IBBQ vs. PBPH

Last updated Jun 3, 2026

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 while PBPH tracks the BITA Global Pharma and Biotech Select Index. Both are passively managed. A 0.79 correlation means they provide meaningful diversification when combined. IBBQ charges 0.00%/yr vs 0.13%/yr for PBPH.

Performance

IBBQ vs. PBPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Nasdaq Biotechnology ETF (IBBQ) and Portfolio Building Block World Pharma and Biotech Index ETF (PBPH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBBQ achieves a 0.14% return, which is significantly higher than PBPH's -1.70% return.

IBBQ

• 1D: -2.91%
• 1M: -1.52%
• YTD: 0.14%
• 6M: 1.13%
• 1Y: 38.35%
• 3Y*: 11.95%
• 5Y*: —
• 10Y*: —

PBPH

• 1D: -1.15%
• 1M: -0.61%
• YTD: -1.70%
• 6M: 0.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBBQ vs. PBPH - Yearly Performance Comparison

	2026 (YTD)	2025
IBBQ Invesco Nasdaq Biotechnology ETF	0.14%	-0.95%
PBPH Portfolio Building Block World Pharma and Biotech Index ETF	-1.70%	0.76%

Correlation

The correlation between IBBQ and PBPH is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025	0.79

Return for Risk

IBBQ vs. PBPH — Risk / Return Rank

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

IBBQ

IBBQ Risk / Return Rank: 67
IBBQ Sharpe Ratio Rank: 58
IBBQ Sortino Ratio Rank: 58
IBBQ Omega Ratio Rank: 52
IBBQ Calmar Ratio Rank: 86
IBBQ Martin Ratio Rank: 80

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. 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.

	IBBQ	PBPH	Difference
Sharpe ratio Return per unit of total volatility	1.97	—	—
Sortino ratio Return per unit of downside risk	2.78	—	—
Omega ratio Gain probability vs. loss probability	1.33	—	—
Calmar ratio Return relative to maximum drawdown	4.89	—	—
Martin ratio Return relative to average drawdown	16.17	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IBBQ	PBPH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	-0.11	+0.25

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.

Drawdown Indicators

	IBBQ	PBPH	Difference
Max Drawdown Largest 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%	—	—
Current Drawdown Current decline from peak	-6.82%	-9.22%	+2.40%
Average Drawdown Average peak-to-trough decline	-16.83%	-4.20%	-12.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	—	—

Volatility

Volatility by Period

	IBBQ	PBPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.63%	16.83%	+2.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.85%	16.83%	+5.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.85%	16.83%	+5.02%

IBBQ vs. PBPH - Expense Ratio Comparison

IBBQ has a 0.00% expense ratio, which is lower than PBPH's 0.13% expense ratio. Despite the difference, 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 0.88%, more than PBPH's 0.09% yield.

Position	TTM	2025	2024	2023	2022	2021
IBBQ Invesco Nasdaq Biotechnology ETF	0.88%	0.90%	1.14%	0.81%	0.76%	0.63%
PBPH Portfolio Building Block World Pharma and Biotech Index ETF	0.09%	0.09%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBBQ and PBPH in my portfolio?

IBBQ and PBPH have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBBQ or PBPH?

On fees, IBBQ is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBBQ or PBPH?

IBBQ is cheaper with a 0.00% expense ratio, compared with 0.13% for PBPH.

Which ETF pays a higher dividend yield, IBBQ or PBPH?

IBBQ has the higher dividend yield at 0.88%, compared with 0.09% for PBPH.

What is the main difference between IBBQ and PBPH?

IBBQ tracks NASDAQ / Biotechnology, 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: 0.00% for IBBQ and 0.13% for PBPH.