FBT vs. XBI
Compare and contrast key facts about First Trust Amex Biotechnology Index (FBT) and SPDR S&P Biotech ETF (XBI).
FBT and XBI 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. XBI is a passively managed fund by State Street that tracks the performance of the S&P Biotechnology Select Industry Index. It was launched on Feb 6, 2006. Both FBT and XBI 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 XBI.
Key characteristics
| FBT | XBI | |
|---|---|---|
| YTD Return | -8.95% | -5.23% |
| 1Y Return | -6.97% | 3.13% |
| 3Y Return (Ann) | -3.87% | -14.79% |
| 5Y Return (Ann) | 1.13% | 0.06% |
| 10Y Return (Ann) | 7.06% | 7.39% |
| Sharpe Ratio | -0.36 | 0.20 |
| Daily Std Dev | 17.48% | 28.22% |
| Max Drawdown | -40.51% | -63.89% |
| Current Drawdown | -21.07% | -51.34% |
Correlation
The correlation between FBT and XBI is 0.89, 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. XBI - Performance Comparison
In the year-to-date period, FBT achieves a -8.95% return, which is significantly lower than XBI's -5.23% return. Both investments have delivered pretty close results over the past 10 years, with FBT having a 7.06% annualized return and XBI not far ahead at 7.39%. 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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FBT vs. XBI - Expense Ratio Comparison
FBT has a 0.57% expense ratio, which is higher than XBI's 0.35% expense ratio.
Risk-Adjusted Performance
FBT vs. XBI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Amex Biotechnology Index (FBT) and SPDR S&P Biotech ETF (XBI). 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. XBI - Dividend Comparison
FBT has not paid dividends to shareholders, while XBI's dividend yield for the trailing twelve months is around 0.02%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBT First Trust Amex Biotechnology Index | 0.00% | 0.00% | 0.00% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% | 0.05% | 0.00% |
XBI SPDR S&P Biotech ETF | 0.02% | 0.02% | 0.00% | 0.04% | 0.20% | 0.00% | 0.28% | 0.24% | 0.26% | 0.61% | 1.07% | 0.17% |
Drawdowns
FBT vs. XBI - Drawdown Comparison
The maximum FBT drawdown since its inception was -40.51%, smaller than the maximum XBI drawdown of -63.89%. Use the drawdown chart below to compare losses from any high point for FBT and XBI. For additional features, visit the drawdowns tool.
Volatility
FBT vs. XBI - Volatility Comparison
The current volatility for First Trust Amex Biotechnology Index (FBT) is 5.30%, while SPDR S&P Biotech ETF (XBI) has a volatility of 7.65%. This indicates that FBT experiences smaller price fluctuations and is considered to be less risky than XBI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.