BTEC vs. IBBQ
Compare and contrast key facts about Principal Healthcare Innovators Index ETF (BTEC) and Invesco Nasdaq Biotechnology ETF (IBBQ).
BTEC and IBBQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTEC is a passively managed fund by Principal that tracks the performance of the NASDAQ U.S. Health Care Innovators Index. It was launched on Aug 19, 2016. IBBQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ / Biotechnology. It was launched on Jun 11, 2021. Both BTEC 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: BTEC or IBBQ.
Key characteristics
| BTEC | IBBQ | |
|---|---|---|
| YTD Return | -1.19% | -2.55% |
| 1Y Return | 3.96% | 2.95% |
| Sharpe Ratio | 0.06 | 0.08 |
| Daily Std Dev | 26.76% | 16.89% |
| Max Drawdown | -62.91% | -37.94% |
| Current Drawdown | -48.80% | -20.69% |
Correlation
The correlation between BTEC and IBBQ is 0.88, 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
BTEC vs. IBBQ - Performance Comparison
In the year-to-date period, BTEC achieves a -1.19% return, which is significantly higher than IBBQ's -2.55% 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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BTEC vs. IBBQ - Expense Ratio Comparison
BTEC has a 0.42% expense ratio, which is higher than IBBQ's 0.00% expense ratio.
Risk-Adjusted Performance
BTEC vs. IBBQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Healthcare Innovators Index ETF (BTEC) 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
BTEC vs. IBBQ - Dividend Comparison
BTEC has not paid dividends to shareholders, while IBBQ's dividend yield for the trailing twelve months is around 0.86%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
BTEC Principal Healthcare Innovators Index ETF | 0.00% | 0.00% | 0.00% | 0.96% | 0.37% | 0.00% | 0.00% | 0.13% |
IBBQ Invesco Nasdaq Biotechnology ETF | 0.86% | 0.81% | 0.76% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BTEC vs. IBBQ - Drawdown Comparison
The maximum BTEC drawdown since its inception was -62.91%, which is greater than IBBQ's maximum drawdown of -37.94%. Use the drawdown chart below to compare losses from any high point for BTEC and IBBQ. For additional features, visit the drawdowns tool.
Volatility
BTEC vs. IBBQ - Volatility Comparison
Principal Healthcare Innovators Index ETF (BTEC) has a higher volatility of 8.29% compared to Invesco Nasdaq Biotechnology ETF (IBBQ) at 5.40%. This indicates that BTEC'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.