Invesco Dynamic Biotechnology & Genome ETF (PBE) Performance
PBE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +21.5% since Dec 31, 2025
- 1 year
- +37.0% total return
- 5 years
- +6.1% a year
- 10 years
- +10.1% a year
- Since first price
- +9.6% a year since 2005
PBE trailing returns vs SPY, QQQ, AGG
| Period | PBE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.5% | +2.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +9.8% | +9.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +24.6% | +23.3% | +7.8% | +8.4% | −1.5% |
| YTD | +21.5% | +20.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +37.0% | +34.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +84.5%+22.7%/yr | +80.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +34.6%+6.1%/yr | +31.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +162.6%+10.1%/yr | +154.2% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +421.8%+11.6%/yr | +396.3% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +464.0%+9.0%/yr | +433.9% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionJun 23, 2005 | +608.0%+9.6%/yr | +570.2% | — | — | — |
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: PBE vs SPY
From Jun 23, 2005: PBE grew to $70,797, SPY to $93,456.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PBE returns by calendar year
15 of 20 full years positive. Best 2013 (+62.2%), worst 2008 (−26.7%). 2026 is year to date.
PBE annual returns table
| Year | PBE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +21.5% | −11.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +24.8% | −20.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +1.1% | −11.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +3.7% | −22.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −10.8% | −27.1% | −18.2% | −32.6% | −13.0% |
| 2021 | +1.5% | −21.1% | +28.7% | +27.4% | −1.8% |
| 2020 | +25.7% | −30.9% | +18.3% | +48.6% | +7.5% |
| 2019 | +18.7% | −17.5% | +31.2% | +39.0% | +8.5% |
| 2018 | −0.2% | −27.9% | −4.6% | −0.1% | +0.1% |
| 2017 | +22.3% | −14.2% | +21.7% | +32.7% | +3.6% |
| 2016 | −22.9% | −29.7% | +12.0% | +7.1% | +2.4% |
| 2015 | +1.7% | −29.6% | +1.2% | +9.4% | +0.5% |
| 2014 | +36.3% | −18.9% | +13.5% | +19.2% | +6.0% |
| 2013 | +62.2% | −7.8% | +32.3% | +36.6% | −2.0% |
| 2012 | +13.8% | −11.4% | +16.0% | +18.1% | +3.8% |
| 2011 | −8.4% | −26.4% | +1.9% | +3.4% | +7.7% |
| 2010 | +31.5% | −16.0% | +15.1% | +19.9% | +6.4% |
| 2009 | +21.9% | −25.2% | +26.4% | +54.7% | +3.0% |
| 2008 | −26.7% | −40.1% | −36.8% | −41.7% | +7.9% |
| 2007 | +5.8% | −9.4% | +5.1% | +19.0% | +6.6% |
| 2006 | +2.3% | −21.1% | +15.8% | +7.1% | +3.9% |
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.
PBE largest drawdowns
Now 0.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 15, 2007 | −45.7% | Mar 9, 2009 | Oct 18, 2010 | 1.4 years | 3.0 years |
| Jul 17, 2015 | −44.6% | Jun 27, 2016 | Jul 20, 2020 | 11 months | 5.0 years |
| Feb 8, 2021 | −37.8% | Jun 14, 2022 | Nov 26, 2025 | 1.3 years | 4.8 years |
| May 12, 2011 | −26.4% | Aug 8, 2011 | Jul 2, 2012 | 3 months | 1.1 years |
| Feb 27, 2006 | −21.1% | Jul 17, 2006 | Apr 23, 2007 | 5 months | 1.1 years |
| Feb 24, 2014 | −18.9% | Apr 11, 2014 | Aug 25, 2014 | 46 days | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PBE risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2005 |
|---|---|---|---|---|
| Annualized return | +20.4% | +5.9% | +9.1% | +9.5% |
| Volatility (annualized) | 16.8% | 17.7% | 19.9% | 21.2% |
| Sharpe ratio | 0.93 | 0.21 | 0.42 | — |
| Sortino ratio | 1.87 | 0.31 | 0.67 | — |
| Best month | +12.4% | +12.4% | +14.5% | +15.6% |
| Worst month | −6.0% | −14.7% | −14.7% | −23.7% |
| Best 12 months | +44.0% | +44.0% | +58.8% | +82.6% |
| Worst 12 months | −6.7% | −21.2% | −25.4% | −36.1% |
| Positive months | 61% | 55% | 54% | 56% |
| Beta vs S&P 500 | 0.69 | 0.70 | 0.86 | — |
| Correlation with S&P 500 | 0.51 | 0.62 | 0.67 | — |
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.
PBE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 245 | −36.1% | +10.3% | +82.6% | 70% |
| 3-year (a year) | 221 | −12.8% | +7.3% | +39.6% | 81% |
| 5-year (a year) | 197 | −2.9% | +6.2% | +29.5% | 98% |
| 10-year (a year) | 137 | +1.0% | +10.3% | +16.3% | 100% |
Every holding period starting at a month-end since 2005. Returns for 3 years and longer are annualized.
PBE performance overview
Invesco Dynamic Biotechnology & Genome ETF (PBE) returned +37.0% over the past year and +10.1% a year over ten years, with distributions reinvested. Since its first recorded price in 2005 it has returned +9.6% a year, turning $10,000 into about $70,797. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −45.7%, from Oct 15, 2007 to Mar 9, 2009, and it took 1.6 years to get back to the old high. PBE finished 15 of its 20 full calendar years with a gain; the best year was 2013 (+62.2%) and the worst 2008 (−26.7%). Volatility has been 21.2% a year.
Related: PBE chart, PBE holdings, PBE dividends, PBE valuation. See the PBE overview for the latest quote and fund facts.
PBE performance FAQ
What is the PBE return over the past year?
PBE returned +37.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 34.8%.
What is the average annual return of PBE?
PBE has returned +6.1% a year over 5 years, +10.1% a year over 10 years, +9.6% a year since June 23, 2005 (total return, distributions reinvested).
How much would $10,000 invested in PBE be worth?
$10,000 invested in PBE at its first recorded close on June 23, 2005 would be worth about $70,797 on October 23, 2026 with distributions reinvested.
What was the worst year for PBE?
The worst calendar year was 2008, with a total return of −26.7%. The best was 2013 at +62.2%.
What is the biggest drawdown of PBE?
The largest peak-to-trough decline was −45.7% between October 15, 2007 and March 9, 2009. It recovered to the old high on October 18, 2010, 1.6 years after the bottom.
How volatile is PBE?
Over the past 3 years PBE had an annualized volatility of 16.8% and a Sharpe ratio of 0.93 (excess return over 1–3 month T-bills per unit of risk).