IBBQ vs. UNHW

Last updated Jun 4, 2026

IBBQ (Invesco Nasdaq Biotechnology ETF) and UNHW (Roundhill UNH WeeklyPay ETF) are both exchange-traded funds - IBBQ is a Health & Biotech Equities fund tracking the NASDAQ / Biotechnology, while UNHW is a Leveraged Equities fund actively managed by Roundhill Investments. IBBQ is passively managed, while UNHW is actively managed. At a 0.18 correlation, their price movements are largely independent. IBBQ charges 0.00%/yr vs 0.99%/yr for UNHW.

Performance

IBBQ vs. UNHW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Nasdaq Biotechnology ETF (IBBQ) and Roundhill UNH WeeklyPay ETF (UNHW). 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 UNHW's 15.08% return.

IBBQ

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

UNHW

• 1D: 0.06%
• 1M: 2.06%
• YTD: 15.08%
• 6M: 11.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBBQ vs. UNHW - Yearly Performance Comparison

	2026 (YTD)	2025
IBBQ Invesco Nasdaq Biotechnology ETF	1.91%	-0.95%
UNHW Roundhill UNH WeeklyPay ETF	15.08%	-3.02%

Correlation

The correlation between IBBQ and UNHW is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.18

IBBQ vs. UNHW - Sectors Allocation Comparison

Sectors	IBBQ	UNHW
Healthcare	98.3%	33.4%
Financial Services	0.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

IBBQ vs. UNHW — 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

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. UNHW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Biotechnology ETF (IBBQ) and Roundhill UNH WeeklyPay ETF (UNHW). 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	UNHW	Difference
Sharpe ratio Return per unit of total volatility	2.03	—	—
Sortino ratio Return per unit of downside risk	2.86	—	—
Omega ratio Gain probability vs. loss probability	1.34	—	—
Calmar ratio Return relative to maximum drawdown	4.79	—	—
Martin ratio Return relative to average drawdown	15.68	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IBBQ	UNHW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.50	-0.35

Drawdowns

IBBQ vs. UNHW - Drawdown Comparison

The maximum IBBQ drawdown since its inception was -37.94%, which is greater than UNHW's maximum drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for IBBQ and UNHW.

Drawdown Indicators

	IBBQ	UNHW	Difference
Max Drawdown Largest peak-to-trough decline	-37.94%	-32.28%	-5.66%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.66%	—	—
Current Drawdown Current decline from peak	-5.17%	-7.06%	+1.89%
Average Drawdown Average peak-to-trough decline	-16.82%	-12.48%	-4.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	—	—

Volatility

Volatility by Period

	IBBQ	UNHW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.63%	49.81%	-30.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.86%	49.81%	-27.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.86%	49.81%	-27.95%

IBBQ vs. UNHW - Expense Ratio Comparison

IBBQ has a 0.00% expense ratio, which is lower than UNHW's 0.99% expense ratio.

Dividends

IBBQ vs. UNHW - Dividend Comparison

IBBQ's dividend yield for the trailing twelve months is around 0.87%, less than UNHW's 17.33% yield.

Position	TTM	2025	2024	2023	2022	2021
IBBQ Invesco Nasdaq Biotechnology ETF	0.87%	0.90%	1.14%	0.81%	0.76%	0.63%
UNHW Roundhill UNH WeeklyPay ETF	17.33%	2.81%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBBQ and UNHW in my portfolio?

IBBQ and UNHW have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBBQ or UNHW?

On fees, IBBQ is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBBQ or UNHW?

IBBQ is cheaper with a 0.00% expense ratio, compared with 0.99% for UNHW.

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

UNHW has the higher dividend yield at 17.33%, compared with 0.87% for IBBQ.

What is the main difference between IBBQ and UNHW?

IBBQ is categorized as Health & Biotech Equities, while UNHW is Leveraged Equities. They also come from different issuers: Invesco and Roundhill Investments. Their fees differ too: 0.00% for IBBQ and 0.99% for UNHW.