Data as of .
BBP vs FBT: which is really different?
BBP and FBT hold 30% of their weight in the same names, and FBT returned more over the year.
ETFIQ Off-Index Score: FBT scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
30% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, BBP and FBT hold 30% of their money in the same securities at the same weight.
| Holding | BBP | FBT |
|---|---|---|
| AXSOME THERAPEUTICS INC | 2.25% | 2.75% |
| UNITED THERAPEUTICS CORP | 1.85% | 2.80% |
| BIONTECH SE | 1.75% | 3.25% |
| AMGEN INC | 1.75% | 3.29% |
| EXELIXIS INC | 1.74% | 3.20% |
| BIOGEN INC | 1.74% | 3.35% |
| GILEAD SCIENCES INC | 1.74% | 3.58% |
| TG THERAPEUTICS INC | 1.73% | 3.08% |
| HALOZYME THERAPEUTICS INC | 1.64% | 4.57% |
| BIOMARIN PHARMACEUTICAL INC | 1.62% | 3.35% |
| INCYTE CORP | 1.60% | 3.33% |
| SAREPTA THERAPEUTICS INC | 1.55% | 3.29% |
| Only in BBP | Only in FBT |
|---|---|
| IMMUNITYBIO INC 4.83% | NeoGenomics, Inc. 4.37% |
| APELLIS PHARMACEUTICALS INC 2.60% | Natera, Inc. 4.24% |
| KALVISTA PHARMACEUTICALS INC 2.53% | Illumina, Inc. 3.90% |
| MODERNA INC 2.50% | Repligen Corporation 3.80% |
| IOVANCE BIOTHERAPEUTICS INC 2.45% | Corcept Therapeutics Inc. 3.72% |
| MIRUM PHARMACEUTICALS INC 2.40% | Genmab A/S (ADR) 3.71% |
| KINIKSA PHARMACEUTICALS INTERNATIONAL PL 2.07% | argenx SE (ADR) 3.50% |
| ROIVANT SCIENCES LTD 2.07% | Bruker Corporation 3.17% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| BBP | FBT | BBP | FBT | BBP | FBT | |
| 3 months | +15.3% | +17.2% | +13.1 pts | +14.9 pts | +17.8 pts | +19.6 pts |
| 6 months | +29.5% | +40.6% | +11.5 pts | +22.6 pts | +5.3 pts | +16.4 pts |
| 1 year | +47.5% | +48.9% | +30.9 pts | +32.3 pts | +25.7 pts | +27.1 pts |
| 3 years | +103.0% | +80.7% | +24.6 pts | +2.3 pts | +4.8 pts | −17.5 pts |
| Since launch | +304.4% | +848.2% | −56.6 pts | +44.6 pts | −371.1 pts | −842.1 pts |
| BBP Virtus Biotech ETF Holds 60 stocks in biotech, 12% of its weight in S&P 500 companies | FBT First Trust NYSE Arca Biotechnology Index Fund Holds 31 stocks in biotech, 24% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Virtus | First Trust |
| Theme | Biotech | Biotech |
| In the S&P 500 | 12.4% | 23.6% |
| Active share vs the S&P 500 | 99.0% | 99.1% |
| In the Nasdaq-100 | 8.9% | 16.2% |
| Holdings | 60 | 31 |
| Top ten, share of the fund | 25.7% | 39.2% |
| Expense ratio | 0.34% | 0.55% |
| Fee for the differing part | 0.34% | 0.55% |
| Total return, 1 year | +47.5% | +48.9% |
| vs the S&P 500 | +30.9 pts | +32.3 pts |
| vs the Nasdaq-100 | +25.7 pts | +27.1 pts |
| Below its high | −5.5% | −2.1% |
| Net assets | $59m | $2.9bn |
BBP in plain words
By weight, 12% of BBP's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 26% of the fund across 60 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +47.5% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 30.9 pts. It sits 5.5% below its all-time high of Aug 19, 2026.
FBT in plain words
By weight, 24% of FBT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 39% of the fund across 31 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +48.9% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 32.3 pts.
Questions people ask
- Do BBP and FBT hold the same stocks?
- By their latest filings, 30% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, BBP or FBT?
- BBP has 12% of its weight in S&P 500 names and FBT has 24%, so FBT differs more from the index.
- Which is cheaper, BBP or FBT?
- BBP charges 0.34% a year and FBT charges 0.55%, so BBP is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, BBP against FBT, data as of Sep 18, 2026. https://etfiq.com/compare/themes/bbp-vs-fbt Free to use with attribution; the underlying files are at Open data.