PBE vs. IBB
Compare and contrast key facts about Invesco Dynamic Biotechnology & Genome ETF (PBE) and iShares Nasdaq Biotechnology ETF (IBB).
PBE and IBB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PBE is a passively managed fund by Invesco that tracks the performance of the Dynamic Biotech & Genome Intellidex Index (AMEX). It was launched on Jun 23, 2005. IBB is a passively managed fund by iShares that tracks the performance of the NASDAQ Biotechnology Index. It was launched on Feb 5, 2001. Both PBE and IBB 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: PBE or IBB.
Correlation
The correlation between PBE and IBB is 0.92, 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.
Performance
PBE vs. IBB - Performance Comparison
Key characteristics
PBE:
0.31
IBB:
0.19
PBE:
0.56
IBB:
0.37
PBE:
1.07
IBB:
1.05
PBE:
0.20
IBB:
0.11
PBE:
1.34
IBB:
0.73
PBE:
4.37%
IBB:
4.49%
PBE:
18.58%
IBB:
17.65%
PBE:
-45.69%
IBB:
-62.85%
PBE:
-19.74%
IBB:
-23.93%
Returns By Period
In the year-to-date period, PBE achieves a 2.15% return, which is significantly higher than IBB's -2.03% return. Both investments have delivered pretty close results over the past 10 years, with PBE having a 3.42% annualized return and IBB not far behind at 3.29%.
PBE
2.15%
-0.62%
3.23%
3.91%
3.57%
3.42%
IBB
-2.03%
-1.52%
-3.18%
1.67%
1.97%
3.29%
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PBE vs. IBB - Expense Ratio Comparison
PBE has a 0.59% expense ratio, which is higher than IBB's 0.47% expense ratio.
Risk-Adjusted Performance
PBE vs. IBB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Biotechnology & Genome ETF (PBE) and iShares Nasdaq Biotechnology ETF (IBB). 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
PBE vs. IBB - Dividend Comparison
PBE's dividend yield for the trailing twelve months is around 0.05%, less than IBB's 0.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
IBB iShares Nasdaq Biotechnology ETF | 0.29% | 0.26% | 0.31% | 0.21% | 0.20% | 0.17% | 0.19% | 0.30% | 0.19% | 0.03% | 0.15% | 0.03% |
Drawdowns
PBE vs. IBB - Drawdown Comparison
The maximum PBE drawdown since its inception was -45.69%, smaller than the maximum IBB drawdown of -62.85%. Use the drawdown chart below to compare losses from any high point for PBE and IBB. For additional features, visit the drawdowns tool.
Volatility
PBE vs. IBB - Volatility Comparison
Invesco Dynamic Biotechnology & Genome ETF (PBE) and iShares Nasdaq Biotechnology ETF (IBB) have volatilities of 5.85% and 5.76%, 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.