IBBQ vs. LIFE.TO
Compare and contrast key facts about Invesco Nasdaq Biotechnology ETF (IBBQ) and Evolve Global Healthcare Enhanced Yield Fund (LIFE.TO).
IBBQ and LIFE.TO 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.
Performance
IBBQ vs. LIFE.TO - Performance Comparison
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IBBQ vs. LIFE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBBQ Invesco Nasdaq Biotechnology ETF | 2.22% | 33.32% | -0.63% | 4.73% | -10.41% | -6.72% |
LIFE.TO Evolve Global Healthcare Enhanced Yield Fund | -6.63% | 18.16% | -5.87% | 6.52% | -6.31% | 5.91% |
Different Trading Currencies
IBBQ is traded in USD, while LIFE.TO is traded in CAD. To make them comparable, the LIFE.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBBQ achieves a 2.22% return, which is significantly higher than LIFE.TO's -6.63% return.
IBBQ
- 1D
- 4.45%
- 1M
- -3.34%
- YTD
- 2.22%
- 6M
- 19.77%
- 1Y
- 38.16%
- 3Y*
- 12.99%
- 5Y*
- —
- 10Y*
- —
LIFE.TO
- 1D
- 0.56%
- 1M
- -9.32%
- YTD
- -6.63%
- 6M
- 3.82%
- 1Y
- 2.94%
- 3Y*
- 3.25%
- 5Y*
- 4.06%
- 10Y*
- —
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IBBQ vs. LIFE.TO - Expense Ratio Comparison
Return for Risk
IBBQ vs. LIFE.TO — Risk / Return Rank
IBBQ
LIFE.TO
IBBQ vs. LIFE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Biotechnology ETF (IBBQ) and Evolve Global Healthcare Enhanced Yield Fund (LIFE.TO). 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 | LIFE.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.64 | 0.16 | +1.48 |
Sortino ratioReturn per unit of downside risk | 2.24 | 0.36 | +1.89 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.05 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 2.99 | 0.29 | +2.71 |
Martin ratioReturn relative to average drawdown | 11.55 | 0.88 | +10.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBBQ | LIFE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 0.16 | +1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.32 | -0.15 |
Correlation
The correlation between IBBQ and LIFE.TO is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
IBBQ vs. LIFE.TO - Dividend Comparison
IBBQ's dividend yield for the trailing twelve months is around 0.87%, less than LIFE.TO's 11.69% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBBQ Invesco Nasdaq Biotechnology ETF | 0.87% | 0.90% | 1.14% | 0.81% | 0.76% | 0.63% | 0.00% | 0.00% | 0.00% |
LIFE.TO Evolve Global Healthcare Enhanced Yield Fund | 11.69% | 11.83% | 10.90% | 9.24% | 8.20% | 6.46% | 7.09% | 6.33% | 4.84% |
Drawdowns
IBBQ vs. LIFE.TO - Drawdown Comparison
The maximum IBBQ drawdown since its inception was -37.94%, which is greater than LIFE.TO's maximum drawdown of -27.44%. Use the drawdown chart below to compare losses from any high point for IBBQ and LIFE.TO.
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Drawdown Indicators
| IBBQ | LIFE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.94% | -20.04% | -17.90% |
Max Drawdown (1Y)Largest decline over 1 year | -10.97% | -9.72% | -1.25% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.33% | — |
Current DrawdownCurrent decline from peak | -3.69% | -8.24% | +4.55% |
Average DrawdownAverage peak-to-trough decline | -17.32% | -4.19% | -13.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 4.92% | -1.84% |
Volatility
IBBQ vs. LIFE.TO - Volatility Comparison
Invesco Nasdaq Biotechnology ETF (IBBQ) has a higher volatility of 8.54% compared to Evolve Global Healthcare Enhanced Yield Fund (LIFE.TO) at 4.24%. This indicates that IBBQ's price experiences larger fluctuations and is considered to be riskier than LIFE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBBQ | LIFE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.54% | 4.24% | +4.30% |
Volatility (6M)Calculated over the trailing 6-month period | 14.23% | 10.34% | +3.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.45% | 18.04% | +5.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.89% | 16.02% | +5.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.89% | 17.61% | +4.28% |