IBB vs. IBBQ
Compare and contrast key facts about iShares Nasdaq Biotechnology ETF (IBB) and Invesco Nasdaq Biotechnology ETF (IBBQ).
IBB and IBBQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBB is a passively managed fund by iShares that tracks the performance of the NASDAQ Biotechnology Index. It was launched on Feb 5, 2001. IBBQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ / Biotechnology. It was launched on Jun 11, 2021. Both IBB 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: IBB or IBBQ.
Performance
IBB vs. IBBQ - Performance Comparison
Returns By Period
In the year-to-date period, IBB achieves a -1.84% return, which is significantly lower than IBBQ's 1.11% return.
IBB
-1.84%
-8.82%
-3.12%
13.02%
3.43%
3.30%
IBBQ
1.11%
-8.88%
-1.25%
16.78%
N/A
N/A
Key characteristics
| IBB | IBBQ | |
|---|---|---|
| Sharpe Ratio | 0.78 | 1.00 |
| Sortino Ratio | 1.18 | 1.47 |
| Omega Ratio | 1.14 | 1.18 |
| Calmar Ratio | 0.43 | 0.60 |
| Martin Ratio | 3.66 | 4.64 |
| Ulcer Index | 3.83% | 3.87% |
| Daily Std Dev | 17.93% | 17.96% |
| Max Drawdown | -62.85% | -37.94% |
| Current Drawdown | -23.79% | -17.71% |
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IBB vs. IBBQ - Expense Ratio Comparison
IBB has a 0.47% expense ratio, which is higher than IBBQ's 0.00% expense ratio.
Correlation
The correlation between IBB and IBBQ is 0.98, 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
IBB vs. IBBQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Biotechnology ETF (IBB) 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
IBB vs. IBBQ - Dividend Comparison
IBB's dividend yield for the trailing twelve months is around 0.34%, less than IBBQ's 1.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBB iShares Nasdaq Biotechnology ETF | 0.34% | 0.26% | 0.31% | 0.21% | 0.20% | 0.17% | 0.19% | 0.30% | 0.19% | 0.03% | 0.15% | 0.03% |
IBBQ Invesco Nasdaq Biotechnology ETF | 1.08% | 0.81% | 0.76% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IBB vs. IBBQ - Drawdown Comparison
The maximum IBB drawdown since its inception was -62.85%, which is greater than IBBQ's maximum drawdown of -37.94%. Use the drawdown chart below to compare losses from any high point for IBB and IBBQ. For additional features, visit the drawdowns tool.
Volatility
IBB vs. IBBQ - Volatility Comparison
iShares Nasdaq Biotechnology ETF (IBB) and Invesco Nasdaq Biotechnology ETF (IBBQ) have volatilities of 7.05% and 6.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.