Invesco Nasdaq Biotechnology ETF (IBBQ) Performance
IBBQ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +22.7% since Dec 31, 2025
- 1 year
- +36.1% total return
- 5 years
- +7.9% a year
- Since first price
- +6.8% a year since 2021
IBBQ trailing returns vs SPY, QQQ, AGG
| Period | IBBQ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.7% | −0.7% | −1.0% | −5.0% | +0.9% |
| 3 months | +7.1% | +6.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +17.3% | +16.4% | +7.8% | +8.4% | −1.5% |
| YTD | +22.7% | +21.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +36.1% | +34.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +90.3%+23.9%/yr | +84.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +46.2%+7.9%/yr | +38.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJun 11, 2021 | +42.3%+6.8%/yr | +34.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: IBBQ vs SPY
From Jun 11, 2021: IBBQ grew to $14,227, SPY to $19,274.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IBBQ returns by calendar year
2 of 4 full years positive. Best 2025 (+33.3%), worst 2022 (−10.4%). 2026 is year to date.
IBBQ annual returns table
| Year | IBBQ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +22.7% | −8.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +33.3% | −19.3% | +17.7% | +20.8% | +7.2% |
| 2024 | −0.6% | −12.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +4.7% | −16.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −10.4% | −28.8% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
IBBQ largest drawdowns
Now 5.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 9, 2021 | −37.9% | Jun 13, 2022 | Oct 30, 2025 | 10 months | 4.2 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
IBBQ risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +22.4% | +7.6% | +7.1% |
| Volatility (annualized) | 17.5% | 17.5% | 17.3% |
| Sharpe ratio | 1.00 | 0.30 | 0.28 |
| Sortino ratio | 1.92 | 0.48 | 0.44 |
| Best month | +13.1% | +13.1% | +13.1% |
| Worst month | −7.1% | −12.1% | −12.1% |
| Best 12 months | +56.1% | +56.1% | +56.1% |
| Worst 12 months | −7.3% | −25.3% | −27.3% |
| Positive months | 67% | 57% | 56% |
| Beta vs S&P 500 | 0.57 | 0.60 | — |
| Correlation with S&P 500 | 0.40 | 0.54 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
IBBQ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 53 | −27.3% | +6.6% | +56.1% | 70% |
| 3-year (a year) | 29 | −3.4% | +7.4% | +24.4% | 76% |
| 5-year (a year) | 5 | +5.4% | +6.6% | +7.7% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
IBBQ performance overview
Invesco Nasdaq Biotechnology ETF (IBBQ) returned +36.1% over the past year and +7.9% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +6.8% a year, turning $10,000 into about $14,227. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −37.9%, from Aug 9, 2021 to Jun 13, 2022, and it took 3.4 years to get back to the old high. IBBQ finished 2 of its 4 full calendar years with a gain; the best year was 2025 (+33.3%) and the worst 2022 (−10.4%). Volatility has been 17.3% a year.
Related: IBBQ chart, IBBQ holdings, IBBQ dividends. See the IBBQ overview for the latest quote and fund facts.
IBBQ performance FAQ
What is the IBBQ return over the past year?
IBBQ returned +36.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 34.4%.
What is the average annual return of IBBQ?
IBBQ has returned +7.9% a year over 5 years, +6.8% a year since June 11, 2021 (total return, distributions reinvested).
How much would $10,000 invested in IBBQ be worth?
$10,000 invested in IBBQ at its first recorded close on June 11, 2021 would be worth about $14,227 on October 23, 2026 with distributions reinvested.
What was the worst year for IBBQ?
The worst calendar year was 2022, with a total return of −10.4%. The best was 2025 at +33.3%.
What is the biggest drawdown of IBBQ?
The largest peak-to-trough decline was −37.9% between August 9, 2021 and June 13, 2022. It recovered to the old high on October 30, 2025, 3.4 years after the bottom.
How volatile is IBBQ?
Over the past 3 years IBBQ had an annualized volatility of 17.5% and a Sharpe ratio of 1.00 (excess return over 1–3 month T-bills per unit of risk).