BBC vs. IBBQ
Compare and contrast key facts about Virtus LifeSci Biotech Clinical Trials ETF (BBC) and Invesco Nasdaq Biotechnology ETF (IBBQ).
BBC and IBBQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBC is a passively managed fund by Virtus Investment Partners that tracks the performance of the LifeSci Biotechnology Clinical Trials Index. It was launched on Dec 16, 2014. IBBQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ / Biotechnology. It was launched on Jun 11, 2021. Both BBC and IBBQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBC or IBBQ.
Key characteristics
| BBC | IBBQ | |
|---|---|---|
| YTD Return | 19.74% | 8.34% |
| 1Y Return | 59.52% | 25.40% |
| 3Y Return (Ann) | -13.45% | -0.26% |
| Sharpe Ratio | 2.01 | 1.60 |
| Sortino Ratio | 2.63 | 2.30 |
| Omega Ratio | 1.30 | 1.27 |
| Calmar Ratio | 0.98 | 0.92 |
| Martin Ratio | 6.52 | 7.42 |
| Ulcer Index | 10.57% | 3.73% |
| Daily Std Dev | 34.32% | 17.28% |
| Max Drawdown | -72.73% | -37.94% |
| Current Drawdown | -52.54% | -11.83% |
Correlation
The correlation between BBC and IBBQ is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BBC vs. IBBQ - Performance Comparison
In the year-to-date period, BBC achieves a 19.74% return, which is significantly higher than IBBQ's 8.34% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BBC vs. IBBQ - Expense Ratio Comparison
BBC has a 0.79% expense ratio, which is higher than IBBQ's 0.00% expense ratio.
Risk-Adjusted Performance
BBC vs. IBBQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus LifeSci Biotech Clinical Trials ETF (BBC) and Invesco Nasdaq Biotechnology ETF (IBBQ). 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.
Dividends
BBC vs. IBBQ - Dividend Comparison
BBC's dividend yield for the trailing twelve months is around 0.28%, less than IBBQ's 1.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBC Virtus LifeSci Biotech Clinical Trials ETF | 0.28% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.04% | 0.00% | 0.51% |
IBBQ Invesco Nasdaq Biotechnology ETF | 1.01% | 0.81% | 0.76% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BBC vs. IBBQ - Drawdown Comparison
The maximum BBC drawdown since its inception was -72.73%, which is greater than IBBQ's maximum drawdown of -37.94%. Use the drawdown chart below to compare losses from any high point for BBC and IBBQ. For additional features, visit the drawdowns tool.
Volatility
BBC vs. IBBQ - Volatility Comparison
Virtus LifeSci Biotech Clinical Trials ETF (BBC) has a higher volatility of 9.06% compared to Invesco Nasdaq Biotechnology ETF (IBBQ) at 4.86%. This indicates that BBC's price experiences larger fluctuations and is considered to be riskier than IBBQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.