SBIO vs. IBBQ
Compare and contrast key facts about ALPS Medical Breakthroughs ETF (SBIO) and Invesco Nasdaq Biotechnology ETF (IBBQ).
SBIO and IBBQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SBIO is a passively managed fund by SS&C that tracks the performance of the S-Network Medical Breakthroughs Index. It was launched on Dec 31, 2014. IBBQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ / Biotechnology. It was launched on Jun 11, 2021. Both SBIO and IBBQ 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: SBIO or IBBQ.
Key characteristics
| SBIO | IBBQ | |
|---|---|---|
| YTD Return | 22.12% | 8.34% |
| 1Y Return | 59.83% | 25.40% |
| 3Y Return (Ann) | -4.58% | -0.26% |
| Sharpe Ratio | 2.35 | 1.60 |
| Sortino Ratio | 3.12 | 2.30 |
| Omega Ratio | 1.36 | 1.27 |
| Calmar Ratio | 1.12 | 0.92 |
| Martin Ratio | 8.43 | 7.42 |
| Ulcer Index | 8.13% | 3.73% |
| Daily Std Dev | 29.13% | 17.28% |
| Max Drawdown | -63.06% | -37.94% |
| Current Drawdown | -36.63% | -11.83% |
Correlation
The correlation between SBIO and IBBQ is 0.86, 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
SBIO vs. IBBQ - Performance Comparison
In the year-to-date period, SBIO achieves a 22.12% return, which is significantly higher than IBBQ's 8.34% 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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SBIO vs. IBBQ - Expense Ratio Comparison
SBIO has a 0.50% expense ratio, which is higher than IBBQ's 0.00% expense ratio.
Risk-Adjusted Performance
SBIO vs. IBBQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS Medical Breakthroughs ETF (SBIO) 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.
Dividends
SBIO vs. IBBQ - Dividend Comparison
SBIO's dividend yield for the trailing twelve months is around 0.18%, less than IBBQ's 1.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
SBIO ALPS Medical Breakthroughs ETF | 0.18% | 0.22% | 0.00% | 0.00% | 0.00% | 0.04% | 2.79% | 1.77% |
IBBQ Invesco Nasdaq Biotechnology ETF | 1.01% | 0.81% | 0.76% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SBIO vs. IBBQ - Drawdown Comparison
The maximum SBIO drawdown since its inception was -63.06%, which is greater than IBBQ's maximum drawdown of -37.94%. Use the drawdown chart below to compare losses from any high point for SBIO and IBBQ. For additional features, visit the drawdowns tool.
Volatility
SBIO vs. IBBQ - Volatility Comparison
ALPS Medical Breakthroughs ETF (SBIO) has a higher volatility of 8.33% compared to Invesco Nasdaq Biotechnology ETF (IBBQ) at 4.86%. This indicates that SBIO's price experiences larger fluctuations and is considered to be riskier than IBBQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.