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ETFs

ProShares Trust ProShares Ultra Nasdaq Biotechnology

BIB
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Apr 07 2010
Expense Ratio
0.95%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$778,948
AUM
$97,419,420
Associated Index
Nasdaq Biotech Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Net Other Assets (Liabilities)
26.48%
VRTX
Vertex Pharmaceuticals, Inc.
5.72%
AMGN
AMGEN Inc.
5.51%
GILD
Gilead Sciences, Inc.
5.45%
REGN
Regeneron Pharmaceuticals, Inc.
5.44%
MRNA
Moderna Inc
3.33%
AZN
Astrazeneca plc - ADR
3.03%
BIIB
Biogen Inc
3.02%
SGEN
Seagen Inc
2.49%
ILMN
Illumina Inc
2.19%
Invest with BIB

What is BIB?

ProShares Ultra Nasdaq Biotechnology seeks daily investment results before fees and expenses that correspond to twice (200%) the daily performance of the NASDAQ Biotechnology Index.

ETFs related toBIB

ETFs correlated to BIB include IBB, FBT, XBI

BIB
ProShares Trust - ProShares Ultra Nasdaq Biotechnology 2X Shares
IBB
BlackRock Institutional Trust Company N.A. - iShares Biotechnology ETF
FBT
First Trust Exchange-Traded Fund III - First Trust NYSE Arca Biotechnology Index Fund
XBI
SPDR Series Trust - SPDR Biotech ETF
LABU
Direxion Shares ETF Trust - Direxion Daily S&P Biotech Bull 3X Shares
FXH
First Trust Exchange-Traded Fund III - First Trust Health Care AlphaDEX Fund
XPH
SPDR Series Trust - SPDR Pharmaceuticals ETF
FHLC
Fidelity Covington Trust - Fidelity MSCI Health Care Index ETF
VHT
Vanguard Group, Inc. - Vanguard Health Care ETF
ARKG
ARK Investment Management LLC - ARK Genomic Revolution ETF
RSPH
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Health Care ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toBIB

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with BIB using Composer

FAQ

BIB is a US Equities ETF. ProShares Ultra Nasdaq Biotechnology seeks daily investment results before fees and expenses that correspond to twice (200%) the daily performance of the NASDAQ Biotechnology Index.

BIB tracks the Nasdaq Biotech Index.

No, BIB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BIB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BIB is -0.0348%. This is the percent change in the value of BIB over the most recent 1-month period. The 3-month return on BIB is 0.0963%. This is the percent change in the value of BIB over the most recent 3-month period.

The standard deviation of BIB for the past year is 0.4716%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BIB include BIS, QLD, and QID.

ETFs correlated to BIB include IBB, FBT, and XBI.

ETFs that are inversely correlated to BIB include LABD, SRTY, and RWM.

Yes, BIB is a Leveraged (2x) ETF: This means that BIB will try to match the performance of Nasdaq Biotech Index, but with 2x the returns.

Yes, BIB is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Nasdaq Biotech Index, but move 2x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.