IBBQ vs. SPHD

Last updated Jun 4, 2026

IBBQ (Invesco Nasdaq Biotechnology ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - IBBQ is a Health & Biotech Equities fund tracking the NASDAQ / Biotechnology, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Both are passively managed. Over the past 3 years, IBBQ returned 12.60%/yr vs 11.42%/yr for SPHD. At a 0.45 correlation, their price movements are largely independent. IBBQ charges 0.00%/yr vs 0.30%/yr for SPHD.

Performance

IBBQ vs. SPHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Nasdaq Biotechnology ETF (IBBQ) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBBQ achieves a 1.91% return, which is significantly lower than SPHD's 4.38% return.

IBBQ

• 1D: 1.77%
• 1M: -1.63%
• YTD: 1.91%
• 6M: 0.94%
• 1Y: 39.72%
• 3Y*: 12.60%
• 5Y*: —
• 10Y*: —

SPHD

• 1D: -0.89%
• 1M: -0.82%
• YTD: 4.38%
• 6M: 4.63%
• 1Y: 8.12%
• 3Y*: 11.42%
• 5Y*: 5.48%
• 10Y*: 7.08%

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

IBBQ vs. SPHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IBBQ Invesco Nasdaq Biotechnology ETF	1.91%	33.32%	-0.63%	4.73%	-10.41%	-6.72%
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	4.38%	3.41%	18.08%	1.32%	0.58%	0.22%

Correlation

The correlation between IBBQ and SPHD is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jun 14, 2021	0.45

IBBQ vs. SPHD - Sectors Allocation Comparison

Sectors	IBBQ	SPHD
Healthcare	98.3%	5.1%
Financial Services	0.0%	15.6%
Basic Materials	-	-
Communication Services	-	8.6%
Consumer Cyclical	-	3.4%
Consumer Defensive	-	17.8%
Energy	-	14.1%
Industrials	-	0.0%
Real Estate	-	20.1%
Technology	-	1.5%
Utilities	-	13.7%

Return for Risk

IBBQ vs. SPHD — 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: 59
IBBQ Sortino Ratio Rank: 60
IBBQ Omega Ratio Rank: 54
IBBQ Calmar Ratio Rank: 85
IBBQ Martin Ratio Rank: 79

SPHD

SPHD Risk / Return Rank: 21
SPHD Sharpe Ratio Rank: 21
SPHD Sortino Ratio Rank: 21
SPHD Omega Ratio Rank: 19
SPHD Calmar Ratio Rank: 23
SPHD Martin Ratio Rank: 22

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. SPHD - 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® High Dividend Low Volatility ETF (SPHD). 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	SPHD	Difference
Sharpe ratio: Return per unit of total volatility	2.03	0.74	+1.30
Sortino ratio: Return per unit of downside risk	2.86	1.15	+1.71
Omega ratio: Gain probability vs. loss probability	1.34	1.13	+0.21
Calmar ratio: Return relative to maximum drawdown	4.79	1.11	+3.68
Martin ratio: Return relative to average drawdown	15.68	2.78	+12.90
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. SPHD - Sharpe Ratio Comparison

The current IBBQ Sharpe Ratio is 2.03, which is higher than the SPHD Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of IBBQ and SPHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IBBQ	SPHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	0.74	+1.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.39	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.58	-0.42

Drawdowns

IBBQ vs. SPHD - Drawdown Comparison

The maximum IBBQ drawdown since its inception was -37.94%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for IBBQ and SPHD.

Drawdown Indicators

	IBBQ	SPHD	Difference
Max Drawdown Largest peak-to-trough decline	-37.94%	-41.39%	+3.45%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-7.33%	-1.01%
Max Drawdown (3Y) Largest decline over 3 years	-23.66%	-13.29%	-10.37%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.39%	—
Current Drawdown Current decline from peak	-5.17%	-5.37%	+0.20%
Average Drawdown Average peak-to-trough decline	-16.82%	-4.70%	-12.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	2.93%	-0.39%

Volatility

IBBQ vs. SPHD - Volatility Comparison

Invesco Nasdaq Biotechnology ETF (IBBQ) has a higher volatility of 6.84% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 2.99%. This indicates that IBBQ's price experiences larger fluctuations and is considered to be riskier than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBBQ	SPHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.84%	2.99%	+3.85%
Volatility (6M) Calculated over the trailing 6-month period	15.14%	7.55%	+7.59%
Volatility (1Y) Calculated over the trailing 1-year period	19.63%	11.04%	+8.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.86%	14.16%	+7.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.86%	17.64%	+4.22%

IBBQ vs. SPHD - Expense Ratio Comparison

IBBQ has a 0.00% expense ratio, which is lower than SPHD's 0.30% expense ratio.

Dividends

IBBQ vs. SPHD - Dividend Comparison

IBBQ's dividend yield for the trailing twelve months is around 0.87%, less than SPHD's 4.62% yield.

Position	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%
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	4.62%	4.02%	3.41%	4.48%	3.89%	3.45%	4.89%	4.07%	4.40%	3.14%	3.83%	3.49%

Frequently Asked Questions

Can I hold both IBBQ and SPHD in my portfolio?

IBBQ and SPHD have a correlation of 0.38, 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 SPHD?

IBBQ has higher volatility (6.84%) compared to SPHD (2.99%). In terms of maximum drawdown, IBBQ dropped -37.94% vs SPHD's -41.39%.

Which ETF is better, IBBQ or SPHD?

On 3-year performance, IBBQ leads with 12.60% vs 11.42% for SPHD. On fees, IBBQ is cheaper at 0.00% per year. On volatility, SPHD has been the lower-risk option at 2.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBBQ or SPHD?

Over the 3-year period, IBBQ has performed better with a 12.60% return vs 11.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBBQ or SPHD?

IBBQ is cheaper with a 0.00% expense ratio, compared with 0.30% for SPHD.

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

SPHD has the higher dividend yield at 4.62%, compared with 0.87% for IBBQ.

What is the main difference between IBBQ and SPHD?

IBBQ is categorized as Health & Biotech Equities, while SPHD is Dividend. IBBQ tracks NASDAQ / Biotechnology, while SPHD tracks S&P 500 Low Volatility High Dividend Index. Their fees differ too: 0.00% for IBBQ and 0.30% for SPHD.

Which has better risk-adjusted returns?

IBBQ currently has the higher Sharpe Ratio (2.03 vs 0.74), 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.