PTH vs. BIB

Last updated Jun 4, 2026

PTH (Invesco DWA Healthcare Momentum ETF) and BIB (ProShares Ultra Nasdaq Biotechnology) are both exchange-traded funds - PTH is a Momentum fund tracking the Dorsey Wright Healthcare Technical Leaders Index, while BIB is a Leveraged Equities fund tracking the NASDAQ Biotechnology Index (200%). Both are passively managed. Over the past 10 years, PTH returned 12.78%/yr vs 5.68%/yr for BIB. Their correlation of 0.81 suggests significant overlap in exposure. PTH charges 0.60%/yr vs 0.95%/yr for BIB.

Performance

PTH vs. BIB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Healthcare Momentum ETF (PTH) and ProShares Ultra Nasdaq Biotechnology (BIB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTH achieves a -1.13% return, which is significantly lower than BIB's -0.51% return. Over the past 10 years, PTH has outperformed BIB with an annualized return of 12.78%, while BIB has yielded a comparatively lower 5.68% annualized return.

PTH

• 1D: 1.64%
• 1M: -4.72%
• YTD: -1.13%
• 6M: -4.72%
• 1Y: 34.27%
• 3Y*: 8.31%
• 5Y*: -0.77%
• 10Y*: 12.78%

BIB

• 1D: 3.49%
• 1M: -3.84%
• YTD: -0.51%
• 6M: -3.00%
• 1Y: 76.61%
• 3Y*: 14.49%
• 5Y*: -1.02%
• 10Y*: 5.68%

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

PTH vs. BIB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PTH Invesco DWA Healthcare Momentum ETF	-1.13%	27.91%	2.36%	-4.54%	-20.61%	-3.20%	67.26%	34.45%	-1.23%	50.15%
BIB ProShares Ultra Nasdaq Biotechnology	-0.51%	59.21%	-9.84%	-1.06%	-28.85%	-6.02%	39.79%	46.71%	-24.93%	40.49%

Correlation

The correlation between PTH and BIB is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Apr 9, 2010	0.81

The correlation between PTH and BIB has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.

PTH vs. BIB - Sectors Allocation Comparison

Sectors	PTH	BIB
Healthcare	100.0%	63.8%
Financial Services	0.1%	7.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

PTH vs. BIB — Risk / Return Rank

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

PTH

PTH Risk / Return Rank: 45
PTH Sharpe Ratio Rank: 42
PTH Sortino Ratio Rank: 43
PTH Omega Ratio Rank: 39
PTH Calmar Ratio Rank: 58
PTH Martin Ratio Rank: 45

BIB

BIB Risk / Return Rank: 63
BIB Sharpe Ratio Rank: 57
BIB Sortino Ratio Rank: 53
BIB Omega Ratio Rank: 48
BIB Calmar Ratio Rank: 84
BIB Martin Ratio Rank: 76

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.

PTH vs. BIB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Healthcare Momentum ETF (PTH) and ProShares Ultra Nasdaq Biotechnology (BIB). 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.

	PTH	BIB	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.95	-0.47
Sortino ratio: Return per unit of downside risk	2.17	2.58	-0.40
Omega ratio: Gain probability vs. loss probability	1.26	1.30	-0.04
Calmar ratio: Return relative to maximum drawdown	2.87	4.55	-1.68
Martin ratio: Return relative to average drawdown	7.37	14.49	-7.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTH vs. BIB - Sharpe Ratio Comparison

The current PTH Sharpe Ratio is 1.48, which is comparable to the BIB Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of PTH and BIB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PTH	BIB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	1.95	-0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	-0.02	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.12	+0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.34	+0.06

Drawdowns

PTH vs. BIB - Drawdown Comparison

The maximum PTH drawdown since its inception was -53.52%, smaller than the maximum BIB drawdown of -67.24%. Use the drawdown chart below to compare losses from any high point for PTH and BIB.

Drawdown Indicators

	PTH	BIB	Difference
Max Drawdown Largest peak-to-trough decline	-53.52%	-67.24%	+13.72%
Max Drawdown (1Y) Largest decline over 1 year	-11.98%	-16.92%	+4.94%
Max Drawdown (3Y) Largest decline over 3 years	-28.70%	-45.30%	+16.60%
Max Drawdown (5Y) Largest decline over 5 years	-50.07%	-65.86%	+15.79%
Max Drawdown (10Y) Largest decline over 10 years	-53.52%	-66.20%	+12.68%
Current Drawdown Current decline from peak	-19.32%	-26.85%	+7.53%
Average Drawdown Average peak-to-trough decline	-17.00%	-32.74%	+15.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.66%	5.30%	-0.64%

Volatility

PTH vs. BIB - Volatility Comparison

The current volatility for Invesco DWA Healthcare Momentum ETF (PTH) is 8.84%, while ProShares Ultra Nasdaq Biotechnology (BIB) has a volatility of 13.91%. This indicates that PTH experiences smaller price fluctuations and is considered to be less risky than BIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTH	BIB	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.84%	13.91%	-5.07%
Volatility (6M) Calculated over the trailing 6-month period	17.83%	30.57%	-12.74%
Volatility (1Y) Calculated over the trailing 1-year period	23.31%	39.59%	-16.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.49%	43.56%	-18.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.24%	46.50%	-19.26%

PTH vs. BIB - Expense Ratio Comparison

PTH has a 0.60% expense ratio, which is lower than BIB's 0.95% expense ratio.

Dividends

PTH vs. BIB - Dividend Comparison

PTH's dividend yield for the trailing twelve months is around 3.11%, more than BIB's 0.62% yield.

Position	TTM	2025	2024	2023	2022
BIB ProShares Ultra Nasdaq Biotechnology	0.62%	0.77%	1.69%	0.07%	0.03%
PTH Invesco DWA Healthcare Momentum ETF	3.11%	3.07%	0.06%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PTH and BIB in my portfolio?

PTH and BIB have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTH or BIB?

BIB has higher volatility (13.91%) compared to PTH (8.84%). In terms of maximum drawdown, PTH dropped -53.52% vs BIB's -67.24%.

Which ETF is better, PTH or BIB?

On 10-year performance, PTH leads with 12.78% vs 5.68% for BIB. On fees, PTH is cheaper at 0.60% per year. On volatility, PTH has been the lower-risk option at 8.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTH or BIB?

Over the 10-year period, PTH has performed better with a 12.78% return vs 5.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTH or BIB?

PTH is cheaper with a 0.60% expense ratio, compared with 0.95% for BIB.

Which ETF pays a higher dividend yield, PTH or BIB?

PTH has the higher dividend yield at 3.11%, compared with 0.62% for BIB.

What is the main difference between PTH and BIB?

PTH is categorized as Momentum, while BIB is Leveraged Equities. PTH tracks Dorsey Wright Healthcare Technical Leaders Index, while BIB tracks NASDAQ Biotechnology Index (200%). They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.60% for PTH and 0.95% for BIB.

Which has better risk-adjusted returns?

BIB currently has the higher Sharpe Ratio (1.95 vs 1.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.