IBBQ vs. PBPH
IBBQ (Invesco Nasdaq Biotechnology ETF) and PBPH (Portfolio Building Block World Pharma and Biotech Index ETF) are both Health & Biotech Equities funds - IBBQ tracks the Nasdaq Biotechnology Index while PBPH tracks the BITA Global Pharma and Biotech Select Index. Both are passively managed. Their 0.76 correlation means they have sometimes moved together and sometimes differently. IBBQ charges 0.19%/yr vs 0.13%/yr for PBPH.
Performance
IBBQ vs. PBPH - Performance Comparison
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Returns By Period
In the year-to-date period, IBBQ achieves a 13.32% return, which is significantly higher than PBPH's 7.71% return.
IBBQ
- 1D
- -1.84%
- 1M
- -4.55%
- 6M
- 10.60%
- YTD
- 13.32%
- 1Y
- 44.71%
- 3Y*
- 17.25%
- 5Y*
- 5.42%
- 10Y*
- —
- ALL TIME*
- 5.57%
PBPH
- 1D
- -1.24%
- 1M
- -2.58%
- 6M
- 4.02%
- YTD
- 7.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $517.67K | $836.57K | $727.46K | |
| $2.67M | $4.96M | $3.73M |
IBBQ vs. PBPH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBBQ Invesco Nasdaq Biotechnology ETF | 13.32% | 0.41% |
PBPH Portfolio Building Block World Pharma and Biotech Index ETF | 7.71% | 0.74% |
Correlation
The correlation between IBBQ and PBPH is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025 | 0.76 |
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Return for Risk
IBBQ vs. PBPH — Risk / Return Rank
IBBQ
PBPH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBBQ vs. PBPH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Biotechnology ETF (IBBQ) and Portfolio Building Block World Pharma and Biotech Index ETF (PBPH). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBBQ | PBPH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.37 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.49 | — | — |
| Martin ratioReturn relative to average drawdown | 15.87 | — | — |
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Drawdowns
IBBQ vs. PBPH - Drawdown Comparison
The maximum IBBQ drawdown since its inception was -37.94%, which is greater than PBPH's maximum drawdown of -11.10%. Use the drawdown chart below to compare losses from any high point for IBBQ and PBPH.
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Drawdown Indicators
| IBBQ | PBPH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.94% | -11.10% | -26.84% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -23.66% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.94% | — | — |
Current DrawdownCurrent decline from peak | -6.14% | -3.03% | -3.11% |
Average DrawdownAverage peak-to-trough decline | -16.38% | -4.04% | -12.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | — | — |
Volatility
IBBQ vs. PBPH - Volatility Comparison
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Volatility by Period
| IBBQ | PBPH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.31% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.72% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.18% | 17.84% | +2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.98% | 17.84% | +4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.85% | 17.84% | +4.01% |
IBBQ vs. PBPH - Expense Ratio Comparison
IBBQ has a 0.19% expense ratio, which is higher than PBPH's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBBQ vs. PBPH - Dividend Comparison
IBBQ's dividend yield for the trailing twelve months is around 0.80%, more than PBPH's 0.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IBBQ Invesco Nasdaq Biotechnology ETF | 0.80% | 0.90% | 1.14% | 0.81% | 0.76% | 0.63% |
PBPH Portfolio Building Block World Pharma and Biotech Index ETF | 0.08% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBBQ and PBPH have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PBPH is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PBPH is cheaper with a 0.13% expense ratio, compared with 0.19% for IBBQ.
IBBQ has the higher dividend yield at 0.80%, compared with 0.08% for PBPH.
IBBQ tracks Nasdaq Biotechnology Index, while PBPH tracks BITA Global Pharma and Biotech Select Index. They also come from different issuers: Invesco and Portfolio Building Block. Their fees differ too: 0.19% for IBBQ and 0.13% for PBPH.
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