IBBQ vs. LABD
Compare and contrast key facts about Invesco Nasdaq Biotechnology ETF (IBBQ) and Direxion Daily S&P Biotech Bear 3x Shares (LABD).
IBBQ and LABD 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. LABD is a passively managed fund by Direxion that tracks the performance of the S&P Biotechnology Select Industry Index (-300%). It was launched on May 28, 2015. Both IBBQ and LABD 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 LABD.
Key characteristics
| IBBQ | LABD | |
|---|---|---|
| YTD Return | 1.65% | -17.26% |
| 1Y Return | 7.74% | -40.76% |
| Sharpe Ratio | 0.42 | -0.47 |
| Daily Std Dev | 16.66% | 83.17% |
| Max Drawdown | -37.94% | -99.97% |
| Current Drawdown | -17.27% | -99.95% |
Correlation
The correlation between IBBQ and LABD is -0.90. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
IBBQ vs. LABD - Performance Comparison
In the year-to-date period, IBBQ achieves a 1.65% return, which is significantly higher than LABD's -17.26% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IBBQ vs. LABD - Expense Ratio Comparison
IBBQ has a 0.00% expense ratio, which is lower than LABD's 1.06% expense ratio.
Risk-Adjusted Performance
IBBQ vs. LABD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Biotechnology ETF (IBBQ) and Direxion Daily S&P Biotech Bear 3x Shares (LABD). 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. LABD - Dividend Comparison
IBBQ's dividend yield for the trailing twelve months is around 0.82%, less than LABD's 5.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
IBBQ Invesco Nasdaq Biotechnology ETF | 0.82% | 0.81% | 0.76% | 0.63% | 0.00% | 0.00% | 0.00% |
LABD Direxion Daily S&P Biotech Bear 3x Shares | 5.56% | 6.13% | 0.53% | 0.00% | 3.96% | 1.75% | 0.80% |
Drawdowns
IBBQ vs. LABD - Drawdown Comparison
The maximum IBBQ drawdown since its inception was -37.94%, smaller than the maximum LABD drawdown of -99.97%. Use the drawdown chart below to compare losses from any high point for IBBQ and LABD. For additional features, visit the drawdowns tool.
Volatility
IBBQ vs. LABD - Volatility Comparison
The current volatility for Invesco Nasdaq Biotechnology ETF (IBBQ) is 4.42%, while Direxion Daily S&P Biotech Bear 3x Shares (LABD) has a volatility of 21.48%. This indicates that IBBQ experiences smaller price fluctuations and is considered to be less risky than LABD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.