XBI vs. IBBQ
Compare and contrast key facts about SPDR S&P Biotech ETF (XBI) and Invesco Nasdaq Biotechnology ETF (IBBQ).
XBI and IBBQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XBI is a passively managed fund by State Street that tracks the performance of the S&P Biotechnology Select Industry Index. It was launched on Feb 6, 2006. IBBQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ / Biotechnology. It was launched on Jun 11, 2021. Both XBI 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: XBI or IBBQ.
Performance
XBI vs. IBBQ - Performance Comparison
Returns By Period
In the year-to-date period, XBI achieves a 5.76% return, which is significantly higher than IBBQ's 2.63% return.
XBI
5.76%
-4.04%
5.72%
29.73%
1.44%
4.95%
IBBQ
2.63%
-6.27%
1.23%
18.35%
N/A
N/A
Key characteristics
| XBI | IBBQ | |
|---|---|---|
| Sharpe Ratio | 1.18 | 1.06 |
| Sortino Ratio | 1.73 | 1.54 |
| Omega Ratio | 1.21 | 1.19 |
| Calmar Ratio | 0.54 | 0.64 |
| Martin Ratio | 3.96 | 4.71 |
| Ulcer Index | 7.86% | 4.02% |
| Daily Std Dev | 26.34% | 17.92% |
| Max Drawdown | -63.89% | -37.94% |
| Current Drawdown | -45.70% | -16.47% |
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XBI vs. IBBQ - Expense Ratio Comparison
XBI has a 0.35% expense ratio, which is higher than IBBQ's 0.00% expense ratio.
Correlation
The correlation between XBI and IBBQ is 0.90, 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.
Risk-Adjusted Performance
XBI vs. IBBQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Biotech ETF (XBI) 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
XBI vs. IBBQ - Dividend Comparison
XBI's dividend yield for the trailing twelve months is around 0.15%, less than IBBQ's 1.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XBI SPDR S&P Biotech ETF | 0.15% | 0.02% | 0.00% | 0.04% | 0.20% | 0.00% | 0.28% | 0.24% | 0.26% | 0.61% | 1.07% | 0.17% |
IBBQ Invesco Nasdaq Biotechnology ETF | 1.06% | 0.81% | 0.76% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XBI vs. IBBQ - Drawdown Comparison
The maximum XBI drawdown since its inception was -63.89%, which is greater than IBBQ's maximum drawdown of -37.94%. Use the drawdown chart below to compare losses from any high point for XBI and IBBQ. For additional features, visit the drawdowns tool.
Volatility
XBI vs. IBBQ - Volatility Comparison
SPDR S&P Biotech ETF (XBI) has a higher volatility of 8.40% compared to Invesco Nasdaq Biotechnology ETF (IBBQ) at 6.87%. This indicates that XBI'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.