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ETFs

ALPS Medical Breakthroughs ETF

SBIO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 31 2014
Expense Ratio
0.50%
Type
US Equities
Fund Owner
ALPS
Volume (1m avg. daily)
$149,724
AUM
$92,326,242
Associated Index
S-Network Medical Breakthroughs Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

PCVX
Vaxcyte Inc
3.94%
ALKS
Alkermes plc
3.86%
ACAD
Acadia Pharmaceuticals Inc
3.08%
INSM
Insmed Inc
3.01%
FOLD
Amicus Therapeutics Inc
2.81%
AXSM
Axsome Therapeutics Inc
2.77%
CORT
Corcept Therapeutics Inc
2.59%
KRYS
Krystal Biotech Inc
2.57%
CERE
Cerevel Therapeutics Holdings Inc
2.55%
DNLI
Denali Therapeutics Inc
2.43%
Invest with SBIO

What is SBIO?

The Fund seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the S-Network Medical Breakthroughs Index (ticker symbol PMBI) (the "Underlying Index"). The ALPS Medical Breakthroughs ETF invests in the public equity markets of the United States and in the stocks of companies operating in the biotechnology sectors. The fund invests in stocks of mid cap and small cap companies with a market capitalization of no less than $200 million and no more than $5 billion. It seeks to replicate the performance of the S-Network Medical Breakthroughs Index, by investing in the stocks of companies as per their weightings in the index.

ETFs related toSBIO

ETFs correlated to SBIO include LABU, XBI, GNOM

SBIO
ALPS Fund Services - ALPS Medical Breakthroughs ETF
LABU
Direxion Shares ETF Trust - Direxion Daily S&P Biotech Bull 3X Shares
XBI
SPDR Series Trust - SPDR Biotech ETF
GNOM
Global X Funds - Global X Genomics & Biotechnology ETF
IBB
BlackRock Institutional Trust Company N.A. - iShares Biotechnology ETF
FBT
First Trust Exchange-Traded Fund III - First Trust NYSE Arca Biotechnology Index Fund
ARKG
ARK Investment Management LLC - ARK Genomic Revolution ETF
XPH
SPDR Series Trust - SPDR Pharmaceuticals ETF
IWC
BlackRock Institutional Trust Company N.A. - iShares Micro-Cap ETF
IWO
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Growth ETF
VTWG
Vanguard Group, Inc. - Vanguard Russell 2000 Growth Index 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.

FAQ

SBIO is a US Equities ETF. The Fund seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the S-Network Medical Breakthroughs Index (ticker symbol PMBI) (the "Underlying Index"). The ALPS Medical Breakthroughs ETF invests in the public equity markets of the United States and in the stocks of companies operating in the biotechnology sectors. The fund invests in stocks of mid cap and small cap companies with a market capitalization of no less than $200 million and no more than $5 billion. It seeks to replicate the performance of the S-Network Medical Breakthroughs Index, by investing in the stocks of companies as per their weightings in the index.

SBIO tracks the S-Network Medical Breakthroughs Index.

No, SBIO 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, SBIO 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 SBIO is -0.0842%. This is the percent change in the value of SBIO over the most recent 1-month period. The 3-month return on SBIO is -0.146%. This is the percent change in the value of SBIO over the most recent 3-month period.

The standard deviation of SBIO for the past year is 0.2934%. 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 SBIO include XLI, XLY, and XLV.

ETFs correlated to SBIO include LABU, XBI, and GNOM.

ETFs that are inversely correlated to SBIO include LABD, SRTY, and TZA.

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.