IBBQ vs. IEZ
Compare and contrast key facts about Invesco Nasdaq Biotechnology ETF (IBBQ) and iShares U.S. Oil Equipment & Services ETF (IEZ).
IBBQ and IEZ 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. IEZ is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Oil Equipment & Services Index. It was launched on May 5, 2006. Both IBBQ and IEZ 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 IEZ.
Performance
IBBQ vs. IEZ - Performance Comparison
Returns By Period
In the year-to-date period, IBBQ achieves a 2.63% return, which is significantly higher than IEZ's 1.25% return.
IBBQ
2.63%
-6.27%
1.23%
18.35%
N/A
N/A
IEZ
1.25%
11.10%
-0.56%
2.19%
6.16%
-8.00%
Key characteristics
| IBBQ | IEZ | |
|---|---|---|
| Sharpe Ratio | 1.06 | 0.06 |
| Sortino Ratio | 1.54 | 0.28 |
| Omega Ratio | 1.19 | 1.03 |
| Calmar Ratio | 0.64 | 0.02 |
| Martin Ratio | 4.71 | 0.16 |
| Ulcer Index | 4.02% | 10.94% |
| Daily Std Dev | 17.92% | 26.91% |
| Max Drawdown | -37.94% | -92.52% |
| Current Drawdown | -16.47% | -66.16% |
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IBBQ vs. IEZ - Expense Ratio Comparison
IBBQ has a 0.00% expense ratio, which is lower than IEZ's 0.42% expense ratio.
Correlation
The correlation between IBBQ and IEZ is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
IBBQ vs. IEZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Biotechnology ETF (IBBQ) and iShares U.S. Oil Equipment & Services ETF (IEZ). 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. IEZ - Dividend Comparison
IBBQ's dividend yield for the trailing twelve months is around 1.06%, less than IEZ's 1.53% 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% |
IEZ iShares U.S. Oil Equipment & Services ETF | 1.53% | 0.97% | 0.65% | 1.19% | 2.08% | 2.27% | 1.81% | 3.41% | 0.91% | 2.40% | 1.68% | 0.75% |
Drawdowns
IBBQ vs. IEZ - Drawdown Comparison
The maximum IBBQ drawdown since its inception was -37.94%, smaller than the maximum IEZ drawdown of -92.52%. Use the drawdown chart below to compare losses from any high point for IBBQ and IEZ. For additional features, visit the drawdowns tool.
Volatility
IBBQ vs. IEZ - Volatility Comparison
The current volatility for Invesco Nasdaq Biotechnology ETF (IBBQ) is 6.87%, while iShares U.S. Oil Equipment & Services ETF (IEZ) has a volatility of 10.48%. This indicates that IBBQ experiences smaller price fluctuations and is considered to be less risky than IEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.