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ETFs

ProShares Trust ProShares UltraShort Nasdaq Biotechnology

BIS
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Apr 7, 2010
Expense Ratio
0.95%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$73,516
AUM
$4,959,626
Associated Index
NASDAQ Biotechnology Index
Inverse/Leveraged
Inverse (-2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

—
Derivatives offset
199.5%
—
Net Other Assets (Liabilities)
100%
Invest with BIS
Trade BIS Options

What is BIS?

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

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

BIS
Performance Measures**

for the time period Apr 8, 2010 to Dec 4, 2025

Returns

1M Trailing Return: -16.4%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -30.5%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -99.7%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 90.3%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: -0.12

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -0.30

The annualized return divided by the max drawdown for the selected time period.

ETFs related toBIS

ETFs correlated to BIS include LABD, SRTY, TZA

BIS
ProShares Trust - ProShares UltraShort Nasdaq Biotechnology -2x Shares
LABD
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TZA
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RWM
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TWM
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SPDN
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SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SPXS
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SH
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SDOW
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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.

Trading Strategies
Related toBIS

V1 Biotech BlackSwanCatcher K-1 Free

Category

Biotech, Tactical rotation, Leveraged ETFs, Long/short, Momentum, Mean reversion, Risk-off rotation, Defensive sectors, Gold, U.S. dollar

OOS Cumulative Return

102.93%

Project Shiny Christmas - Christmas 2023 Competition Entry

Category

Tactical sector rotation, RSI gating, leveraged 2x ETFs, volatility targeting, Treasuries momentum, UVXy hedge

OOS Cumulative Return

97.58%

Create your own algorithmic trading strategy with BIS using Composer

FAQ

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

BIS tracks the NASDAQ Biotechnology Index.

No, BIS 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, BIS 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 BIS is 0.0745%. This is the percent change in the value of BIS over the most recent 1-month period. The 3-month return on BIS is 0.0979%. This is the percent change in the value of BIS over the most recent 3-month period.

The standard deviation of BIS for the past year is 0.3629%. 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 BIS include IBBQ, BIB, and TQQQ.

ETFs correlated to BIS include LABD, SRTY, and TZA.

ETFs that are inversely correlated to BIS include IBB, FBT, and XBI.

Yes, BIS is a Inverse (-2x) ETF: This means that BIS will try to match the performance of NASDAQ Biotechnology Index, but with 2x the returns.

Yes, BIS is a Inverse (-2x) leveraged ETF: This means that BIS will try to match the performance of NASDAQ Biotechnology Index, but move 2x in the opposite direction.

Disclaimers

*

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.