TMED vs. IBBQ
TMED (T. Rowe Price Health Care ETF) and IBBQ (Invesco Nasdaq Biotechnology ETF) are both Health & Biotech Equities funds. Their correlation of 0.84 suggests significant overlap in exposure. TMED charges 0.44%/yr vs 0.00%/yr for IBBQ.
Performance
TMED vs. IBBQ - Performance Comparison
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Returns By Period
In the year-to-date period, TMED achieves a 3.87% return, which is significantly higher than IBBQ's 1.91% return.
TMED
- 1D
- 1.04%
- 1M
- 2.47%
- YTD
- 3.87%
- 6M
- 4.17%
- 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*
- —
TMED vs. IBBQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TMED T. Rowe Price Health Care ETF | 3.87% | 18.92% |
IBBQ Invesco Nasdaq Biotechnology ETF | 1.91% | 32.65% |
Correlation
The correlation between TMED and IBBQ is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025 | 0.84 |
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Return for Risk
TMED vs. IBBQ — Risk / Return Rank
TMED
IBBQ
TMED vs. IBBQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Health Care ETF (TMED) 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.
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Sharpe Ratios by Period
| TMED | 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 | 1.35 | 0.16 | +1.20 |
Drawdowns
TMED vs. IBBQ - Drawdown Comparison
The maximum TMED drawdown since its inception was -11.11%, smaller than the maximum IBBQ drawdown of -37.94%. Use the drawdown chart below to compare losses from any high point for TMED and IBBQ.
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Drawdown Indicators
| TMED | IBBQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.11% | -37.94% | +26.83% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.34% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.66% | — |
Current DrawdownCurrent decline from peak | -2.75% | -5.17% | +2.42% |
Average DrawdownAverage peak-to-trough decline | -2.59% | -16.82% | +14.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.54% | — |
Volatility
TMED vs. IBBQ - Volatility Comparison
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Volatility by Period
| TMED | 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 | 18.04% | 19.63% | -1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.04% | 21.86% | -3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 21.86% | -3.82% |
TMED vs. IBBQ - Expense Ratio Comparison
TMED has a 0.44% expense ratio, which is higher than IBBQ's 0.00% expense ratio.
Dividends
TMED vs. IBBQ - Dividend Comparison
TMED's dividend yield for the trailing twelve months is around 0.52%, 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% |
TMED T. Rowe Price Health Care ETF | 0.52% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TMED and IBBQ have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
IBBQ is cheaper with a 0.00% expense ratio, compared with 0.44% for TMED.
IBBQ has the higher dividend yield at 0.87%, compared with 0.52% for TMED.
They also come from different issuers: T. Rowe Price and Invesco. Their fees differ too: 0.44% for TMED and 0.00% for IBBQ.
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