PBE vs FMF

Comparison between INVESCO BIOTECHNOLOGY & GENOME ETF (PBE, ETF) and FIRST TRUST MANAGED FUTURES STRATEGY FUND (FMF, ETF).

5-Year PerformanceFMF has outperformed PBE, delivering a return of +4.3% compared to +2.0%

PBE vs FMF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PBE(ETF)	FMF(ETF)
Net Assets	$259M	$260M
Expense Ratio	0.58%	0.98%
Max Drawdown	45.69%	24.79%
Sharpe Ratio	1.35	1.39
5Y Beta	0.76	0.10
P/E Ratio	36.34	N/A
Forward P/E	19.88	N/A
5Y Dividends CAGR	98.81%	228.25%
5Y EPS CAGR	12.51%	N/A
Debt to Equity	54.69%	N/A
P/S Ratio	5.10	N/A
P/B Ratio	4.58	N/A

Net Assets

PBE

$259M

Winner

FMF

$260M

Expense Ratio

Winner

PBE

0.58%

FMF

0.98%

Max Drawdown

PBE

45.69%

Winner

FMF

24.79%

Sharpe Ratio

PBE

1.35

Winner

FMF

1.39

5Y Beta

PBE

0.76

Winner

FMF

0.10

P/E Ratio

PBE

36.34

FMF

N/A

Forward P/E

PBE

19.88

FMF

N/A

5Y Dividends CAGR

PBE

98.81%

Winner

FMF

228.25%

5Y EPS CAGR

PBE

12.51%

FMF

N/A

Debt to Equity

PBE

54.69%

FMF

N/A

P/S Ratio

PBE

5.10

FMF

N/A

P/B Ratio

PBE

4.58

FMF

N/A

PBE vs FMF - Holdings Comparison

PBE and FMF have 0 common holdings. Overlap is 0.00%

PBE's top 25 holdings weight is 89.66%. FMF's top 25 holdings weight is 15.01%.

Rank	PBE	FMF
#1	ILLUMINA INC (ILMN) - 6.77%	MORGAN STANLEY INSTL LQUDTY TRS INSTL (MISXX) - 15.01%
#2	UNITED THERAPEUTICS CORP (UTHR) - 5.84%	N/A
#3	BIOGEN INC (BIIB) - 4.95%	N/A
#4	INCYTE CORP (INCY) - 4.67%	N/A
#5	GILEAD SCIENCES INC (GILD) - 4.42%	N/A
#6	ALNYLAM PHARMACEUTICALS INC (ALNY) - 4.39%	N/A
#7	AMGEN INC (AMGN) - 4.38%	N/A
#8	REGENERON PHARMACEUTICALS INC (REGN) - 4.00%	N/A
#9	VERACYTE INC (VCYT) - 3.74%	N/A
#10	CATALYST PHARMACEUTICALS INC (CPRX) - 3.61%	N/A
#11	TG THERAPEUTICS INC (TGTX) - 3.35%	N/A
#12	ROYALTY PHARMA PLC CLASS A (RPRX) - 3.32%	N/A
#13	NEUROCRINE BIOSCIENCES INC (NBIX) - 3.30%	N/A
#14	CAREDX INC (CDNA) - 3.20%	N/A
#15	ARROWHEAD PHARMACEUTICALS INC (ARWR) - 3.10%	N/A
#16	BIOCRYST PHARMACEUTICALS INC (BCRX) - 3.06%	N/A
#17	EXELIXIS INC (EXEL) - 3.00%	N/A
#18	PROTAGONIST THERAPEUTICS INC (PTGX) - 2.98%	N/A
#19	PTC THERAPEUTICS INC (PTCT) - 2.76%	N/A
#20	HALOZYME THERAPEUTICS INC (HALO) - 2.63%	N/A
#21	VERICEL CORP (VCEL) - 2.51%	N/A
#22	REPLIGEN CORP (RGEN) - 2.51%	N/A
#23	BIO-TECHNE CORP (TECH) - 2.41%	N/A
#24	IONIS PHARMACEUTICALS INC (IONS) - 2.38%	N/A
#25	BIOMARIN PHARMACEUTICAL INC (BMRN) - 2.38%	N/A
Total Holdings	33	1

PBE vs FMF - Historical Returns

Returns include dividend reinvestment.

