IBBQ vs. IBB
Compare and contrast key facts about Invesco Nasdaq Biotechnology ETF (IBBQ) and iShares Nasdaq Biotechnology ETF (IBB).
IBBQ and IBB 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. IBB is a passively managed fund by iShares that tracks the performance of the NASDAQ Biotechnology Index. It was launched on Feb 5, 2001. Both IBBQ and IBB 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 IBB.
Performance
IBBQ vs. IBB - Performance Comparison
Returns By Period
In the year-to-date period, IBBQ achieves a 2.63% return, which is significantly higher than IBB's 0.42% return.
IBBQ
2.63%
-6.27%
1.23%
18.35%
N/A
N/A
IBB
0.42%
-5.49%
0.49%
15.01%
3.64%
3.36%
Key characteristics
| IBBQ | IBB | |
|---|---|---|
| Sharpe Ratio | 1.06 | 0.88 |
| Sortino Ratio | 1.54 | 1.30 |
| Omega Ratio | 1.19 | 1.16 |
| Calmar Ratio | 0.64 | 0.48 |
| Martin Ratio | 4.71 | 3.96 |
| Ulcer Index | 4.02% | 3.98% |
| Daily Std Dev | 17.92% | 17.91% |
| Max Drawdown | -37.94% | -62.85% |
| Current Drawdown | -16.47% | -22.04% |
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IBBQ vs. IBB - Expense Ratio Comparison
IBBQ has a 0.00% expense ratio, which is lower than IBB's 0.47% expense ratio.
Correlation
The correlation between IBBQ and IBB is 0.97, 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.
Risk-Adjusted Performance
IBBQ vs. IBB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Biotechnology ETF (IBBQ) and iShares Nasdaq Biotechnology ETF (IBB). 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. IBB - Dividend Comparison
IBBQ's dividend yield for the trailing twelve months is around 1.06%, more than IBB's 0.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBBQ Invesco Nasdaq Biotechnology ETF | 1.06% | 0.81% | 0.76% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBB iShares Nasdaq Biotechnology ETF | 0.33% | 0.26% | 0.31% | 0.21% | 0.20% | 0.17% | 0.19% | 0.30% | 0.19% | 0.03% | 0.15% | 0.03% |
Drawdowns
IBBQ vs. IBB - Drawdown Comparison
The maximum IBBQ drawdown since its inception was -37.94%, smaller than the maximum IBB drawdown of -62.85%. Use the drawdown chart below to compare losses from any high point for IBBQ and IBB. For additional features, visit the drawdowns tool.
Volatility
IBBQ vs. IBB - Volatility Comparison
Invesco Nasdaq Biotechnology ETF (IBBQ) and iShares Nasdaq Biotechnology ETF (IBB) have volatilities of 6.87% and 7.19%, 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.