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IBBQ vs. PBE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IBBQ vs. PBE

Last updated Jun 4, 2026

IBBQ (Invesco Nasdaq Biotechnology ETF) and PBE (Invesco Dynamic Biotechnology & Genome ETF) are both Health & Biotech Equities funds from Invesco - IBBQ tracks the NASDAQ / Biotechnology while PBE tracks the Dynamic Biotech & Genome Intellidex Index (AMEX). Both are passively managed. Over the past 3 years, IBBQ returned 12.60%/yr vs 10.44%/yr for PBE. Their correlation of 0.90 suggests significant overlap in exposure. IBBQ charges 0.00%/yr vs 0.59%/yr for PBE.

Performance

IBBQ vs. PBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Nasdaq Biotechnology ETF (IBBQ) and Invesco Dynamic Biotechnology & Genome ETF (PBE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IBBQ achieves a 1.91% return, which is significantly higher than PBE's 0.58% return.

IBBQ

1D
1.77%
1M
-1.63%
YTD
1.91%
6M
0.94%
1Y
39.72%
3Y*
12.60%
5Y*
—
10Y*
—

PBE

1D
2.04%
1M
2.68%
YTD
0.58%
6M
1.15%
1Y
30.26%
3Y*
10.44%
5Y*
3.06%
10Y*
7.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IBBQ vs. PBE - Yearly Performance Comparison

2026 (YTD)20252024202320222021
IBBQ
Invesco Nasdaq Biotechnology ETF		1.91%33.32%-0.63%4.73%-10.41%-6.72%
PBE
Invesco Dynamic Biotechnology & Genome ETF		0.58%24.84%1.10%3.71%-10.83%-7.77%

Correlation

The correlation between IBBQ and PBE is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.88

Correlation (3Y)
Calculated over the trailing 3-year period

0.89

Correlation (All Time)
Calculated using the full available price history since Jun 14, 2021

0.90

The correlation between IBBQ and PBE has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.

IBBQ vs. PBE - Sectors Allocation Comparison

Sectors
IBBQ
PBE

Healthcare

98.3%
100.0%

Financial Services

0.0%
0.0%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Healthcare

IBBQ
98.3%
PBE
100.0%

Financial Services

IBBQ
0.0%
PBE
0.0%

Basic Materials

IBBQ

-

PBE

-

Communication Services

IBBQ

-

PBE

-

Consumer Cyclical

IBBQ

-

PBE

-

Consumer Defensive

IBBQ

-

PBE

-

Energy

IBBQ

-

PBE

-

Industrials

IBBQ

-

PBE

-

Real Estate

IBBQ

-

PBE

-

Technology

IBBQ

-

PBE

-

Utilities

IBBQ

-

PBE

-

Compare stocks, funds, or ETFs

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Invesco Nasdaq Biotechnology ETF

Invesco Dynamic Biotechnology & Genome ETF

Often compared with IBBQ:
IBBQ vs. IBBIBBQ vs. XBIIBBQ vs. BBHIBBQ vs. GNOMIBBQ vs. BTECIBBQ vs. BBCIBBQ vs. BBP
Often compared with PBE:
PBE vs. BBHPBE vs. XBIPBE vs. ARKGPBE vs. IDNAPBE vs. IBBPBE vs. PJPPBE vs. FBT

Return for Risk

IBBQ vs. PBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IBBQ
IBBQ Risk / Return Rank: 6767
Overall Rank
IBBQ Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
IBBQ Sortino Ratio Rank: 6060
Sortino Ratio Rank
IBBQ Omega Ratio Rank: 5454
Omega Ratio Rank
IBBQ Calmar Ratio Rank: 8585
Calmar Ratio Rank
IBBQ Martin Ratio Rank: 7979
Martin Ratio Rank
PBE
PBE Risk / Return Rank: 4747
Overall Rank
PBE Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
PBE Sortino Ratio Rank: 4949
Sortino Ratio Rank
PBE Omega Ratio Rank: 4444
Omega Ratio Rank
PBE Calmar Ratio Rank: 5252
Calmar Ratio Rank
PBE Martin Ratio Rank: 4444
Martin Ratio Rank
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. PBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Biotechnology ETF (IBBQ) and Invesco Dynamic Biotechnology & Genome ETF (PBE). 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.