Period	PBE	FMF
1 month	+1.34%	-1.52%
3 months	+10.51%	+0.35%
6 months	+5.02%	+10.39%
1 year	+31.39%	+18.03%
5 years(CAGR)	+1.98%	+4.29%
10 years(CAGR)	+8.47%	+2.70%
Max(CAGR)	+8.90%	+1.98%

Winner

PBE

+1.34%

FMF

-1.52%

Winner

PBE

+10.51%

FMF

+0.35%

PBE

+5.02%

Winner

FMF

+10.39%

Winner

PBE

+31.39%

FMF

+18.03%

5Y(CAGR)

PBE

+1.98%

Winner

FMF

+4.29%

10Y(CAGR)

Winner

PBE

+8.47%

FMF

+2.70%

Max(CAGR)

Winner

PBE

+8.90%

FMF

+1.98%

PBE vs FMF - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	PBE	FMF
2026	+2.24%	+8.20%
2025	+23.76%	+4.23%
2024	-0.05%	+7.67%
2023	+4.60%	-0.38%
2022	-11.11%	+4.68%
2021	+1.21%	+3.45%
2020	+25.68%	+5.25%
2019	+18.35%	-5.32%
2018	-2.62%	-2.31%
2017	+20.54%	+2.33%
2016	-20.66%	-4.09%
2015	+1.36%	-0.47%
2014	+36.45%	-1.10%
2013	+57.53%	+3.46%
2012	+13.17%	N/A
2011	-7.24%	N/A
2010	+29.99%	N/A
2009	+19.16%	N/A
2008	-25.84%	N/A
2007	+6.24%	N/A
2006	+0.45%	N/A
2005	+17.45%	N/A

PBE vs FMF Drawdown Comparison

The maximum drawdown for PBE was -45.69%, occurring on Mar 9, 2009. Recovery took 644 trading sessions.

The maximum drawdown for FMF was -22.22%, occurring on Mar 24, 2020. Recovery took 2001 trading sessions.

The current PBE drawdown is -1.80%. The current FMF drawdown is -1.75%.

Rank	PBE	FMF
#1	-45.69% Oct 15, 2007 - May 6, 2010	-22.22% Apr 2, 2014 - Mar 14, 2022
#2	-44.56% Jul 17, 2015 - Jul 20, 2020	-14.98% Jun 14, 2022 - Oct 6, 2025
#3	-37.84% Feb 8, 2021 - Nov 26, 2025	-7.98% Mar 14, 2022 - Jun 9, 2022
#4	-35.71% May 6, 2010 - Apr 2, 2013	-3.58% Dec 30, 2013 - Mar 27, 2014
#5	-21.12% Feb 27, 2006 - Apr 23, 2007	-3.42% Mar 12, 2026 - Apr 2, 2026
#6	-18.86% Feb 24, 2014 - Aug 25, 2014	-3.12% Oct 15, 2025 - Jan 9, 2026
#7	-14.38% Jul 20, 2020 - Nov 27, 2020	-2.51% May 18, 2026 - Jun 10, 2026
#8	-11.73% Jan 7, 2026 - Mar 27, 2026	-2.31% Feb 11, 2026 - Feb 19, 2026
#9	-10.65% Mar 19, 2015 - Jun 18, 2015	-2.22% Aug 2, 2013 - Oct 10, 2013
#10	-10.08% Sep 12, 2005 - Nov 17, 2005	-1.69% Feb 4, 2026 - Feb 6, 2026
#11	-9.07% Apr 25, 2007 - Sep 26, 2007	-1.56% Jan 15, 2026 - Feb 3, 2026
#12	-8.60% Aug 29, 2014 - Oct 23, 2014	-1.47% Oct 22, 2013 - Nov 14, 2013
#13	-7.84% May 28, 2013 - Jul 5, 2013	-1.28% Apr 29, 2026 - May 12, 2026
#14	-7.21% Nov 29, 2013 - Jan 7, 2014	-1.27% Mar 2, 2026 - Mar 4, 2026
#15	-6.59% Oct 2, 2013 - Oct 24, 2013	-1.18% Oct 8, 2025 - Oct 13, 2025

Correlation

Correlation between PBE and FMF is 0.60 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.60

-101

Dividend Comparison (2009 - 2026)

PBE vs FMF dividend yield comparison.

Year	PBE	FMF
2026	0.10%	0.37%
2025	1.00%	5.60%
2024	0.05%	4.85%
2023	0.02%	3.09%
2022	0.00%	0.41%
2021	0.00%	3.29%
2020	0.04%	0.02%
2019	0.00%	1.05%
2018	0.00%	1.56%
2017	0.57%	0.82%
2016	0.38%	0.00%
2015	1.12%	0.00%
2014	0.55%	0.00%
2013	0.00%	2.38%
2009	0.45%	0.00%