GNOM vs. IBBQ
Compare and contrast key facts about Global X Genomics & Biotechnology ETF (GNOM) and Invesco Nasdaq Biotechnology ETF (IBBQ).
GNOM and IBBQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GNOM is a passively managed fund by Global X that tracks the performance of the Solactive Genomics Index. It was launched on Apr 5, 2019. IBBQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ / Biotechnology. It was launched on Jun 11, 2021. Both GNOM 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: GNOM or IBBQ.
Performance
GNOM vs. IBBQ - Performance Comparison
Returns By Period
In the year-to-date period, GNOM achieves a -15.04% return, which is significantly lower than IBBQ's 1.94% return.
GNOM
-15.04%
-8.82%
-9.33%
-4.66%
-7.55%
N/A
IBBQ
1.94%
-6.94%
-1.15%
18.11%
N/A
N/A
Key characteristics
| GNOM | IBBQ | |
|---|---|---|
| Sharpe Ratio | -0.24 | 0.95 |
| Sortino Ratio | -0.16 | 1.41 |
| Omega Ratio | 0.98 | 1.17 |
| Calmar Ratio | -0.10 | 0.57 |
| Martin Ratio | -0.63 | 4.29 |
| Ulcer Index | 10.79% | 3.98% |
| Daily Std Dev | 28.18% | 17.93% |
| Max Drawdown | -68.54% | -37.94% |
| Current Drawdown | -64.78% | -17.03% |
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GNOM vs. IBBQ - Expense Ratio Comparison
GNOM has a 0.50% expense ratio, which is higher than IBBQ's 0.00% expense ratio.
Correlation
The correlation between GNOM and IBBQ is 0.86, 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.
Risk-Adjusted Performance
GNOM vs. IBBQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Genomics & Biotechnology ETF (GNOM) 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
GNOM vs. IBBQ - Dividend Comparison
GNOM has not paid dividends to shareholders, while IBBQ's dividend yield for the trailing twelve months is around 1.07%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
GNOM Global X Genomics & Biotechnology ETF | 0.00% | 0.00% | 0.00% | 0.04% | 0.14% |
IBBQ Invesco Nasdaq Biotechnology ETF | 1.07% | 0.81% | 0.76% | 0.62% | 0.00% |
Drawdowns
GNOM vs. IBBQ - Drawdown Comparison
The maximum GNOM drawdown since its inception was -68.54%, which is greater than IBBQ's maximum drawdown of -37.94%. Use the drawdown chart below to compare losses from any high point for GNOM and IBBQ. For additional features, visit the drawdowns tool.
Volatility
GNOM vs. IBBQ - Volatility Comparison
Global X Genomics & Biotechnology ETF (GNOM) has a higher volatility of 8.51% compared to Invesco Nasdaq Biotechnology ETF (IBBQ) at 6.85%. This indicates that GNOM'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.