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

Correlation

The correlation between IBBQ and IBB is 0.98, 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.


-0.50.00.51.01.0

Performance

IBBQ vs. IBB - Performance Comparison

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

-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-12.95%
-17.32%
IBBQ
IBB

Key characteristics

Sharpe Ratio

IBBQ:

0.30

IBB:

0.19

Sortino Ratio

IBBQ:

0.53

IBB:

0.37

Omega Ratio

IBBQ:

1.06

IBB:

1.05

Calmar Ratio

IBBQ:

0.22

IBB:

0.11

Martin Ratio

IBBQ:

1.17

IBB:

0.73

Ulcer Index

IBBQ:

4.61%

IBB:

4.49%

Daily Std Dev

IBBQ:

17.78%

IBB:

17.65%

Max Drawdown

IBBQ:

-37.94%

IBB:

-62.85%

Current Drawdown

IBBQ:

-19.06%

IBB:

-23.93%

Returns By Period

In the year-to-date period, IBBQ achieves a -0.54% return, which is significantly higher than IBB's -2.03% return.


IBBQ

YTD

-0.54%

1M

-2.44%

6M

-4.45%

1Y

3.97%

5Y*

N/A

10Y*

N/A

IBB

YTD

-2.03%

1M

-1.52%

6M

-3.18%

1Y

1.67%

5Y*

1.97%

10Y*

3.29%

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. IBB - Expense Ratio Comparison

IBBQ has a 0.00% expense ratio, which is lower than IBB's 0.47% expense ratio.


IBB
iShares Nasdaq Biotechnology ETF
Expense ratio chart for IBB: current value at 0.47% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.47%
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. 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.


Sharpe ratio
The chart of Sharpe ratio for IBBQ, currently valued at 0.30, compared to the broader market0.002.004.000.300.19
The chart of Sortino ratio for IBBQ, currently valued at 0.53, compared to the broader market-2.000.002.004.006.008.0010.000.530.37
The chart of Omega ratio for IBBQ, currently valued at 1.06, compared to the broader market0.501.001.502.002.503.001.061.05
The chart of Calmar ratio for IBBQ, currently valued at 0.22, compared to the broader market0.005.0010.0015.000.220.11
The chart of Martin ratio for IBBQ, currently valued at 1.17, compared to the broader market0.0020.0040.0060.0080.00100.001.170.73
IBBQ
IBB

The current IBBQ Sharpe Ratio is 0.30, which is higher than the IBB Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of IBBQ and IBB, 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 Ratio0.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.30
0.19
IBBQ
IBB

Dividends

IBBQ vs. IBB - Dividend Comparison

IBBQ's dividend yield for the trailing twelve months is around 0.85%, more than IBB's 0.29% yield.


TTM20232022202120202019201820172016201520142013
IBBQ
Invesco Nasdaq Biotechnology ETF
0.85%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
0.29%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.


-25.00%-20.00%-15.00%-10.00%JulyAugustSeptemberOctoberNovemberDecember
-19.06%
-23.93%
IBBQ
IBB

Volatility

IBBQ vs. IBB - Volatility Comparison

Invesco Nasdaq Biotechnology ETF (IBBQ) and iShares Nasdaq Biotechnology ETF (IBB) have volatilities of 5.84% and 5.76%, 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.


4.00%5.00%6.00%7.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
5.84%
5.76%
IBBQ
IBB
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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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