IEZ vs. IBBQ
Compare and contrast key facts about iShares U.S. Oil Equipment & Services ETF (IEZ) and Invesco Nasdaq Biotechnology ETF (IBBQ).
IEZ and IBBQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEZ is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Oil Equipment & Services Index. It was launched on May 5, 2006. IBBQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ / Biotechnology. It was launched on Jun 11, 2021. Both IEZ and IBBQ 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: IEZ or IBBQ.
Key characteristics
| IEZ | IBBQ | |
|---|---|---|
| YTD Return | -1.29% | 12.67% |
| 1Y Return | -0.87% | 33.22% |
| 3Y Return (Ann) | 13.53% | 0.61% |
| Sharpe Ratio | -0.02 | 1.68 |
| Sortino Ratio | 0.15 | 2.39 |
| Omega Ratio | 1.02 | 1.29 |
| Calmar Ratio | -0.01 | 0.94 |
| Martin Ratio | -0.06 | 7.85 |
| Ulcer Index | 10.79% | 3.72% |
| Daily Std Dev | 27.04% | 17.33% |
| Max Drawdown | -92.52% | -37.94% |
| Current Drawdown | -67.01% | -8.30% |
Correlation
The correlation between IEZ and IBBQ is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IEZ vs. IBBQ - Performance Comparison
In the year-to-date period, IEZ achieves a -1.29% return, which is significantly lower than IBBQ's 12.67% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IEZ vs. IBBQ - Expense Ratio Comparison
IEZ has a 0.42% expense ratio, which is higher than IBBQ's 0.00% expense ratio.
Risk-Adjusted Performance
IEZ vs. IBBQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Oil Equipment & Services ETF (IEZ) and Invesco Nasdaq Biotechnology ETF (IBBQ). 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
IEZ vs. IBBQ - Dividend Comparison
IEZ's dividend yield for the trailing twelve months is around 1.57%, more than IBBQ's 0.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEZ iShares U.S. Oil Equipment & Services ETF | 1.57% | 0.97% | 0.65% | 1.19% | 2.08% | 2.27% | 1.81% | 3.41% | 0.91% | 2.40% | 1.68% | 0.75% |
IBBQ Invesco Nasdaq Biotechnology ETF | 0.97% | 0.81% | 0.76% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IEZ vs. IBBQ - Drawdown Comparison
The maximum IEZ drawdown since its inception was -92.52%, which is greater than IBBQ's maximum drawdown of -37.94%. Use the drawdown chart below to compare losses from any high point for IEZ and IBBQ. For additional features, visit the drawdowns tool.
Volatility
IEZ vs. IBBQ - Volatility Comparison
iShares U.S. Oil Equipment & Services ETF (IEZ) has a higher volatility of 11.06% compared to Invesco Nasdaq Biotechnology ETF (IBBQ) at 4.41%. This indicates that IEZ's price experiences larger fluctuations and is considered to be riskier than IBBQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.