PBE vs. QQQ
Compare and contrast key facts about Invesco Dynamic Biotechnology & Genome ETF (PBE) and Invesco QQQ (QQQ).
PBE and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both PBE and QQQ 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 QQQ.
Key characteristics
| PBE | QQQ | |
|---|---|---|
| YTD Return | 5.55% | 21.73% |
| 1Y Return | 29.67% | 42.44% |
| 3Y Return (Ann) | -2.54% | 9.48% |
| 5Y Return (Ann) | 5.94% | 20.93% |
| 10Y Return (Ann) | 3.60% | 18.21% |
| Sharpe Ratio | 1.62 | 2.51 |
| Sortino Ratio | 2.37 | 3.25 |
| Omega Ratio | 1.28 | 1.45 |
| Calmar Ratio | 0.87 | 3.18 |
| Martin Ratio | 7.72 | 11.66 |
| Ulcer Index | 4.05% | 3.70% |
| Daily Std Dev | 19.28% | 17.16% |
| Max Drawdown | -45.69% | -82.98% |
| Current Drawdown | -17.06% | -1.17% |
Correlation
The correlation between PBE and QQQ is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PBE vs. QQQ - Performance Comparison
In the year-to-date period, PBE achieves a 5.55% return, which is significantly lower than QQQ's 21.73% return. Over the past 10 years, PBE has underperformed QQQ with an annualized return of 3.60%, while QQQ has yielded a comparatively higher 18.21% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PBE vs. QQQ - Expense Ratio Comparison
PBE has a 0.59% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
PBE vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Biotechnology & Genome ETF (PBE) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
PBE's dividend yield for the trailing twelve months is around 0.05%, less than QQQ's 0.61% 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% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
PBE vs. QQQ - Drawdown Comparison
The maximum PBE drawdown since its inception was -45.69%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PBE and QQQ. For additional features, visit the drawdowns tool.
Volatility
PBE vs. QQQ - Volatility Comparison
Invesco Dynamic Biotechnology & Genome ETF (PBE) has a higher volatility of 4.66% compared to Invesco QQQ (QQQ) at 3.68%. This indicates that PBE's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.