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IBBQ vs. BIS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.0-1.0

Performance

IBBQ vs. BIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Nasdaq Biotechnology ETF (IBBQ) and ProShares UltraShort Nasdaq Biotechnology (BIS). The values are adjusted to include any dividend payments, if applicable.

-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-12.95%
1.12%
IBBQ
BIS

Key characteristics

Sharpe Ratio

IBBQ:

0.30

BIS:

-0.21

Sortino Ratio

IBBQ:

0.53

BIS:

-0.06

Omega Ratio

IBBQ:

1.06

BIS:

0.99

Calmar Ratio

IBBQ:

0.22

BIS:

-0.07

Martin Ratio

IBBQ:

1.17

BIS:

-0.38

Ulcer Index

IBBQ:

4.61%

BIS:

19.62%

Daily Std Dev

IBBQ:

17.78%

BIS:

35.63%

Max Drawdown

IBBQ:

-37.94%

BIS:

-99.77%

Current Drawdown

IBBQ:

-19.06%

BIS:

-99.71%

Returns By Period

In the year-to-date period, IBBQ achieves a -0.54% return, which is significantly lower than BIS's 4.00% return.


IBBQ

YTD

-0.54%

1M

-2.44%

6M

-4.45%

1Y

3.97%

5Y*

N/A

10Y*

N/A

BIS

YTD

4.00%

1M

4.82%

6M

10.56%

1Y

-4.31%

5Y*

-18.28%

10Y*

-20.64%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


IBBQ vs. BIS - Expense Ratio Comparison

IBBQ has a 0.00% expense ratio, which is lower than BIS's 0.95% expense ratio.


BIS
ProShares UltraShort Nasdaq Biotechnology
Expense ratio chart for BIS: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for IBBQ: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%

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.


Sharpe ratio
The chart of Sharpe ratio for IBBQ, currently valued at 0.30, compared to the broader market0.002.004.000.30-0.21
The chart of Sortino ratio for IBBQ, currently valued at 0.53, compared to the broader market-2.000.002.004.006.008.0010.000.53-0.06
The chart of Omega ratio for IBBQ, currently valued at 1.06, compared to the broader market0.501.001.502.002.503.001.060.99
The chart of Calmar ratio for IBBQ, currently valued at 0.22, compared to the broader market0.005.0010.0015.000.22-0.13
The chart of Martin ratio for IBBQ, currently valued at 1.17, compared to the broader market0.0020.0040.0060.0080.00100.001.17-0.38
IBBQ
BIS

The current IBBQ Sharpe Ratio is 0.30, which is higher than the BIS Sharpe Ratio of -0.21. The chart below compares the historical Sharpe Ratios of IBBQ and BIS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.50-1.00-0.500.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.30
-0.21
IBBQ
BIS

Dividends

IBBQ vs. BIS - Dividend Comparison

IBBQ's dividend yield for the trailing twelve months is around 0.85%, less than BIS's 2.58% yield.


TTM202320222021202020192018
IBBQ
Invesco Nasdaq Biotechnology ETF
0.85%0.81%0.76%0.62%0.00%0.00%0.00%
BIS
ProShares UltraShort Nasdaq Biotechnology
2.58%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.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%JulyAugustSeptemberOctoberNovemberDecember
-19.06%
-45.39%
IBBQ
BIS

Volatility

IBBQ vs. BIS - Volatility Comparison

The current volatility for Invesco Nasdaq Biotechnology ETF (IBBQ) is 5.84%, while ProShares UltraShort Nasdaq Biotechnology (BIS) has a volatility of 11.55%. 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.


4.00%6.00%8.00%10.00%12.00%14.00%JulyAugustSeptemberOctoberNovemberDecember
5.84%
11.55%
IBBQ
BIS
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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