PBE vs. XBI
Compare and contrast key facts about Invesco Dynamic Biotechnology & Genome ETF (PBE) and SPDR S&P Biotech ETF (XBI).
PBE and XBI 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. XBI is a passively managed fund by State Street that tracks the performance of the S&P Biotechnology Select Industry Index. It was launched on Feb 6, 2006. Both PBE and XBI 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 XBI.
Key characteristics
| PBE | XBI | |
|---|---|---|
| YTD Return | 5.55% | 10.38% |
| 1Y Return | 29.67% | 48.83% |
| 3Y Return (Ann) | -2.54% | -7.58% |
| 5Y Return (Ann) | 5.94% | 3.40% |
| 10Y Return (Ann) | 3.60% | 5.81% |
| Sharpe Ratio | 1.62 | 1.88 |
| Sortino Ratio | 2.37 | 2.60 |
| Omega Ratio | 1.28 | 1.31 |
| Calmar Ratio | 0.87 | 0.83 |
| Martin Ratio | 7.72 | 6.63 |
| Ulcer Index | 4.05% | 7.72% |
| Daily Std Dev | 19.28% | 27.24% |
| Max Drawdown | -45.69% | -63.89% |
| Current Drawdown | -17.06% | -43.33% |
Correlation
The correlation between PBE and XBI is 0.90, 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. XBI - Performance Comparison
In the year-to-date period, PBE achieves a 5.55% return, which is significantly lower than XBI's 10.38% return. Over the past 10 years, PBE has underperformed XBI with an annualized return of 3.60%, while XBI has yielded a comparatively higher 5.81% 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. XBI - Expense Ratio Comparison
PBE has a 0.59% expense ratio, which is higher than XBI's 0.35% expense ratio.
Risk-Adjusted Performance
PBE vs. XBI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Biotechnology & Genome ETF (PBE) and SPDR S&P Biotech ETF (XBI). 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. XBI - Dividend Comparison
PBE's dividend yield for the trailing twelve months is around 0.05%, less than XBI's 0.15% 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% |
XBI SPDR S&P Biotech ETF | 0.15% | 0.02% | 0.00% | 0.04% | 0.20% | 0.00% | 0.28% | 0.24% | 0.26% | 0.61% | 1.07% | 0.17% |
Drawdowns
PBE vs. XBI - Drawdown Comparison
The maximum PBE drawdown since its inception was -45.69%, smaller than the maximum XBI drawdown of -63.89%. Use the drawdown chart below to compare losses from any high point for PBE and XBI. For additional features, visit the drawdowns tool.
Volatility
PBE vs. XBI - Volatility Comparison
Invesco Dynamic Biotechnology & Genome ETF (PBE) and SPDR S&P Biotech ETF (XBI) have volatilities of 4.66% and 4.84%, 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.