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ETFs

iShares Biotechnology ETF

IBB
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Feb 05 2001
Expense Ratio
0.44%
Type
US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$228,111,496
AUM
$7,838,767,166
Associated Index
ICE Biotechnology Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AMGN
AMGEN Inc.
8.22%
REGN
Regeneron Pharmaceuticals, Inc.
8.09%
GILD
Gilead Sciences, Inc.
7.98%
VRTX
Vertex Pharmaceuticals, Inc.
7.67%
MRNA
Moderna Inc
4.91%
BIIB
Biogen Inc
3.75%
SGEN
Seagen Inc
3.58%
IQV
IQVIA Holdings Inc
3.41%
ILMN
Illumina Inc
3.36%
MTD
Mettler-Toledo International, Inc.
3.11%
Invest with IBB

What is IBB?

The iShares Biotechnology ETF seeks to track the investment results of an index composed of U.S.-listed equities in the biotechnology sector. It provides exposure to U.S. companies in the biotechnology industry.

ETFs related toIBB

ETFs correlated to IBB include BIB, BBH, FBT

IBB
BlackRock Institutional Trust Company N.A. - iShares Biotechnology ETF
BIB
ProShares Trust - ProShares Ultra Nasdaq Biotechnology 2X Shares
BBH
VanEck ETF Trust - VanEck Biotech ETF
FBT
First Trust Exchange-Traded Fund III - First Trust NYSE Arca Biotechnology Index Fund
XBI
SPDR Series Trust - SPDR Biotech ETF
LABU
Direxion Shares ETF Trust - Direxion Daily S&P Biotech Bull 3X Shares
PSCH
Invesco Capital Management LLC - Invesco S&P SmallCap Health Care ETF
FXH
First Trust Exchange-Traded Fund III - First Trust Health Care AlphaDEX Fund
XPH
SPDR Series Trust - SPDR Pharmaceuticals ETF
ARKG
ARK Investment Management LLC - ARK Genomic Revolution ETF
FHLC
Fidelity Covington Trust - Fidelity MSCI Health Care Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

IBB is a US Equities ETF. The iShares Biotechnology ETF seeks to track the investment results of an index composed of U.S.-listed equities in the biotechnology sector. It provides exposure to U.S. companies in the biotechnology industry.

IBB tracks the ICE Biotechnology Index.

No, IBB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, IBB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IBB is -0.0238%. This is the percent change in the value of IBB over the most recent 1-month period. The 3-month return on IBB is -0.0583%. This is the percent change in the value of IBB over the most recent 3-month period.

The standard deviation of IBB for the past year is 0.2713%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IBB include IBBQ, XLI, and XLE.

ETFs correlated to IBB include BIB, BBH, and FBT.

ETFs that are inversely correlated to IBB include LABD, SRTY, and RWM.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.