IBBQ vs. BTEC
Compare and contrast key facts about Invesco Nasdaq Biotechnology ETF (IBBQ) and Principal Healthcare Innovators Index ETF (BTEC).
IBBQ and BTEC 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. BTEC is a passively managed fund by Principal that tracks the performance of the NASDAQ U.S. Health Care Innovators Index. It was launched on Aug 19, 2016. Both IBBQ and BTEC 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 BTEC.
Correlation
The correlation between IBBQ and BTEC is 0.83, 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
IBBQ vs. BTEC - Performance Comparison
Key characteristics
Returns By Period
IBBQ
-0.54%
-2.44%
-4.45%
3.97%
N/A
N/A
BTEC
N/A
N/A
N/A
N/A
N/A
N/A
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IBBQ vs. BTEC - Expense Ratio Comparison
IBBQ has a 0.00% expense ratio, which is lower than BTEC's 0.42% expense ratio.
Risk-Adjusted Performance
IBBQ vs. BTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Biotechnology ETF (IBBQ) and Principal Healthcare Innovators Index ETF (BTEC). 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. BTEC - Dividend Comparison
IBBQ's dividend yield for the trailing twelve months is around 0.85%, while BTEC has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
IBBQ Invesco Nasdaq Biotechnology ETF | 0.85% | 0.81% | 0.76% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% |
BTEC Principal Healthcare Innovators Index ETF | 0.00% | 0.00% | 0.00% | 0.96% | 0.37% | 0.00% | 0.00% | 0.13% |
Drawdowns
IBBQ vs. BTEC - Drawdown Comparison
Volatility
IBBQ vs. BTEC - Volatility Comparison
Invesco Nasdaq Biotechnology ETF (IBBQ) has a higher volatility of 5.84% compared to Principal Healthcare Innovators Index ETF (BTEC) at 0.00%. This indicates that IBBQ's price experiences larger fluctuations and is considered to be riskier than BTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.