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DKNG vs. IBB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DKNG vs. IBB

Last updated Jun 5, 2026

DKNG (DraftKings Inc.) is a stock, while IBB (iShares Nasdaq Biotechnology ETF) is Health & Biotech Equities fund tracking the NASDAQ Biotechnology Index. Over the past 5 years, DKNG returned -12.80%/yr vs 2.57%/yr for IBB. At a 0.40 correlation, their price movements are largely independent.

Performance

DKNG vs. IBB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DraftKings Inc. (DKNG) and iShares Nasdaq Biotechnology ETF (IBB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DKNG achieves a -26.38% return, which is significantly lower than IBB's 1.65% return.

DKNG

1D
1.04%
1M
4.96%
YTD
-26.38%
6M
-27.91%
1Y
-27.18%
3Y*
0.09%
5Y*
-12.80%
10Y*
—

IBB

1D
2.35%
1M
0.64%
YTD
1.65%
6M
-0.21%
1Y
37.34%
3Y*
10.11%
5Y*
2.57%
10Y*
6.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DKNG vs. IBB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
DKNG
DraftKings Inc.		-26.38%-7.37%5.53%209.48%-58.54%-41.00%140.62%
IBB
iShares Nasdaq Biotechnology ETF		1.65%27.98%-2.41%3.76%-13.69%0.95%20.29%

Correlation

The correlation between DKNG and IBB is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.12

Correlation (3Y)
Calculated over the trailing 3-year period

0.27

Correlation (5Y)
Calculated over the trailing 5-year period

0.42

Correlation (All Time)
Calculated using the full available price history since Apr 27, 2020

0.40

Over the past year, the correlation between DKNG and IBB has dropped to 0.12 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

DraftKings Inc.

iShares Nasdaq Biotechnology ETF

Often compared with DKNG:
DKNG vs. FLTR.LDKNG vs. PENNDKNG vs. SPYDKNG vs. CZRDKNG vs. PLTRDKNG vs. DASHDKNG vs. NVDA
Often compared with IBB:
IBB vs. XBIIBB vs. ARKGIBB vs. XLVIBB vs. IBBQIBB vs. BBHIBB vs. SPYIBB vs. FBIOX

Return for Risk

DKNG vs. IBB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DKNG
DKNG Risk / Return Rank: 2121
Overall Rank
DKNG Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
DKNG Sortino Ratio Rank: 1919
Sortino Ratio Rank
DKNG Omega Ratio Rank: 1919
Omega Ratio Rank
DKNG Calmar Ratio Rank: 2525
Calmar Ratio Rank
DKNG Martin Ratio Rank: 2727
Martin Ratio Rank
IBB
IBB Risk / Return Rank: 6262
Overall Rank
IBB Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
IBB Sortino Ratio Rank: 5757
Sortino Ratio Rank
IBB Omega Ratio Rank: 5252
Omega Ratio Rank
IBB Calmar Ratio Rank: 7878
Calmar Ratio Rank
IBB Martin Ratio Rank: 6868
Martin Ratio Rank
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.

DKNG vs. IBB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DraftKings Inc. (DKNG) and iShares Nasdaq Biotechnology ETF (IBB). 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.

DKNGIBBDifference
Sharpe ratioReturn per unit of total volatility
-0.58
1.88

-2.46

Sortino ratioReturn per unit of downside risk
-0.57
2.67

-3.24

Omega ratioGain probability vs. loss probability

0.93

1.32

-0.39

Calmar ratioReturn relative to maximum drawdown

-0.48

3.89

-4.37

Martin ratioReturn relative to average drawdown

-0.78

12.34

-13.12

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DKNG vs. IBB - Sharpe Ratio Comparison

The current DKNG Sharpe Ratio is -0.58, which is lower than the IBB Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of DKNG and IBB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

DKNGIBBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.58

1.88

-2.46

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.21

0.12

-0.33

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.27

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.07

0.26

-0.19

Drawdowns

DKNG vs. IBB - Drawdown Comparison

The maximum DKNG drawdown since its inception was -85.73%, which is greater than IBB's maximum drawdown of -62.85%. Use the drawdown chart below to compare losses from any high point for DKNG and IBB.

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Drawdown Indicators

DKNGIBBDifference

Max Drawdown

Largest peak-to-trough decline

-85.73%

-62.85%

-22.88%

Max Drawdown (1Y)

Largest decline over 1 year

-57.04%

-9.63%

-47.41%

Max Drawdown (3Y)

Largest decline over 3 years

-61.26%

-24.85%

-36.41%

Max Drawdown (5Y)

Largest decline over 5 years

-83.87%

-39.82%

-44.05%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.82%

—

Current Drawdown

Current decline from peak

-64.75%

-3.43%

-61.32%

Average Drawdown

Average peak-to-trough decline

-48.92%

-21.18%

-27.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

34.80%

3.04%

+31.76%

Volatility

DKNG vs. IBB - Volatility Comparison

DraftKings Inc. (DKNG) has a higher volatility of 14.41% compared to iShares Nasdaq Biotechnology ETF (IBB) at 7.26%. This indicates that DKNG's price experiences larger fluctuations and is considered to be riskier than IBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DKNGIBBDifference

Volatility (1M)

Calculated over the trailing 1-month period

14.41%

7.26%

+7.15%

Volatility (6M)

Calculated over the trailing 6-month period

35.21%

15.55%

+19.66%

Volatility (1Y)

Calculated over the trailing 1-year period

46.99%

19.99%

+27.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

61.13%

22.01%

+39.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

63.21%

23.23%

+39.98%

Dividends

DKNG vs. IBB - Dividend Comparison

DKNG has not paid dividends to shareholders, while IBB's dividend yield for the trailing twelve months is around 0.23%.

PositionTTM20252024202320222021202020192018201720162015
DKNG
DraftKings Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IBB
iShares Nasdaq Biotechnology ETF		0.23%0.23%0.29%0.26%0.31%0.21%0.21%0.33%0.20%0.30%0.19%0.03%

Frequently Asked Questions

DKNG and IBB have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DKNG has higher volatility (14.41%) compared to IBB (7.26%). In terms of maximum drawdown, DKNG dropped -85.73% vs IBB's -62.85%.

IBB currently has the higher Sharpe Ratio (1.88 vs -0.58), 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.

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