PBPH vs. IBBQ

Last updated Jun 4, 2026

PBPH (Portfolio Building Block World Pharma and Biotech Index ETF) and IBBQ (Invesco Nasdaq Biotechnology ETF) are both Health & Biotech Equities funds - PBPH tracks the BITA Global Pharma and Biotech Select Index while IBBQ tracks the NASDAQ / Biotechnology. Both are passively managed. A 0.79 correlation means they provide meaningful diversification when combined. PBPH charges 0.13%/yr vs 0.00%/yr for IBBQ.

Performance

PBPH vs. IBBQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Portfolio Building Block World Pharma and Biotech Index ETF (PBPH) and Invesco Nasdaq Biotechnology ETF (IBBQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBPH achieves a -1.13% return, which is significantly lower than IBBQ's 1.91% return.

PBPH

• 1D: 0.58%
• 1M: 0.07%
• YTD: -1.13%
• 6M: -0.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBBQ

• 1D: 1.77%
• 1M: -1.63%
• YTD: 1.91%
• 6M: 0.94%
• 1Y: 39.72%
• 3Y*: 12.60%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PBPH vs. IBBQ - Yearly Performance Comparison

	2026 (YTD)	2025
PBPH Portfolio Building Block World Pharma and Biotech Index ETF	-1.13%	0.76%
IBBQ Invesco Nasdaq Biotechnology ETF	1.91%	-0.95%

Correlation

The correlation between PBPH and IBBQ is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025	0.79

Return for Risk

PBPH vs. IBBQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBBQ

IBBQ Risk / Return Rank: 67
IBBQ Sharpe Ratio Rank: 59
IBBQ Sortino Ratio Rank: 60
IBBQ Omega Ratio Rank: 54
IBBQ Calmar Ratio Rank: 85
IBBQ Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PBPH vs. IBBQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Portfolio Building Block World Pharma and Biotech Index ETF (PBPH) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PBPH	IBBQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	0.16	-0.20

Drawdowns

PBPH vs. IBBQ - Drawdown Comparison

The maximum PBPH drawdown since its inception was -11.10%, smaller than the maximum IBBQ drawdown of -37.94%. Use the drawdown chart below to compare losses from any high point for PBPH and IBBQ.

Drawdown Indicators

	PBPH	IBBQ	Difference
Max Drawdown Largest peak-to-trough decline	-11.10%	-37.94%	+26.84%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.34%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.66%	—
Current Drawdown Current decline from peak	-8.69%	-5.17%	-3.52%
Average Drawdown Average peak-to-trough decline	-4.23%	-16.82%	+12.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.54%	—

Volatility

Volatility by Period

	PBPH	IBBQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.78%	19.63%	-2.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.78%	21.86%	-5.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.78%	21.86%	-5.08%

PBPH vs. IBBQ - Expense Ratio Comparison

PBPH has a 0.13% expense ratio, which is higher than IBBQ's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

PBPH vs. IBBQ - Dividend Comparison

PBPH's dividend yield for the trailing twelve months is around 0.09%, less than IBBQ's 0.87% yield.

Position	TTM	2025	2024	2023	2022	2021
IBBQ Invesco Nasdaq Biotechnology ETF	0.87%	0.90%	1.14%	0.81%	0.76%	0.63%
PBPH Portfolio Building Block World Pharma and Biotech Index ETF	0.09%	0.09%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PBPH and IBBQ in my portfolio?

PBPH and IBBQ have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PBPH or IBBQ?

On fees, IBBQ is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PBPH or IBBQ?

IBBQ is cheaper with a 0.00% expense ratio, compared with 0.13% for PBPH.

Which ETF pays a higher dividend yield, PBPH or IBBQ?

IBBQ has the higher dividend yield at 0.87%, compared with 0.09% for PBPH.

What is the main difference between PBPH and IBBQ?

PBPH tracks BITA Global Pharma and Biotech Select Index, while IBBQ tracks NASDAQ / Biotechnology. They also come from different issuers: Portfolio Building Block and Invesco. Their fees differ too: 0.13% for PBPH and 0.00% for IBBQ.