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ProShares UltraShort Nasdaq Biotechnology (BIS) - ETF


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

ETF Symbol:
Avg Vol68k
52 wk High42.50
52 wk Low21.43
Inception:Apr 2010
(as of 2017-08-23)
Total Returns:
1 day0.4%
5 day-0.0%
1 month8.4%
3 month-14.1%
6 month-16.9%
9 month-20.8%
1 year-21.6%
Compare Funds:
Correlated Group: Health Care (View cGroup) (All Groups)


Correlated Funds

Most Directly Correlated
Direxion Daily S&P Biotech Bear 3X ETFLABD0.95  
ProShares Short QQQPSQ0.65  
Proshares UltraShort QQQQID0.65  
ProShares UltraPro Short QQQSQQQ0.65  
Direxion Technology Bear 3X SharesTECS0.57  
ProShares UltraPro Short S&P 500SPXU0.57  
Direxion S&P 500 Bear 3X SharesSPXS0.57  
Proshares UltraShort S&P500SDS0.56  
ProShares Short S&P 500SH0.55  
Direxion Daily Semiconductor Bear 3x SharesSOXS0.55  
Least Correlated
PowerShares DB US Dollar Index Bearish FundUDN0.00  
Guggenheim BulletShares 2017 HY Cp Bnd ETFBSJH0.00  
VanEck Vectors Junior Gold Miners ETFGDXJ0.00  
FlexShares iBoxx 5-Year Target Duration TIPS IndexTDTF0.00  
ETFS Physical Platinum SharesPPLT-0.00  
Vanguard Total Intl Bond ETFBNDX-0.00  
Vanguard Total Bond Market ETFBND-0.00  
First Trust ISE-Revere Natural Gas Index FundFCG-0.00  
iShares iBonds Dec 2023 Corp ETFIBDO-0.00  
Direxion Daily Jr Gld Mnrs Bear 3X Shrs ETFJDST-0.01  
Most Inversely Correlated
Fidelity MSCI Health CareFHLC-0.85  
Vanguard Health CareVHT-0.85  
ALPS Medical Breakthroughs ETFSBIO-0.92  
Direxion Daily S&P Biotech Bull 3X ETFLABU-0.95  
SPDR BioTech ETFXBI-0.95  
First Trust NYSE Biotech IndexFBT-0.95  
VanEck Vectors Biotech ETFBBH-0.97  
ProShares UltraPro Nasdaq Biotech ETFUBIO-1.00  
iShares NASDAQ Biotechnology Index FundIBB-1.00  
ProShares Ultra Nasdaq BiotechnologyBIB-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: 2017-08-18.

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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