IBBQ vs. ENVB
IBBQ (Invesco Nasdaq Biotechnology ETF) is Health & Biotech Equities fund tracking the NASDAQ / Biotechnology, while ENVB (Enveric Biosciences Inc) is a stock. Over the past 5 years, IBBQ returned 4.49%/yr vs -85.10%/yr for ENVB. At a 0.24 correlation, their price movements are largely independent.
Performance
IBBQ vs. ENVB - Performance Comparison
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Returns By Period
In the year-to-date period, IBBQ achieves a 4.83% return, which is significantly higher than ENVB's -59.23% return.
IBBQ
- 1D
- 0.54%
- 1M
- 2.51%
- YTD
- 4.83%
- 6M
- 4.79%
- 1Y
- 40.36%
- 3Y*
- 13.02%
- 5Y*
- 4.49%
- 10Y*
- —
ENVB
- 1D
- -3.27%
- 1M
- -34.22%
- YTD
- -59.23%
- 6M
- -72.39%
- 1Y
- -89.81%
- 3Y*
- -87.52%
- 5Y*
- -85.10%
- 10Y*
- -74.86%
IBBQ vs. ENVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBBQ Invesco Nasdaq Biotechnology ETF | 4.83% | 33.32% | -0.63% | 4.73% | -10.41% | -6.24% |
ENVB Enveric Biosciences Inc | -59.23% | -94.37% | -72.43% | -37.50% | -95.53% | -61.57% |
Correlation
The correlation between IBBQ and ENVB is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021 | 0.24 |
The correlation between IBBQ and ENVB shifts across timeframes, from 0.14 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBBQ vs. ENVB — Risk / Return Rank
IBBQ
ENVB
IBBQ vs. ENVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Biotechnology ETF (IBBQ) and Enveric Biosciences Inc (ENVB). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBBQ | ENVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.54 | ||
| Sortino ratioReturn per unit of downside risk | +3.87 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.87 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 4.86 | -0.98 | +5.85 |
| Martin ratioReturn relative to average drawdown | 15.49 | -1.34 | +16.83 |
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Drawdowns
IBBQ vs. ENVB - Drawdown Comparison
The maximum IBBQ drawdown since its inception was -37.94%, smaller than the maximum ENVB drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for IBBQ and ENVB.
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Drawdown Indicators
| IBBQ | ENVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.94% | -100.00% | +62.06% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -91.49% | +83.15% |
Max Drawdown (3Y)Largest decline over 3 years | -23.66% | -99.81% | +76.15% |
Max Drawdown (5Y)Largest decline over 5 years | -37.94% | -100.00% | +62.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -2.45% | -100.00% | +97.55% |
Average DrawdownAverage peak-to-trough decline | -16.73% | -86.07% | +69.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 66.73% | -64.11% |
Volatility
IBBQ vs. ENVB - Volatility Comparison
The current volatility for Invesco Nasdaq Biotechnology ETF (IBBQ) is 7.73%, while Enveric Biosciences Inc (ENVB) has a volatility of 21.07%. This indicates that IBBQ experiences smaller price fluctuations and is considered to be less risky than ENVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBBQ | ENVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.73% | 21.07% | -13.34% |
Volatility (6M)Calculated over the trailing 6-month period | 15.61% | 105.59% | -89.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.08% | 175.01% | -154.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.90% | 155.96% | -134.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.89% | 164.65% | -142.76% |
Dividends
IBBQ vs. ENVB - Dividend Comparison
IBBQ's dividend yield for the trailing twelve months is around 0.84%, while ENVB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ENVB Enveric Biosciences Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBBQ Invesco Nasdaq Biotechnology ETF | 0.84% | 0.90% | 1.14% | 0.81% | 0.76% | 0.63% |
Frequently Asked Questions
IBBQ and ENVB have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENVB has higher volatility (21.07%) compared to IBBQ (7.73%). In terms of maximum drawdown, IBBQ dropped -37.94% vs ENVB's -100.00%.
IBBQ currently has the higher Sharpe Ratio (2.02 vs -0.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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