IBBQ vs. RBIL

Last updated Jun 24, 2026

IBBQ (Invesco Nasdaq Biotechnology ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - IBBQ is a Health & Biotech Equities fund tracking the NASDAQ / Biotechnology, while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. Both are passively managed. Over the past year, IBBQ returned 48.86% vs 4.07% for RBIL. At a correlation of -0.23, they often move in opposite directions. IBBQ charges 0.00%/yr vs 0.17%/yr for RBIL.

Performance

IBBQ vs. RBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Nasdaq Biotechnology ETF (IBBQ) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBBQ achieves a 8.67% return, which is significantly higher than RBIL's 2.32% return.

IBBQ

• 1D: 0.93%
• 1M: 5.09%
• YTD: 8.67%
• 6M: 7.00%
• 1Y: 48.86%
• 3Y*: 15.18%
• 5Y*: 4.77%
• 10Y*: —

RBIL

• 1D: 0.01%
• 1M: -0.19%
• YTD: 2.32%
• 6M: 2.37%
• 1Y: 4.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBBQ vs. RBIL - Yearly Performance Comparison

	2026 (YTD)	2025
IBBQ Invesco Nasdaq Biotechnology ETF	8.67%	25.73%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	2.32%	2.85%

Correlation

The correlation between IBBQ and RBIL is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.26
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025	-0.23

Return for Risk

IBBQ vs. RBIL — Risk / Return Rank

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

IBBQ

IBBQ Risk / Return Rank: 83
IBBQ Sharpe Ratio Rank: 81
IBBQ Sortino Ratio Rank: 80
IBBQ Omega Ratio Rank: 71
IBBQ Calmar Ratio Rank: 92
IBBQ Martin Ratio Rank: 89

RBIL

RBIL Risk / Return Rank: 97
RBIL Sharpe Ratio Rank: 97
RBIL Sortino Ratio Rank: 98
RBIL Omega Ratio Rank: 98
RBIL Calmar Ratio Rank: 96
RBIL Martin Ratio Rank: 97

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. RBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Biotechnology ETF (IBBQ) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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	RBIL	Difference
Sharpe ratio: Return per unit of total volatility	2.45	4.35	-1.90
Sortino ratio: Return per unit of downside risk	3.36	6.69	-3.33
Omega ratio: Gain probability vs. loss probability	1.40	2.13	-0.73
Calmar ratio: Return relative to maximum drawdown	5.89	7.82	-1.93
Martin ratio: Return relative to average drawdown	18.75	42.95	-24.20

IBBQ vs. RBIL - Sharpe Ratio Comparison

The current IBBQ Sharpe Ratio is 2.45, which is lower than the RBIL Sharpe Ratio of 4.35. The chart below compares the historical Sharpe Ratios of IBBQ and RBIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IBBQ vs. RBIL - Drawdown Comparison

The maximum IBBQ drawdown since its inception was -37.94%, which is greater than RBIL's maximum drawdown of -0.52%. Use the drawdown chart below to compare losses from any high point for IBBQ and RBIL.

Drawdown Indicators

	IBBQ	RBIL	Difference
Max Drawdown Largest peak-to-trough decline	-37.94%	-0.52%	-37.42%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-0.52%	-7.82%
Max Drawdown (3Y) Largest decline over 3 years	-23.66%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-37.94%	—	—
Current Drawdown Current decline from peak	0.00%	-0.50%	+0.50%
Average Drawdown Average peak-to-trough decline	-16.66%	-0.07%	-16.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	0.10%	+2.51%

Volatility

IBBQ vs. RBIL - Volatility Comparison

Invesco Nasdaq Biotechnology ETF (IBBQ) has a higher volatility of 6.82% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.36%. This indicates that IBBQ's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBBQ	RBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.82%	0.36%	+6.46%
Volatility (6M) Calculated over the trailing 6-month period	15.72%	0.85%	+14.87%
Volatility (1Y) Calculated over the trailing 1-year period	20.03%	0.95%	+19.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.92%	1.07%	+20.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.87%	1.07%	+20.80%

IBBQ vs. RBIL - Expense Ratio Comparison

IBBQ has a 0.00% expense ratio, which is lower than RBIL's 0.17% 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. RBIL - Dividend Comparison

IBBQ's dividend yield for the trailing twelve months is around 0.83%, less than RBIL's 4.38% yield.

Position	TTM	2025	2024	2023	2022	2021
IBBQ Invesco Nasdaq Biotechnology ETF	0.83%	0.90%	1.14%	0.81%	0.76%	0.63%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	4.38%	3.65%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBBQ and RBIL in my portfolio?

IBBQ and RBIL have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBBQ or RBIL?

IBBQ has higher volatility (6.82%) compared to RBIL (0.36%). In terms of maximum drawdown, IBBQ dropped -37.94% vs RBIL's -0.52%.

Which ETF is better, IBBQ or RBIL?

On 1-year performance, IBBQ leads with 48.86% vs 4.07% for RBIL. On fees, IBBQ is cheaper at 0.00% per year. On volatility, RBIL has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBBQ or RBIL?

Over the 1-year period, IBBQ has performed better with a 48.86% return vs 4.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBBQ or RBIL?

IBBQ is cheaper with a 0.00% expense ratio, compared with 0.17% for RBIL.

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

RBIL has the higher dividend yield at 4.38%, compared with 0.83% for IBBQ.

What is the main difference between IBBQ and RBIL?

IBBQ is categorized as Health & Biotech Equities, while RBIL is Inflation-Protected Bonds. IBBQ tracks NASDAQ / Biotechnology, while RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index. They also come from different issuers: Invesco and F/m. Their fees differ too: 0.00% for IBBQ and 0.17% for RBIL.

Which has better risk-adjusted returns?

RBIL currently has the higher Sharpe Ratio (4.35 vs 2.45), 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.