Correlation
The correlation between PINK and IBB is 0.70, 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.
PINK vs. IBB
Compare and contrast key facts about Simplify Health Care ETF (PINK) and iShares Nasdaq Biotechnology ETF (IBB).
PINK and IBB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PINK is an actively managed fund by Simplify. It was launched on Oct 7, 2021. IBB is a passively managed fund by iShares that tracks the performance of the NASDAQ Biotechnology Index. It was launched on Feb 5, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PINK or IBB.
Performance
PINK vs. IBB - Performance Comparison
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Key characteristics
PINK:
-0.14
IBB:
-0.41
PINK:
-0.14
IBB:
-0.51
PINK:
0.98
IBB:
0.94
PINK:
-0.19
IBB:
-0.30
PINK:
-0.45
IBB:
-1.13
PINK:
7.98%
IBB:
9.46%
PINK:
18.65%
IBB:
22.78%
PINK:
-18.77%
IBB:
-62.85%
PINK:
-13.36%
IBB:
-29.53%
Returns By Period
In the year-to-date period, PINK achieves a -3.04% return, which is significantly higher than IBB's -7.00% return.
PINK
-3.04%
-0.97%
-9.78%
-2.52%
3.89%
N/A
N/A
IBB
-7.00%
-0.30%
-12.28%
-9.20%
1.22%
-1.21%
0.33%
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PINK vs. IBB - Expense Ratio Comparison
PINK has a 0.50% expense ratio, which is higher than IBB's 0.47% expense ratio.
Risk-Adjusted Performance
PINK vs. IBB — Risk-Adjusted Performance Rank
PINK
IBB
PINK vs. IBB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Health Care ETF (PINK) and iShares Nasdaq Biotechnology ETF (IBB). 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.
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Dividends
PINK vs. IBB - Dividend Comparison
PINK's dividend yield for the trailing twelve months is around 0.40%, more than IBB's 0.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PINK Simplify Health Care ETF | 0.40% | 0.32% | 0.94% | 0.42% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBB iShares Nasdaq Biotechnology ETF | 0.31% | 0.29% | 0.26% | 0.31% | 0.21% | 0.20% | 0.17% | 0.19% | 0.30% | 0.19% | 0.03% | 0.15% |
Drawdowns
PINK vs. IBB - Drawdown Comparison
The maximum PINK drawdown since its inception was -18.77%, smaller than the maximum IBB drawdown of -62.85%. Use the drawdown chart below to compare losses from any high point for PINK and IBB.
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Volatility
PINK vs. IBB - Volatility Comparison
The current volatility for Simplify Health Care ETF (PINK) is 7.12%, while iShares Nasdaq Biotechnology ETF (IBB) has a volatility of 10.05%. This indicates that PINK experiences smaller price fluctuations and is considered to be less risky than IBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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