IBBQ vs. SPFFX

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco Nasdaq Biotechnology ETF (IBBQ) and Sphere 500 Fossil Free Fund (SPFFX).

IBBQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ / Biotechnology. It was launched on Jun 11, 2021. SPFFX is managed by Reflection Asset Management. It was launched on Oct 3, 2021.

Performance

IBBQ vs. SPFFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Nasdaq Biotechnology ETF (IBBQ) and Sphere 500 Fossil Free Fund (SPFFX). The values are adjusted to include any dividend payments, if applicable.

IBBQ vs. SPFFX - 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%	-3.47%
SPFFX Sphere 500 Fossil Free Fund	-9.28%	18.12%	25.13%	29.48%	-20.03%	9.04%

Returns By Period

In the year-to-date period, IBBQ achieves a 2.22% return, which is significantly higher than SPFFX's -9.28% return.

IBBQ

• 1D: 4.45%
• 1M: -3.34%
• YTD: 2.22%
• 6M: 19.77%
• 1Y: 38.16%
• 3Y*: 12.99%
• 5Y*: —
• 10Y*: —

SPFFX

• 1D: -0.33%
• 1M: -8.34%
• YTD: -9.28%
• 6M: -7.06%
• 1Y: 13.01%
• 3Y*: 17.09%
• 5Y*: —
• 10Y*: —

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

IBBQ vs. SPFFX - Expense Ratio Comparison

IBBQ has a 0.00% expense ratio, which is lower than SPFFX's 0.11% 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%.

SPFFX

Sphere 500 Fossil Free Fund

IBBQ

Invesco Nasdaq Biotechnology ETF

Return for Risk

IBBQ vs. SPFFX — Risk / Return Rank

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

IBBQ

IBBQ Risk / Return Rank: 86
IBBQ Sharpe Ratio Rank: 85
IBBQ Sortino Ratio Rank: 86
IBBQ Omega Ratio Rank: 77
IBBQ Calmar Ratio Rank: 90
IBBQ Martin Ratio Rank: 90

SPFFX

SPFFX Risk / Return Rank: 34
SPFFX Sharpe Ratio Rank: 32
SPFFX Sortino Ratio Rank: 34
SPFFX Omega Ratio Rank: 36
SPFFX Calmar Ratio Rank: 33
SPFFX Martin Ratio Rank: 37

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. SPFFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Biotechnology ETF (IBBQ) and Sphere 500 Fossil Free Fund (SPFFX). 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	SPFFX	Difference
Sharpe ratio Return per unit of total volatility	1.64	0.71	+0.93
Sortino ratio Return per unit of downside risk	2.24	1.14	+1.10
Omega ratio Gain probability vs. loss probability	1.29	1.17	+0.12
Calmar ratio Return relative to maximum drawdown	2.99	0.91	+2.08
Martin ratio Return relative to average drawdown	11.55	3.88	+7.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBBQ vs. SPFFX - Sharpe Ratio Comparison

The current IBBQ Sharpe Ratio is 1.64, which is higher than the SPFFX Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of IBBQ and SPFFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IBBQ	SPFFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	0.71	+0.93
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.57	-0.40

Correlation

The correlation between IBBQ and SPFFX is 0.61, 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. SPFFX - Dividend Comparison

IBBQ's dividend yield for the trailing twelve months is around 0.87%, less than SPFFX's 7.50% yield.

	TTM	2025	2024	2023	2022	2021
IBBQ Invesco Nasdaq Biotechnology ETF	0.87%	0.90%	1.14%	0.81%	0.76%	0.63%
SPFFX Sphere 500 Fossil Free Fund	7.50%	6.80%	1.06%	1.32%	0.73%	0.14%

Drawdowns

IBBQ vs. SPFFX - Drawdown Comparison

The maximum IBBQ drawdown since its inception was -37.94%, which is greater than SPFFX's maximum drawdown of -25.11%. Use the drawdown chart below to compare losses from any high point for IBBQ and SPFFX.

Drawdown Indicators

	IBBQ	SPFFX	Difference
Max Drawdown Largest peak-to-trough decline	-37.94%	-25.11%	-12.83%
Max Drawdown (1Y) Largest decline over 1 year	-10.97%	-12.14%	+1.17%
Current Drawdown Current decline from peak	-3.69%	-10.75%	+7.06%
Average Drawdown Average peak-to-trough decline	-17.32%	-6.60%	-10.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	2.86%	+0.22%

Volatility

IBBQ vs. SPFFX - Volatility Comparison

Invesco Nasdaq Biotechnology ETF (IBBQ) has a higher volatility of 8.54% compared to Sphere 500 Fossil Free Fund (SPFFX) at 4.70%. This indicates that IBBQ's price experiences larger fluctuations and is considered to be riskier than SPFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBBQ	SPFFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.54%	4.70%	+3.84%
Volatility (6M) Calculated over the trailing 6-month period	14.23%	10.07%	+4.16%
Volatility (1Y) Calculated over the trailing 1-year period	23.45%	19.14%	+4.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.89%	17.24%	+4.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.89%	17.24%	+4.65%