IBBQ vs. XBI
Compare and contrast key facts about Invesco Nasdaq Biotechnology ETF (IBBQ) and SPDR S&P Biotech ETF (XBI).
IBBQ and XBI 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. XBI is a passively managed fund by State Street that tracks the performance of the S&P Biotechnology Select Industry Index. It was launched on Feb 6, 2006. Both IBBQ and XBI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBBQ or XBI.
Performance
IBBQ vs. XBI - Performance Comparison
Returns By Period
In the year-to-date period, IBBQ achieves a 2.63% return, which is significantly lower than XBI's 5.76% return.
IBBQ
2.63%
-6.27%
1.23%
18.35%
N/A
N/A
XBI
5.76%
-4.04%
5.72%
29.73%
1.44%
4.95%
Key characteristics
| IBBQ | XBI | |
|---|---|---|
| Sharpe Ratio | 1.06 | 1.18 |
| Sortino Ratio | 1.54 | 1.73 |
| Omega Ratio | 1.19 | 1.21 |
| Calmar Ratio | 0.64 | 0.54 |
| Martin Ratio | 4.71 | 3.96 |
| Ulcer Index | 4.02% | 7.86% |
| Daily Std Dev | 17.92% | 26.34% |
| Max Drawdown | -37.94% | -63.89% |
| Current Drawdown | -16.47% | -45.70% |
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IBBQ vs. XBI - Expense Ratio Comparison
IBBQ has a 0.00% expense ratio, which is lower than XBI's 0.35% expense ratio.
Correlation
The correlation between IBBQ and XBI is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IBBQ vs. XBI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Biotechnology ETF (IBBQ) and SPDR S&P Biotech ETF (XBI). 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.
Dividends
IBBQ vs. XBI - Dividend Comparison
IBBQ's dividend yield for the trailing twelve months is around 1.06%, more than XBI's 0.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBBQ Invesco Nasdaq Biotechnology ETF | 1.06% | 0.81% | 0.76% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XBI SPDR S&P Biotech ETF | 0.15% | 0.02% | 0.00% | 0.04% | 0.20% | 0.00% | 0.28% | 0.24% | 0.26% | 0.61% | 1.07% | 0.17% |
Drawdowns
IBBQ vs. XBI - Drawdown Comparison
The maximum IBBQ drawdown since its inception was -37.94%, smaller than the maximum XBI drawdown of -63.89%. Use the drawdown chart below to compare losses from any high point for IBBQ and XBI. For additional features, visit the drawdowns tool.
Volatility
IBBQ vs. XBI - Volatility Comparison
The current volatility for Invesco Nasdaq Biotechnology ETF (IBBQ) is 6.87%, while SPDR S&P Biotech ETF (XBI) has a volatility of 8.40%. This indicates that IBBQ experiences smaller price fluctuations and is considered to be less risky than XBI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.