PBE vs. IBBQ
PBE (Invesco Dynamic Biotechnology & Genome ETF) and IBBQ (Invesco Nasdaq Biotechnology ETF) are both Health & Biotech Equities funds from Invesco - PBE tracks the Dynamic Biotech & Genome Intellidex Index (AMEX) while IBBQ tracks the Nasdaq Biotechnology Index. Both are passively managed. Over the past 5 years, PBE returned 3.98%/yr vs 5.42%/yr for IBBQ. Their correlation of 0.90 means they have usually moved in the same direction. PBE charges 0.59%/yr vs 0.19%/yr for IBBQ.
Performance
PBE vs. IBBQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PBE achieves a 10.26% return, which is significantly lower than IBBQ's 13.32% return.
PBE
- 1D
- -1.64%
- 1M
- -2.64%
- 6M
- 10.64%
- YTD
- 10.26%
- 1Y
- 39.36%
- 3Y*
- 13.77%
- 5Y*
- 3.98%
- 10Y*
- 8.19%
- ALL TIME*
- 9.16%
IBBQ
- 1D
- -1.84%
- 1M
- -4.55%
- 6M
- 10.60%
- YTD
- 13.32%
- 1Y
- 44.71%
- 3Y*
- 17.25%
- 5Y*
- 5.42%
- 10Y*
- —
- ALL TIME*
- 5.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $517.67K | $836.57K | $727.46K | |
| $494.21K | $657.50K | $547.45K |
PBE vs. IBBQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PBE Invesco Dynamic Biotechnology & Genome ETF | 10.26% | 24.84% | 1.10% | 3.71% | -10.83% | -7.94% |
IBBQ Invesco Nasdaq Biotechnology ETF | 13.32% | 33.32% | -0.63% | 4.73% | -10.41% | -6.24% |
Correlation
The correlation between PBE and IBBQ is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021 | 0.90 |
The correlation between PBE and IBBQ has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
PBE vs. IBBQ - Sectors Allocation Comparison
Sectors
PBE
IBBQ
Healthcare
Financial Services
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
Consumer Defensive
-
Energy
-
-
Industrials
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Healthcare
PBE
IBBQ
Financial Services
PBE
IBBQ
Basic Materials
PBE
-
IBBQ
-
Communication Services
PBE
-
IBBQ
-
Consumer Cyclical
PBE
-
IBBQ
Consumer Defensive
PBE
-
IBBQ
Energy
PBE
-
IBBQ
-
Industrials
PBE
-
IBBQ
Real Estate
PBE
-
IBBQ
-
Technology
PBE
-
IBBQ
-
Utilities
PBE
-
IBBQ
-
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PBE vs. IBBQ — Risk / Return Rank
PBE
IBBQ
PBE vs. IBBQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Biotechnology & Genome ETF (PBE) 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.
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.
| PBE | IBBQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 5.49 | -2.07 |
| Martin ratioReturn relative to average drawdown | 9.57 | 15.87 | -6.30 |
Loading charts...
Drawdowns
PBE vs. IBBQ - Drawdown Comparison
The maximum PBE drawdown since its inception was -45.69%, which is greater than IBBQ's maximum drawdown of -37.94%. Use the drawdown chart below to compare losses from any high point for PBE and IBBQ.
Loading charts...
Drawdown Indicators
| PBE | IBBQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.69% | -37.94% | -7.75% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -8.34% | -3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -22.43% | -23.66% | +1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -34.71% | -37.94% | +3.23% |
Max Drawdown (10Y)Largest decline over 10 years | -37.84% | — | — |
Current DrawdownCurrent decline from peak | -3.83% | -6.14% | +2.31% |
Average DrawdownAverage peak-to-trough decline | -16.13% | -16.38% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | 2.88% | +1.30% |
Volatility
PBE vs. IBBQ - Volatility Comparison
The current volatility for Invesco Dynamic Biotechnology & Genome ETF (PBE) is 5.60%, while Invesco Nasdaq Biotechnology ETF (IBBQ) has a volatility of 6.31%. This indicates that PBE experiences smaller price fluctuations and is considered to be less risky than IBBQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PBE | IBBQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 6.31% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 13.56% | 15.72% | -2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.83% | 20.18% | -1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.50% | 21.98% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.73% | 21.85% | +2.88% |
PBE vs. IBBQ - Expense Ratio Comparison
PBE has a 0.59% expense ratio, which is higher than IBBQ's 0.19% expense ratio.
Dividends
PBE vs. IBBQ - Dividend Comparison
PBE's dividend yield for the trailing twelve months is around 1.73%, more than IBBQ's 0.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBBQ Invesco Nasdaq Biotechnology ETF | 0.80% | 0.90% | 1.14% | 0.81% | 0.76% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PBE Invesco Dynamic Biotechnology & Genome ETF | 1.73% | 1.00% | 0.05% | 0.02% | 0.00% | 0.00% | 0.04% | 0.00% | 0.00% | 0.57% | 0.38% | 1.12% |
Frequently Asked Questions
PBE and IBBQ have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBBQ has higher volatility (6.31%) compared to PBE (5.60%). In terms of maximum drawdown, PBE dropped -45.69% vs IBBQ's -37.94%.
On 5-year performance, IBBQ leads with 5.42% vs 3.98% for PBE. On fees, IBBQ is cheaper at 0.19% per year. On volatility, PBE has been the lower-risk option at 5.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IBBQ has performed better with a 5.42% return vs 3.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBBQ is cheaper with a 0.19% expense ratio, compared with 0.59% for PBE.
PBE has the higher dividend yield at 1.73%, compared with 0.80% for IBBQ.
PBE tracks Dynamic Biotech & Genome Intellidex Index (AMEX), while IBBQ tracks Nasdaq Biotechnology Index. Their fees differ too: 0.59% for PBE and 0.19% for IBBQ.
IBBQ currently has the higher Sharpe Ratio (2.27 vs 2.13), 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.
Find the right allocation for PBE and IBBQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer