FBT vs. BBP
Compare and contrast key facts about First Trust Amex Biotechnology Index (FBT) and Virtus LifeSci Biotech Products ETF (BBP).
FBT and BBP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBT is a passively managed fund by First Trust that tracks the performance of the NYSE Arca Biotechnology Index. It was launched on Jun 23, 2006. BBP is a passively managed fund by Virtus Investment Partners that tracks the performance of the LifeSci Biotechnology Products Index. It was launched on Dec 17, 2014. Both FBT and BBP 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: FBT or BBP.
Correlation
The correlation between FBT and BBP 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
FBT vs. BBP - Performance Comparison
Key characteristics
FBT:
0.61
BBP:
0.43
FBT:
0.91
BBP:
0.74
FBT:
1.12
BBP:
1.09
FBT:
0.46
BBP:
0.48
FBT:
2.16
BBP:
1.23
FBT:
4.81%
BBP:
7.72%
FBT:
17.14%
BBP:
22.11%
FBT:
-40.51%
BBP:
-44.32%
FBT:
-8.59%
BBP:
-11.57%
Returns By Period
In the year-to-date period, FBT achieves a 5.45% return, which is significantly higher than BBP's 3.73% return. Over the past 10 years, FBT has underperformed BBP with an annualized return of 5.46%, while BBP has yielded a comparatively higher 9.30% annualized return.
FBT
5.45%
1.05%
9.20%
8.81%
2.16%
5.46%
BBP
3.73%
-2.61%
3.04%
8.07%
6.43%
9.30%
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FBT vs. BBP - Expense Ratio Comparison
FBT has a 0.57% expense ratio, which is lower than BBP's 0.79% expense ratio.
Risk-Adjusted Performance
FBT vs. BBP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Amex Biotechnology Index (FBT) 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.
Dividends
FBT vs. BBP - Dividend Comparison
FBT's dividend yield for the trailing twelve months is around 0.71%, while BBP has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FBT First Trust Amex Biotechnology Index | 0.71% | 0.00% | 0.00% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% | 0.05% |
BBP Virtus LifeSci Biotech Products ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.18% | 0.00% | 1.29% | 0.00% |
Drawdowns
FBT vs. BBP - Drawdown Comparison
The maximum FBT drawdown since its inception was -40.51%, smaller than the maximum BBP drawdown of -44.32%. Use the drawdown chart below to compare losses from any high point for FBT and BBP. For additional features, visit the drawdowns tool.
Volatility
FBT vs. BBP - Volatility Comparison
The current volatility for First Trust Amex Biotechnology Index (FBT) is 5.93%, while Virtus LifeSci Biotech Products ETF (BBP) has a volatility of 7.12%. This indicates that FBT experiences smaller price fluctuations and is considered to be less risky than BBP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.