IBBQPBEDifference
Sharpe ratioReturn per unit of total volatility
2.03
1.63

+0.41

Sortino ratioReturn per unit of downside risk
2.86
2.44

+0.42

Omega ratioGain probability vs. loss probability

1.34

1.28

+0.06

Calmar ratioReturn relative to maximum drawdown

4.79

2.59

+2.20

Martin ratioReturn relative to average drawdown

15.68

7.27

+8.41

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. PBE - Sharpe Ratio Comparison

The current IBBQ Sharpe Ratio is 2.03, which is comparable to the PBE Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of IBBQ and PBE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IBBQPBEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.03

1.63

+0.41

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.14

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.30

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.16

0.32

-0.17

Drawdowns

IBBQ vs. PBE - Drawdown Comparison

The maximum IBBQ drawdown since its inception was -37.94%, smaller than the maximum PBE drawdown of -45.69%. Use the drawdown chart below to compare losses from any high point for IBBQ and PBE.

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Drawdown Indicators

IBBQPBEDifference

Max Drawdown

Largest peak-to-trough decline

-37.94%

-45.69%

+7.75%

Max Drawdown (1Y)

Largest decline over 1 year

-8.34%

-11.73%

+3.39%

Max Drawdown (3Y)

Largest decline over 3 years

-23.66%

-22.43%

-1.23%

Max Drawdown (5Y)

Largest decline over 5 years

—

-34.71%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.84%

—

Current Drawdown

Current decline from peak

-5.17%

-3.62%

-1.55%

Average Drawdown

Average peak-to-trough decline

-16.82%

-16.24%

-0.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.54%

4.17%

-1.63%

Volatility

IBBQ vs. PBE - Volatility Comparison

Invesco Nasdaq Biotechnology ETF (IBBQ) has a higher volatility of 6.84% compared to Invesco Dynamic Biotechnology & Genome ETF (PBE) at 5.63%. This indicates that IBBQ's price experiences larger fluctuations and is considered to be riskier than PBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IBBQPBEDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.84%

5.63%

+1.21%

Volatility (6M)

Calculated over the trailing 6-month period

15.14%

13.27%

+1.87%

Volatility (1Y)

Calculated over the trailing 1-year period

19.63%

18.71%

+0.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.86%

22.54%

-0.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.86%

24.92%

-3.06%

IBBQ vs. PBE - Expense Ratio Comparison

IBBQ has a 0.00% expense ratio, which is lower than PBE's 0.59% expense ratio.

Dividends

IBBQ vs. PBE - Dividend Comparison

IBBQ's dividend yield for the trailing twelve months is around 0.87%, less than PBE's 1.05% yield.

PositionTTM20252024202320222021202020192018201720162015
IBBQ
Invesco Nasdaq Biotechnology ETF		0.87%0.90%1.14%0.81%0.76%0.63%0.00%0.00%0.00%0.00%0.00%0.00%
PBE
Invesco Dynamic Biotechnology & Genome ETF		1.05%1.00%0.05%0.02%0.00%0.00%0.04%0.00%0.00%0.57%0.38%1.12%

Frequently Asked Questions

IBBQ and PBE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IBBQ has higher volatility (6.84%) compared to PBE (5.63%). In terms of maximum drawdown, IBBQ dropped -37.94% vs PBE's -45.69%.

On 3-year performance, IBBQ leads with 12.60% vs 10.44% for PBE. On fees, IBBQ is cheaper at 0.00% per year. On volatility, PBE has been the lower-risk option at 5.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, IBBQ has performed better with a 12.60% return vs 10.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IBBQ is cheaper with a 0.00% expense ratio, compared with 0.59% for PBE.

PBE has the higher dividend yield at 1.05%, compared with 0.87% for IBBQ.

IBBQ tracks NASDAQ / Biotechnology, while PBE tracks Dynamic Biotech & Genome Intellidex Index (AMEX). Their fees differ too: 0.00% for IBBQ and 0.59% for PBE.

IBBQ currently has the higher Sharpe Ratio (2.03 vs 1.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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