equities funds from Virtus Investment Partners - BBC tracks the LifeSci Biotechnology Clinical Trials Index while BBP tracks the LifeSci Biotechnology Products Index. Both are passively managed. Over the past 10 years, BBC returned 10.98%/yr vs 13.55%/yr for BBP. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.79% expense ratio.

Performance

BBC vs. BBP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus LifeSci Biotech Clinical Trials ETF (BBC) and Virtus LifeSci Biotech Products ETF (BBP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBC achieves a 23.79% return, which is significantly higher than BBP's 14.66% return. Over the past 10 years, BBC has underperformed BBP with an annualized return of 10.98%, while BBP has yielded a comparatively higher 13.55% annualized return.

BBC

• 1D: 4.97%
• 1M: 11.76%
• YTD: 23.79%
• 6M: 18.79%
• 1Y: 151.23%
• 3Y*: 26.34%
• 5Y*: -0.15%
• 10Y*: 10.98%

BBP

• 1D: 1.80%
• 1M: 6.41%
• YTD: 14.66%
• 6M: 12.08%
• 1Y: 57.44%
• 3Y*: 19.92%
• 5Y*: 11.32%
• 10Y*: 13.55%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBC vs. BBP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBC Virtus LifeSci Biotech Clinical Trials ETF	23.79%	63.77%	-1.11%	-1.80%	-35.13%	-22.31%	30.32%	63.81%	-18.29%	57.85%
BBP Virtus LifeSci Biotech Products ETF	14.66%	33.15%	3.32%	17.88%	0.85%	-8.17%	22.24%	24.73%	-13.95%	24.07%

Correlation

The correlation between BBC and BBP is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Dec 17, 2014	0.86

The correlation between BBC and BBP has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.

BBC vs. BBP - Sectors Allocation Comparison

Sectors	BBC	BBP
Healthcare	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

BBC vs. BBP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBC

BBC Risk / Return Rank: 94
BBC Sharpe Ratio Rank: 97
BBC Sortino Ratio Rank: 94
BBC Omega Ratio Rank: 90
BBC Calmar Ratio Rank: 97
BBC Martin Ratio Rank: 95

BBP

BBP Risk / Return Rank: 81
BBP Sharpe Ratio Rank: 79
BBP Sortino Ratio Rank: 78
BBP Omega Ratio Rank: 67
BBP Calmar Ratio Rank: 93
BBP Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBC vs. BBP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus LifeSci Biotech Clinical Trials ETF (BBC) and Virtus LifeSci Biotech Products ETF (BBP). 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.

	BBC	BBP	Difference
Sharpe ratio: Return per unit of total volatility	4.20	2.41	+1.79
Sortino ratio: Return per unit of downside risk	4.59	3.31	+1.28
Omega ratio: Gain probability vs. loss probability	1.55	1.39	+0.16
Calmar ratio: Return relative to maximum drawdown	10.08	6.22	+3.86
Martin ratio: Return relative to average drawdown	29.53	19.33	+10.20

BBC vs. BBP - Sharpe Ratio Comparison

The current BBC Sharpe Ratio is 4.20, which is higher than the BBP Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of BBC and BBP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BBC vs. BBP - Drawdown Comparison

The maximum BBC drawdown since its inception was -76.85%, which is greater than BBP's maximum drawdown of -44.32%. Use the drawdown chart below to compare losses from any high point for BBC and BBP.

Drawdown Indicators

	BBC	BBP	Difference
Max Drawdown Largest peak-to-trough decline	-76.85%	-44.32%	-32.53%
Max Drawdown (1Y) Largest decline over 1 year	-15.10%	-9.28%	-5.82%
Max Drawdown (3Y) Largest decline over 3 years	-54.45%	-26.09%	-28.36%
Max Drawdown (5Y) Largest decline over 5 years	-71.97%	-37.89%	-34.08%
Max Drawdown (10Y) Largest decline over 10 years	-76.85%	-44.32%	-32.53%
Current Drawdown Current decline from peak	-20.54%	0.00%	-20.54%
Average Drawdown Average peak-to-trough decline	-37.09%	-11.98%	-25.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.14%	2.98%	+2.16%

Volatility

BBC vs. BBP - Volatility Comparison

Virtus LifeSci Biotech Clinical Trials ETF (BBC) has a higher volatility of 12.13% compared to Virtus LifeSci Biotech Products ETF (BBP) at 6.39%. This indicates that BBC's price experiences larger fluctuations and is considered to be riskier than BBP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBC	BBP	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.13%	6.39%	+5.74%
Volatility (6M) Calculated over the trailing 6-month period	26.75%	18.86%	+7.89%
Volatility (1Y) Calculated over the trailing 1-year period	36.33%	23.98%	+12.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.51%	26.36%	+13.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.79%	27.42%	+10.37%

BBC vs. BBP - Expense Ratio Comparison

Both BBC and BBP have an expense ratio of 0.79%.

Dividends

BBC vs. BBP - Dividend Comparison

BBC's dividend yield for the trailing twelve months is around 1.37%, while BBP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBC Virtus LifeSci Biotech Clinical Trials ETF	1.37%	1.70%	1.00%	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%	2.09%	0.00%	0.51%
BBP Virtus LifeSci Biotech Products ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.18%	0.00%	1.29%

Frequently Asked Questions

Can I hold both BBC and BBP in my portfolio?

BBC and BBP have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBC or BBP?

BBC has higher volatility (12.13%) compared to BBP (6.39%). In terms of maximum drawdown, BBC dropped -76.85% vs BBP's -44.32%.

Which ETF is better, BBC or BBP?

On 10-year performance, BBP leads with 13.55% vs 10.98% for BBC. Both ETFs have the same 0.79% expense ratio. On volatility, BBP has been the lower-risk option at 6.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBC or BBP?

Over the 10-year period, BBP has performed better with a 13.55% return vs 10.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBC or BBP?

BBC and BBP have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, BBC or BBP?

BBC has the higher dividend yield at 1.37%, compared with 0.00% for BBP.

What is the main difference between BBC and BBP?

BBC tracks LifeSci Biotechnology Clinical Trials Index, while BBP tracks LifeSci Biotechnology Products Index.

Which has better risk-adjusted returns?

BBC currently has the higher Sharpe Ratio (4.20 vs 2.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.