IBBQ vs. GSKH

Last updated Jun 24, 2026

IBBQ (Invesco Nasdaq Biotechnology ETF) and GSKH (GSK plc ADRhedged ETF) are both Health & Biotech Equities funds - IBBQ tracks the NASDAQ / Biotechnology while GSKH tracks the GSK plc Local Shares Total Return. Both are passively managed. Over the past year, IBBQ returned 48.86% vs 42.66% for GSKH. At a 0.47 correlation, their price movements are largely independent. IBBQ charges 0.00%/yr vs 0.19%/yr for GSKH.

Performance

IBBQ vs. GSKH - Performance Comparison

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

Returns By Period

In the year-to-date period, IBBQ achieves a 8.67% return, which is significantly lower than GSKH's 9.90% return.

IBBQ

• 1D: 0.93%
• 1M: 5.09%
• YTD: 8.67%
• 6M: 7.00%
• 1Y: 48.86%
• 3Y*: 15.18%
• 5Y*: 4.77%
• 10Y*: —

GSKH

• 1D: 2.87%
• 1M: 2.94%
• YTD: 9.90%
• 6M: 10.56%
• 1Y: 42.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBBQ vs. GSKH - Yearly Performance Comparison

	2026 (YTD)	2025
IBBQ Invesco Nasdaq Biotechnology ETF	8.67%	32.04%
GSKH GSK plc ADRhedged ETF	9.90%	36.51%

Correlation

The correlation between IBBQ and GSKH is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jan 7, 2025	0.47

Return for Risk

IBBQ vs. GSKH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBBQ

IBBQ Risk / Return Rank: 83
IBBQ Sharpe Ratio Rank: 81
IBBQ Sortino Ratio Rank: 80
IBBQ Omega Ratio Rank: 71
IBBQ Calmar Ratio Rank: 92
IBBQ Martin Ratio Rank: 89

GSKH

GSKH Risk / Return Rank: 51
GSKH Sharpe Ratio Rank: 53
GSKH Sortino Ratio Rank: 56
GSKH Omega Ratio Rank: 54
GSKH Calmar Ratio Rank: 51
GSKH Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBBQ vs. GSKH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Biotechnology ETF (IBBQ) and GSK plc ADRhedged ETF (GSKH). 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	GSKH	Difference
Sharpe ratio: Return per unit of total volatility	2.45	1.64	+0.81
Sortino ratio: Return per unit of downside risk	3.36	2.43	+0.94
Omega ratio: Gain probability vs. loss probability	1.40	1.30	+0.09
Calmar ratio: Return relative to maximum drawdown	5.89	2.31	+3.58
Martin ratio: Return relative to average drawdown	18.75	6.06	+12.70

IBBQ vs. GSKH - Sharpe Ratio Comparison

The current IBBQ Sharpe Ratio is 2.45, which is higher than the GSKH Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of IBBQ and GSKH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IBBQ vs. GSKH - Drawdown Comparison

The maximum IBBQ drawdown since its inception was -37.94%, which is greater than GSKH's maximum drawdown of -18.54%. Use the drawdown chart below to compare losses from any high point for IBBQ and GSKH.

Drawdown Indicators

	IBBQ	GSKH	Difference
Max Drawdown Largest peak-to-trough decline	-37.94%	-18.54%	-19.40%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-18.54%	+10.20%
Max Drawdown (3Y) Largest decline over 3 years	-23.66%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-37.94%	—	—
Current Drawdown Current decline from peak	0.00%	-11.62%	+11.62%
Average Drawdown Average peak-to-trough decline	-16.66%	-5.86%	-10.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	7.06%	-4.45%

Volatility

IBBQ vs. GSKH - Volatility Comparison

Invesco Nasdaq Biotechnology ETF (IBBQ) and GSK plc ADRhedged ETF (GSKH) have volatilities of 6.82% and 6.89%, 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.

Volatility by Period

	IBBQ	GSKH	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.82%	6.89%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	15.72%	18.67%	-2.95%
Volatility (1Y) Calculated over the trailing 1-year period	20.03%	26.14%	-6.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.92%	26.95%	-5.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.87%	26.95%	-5.08%

IBBQ vs. GSKH - Expense Ratio Comparison

IBBQ has a 0.00% expense ratio, which is lower than GSKH's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IBBQ vs. GSKH - Dividend Comparison

IBBQ's dividend yield for the trailing twelve months is around 0.83%, less than GSKH's 2.82% yield.

Position	TTM	2025	2024	2023	2022	2021
GSKH GSK plc ADRhedged ETF	2.82%	1.15%	0.00%	0.00%	0.00%	0.00%
IBBQ Invesco Nasdaq Biotechnology ETF	0.83%	0.90%	1.14%	0.81%	0.76%	0.63%

Frequently Asked Questions

Can I hold both IBBQ and GSKH in my portfolio?

IBBQ and GSKH have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBBQ or GSKH?

GSKH has higher volatility (6.89%) compared to IBBQ (6.82%). In terms of maximum drawdown, IBBQ dropped -37.94% vs GSKH's -18.54%.

Which ETF is better, IBBQ or GSKH?

On 1-year performance, IBBQ leads with 48.86% vs 42.66% for GSKH. On fees, IBBQ is cheaper at 0.00% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBBQ or GSKH?

Over the 1-year period, IBBQ has performed better with a 48.86% return vs 42.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBBQ or GSKH?

IBBQ is cheaper with a 0.00% expense ratio, compared with 0.19% for GSKH.

Which ETF pays a higher dividend yield, IBBQ or GSKH?

GSKH has the higher dividend yield at 2.82%, compared with 0.83% for IBBQ.

What is the main difference between IBBQ and GSKH?

IBBQ tracks NASDAQ / Biotechnology, while GSKH tracks GSK plc Local Shares Total Return. They also come from different issuers: Invesco and ADRhedged. Their fees differ too: 0.00% for IBBQ and 0.19% for GSKH.

Which has better risk-adjusted returns?

IBBQ currently has the higher Sharpe Ratio (2.45 vs 1.64), 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.