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

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.


-0.50.00.51.00.3

Performance

IBBQ vs. IEZ - Performance Comparison

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

-10.00%0.00%10.00%20.00%30.00%40.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
-12.87%
20.69%
IBBQ
IEZ

Key characteristics

Sharpe Ratio

IBBQ:

0.22

IEZ:

-0.41

Sortino Ratio

IBBQ:

0.42

IEZ:

-0.40

Omega Ratio

IBBQ:

1.05

IEZ:

0.95

Calmar Ratio

IBBQ:

0.16

IEZ:

-0.15

Martin Ratio

IBBQ:

0.88

IEZ:

-0.94

Ulcer Index

IBBQ:

4.48%

IEZ:

11.55%

Daily Std Dev

IBBQ:

18.03%

IEZ:

26.91%

Max Drawdown

IBBQ:

-37.94%

IEZ:

-92.52%

Current Drawdown

IBBQ:

-18.98%

IEZ:

-70.42%

Returns By Period

In the year-to-date period, IBBQ achieves a -0.45% return, which is significantly higher than IEZ's -11.49% return.


IBBQ

YTD

-0.45%

1M

-1.55%

6M

-2.17%

1Y

2.45%

5Y*

N/A

10Y*

N/A

IEZ

YTD

-11.49%

1M

-9.69%

6M

-8.84%

1Y

-12.31%

5Y*

0.69%

10Y*

-7.91%

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. IEZ - Expense Ratio Comparison

IBBQ has a 0.00% expense ratio, which is lower than IEZ's 0.42% expense ratio.


IEZ
iShares U.S. Oil Equipment & Services ETF
Expense ratio chart for IEZ: current value at 0.42% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.42%
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. 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.


Sharpe ratio
The chart of Sharpe ratio for IBBQ, currently valued at 0.22, compared to the broader market0.002.004.000.22-0.41
The chart of Sortino ratio for IBBQ, currently valued at 0.42, compared to the broader market-2.000.002.004.006.008.0010.000.42-0.40
The chart of Omega ratio for IBBQ, currently valued at 1.05, compared to the broader market0.501.001.502.002.503.001.050.95
The chart of Calmar ratio for IBBQ, currently valued at 0.16, compared to the broader market0.005.0010.0015.000.16-0.46
The chart of Martin ratio for IBBQ, currently valued at 0.88, compared to the broader market0.0020.0040.0060.0080.00100.000.88-0.94
IBBQ
IEZ

The current IBBQ Sharpe Ratio is 0.22, which is higher than the IEZ Sharpe Ratio of -0.41. The chart below compares the historical Sharpe Ratios of IBBQ and IEZ, 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 Ratio-1.00-0.500.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.22
-0.41
IBBQ
IEZ

Dividends

IBBQ vs. IEZ - Dividend Comparison

IBBQ's dividend yield for the trailing twelve months is around 0.85%, less than IEZ's 2.16% 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%
IEZ
iShares U.S. Oil Equipment & Services ETF
1.83%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.


-20.00%-15.00%-10.00%-5.00%JulyAugustSeptemberOctoberNovemberDecember
-18.98%
-23.14%
IBBQ
IEZ

Volatility

IBBQ vs. IEZ - Volatility Comparison

The current volatility for Invesco Nasdaq Biotechnology ETF (IBBQ) is 5.77%, while iShares U.S. Oil Equipment & Services ETF (IEZ) has a volatility of 7.38%. 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.


4.00%6.00%8.00%10.00%12.00%JulyAugustSeptemberOctoberNovemberDecember
5.77%
7.38%
IBBQ
IEZ
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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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