IYF vs. BBP

Last updated Jun 24, 2026

IYF (iShares U.S. Financials ETF) and BBP (Virtus LifeSci Biotech Products ETF) are both exchange-traded funds - IYF is a Financials Equities fund tracking the Dow Jones U.S. Financials Index, while BBP is a Health & Biotech Equities fund tracking the LifeSci Biotechnology Products Index. Both are passively managed. Over the past 10 years, IYF returned 13.90%/yr vs 13.69%/yr for BBP. At a 0.44 correlation, their price movements are largely independent. IYF charges 0.42%/yr vs 0.79%/yr for BBP.

Performance

IYF vs. BBP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Financials ETF (IYF) and Virtus LifeSci Biotech Products ETF (BBP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IYF achieves a 0.92% return, which is significantly lower than BBP's 16.04% return. Both investments have delivered pretty close results over the past 10 years, with IYF having a 13.90% annualized return and BBP not far behind at 13.69%.

IYF

• 1D: 0.41%
• 1M: 4.59%
• YTD: 0.92%
• 6M: -0.33%
• 1Y: 11.89%
• 3Y*: 23.15%
• 5Y*: 11.53%
• 10Y*: 13.90%

BBP

• 1D: 1.20%
• 1M: 7.69%
• YTD: 16.04%
• 6M: 14.38%
• 1Y: 59.95%
• 3Y*: 20.40%
• 5Y*: 11.34%
• 10Y*: 13.69%

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

IYF vs. BBP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IYF iShares U.S. Financials ETF	0.92%	18.25%	31.30%	15.32%	-11.33%	31.60%	-1.00%	31.86%	-9.39%	19.58%
BBP Virtus LifeSci Biotech Products ETF	16.04%	33.15%	3.32%	17.88%	0.85%	-8.17%	22.24%	24.73%	-13.95%	24.07%

Correlation

The correlation between IYF and BBP 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	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Dec 17, 2014	0.44

IYF vs. BBP - Sectors Allocation Comparison

Sectors	IYF	BBP
Financial Services	99.1%	-
Real Estate	0.6%	-
Technology	0.3%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	100.0%
Industrials	-	-
Utilities	-	-

Return for Risk

IYF vs. BBP — Risk / Return Rank

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

IYF

IYF Risk / Return Rank: 22
IYF Sharpe Ratio Rank: 24
IYF Sortino Ratio Rank: 22
IYF Omega Ratio Rank: 22
IYF Calmar Ratio Rank: 20
IYF Martin Ratio Rank: 20

BBP

BBP Risk / Return Rank: 85
BBP Sharpe Ratio Rank: 84
BBP Sortino Ratio Rank: 82
BBP Omega Ratio Rank: 73
BBP Calmar Ratio Rank: 94
BBP Martin Ratio Rank: 91

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.

IYF vs. BBP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Financials ETF (IYF) and Virtus LifeSci Biotech Products ETF (BBP). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IYF	BBP	Difference
Sharpe ratio: Return per unit of total volatility	0.82	2.52	-1.69
Sortino ratio: Return per unit of downside risk	1.19	3.42	-2.23
Omega ratio: Gain probability vs. loss probability	1.15	1.40	-0.25
Calmar ratio: Return relative to maximum drawdown	0.86	6.49	-5.63
Martin ratio: Return relative to average drawdown	2.32	20.18	-17.86

IYF vs. BBP - Sharpe Ratio Comparison

The current IYF Sharpe Ratio is 0.82, which is lower than the BBP Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of IYF and BBP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IYF vs. BBP - Drawdown Comparison

The maximum IYF drawdown since its inception was -79.09%, which is greater than BBP's maximum drawdown of -44.32%. Use the drawdown chart below to compare losses from any high point for IYF and BBP.

Drawdown Indicators

	IYF	BBP	Difference
Max Drawdown Largest peak-to-trough decline	-79.09%	-44.32%	-34.77%
Max Drawdown (1Y) Largest decline over 1 year	-13.88%	-9.28%	-4.60%
Max Drawdown (3Y) Largest decline over 3 years	-16.60%	-26.09%	+9.49%
Max Drawdown (5Y) Largest decline over 5 years	-25.06%	-37.89%	+12.83%
Max Drawdown (10Y) Largest decline over 10 years	-42.57%	-44.32%	+1.75%
Current Drawdown Current decline from peak	-2.17%	0.00%	-2.17%
Average Drawdown Average peak-to-trough decline	-17.58%	-11.98%	-5.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.14%	2.98%	+2.16%

Volatility

IYF vs. BBP - Volatility Comparison

The current volatility for iShares U.S. Financials ETF (IYF) is 4.13%, while Virtus LifeSci Biotech Products ETF (BBP) has a volatility of 6.46%. This indicates that IYF experiences smaller price fluctuations and is considered to be less risky than BBP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IYF	BBP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	6.46%	-2.33%
Volatility (6M) Calculated over the trailing 6-month period	11.19%	18.88%	-7.69%
Volatility (1Y) Calculated over the trailing 1-year period	14.53%	23.96%	-9.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.00%	26.37%	-7.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.84%	27.39%	-6.55%

IYF vs. BBP - Expense Ratio Comparison

IYF has a 0.42% expense ratio, which is lower than BBP's 0.79% expense ratio.

Dividends

IYF vs. BBP - Dividend Comparison

IYF's dividend yield for the trailing twelve months is around 1.48%, while BBP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBP Virtus LifeSci Biotech Products ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.18%	0.00%	1.29%
IYF iShares U.S. Financials ETF	1.48%	1.32%	1.29%	1.67%	1.86%	1.27%	1.72%	1.64%	1.90%	1.46%	1.67%	1.66%

Frequently Asked Questions

Can I hold both IYF and BBP in my portfolio?

IYF and BBP 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, IYF or BBP?

BBP has higher volatility (6.46%) compared to IYF (4.13%). In terms of maximum drawdown, IYF dropped -79.09% vs BBP's -44.32%.

Which ETF is better, IYF or BBP?

On 10-year performance, IYF leads with 13.90% vs 13.69% for BBP. On fees, IYF is cheaper at 0.42% per year. On volatility, IYF has been the lower-risk option at 4.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYF or BBP?

Over the 10-year period, IYF has performed better with a 13.90% return vs 13.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYF or BBP?

IYF is cheaper with a 0.42% expense ratio, compared with 0.79% for BBP.

Which ETF pays a higher dividend yield, IYF or BBP?

IYF has the higher dividend yield at 1.48%, compared with 0.00% for BBP.

What is the main difference between IYF and BBP?

IYF is categorized as Financials Equities, while BBP is Health & Biotech Equities. IYF tracks Dow Jones U.S. Financials Index, while BBP tracks LifeSci Biotechnology Products Index. They also come from different issuers: iShares and Virtus Investment Partners. Their fees differ too: 0.42% for IYF and 0.79% for BBP.

Which has better risk-adjusted returns?

BBP currently has the higher Sharpe Ratio (2.52 vs 0.82), 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.