PBE vs. PBPH
PBE (Invesco Dynamic Biotechnology & Genome ETF) and PBPH (Portfolio Building Block World Pharma and Biotech Index ETF) are both Health & Biotech Equities funds - PBE tracks the Dynamic Biotech & Genome Intellidex Index (AMEX) while PBPH tracks the BITA Global Pharma and Biotech Select Index. Both are passively managed. Their 0.75 correlation means they have sometimes moved together and sometimes differently. PBE charges 0.59%/yr vs 0.13%/yr for PBPH.
Performance
PBE vs. PBPH - Performance Comparison
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Returns By Period
In the year-to-date period, PBE achieves a 10.26% return, which is significantly higher than PBPH's 7.71% 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%
PBPH
- 1D
- -1.24%
- 1M
- -2.58%
- 6M
- 4.02%
- YTD
- 7.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $494.21K | $657.50K | $547.45K | |
| $2.67M | $4.96M | $3.73M |
PBE vs. PBPH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PBE Invesco Dynamic Biotechnology & Genome ETF | 10.26% | 1.44% |
PBPH Portfolio Building Block World Pharma and Biotech Index ETF | 7.71% | 0.74% |
Correlation
The correlation between PBE and PBPH is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025 | 0.75 |
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Return for Risk
PBE vs. PBPH — Risk / Return Rank
PBE
PBPH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PBE vs. PBPH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Biotechnology & Genome ETF (PBE) and Portfolio Building Block World Pharma and Biotech Index ETF (PBPH). 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 | PBPH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | — | — |
| Martin ratioReturn relative to average drawdown | 9.57 | — | — |
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Drawdowns
PBE vs. PBPH - Drawdown Comparison
The maximum PBE drawdown since its inception was -45.69%, which is greater than PBPH's maximum drawdown of -11.10%. Use the drawdown chart below to compare losses from any high point for PBE and PBPH.
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Drawdown Indicators
| PBE | PBPH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.69% | -11.10% | -34.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -22.43% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.84% | — | — |
Current DrawdownCurrent decline from peak | -3.83% | -3.03% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -16.13% | -4.04% | -12.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | — | — |
Volatility
PBE vs. PBPH - Volatility Comparison
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Volatility by Period
| PBE | PBPH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.56% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.83% | 17.84% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.50% | 17.84% | +4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.73% | 17.84% | +6.89% |
PBE vs. PBPH - Expense Ratio Comparison
PBE has a 0.59% expense ratio, which is higher than PBPH's 0.13% expense ratio.
Dividends
PBE vs. PBPH - Dividend Comparison
PBE's dividend yield for the trailing twelve months is around 1.73%, more than PBPH's 0.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PBPH Portfolio Building Block World Pharma and Biotech Index ETF | 0.08% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PBE and PBPH have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PBPH is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PBPH is cheaper with a 0.13% expense ratio, compared with 0.59% for PBE.
PBE has the higher dividend yield at 1.73%, compared with 0.08% for PBPH.
PBE tracks Dynamic Biotech & Genome Intellidex Index (AMEX), while PBPH tracks BITA Global Pharma and Biotech Select Index. They also come from different issuers: Invesco and Portfolio Building Block. Their fees differ too: 0.59% for PBE and 0.13% for PBPH.
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