IBBQ vs. LFSC

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco Nasdaq Biotechnology ETF (IBBQ) and F/m Emerald Life Sciences Innovation ETF (LFSC).

IBBQ and LFSC 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. LFSC is an actively managed fund by F/m Investments. It was launched on Oct 30, 2024.

Performance

IBBQ vs. LFSC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Nasdaq Biotechnology ETF (IBBQ) and F/m Emerald Life Sciences Innovation ETF (LFSC). The values are adjusted to include any dividend payments, if applicable.

IBBQ vs. LFSC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IBBQ Invesco Nasdaq Biotechnology ETF	2.22%	33.32%	-6.97%
LFSC F/m Emerald Life Sciences Innovation ETF	-4.45%	56.54%	-6.02%

Returns By Period

In the year-to-date period, IBBQ achieves a 2.22% return, which is significantly higher than LFSC's -4.45% return.

IBBQ

• 1D: 4.45%
• 1M: -3.34%
• YTD: 2.22%
• 6M: 19.77%
• 1Y: 38.16%
• 3Y*: 12.99%
• 5Y*: —
• 10Y*: —

LFSC

• 1D: 6.16%
• 1M: -3.82%
• YTD: -4.45%
• 6M: 17.66%
• 1Y: 55.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBBQ vs. LFSC - Expense Ratio Comparison

IBBQ has a 0.00% expense ratio, which is lower than LFSC's 0.54% expense ratio.

LFSC

F/m Emerald Life Sciences Innovation ETF

IBBQ

Invesco Nasdaq Biotechnology ETF

Return for Risk

IBBQ vs. LFSC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBBQ

IBBQ Risk / Return Rank: 86
IBBQ Sharpe Ratio Rank: 85
IBBQ Sortino Ratio Rank: 86
IBBQ Omega Ratio Rank: 77
IBBQ Calmar Ratio Rank: 90
IBBQ Martin Ratio Rank: 90

LFSC

LFSC Risk / Return Rank: 86
LFSC Sharpe Ratio Rank: 89
LFSC Sortino Ratio Rank: 90
LFSC Omega Ratio Rank: 82
LFSC Calmar Ratio Rank: 91
LFSC Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBBQ vs. LFSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Biotechnology ETF (IBBQ) and F/m Emerald Life Sciences Innovation ETF (LFSC). 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.

	IBBQ	LFSC	Difference
Sharpe ratio Return per unit of total volatility	1.64	1.93	-0.29
Sortino ratio Return per unit of downside risk	2.24	2.65	-0.40
Omega ratio Gain probability vs. loss probability	1.29	1.33	-0.04
Calmar ratio Return relative to maximum drawdown	2.99	3.20	-0.21
Martin ratio Return relative to average drawdown	11.55	8.96	+2.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBBQ vs. LFSC - Sharpe Ratio Comparison

The current IBBQ Sharpe Ratio is 1.64, which is comparable to the LFSC Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of IBBQ and LFSC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IBBQ	LFSC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	1.93	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.94	-0.78

Correlation

The correlation between IBBQ and LFSC is 0.77, 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.

Dividends

IBBQ vs. LFSC - Dividend Comparison

IBBQ's dividend yield for the trailing twelve months is around 0.87%, while LFSC has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021
IBBQ Invesco Nasdaq Biotechnology ETF	0.87%	0.90%	1.14%	0.81%	0.76%	0.63%
LFSC F/m Emerald Life Sciences Innovation ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

IBBQ vs. LFSC - Drawdown Comparison

The maximum IBBQ drawdown since its inception was -37.94%, which is greater than LFSC's maximum drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for IBBQ and LFSC.

Drawdown Indicators

	IBBQ	LFSC	Difference
Max Drawdown Largest peak-to-trough decline	-37.94%	-29.74%	-8.20%
Max Drawdown (1Y) Largest decline over 1 year	-10.97%	-16.25%	+5.28%
Current Drawdown Current decline from peak	-3.69%	-11.08%	+7.39%
Average Drawdown Average peak-to-trough decline	-17.32%	-8.25%	-9.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	5.80%	-2.72%

Volatility

IBBQ vs. LFSC - Volatility Comparison

The current volatility for Invesco Nasdaq Biotechnology ETF (IBBQ) is 8.54%, while F/m Emerald Life Sciences Innovation ETF (LFSC) has a volatility of 10.35%. This indicates that IBBQ experiences smaller price fluctuations and is considered to be less risky than LFSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBBQ	LFSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.54%	10.35%	-1.81%
Volatility (6M) Calculated over the trailing 6-month period	14.23%	19.97%	-5.74%
Volatility (1Y) Calculated over the trailing 1-year period	23.45%	29.24%	-5.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.89%	29.31%	-7.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.89%	29.31%	-7.42%