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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 Vol55k
52 wk High35.36
52 wk Low19.50
Inception:Apr 2010
(as of 2017-12-15)
Total Returns:
1 day-2.7%
5 day-0.7%
1 month-8.8%
3 month6.3%
6 month-15.7%
9 month-19.0%
1 year-33.8%
Compare Funds:
Correlated Group: Health Care (View cGroup) (All Groups)


Correlated Funds

Most Directly Correlated
Direxion Daily S&P Biotech Bear 3X ETFLABD0.92  
Proshares UltraShort QQQQID0.63  
ProShares Short QQQPSQ0.63  
ProShares UltraPro Short QQQSQQQ0.62  
Direxion Daily S&P 500 Bear 1X SharesSPDN0.56  
Direxion S&P 500 Bear 3X SharesSPXS0.55  
ProShares UltraPro Short S&P 500SPXU0.55  
Proshares UltraShort S&P500SDS0.54  
ProShares Short S&P 500SH0.54  
Direxion Technology Bear 3X SharesTECS0.52  
Least Correlated
ProShares UltraShort SilverZSL0.00  
iShares Barclays 0-5 Year TIPS Bond STIP0.00  
SPDR Gold SharesGLD0.00  
PowerShares Optm Yld Divsfd Comdty ETFPDBC0.00  
iShares Barclays 10-20 Year Treasury Bond FundTLH0.00  
VelocityShares 3x Long Gold ETNUGLD0.00  
iShares Barclays 20 Year Treasury Bond FundTLT-0.00  
ProShares Short 20+ Year TreasuryTBF-0.00  
ProShares Ultra SilverAGQ-0.00  
ProShares UltraShort GoldGLL-0.00  
Most Inversely Correlated
First Trust Health Care AlphaDEX FundFXH-0.80  
Vanguard Health CareVHT-0.81  
Fidelity MSCI Health CareFHLC-0.81  
PowerShares Dyn PharmaceuticalsPJP-0.82  
SPDR BioTech ETFXBI-0.92  
Direxion Daily S&P Biotech Bull 3X ETFLABU-0.92  
First Trust NYSE Biotech IndexFBT-0.93  
VanEck Vectors Biotech ETFBBH-0.97  
ProShares UltraPro Nasdaq Biotech ETFUBIO-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: 2017-12-08.

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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