IBBQ vs. RSP
Compare and contrast key facts about Invesco Nasdaq Biotechnology ETF (IBBQ) and Invesco S&P 500 Equal Weight ETF (RSP).
IBBQ and RSP 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. RSP is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Apr 24, 2003. Both IBBQ and RSP 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. RSP - Performance Comparison
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IBBQ vs. RSP - 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% |
RSP Invesco S&P 500 Equal Weight ETF | 0.62% | 11.21% | 12.79% | 13.70% | -11.62% | 7.96% |
Returns By Period
In the year-to-date period, IBBQ achieves a 2.22% return, which is significantly higher than RSP's 0.62% return.
IBBQ
- 1D
- 4.45%
- 1M
- -3.34%
- YTD
- 2.22%
- 6M
- 19.77%
- 1Y
- 38.16%
- 3Y*
- 12.99%
- 5Y*
- —
- 10Y*
- —
RSP
- 1D
- 2.05%
- 1M
- -5.97%
- YTD
- 0.62%
- 6M
- 2.01%
- 1Y
- 12.65%
- 3Y*
- 11.72%
- 5Y*
- 7.81%
- 10Y*
- 11.17%
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IBBQ vs. RSP - Expense Ratio Comparison
IBBQ has a 0.00% expense ratio, which is lower than RSP's 0.20% 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%.
Return for Risk
IBBQ vs. RSP — Risk / Return Rank
IBBQ
RSP
IBBQ vs. RSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Biotechnology ETF (IBBQ) and Invesco S&P 500 Equal Weight ETF (RSP). 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 | RSP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.64 | 0.74 | +0.90 |
Sortino ratioReturn per unit of downside risk | 2.24 | 1.15 | +1.09 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.16 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.99 | 1.08 | +1.91 |
Martin ratioReturn relative to average drawdown | 11.55 | 4.89 | +6.66 |
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 | RSP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 0.74 | +0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.55 | -0.38 |
Correlation
The correlation between IBBQ and RSP is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
IBBQ vs. RSP - Dividend Comparison
IBBQ's dividend yield for the trailing twelve months is around 0.87%, less than RSP's 1.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RSP Invesco S&P 500 Equal Weight ETF | 1.62% | 1.64% | 1.52% | 1.64% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% |
Drawdowns
IBBQ vs. RSP - Drawdown Comparison
The maximum IBBQ drawdown since its inception was -37.94%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for IBBQ and RSP.
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Drawdown Indicators
| IBBQ | RSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.94% | -59.92% | +21.98% |
Max Drawdown (1Y)Largest decline over 1 year | -10.97% | -12.54% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.04% | — |
Current DrawdownCurrent decline from peak | -3.69% | -5.97% | +2.28% |
Average DrawdownAverage peak-to-trough decline | -17.32% | -6.69% | -10.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 2.78% | +0.30% |
Volatility
IBBQ vs. RSP - Volatility Comparison
Invesco Nasdaq Biotechnology ETF (IBBQ) has a higher volatility of 8.54% compared to Invesco S&P 500 Equal Weight ETF (RSP) at 4.47%. This indicates that IBBQ's price experiences larger fluctuations and is considered to be riskier than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBBQ | RSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.54% | 4.47% | +4.07% |
Volatility (6M)Calculated over the trailing 6-month period | 14.23% | 8.83% | +5.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.45% | 17.17% | +6.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.89% | 16.20% | +5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.89% | 18.36% | +3.53% |