IBBQ vs. BIS
Compare and contrast key facts about Invesco Nasdaq Biotechnology ETF (IBBQ) and ProShares UltraShort Nasdaq Biotechnology (BIS).
IBBQ and BIS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBBQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ / Biotechnology. It was launched on Jun 11, 2021. BIS is a passively managed fund by ProShares that tracks the performance of the NASDAQ Biotechnology Index (-200%). It was launched on Apr 7, 2010. Both IBBQ and BIS 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: IBBQ or BIS.
Performance
IBBQ vs. BIS - Performance Comparison
Returns By Period
In the year-to-date period, IBBQ achieves a 1.21% return, which is significantly higher than BIS's 0.59% return.
IBBQ
1.21%
-8.80%
-0.81%
16.22%
N/A
N/A
BIS
0.59%
19.73%
3.25%
-23.51%
-21.02%
-21.12%
Key characteristics
| IBBQ | BIS | |
|---|---|---|
| Sharpe Ratio | 0.94 | -0.68 |
| Sortino Ratio | 1.39 | -0.85 |
| Omega Ratio | 1.17 | 0.91 |
| Calmar Ratio | 0.57 | -0.25 |
| Martin Ratio | 4.30 | -0.83 |
| Ulcer Index | 3.93% | 29.52% |
| Daily Std Dev | 17.93% | 35.92% |
| Max Drawdown | -37.94% | -99.77% |
| Current Drawdown | -17.63% | -99.72% |
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IBBQ vs. BIS - Expense Ratio Comparison
IBBQ has a 0.00% expense ratio, which is lower than BIS's 0.95% expense ratio.
Correlation
The correlation between IBBQ and BIS is -0.99. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
IBBQ vs. BIS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Biotechnology ETF (IBBQ) and ProShares UltraShort Nasdaq Biotechnology (BIS). 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
IBBQ vs. BIS - Dividend Comparison
IBBQ's dividend yield for the trailing twelve months is around 1.08%, less than BIS's 3.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
IBBQ Invesco Nasdaq Biotechnology ETF | 1.08% | 0.81% | 0.76% | 0.62% | 0.00% | 0.00% | 0.00% |
BIS ProShares UltraShort Nasdaq Biotechnology | 3.67% | 1.75% | 0.00% | 0.00% | 0.44% | 2.10% | 0.37% |
Drawdowns
IBBQ vs. BIS - Drawdown Comparison
The maximum IBBQ drawdown since its inception was -37.94%, smaller than the maximum BIS drawdown of -99.77%. Use the drawdown chart below to compare losses from any high point for IBBQ and BIS. For additional features, visit the drawdowns tool.
Volatility
IBBQ vs. BIS - Volatility Comparison
The current volatility for Invesco Nasdaq Biotechnology ETF (IBBQ) is 6.76%, while ProShares UltraShort Nasdaq Biotechnology (BIS) has a volatility of 13.04%. This indicates that IBBQ experiences smaller price fluctuations and is considered to be less risky than BIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.