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ProShares Ultra Nasdaq Biotechnology (BIB) - ETF





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Volume(000's)


Charts and data are derived from prices adjusted for both splits and distributions to emphasize total return.

ETF Symbol:
Price54.94
Volume63k
Avg Vol169k
RSf29.8
$Vol(21d)7m
52 wk High69.62
52 wk Low44.62
Inception:Apr 2010
(as of 2018-05-25)
Total Returns:
1 day0.3%
5 day-0.5%
1 month3.7%
3 month-9.0%
6 month2.9%
9 month1.6%
1 year16.6%
 
Compare Funds:
Correlated Group: Health Care (View cGroup) (All Groups)




 

Correlated Funds

Most Directly Correlated
iShares NASDAQ Biotechnology Index FundIBB1.00  
ProShares UltraPro Nasdaq Biotech ETFUBIO1.00  
VanEck Vectors Biotech ETFBBH0.97  
SPDR BioTech ETFXBI0.94  
Direxion Daily S&P Biotech Bull 3X ETFLABU0.94  
First Trust NYSE Biotech IndexFBT0.94  
PowerShares Dyn PharmaceuticalsPJP0.92  
ALPS Medical Breakthroughs ETFSBIO0.90  
Vanguard Health CareVHT0.90  
Fidelity MSCI Health CareFHLC0.90  
Least Correlated
PIMCO Investment Grade Corp Bond Index FundCORP0.01  
iShares Core Long Trm US Bond ETFILTB0.01  
iShares Aaa - A Rated Corporate Bond ETFQLTA0.01  
Teucrium Wheat Fund ETFWEAT0.01  
ETFS Physical Swiss Gold SharesSGOL0.01  
SPDR Barclays Capital Intl Corp Bond ETFIBND0.01  
iShares COMEX GoldIAU0.00  
First Trust Enh Short Maturity ETFFTSM-0.00  
ProShares UltraShort GoldGLL-0.01  
iShares S&P Short Trm National Muni BondSUB-0.01  
Most Inversely Correlated
Proshares UltraShort Russell2000TWM-0.79  
ProShares Short QQQPSQ-0.81  
ProShares UltraPro Short QQQSQQQ-0.81  
Proshares UltraShort QQQQID-0.81  
ProShares UltraPro Short S&P 500SPXU-0.82  
Direxion S&P 500 Bear 3X SharesSPXS-0.82  
Proshares UltraShort S&P500SDS-0.82  
ProShares Short S&P 500SH-0.82  
Direxion Daily S&P Biotech Bear 3X ETFLABD-0.94  
ProShares UltraShort Nasdaq BiotechnologyBIS-1.00  
These 126 day (6 month) correlations can be considered short term, focusing on recent price movements.
Correlations are only calculated for actively traded funds. As of: 2018-05-18.
 


Exchange-traded funds are similar to index funds that trade like a single stock. Until the advent of the ETF, it was impossible to trade indexes this easily through an equity account. Most ETFs are relatively static in make-up, like the SPY or QQQQ index funds. Others, like some of the PowerShares funds, are dynamic and the holdings are changed routinely. ETFs have risks similar to stocks in that their value can rise or fall at the discretion of the marketplace. Some ETFs, like international funds and narrowly based indexes, have special risks that the investor should be aware of. However, used properly ETFs can provide an efficient and effective investment vehicle for achieving results that were near impossible for the typical investor to achieve prior to their development.








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