IBBQ vs SPY
Invesco Nasdaq Biotechnology ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, IBBQ or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. IBBQ led over 1Y and 3Y, SPY over 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 42.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IBBQ | SPY |
|---|---|---|
| Expense Ratio | 0.19% | 0.09%Best |
| AUM | $96M | $814.4B |
| Dividend Yield | 0.79% | 1.01% |
| Holdings | 260 | 505 |
| YTD Return | +27.35%Best | +13.34% |
| 1Y Return | +52.91%Best | +19.97% |
| 3Y Return (annualized) | +21.77%Best | +21.20% |
| 5Y Return (annualized) | +6.66% | +12.81%Best |
| Volatility (annualized) | 17.3% | 15.5%Best |
| Max Drawdown | -37.9% | -24.5%Best |
| $10,000 over 5 years | $13,804 | $18,270Best |
| Top 10 Weight | 42.1% | 38.0%Best |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Jun 11, 2021 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Jun 11, 2021 to Sep 4, 2026 (5.2 years).
IBBQ vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.2 years both funds cover.
IBBQ vs SPY Performance
Invesco Nasdaq Biotechnology ETF (IBBQ) is an ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year IBBQ returned +52.91% while SPY returned +19.97%. Year to date, IBBQ is up 27.35% versus a gain of 13.34% for SPY.
Over three years, IBBQ compounded at +21.77% per year against +21.20% for SPY; over five years the annualized figures are +6.66% and +12.81% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IBBQ has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 15.5% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -37.9% for IBBQ and -24.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.55. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IBBQ charges 0.19% per year while SPY charges 0.09%. On a $10,000 position that is $19 vs $9 annually, a gap of $10 per year that compounds over a long holding period. On income, IBBQ currently yields 0.79% against 1.01% for SPY.
Holdings Overlap
36.2% of IBBQ's money is in holdings SPY also owns. 2.3% of SPY's money is in holdings IBBQ also owns.
The two portfolios partly overlap.
9 positions in common, counted across the 255 positions we hold weights for in IBBQ and 504 in SPY, against full books of 260 and 505.
What only one of them owns
Our book lists 487 positions for SPY that do not appear in our book for IBBQ (97.1% of the fund), and 213 for IBBQ that do not appear in SPY (53.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IBBQ | Weight in SPY | Difference |
|---|---|---|---|
| AMGNAmgen Inc. | 8.52% | 0.32% | 8.20% |
| VRTXNvaesrtex Pharmaceuticals Inc | 7.88% | 0.18% | 7.70% |
| GILDGilead Sciences | 7.41% | 0.25% | 7.16% |
| REGNRegeneron Pharmaceuticals, Inc. | 5.50% | 0.11% | 5.39% |
| BIIBBiogen Inc. Com | 2.16% | 0.05% | 2.11% |
| INCYIncyte Corp. | 1.69% | 0.03% | 1.66% |
| MRNAModerna therapeutics | 1.59% | 0.03% | 1.56% |
| VTRSViatris Inc. | 1.45% | 0.03% | 1.42% |
| LLYEli Lilly & Co. | 0.00% | 1.33% | 1.33% |
36.2% of IBBQ is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IBBQ or SPY?
IBBQ has an expense ratio of 0.19% while SPY charges 0.09%. SPY is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, IBBQ or SPY?
Over the past year IBBQ returned +52.91% vs +19.97% for SPY, so IBBQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IBBQ or SPY?
IBBQ has been the more volatile fund at 17.3% annualized versus 15.5% for SPY. Worst drawdown: IBBQ -37.9% vs SPY -24.5%.
Should I hold both IBBQ and SPY?
IBBQ and SPY have a monthly-return correlation of 0.55, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IBBQ and SPY?
36.2% of IBBQ's money is in holdings SPY also owns. 2.3% of SPY's is in holdings IBBQ also owns. They hold 9 positions in common, counted across the 255 positions we hold weights for in IBBQ and 504 in SPY.
Which pays a higher dividend, IBBQ or SPY?
IBBQ yields 0.79% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Is SPY better than IBBQ?
SPY has a lower expense ratio. IBBQ led over 1Y and 3Y, SPY over 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 42.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.