PBE
Invesco Biotechnology & Genome ETF
The Invesco Dynamic Biotechnology & Genome Portfolio ETF tracks a tiered equal-weighted index of companies principally engaged in biotechnology and genetic engineering.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
245.0 M
ASSETS UNDER MGMT
58 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 23, 2005 |
| Assets (mns) | $245 |
| Expense ratio | 58 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| QIAGEN NV | 5.8 % |
| NATERA INC | 5.1 % |
| GILEAD SCIENCES INC | 5.1 % |
| ILLUMINA INC | 5.1 % |
| UNITED THERAPEUTICS CORP | 5.0 % |
| REGENERON PHARMACEUTICALS | 4.9 % |
| BIOGEN IDEC INC | 4.8 % |
| INCYTE CORP | 4.7 % |
| AMGEN INC | 4.7 % |
| EXACT SCIENCES CORP | 3.1 % |
Constituent Breakdown
| Number of holdings | 28 |
| Herfindahl-Hirschman Index | 377 |
| Wgt avg mkt cap (mns) | $18,584 |
| Large cap (>$10bn) | 49.0% |
| Mid cap ($2-10bn) | 32.4% |
| Small cap (<$2bn) | 18.6% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.2 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.1% | 20.4% | 2.9% | 0.0% | 5.0% | 3.6% | 8.5% | Volatility | 17.7% | 19.4% | 19.5% | 23.7% | 26.5% | 26.5% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.77 | 52% |
| MSCI EAFE | 0.73 | 45% |
| MSCI Emg Mkts | 0.51 | 22% |
Liquidity Measures
| Avg. volume (000) | 8 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.15% |
| ADV of underlying (mns) | $3,954 |
Technical Indicators
| Recent close | $66.00 |
| 30d moving avg. | $69.27 |
| Annualized volatility | 19.0% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 6.9% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PBE |
Expenses vs. PBE |
ALTAR Score™ vs. PBE |
|---|---|---|---|---|
| FBT | First Trust NYSE Arca Biotechnology Index Fund | 48.6% | -2 bp | +5.6% |
| BBH | VanEck Biotech ETF | 38.8% | -23 bp | +8.3% |
| XBI | SPDR S&P BIOTECH ETF | 37.8% | -23 bp | -0.9% |
| IBB | iShares Biotechnology ETF | 33.0% | -13 bp | +2.7% |
| IBBQ | Invesco Nasdaq Biotechnology ETF | 32.1% | -39 bp | +3.4% |
| CANC | Tema Oncology ETF | 27.4% | +17 bp | -1.4% |
| GNOM | Global X Genomics & Biotechnology ETF | 26.8% | -8 bp | -2.3% |
| BBP | Virtus LifeSci Biotech Products ETF | 26.3% | +21 bp | +2.5% |
| FTXH | First Trust Nasdaq Pharmaceuticals ETF | 25.2% | +2 bp | +12.7% |
| IDNA | iShares Genomics Immunology and Healthcare ETF | 22.2% | -11 bp | -2.0% |
Risk and Returns: PBE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
PBE
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
PBE
-2.5%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. PBE's ALTAR Score™ is approximately
3.2 standard deviations
below
the category average. This places PBE in the 1st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PBESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| PBE (58 bp) Percentile rank | 64 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PBE | 58.0 | 15.2 | 73.2 |
| Peer Avg. | 44.0 | 16.8 | 60.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .