IBBQ vs. PSCH
Compare and contrast key facts about Invesco Nasdaq Biotechnology ETF (IBBQ) and Invesco S&P SmallCap Health Care ETF (PSCH).
IBBQ and PSCH 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. PSCH is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Health Care Index. It was launched on Apr 7, 2010. Both IBBQ and PSCH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IBBQ vs. PSCH - Performance Comparison
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IBBQ vs. PSCH - 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% |
PSCH Invesco S&P SmallCap Health Care ETF | -6.60% | -0.49% | 3.77% | -2.71% | -25.15% | -5.63% |
Returns By Period
In the year-to-date period, IBBQ achieves a 2.22% return, which is significantly higher than PSCH's -6.60% return.
IBBQ
- 1D
- 4.45%
- 1M
- -3.34%
- YTD
- 2.22%
- 6M
- 19.77%
- 1Y
- 38.16%
- 3Y*
- 12.99%
- 5Y*
- —
- 10Y*
- —
PSCH
- 1D
- 5.03%
- 1M
- -5.05%
- YTD
- -6.60%
- 6M
- -1.10%
- 1Y
- -4.92%
- 3Y*
- -1.84%
- 5Y*
- -7.37%
- 10Y*
- 6.52%
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IBBQ vs. PSCH - Expense Ratio Comparison
IBBQ has a 0.00% expense ratio, which is lower than PSCH's 0.29% expense ratio.
Return for Risk
IBBQ vs. PSCH — Risk / Return Rank
IBBQ
PSCH
IBBQ vs. PSCH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Biotechnology ETF (IBBQ) and Invesco S&P SmallCap Health Care ETF (PSCH). 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 | PSCH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.64 | -0.21 | +1.85 |
Sortino ratioReturn per unit of downside risk | 2.24 | -0.14 | +2.39 |
Omega ratioGain probability vs. loss probability | 1.29 | 0.98 | +0.30 |
Calmar ratioReturn relative to maximum drawdown | 2.99 | -0.10 | +3.10 |
Martin ratioReturn relative to average drawdown | 11.55 | -0.23 | +11.78 |
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 | PSCH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | -0.21 | +1.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.32 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.49 | -0.32 |
Correlation
The correlation between IBBQ and PSCH 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. PSCH - Dividend Comparison
IBBQ's dividend yield for the trailing twelve months is around 0.87%, more than PSCH's 0.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PSCH Invesco S&P SmallCap Health Care ETF | 0.01% | 0.04% | 0.27% | 0.01% | 2.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% |
Drawdowns
IBBQ vs. PSCH - Drawdown Comparison
The maximum IBBQ drawdown since its inception was -37.94%, smaller than the maximum PSCH drawdown of -46.32%. Use the drawdown chart below to compare losses from any high point for IBBQ and PSCH.
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Drawdown Indicators
| IBBQ | PSCH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.94% | -46.32% | +8.38% |
Max Drawdown (1Y)Largest decline over 1 year | -10.97% | -15.36% | +4.39% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.32% | — |
Current DrawdownCurrent decline from peak | -3.69% | -36.32% | +32.63% |
Average DrawdownAverage peak-to-trough decline | -17.32% | -13.26% | -4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 6.77% | -3.69% |
Volatility
IBBQ vs. PSCH - Volatility Comparison
Invesco Nasdaq Biotechnology ETF (IBBQ) and Invesco S&P SmallCap Health Care ETF (PSCH) have volatilities of 8.54% and 8.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBBQ | PSCH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.54% | 8.64% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 14.23% | 14.92% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.45% | 23.58% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.89% | 22.91% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.89% | 23.65% | -1.76% |