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PBE vs. FBT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PBE and FBT is 0.89, 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.


-0.50.00.51.00.9

Performance

PBE vs. FBT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dynamic Biotechnology & Genome ETF (PBE) and First Trust Amex Biotechnology Index (FBT). The values are adjusted to include any dividend payments, if applicable.

300.00%400.00%500.00%600.00%700.00%800.00%JulyAugustSeptemberOctoberNovemberDecember
333.63%
749.18%
PBE
FBT

Key characteristics

Sharpe Ratio

PBE:

0.15

FBT:

0.44

Sortino Ratio

PBE:

0.34

FBT:

0.69

Omega Ratio

PBE:

1.04

FBT:

1.09

Calmar Ratio

PBE:

0.10

FBT:

0.34

Martin Ratio

PBE:

0.66

FBT:

1.61

Ulcer Index

PBE:

4.32%

FBT:

4.79%

Daily Std Dev

PBE:

18.88%

FBT:

17.64%

Max Drawdown

PBE:

-45.69%

FBT:

-40.51%

Current Drawdown

PBE:

-21.19%

FBT:

-9.60%

Returns By Period

In the year-to-date period, PBE achieves a 0.29% return, which is significantly lower than FBT's 4.28% return. Over the past 10 years, PBE has underperformed FBT with an annualized return of 2.56%, while FBT has yielded a comparatively higher 4.75% annualized return.


PBE

YTD

0.29%

1M

0.11%

6M

3.51%

1Y

0.75%

5Y*

3.20%

10Y*

2.56%

FBT

YTD

4.28%

1M

1.84%

6M

9.84%

1Y

5.40%

5Y*

1.93%

10Y*

4.75%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


PBE vs. FBT - Expense Ratio Comparison

PBE has a 0.59% expense ratio, which is higher than FBT's 0.57% expense ratio.


PBE
Invesco Dynamic Biotechnology & Genome ETF
Expense ratio chart for PBE: current value at 0.59% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.59%
Expense ratio chart for FBT: current value at 0.57% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.57%

Risk-Adjusted Performance

PBE vs. FBT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Biotechnology & Genome ETF (PBE) and First Trust Amex Biotechnology Index (FBT). 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.


Sharpe ratio
The chart of Sharpe ratio for PBE, currently valued at 0.15, compared to the broader market0.002.004.000.150.44
The chart of Sortino ratio for PBE, currently valued at 0.34, compared to the broader market-2.000.002.004.006.008.0010.000.340.69
The chart of Omega ratio for PBE, currently valued at 1.04, compared to the broader market0.501.001.502.002.503.001.041.09
The chart of Calmar ratio for PBE, currently valued at 0.10, compared to the broader market0.005.0010.0015.000.100.34
The chart of Martin ratio for PBE, currently valued at 0.66, compared to the broader market0.0020.0040.0060.0080.00100.000.661.61
PBE
FBT

The current PBE Sharpe Ratio is 0.15, which is lower than the FBT Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of PBE and FBT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.15
0.44
PBE
FBT

Dividends

PBE vs. FBT - Dividend Comparison

PBE's dividend yield for the trailing twelve months is around 0.05%, while FBT has not paid dividends to shareholders.


TTM2023202220212020201920182017201620152014
PBE
Invesco Dynamic Biotechnology & Genome ETF
0.05%0.02%0.00%0.00%0.04%0.00%0.00%0.57%0.38%1.12%0.55%
FBT
First Trust Amex Biotechnology Index
0.00%0.00%0.00%1.37%0.00%0.00%0.00%0.00%0.00%0.12%0.05%

Drawdowns

PBE vs. FBT - Drawdown Comparison

The maximum PBE drawdown since its inception was -45.69%, which is greater than FBT's maximum drawdown of -40.51%. Use the drawdown chart below to compare losses from any high point for PBE and FBT. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%JulyAugustSeptemberOctoberNovemberDecember
-21.19%
-9.60%
PBE
FBT

Volatility

PBE vs. FBT - Volatility Comparison

Invesco Dynamic Biotechnology & Genome ETF (PBE) and First Trust Amex Biotechnology Index (FBT) have volatilities of 5.96% and 6.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
5.96%
6.19%
PBE
FBT
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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