BIS vs. EVNT ETF Comparison
Comparison of ProShares UltraShort Nasdaq Biotechnology (BIS) to AltShares Event-Driven ETF (EVNT)
BIS
ProShares UltraShort Nasdaq Biotechnology
BIS Description
The investment seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the Nasdaq Biotechnology Index®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index is a modified capitalization weighted index that includes securities of NASDAQ listed companies that are classified as either biotechnology or pharmaceutical according to the Industry Classification Benchmark ("ICB") which also meet other eligibility criteria determined by NASDAQ. It is non-diversified.
Grade (RS Rating)
Last Trade
$20.24
Average Daily Volume
7,643
75
EVNT
AltShares Event-Driven ETF
EVNT Description
AltShares Event-Driven ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. The fund invests in the public equity and fixed income markets across the globe. For its equity portion, the fund invests in stocks of companies operating across diversified sectors. It invests in event-driven/arbitrage stocks of companies across diversified market capitalization. The fund invests in fixed income securities with varying maturities. AltShares Event-Driven ETF is domiciled in the United States.Grade (RS Rating)
Last Trade
$9.76
Average Daily Volume
2,094
40
Performance
| Period | BIS | EVNT |
|---|---|---|
| 30 Days | 16.06% | -3.12% |
| 60 Days | 20.82% | -1.31% |
| 90 Days | 14.52% | -2.59% |
| 12 Months | 3.66% | 3.90% |
1 Overlapping Holdings
| Symbol | Grade | Weight in BIS | Weight in EVNT | Overlap | |
|---|---|---|---|---|---|
| ZLAB | F | 0.24% | 0.43% | 0.24% |
BIS Overweight 74 Positions Relative to EVNT
| Symbol | Grade | Weight | |
|---|---|---|---|
| AMGN | D | 8.14% | |
| GILD | F | 7.41% | |
| VRTX | C | 7.21% | |
| BIIB | D | 6.12% | |
| ILMN | D | 5.67% | |
| REGN | D | 4.13% | |
| INCY | F | 2.09% | |
| BMRN | D | 1.91% | |
| ALNY | F | 1.6% | |
| VTRS | C | 1.35% | |
| SNY | C | 1.29% | |
| NBIX | C | 1.16% | |
| SRPT | B | 1.15% | |
| NVCR | F | 1.1% | |
| JAZZ | F | 1.03% | |
| TECH | D | 1.02% | |
| IONS | D | 1.02% | |
| GH | F | 0.96% | |
| AMRN | F | 0.85% | |
| MRNA | B | 0.83% | |
| BGNE | D | 0.83% | |
| ACAD | F | 0.81% | |
| ASND | D | 0.77% | |
| EXEL | A | 0.73% | |
| ARWR | F | 0.65% | |
| BLUE | F | 0.65% | |
| BBIO | F | 0.51% | |
| ALLK | F | 0.49% | |
| UTHR | B | 0.49% | |
| NKTR | B | 0.48% | |
| SAGE | F | 0.48% | |
| BPMC | B | 0.48% | |
| FGEN | F | 0.47% | |
| DCPH | C | 0.43% | |
| AGIO | A | 0.43% | |
| CRSP | F | 0.42% | |
| RARE | C | 0.42% | |
| ADPT | F | 0.42% | |
| MEDP | C | 0.4% | |
| PTCT | D | 0.4% | |
| ARGX | D | 0.4% | |
| AXSM | D | 0.38% | |
| ALLO | F | 0.37% | |
| GRFS | F | 0.36% | |
| IOVA | D | 0.36% | |
| ALKS | D | 0.36% | |
| KOD | F | 0.35% | |
| HALO | D | 0.35% | |
| QURE | F | 0.35% | |
| FOLD | F | 0.32% | |
| APLS | D | 0.31% | |
| XNCR | D | 0.26% | |
| MYGN | F | 0.26% | |
| DNLI | F | 0.26% | |
| IRWD | F | 0.24% | |
| ARVN | D | 0.24% | |
| INSM | F | 0.23% | |
| FATE | F | 0.23% | |
| PCRX | F | 0.22% | |
| GLPG | F | 0.22% | |
| ITCI | B | 0.21% | |
| RGNX | F | 0.21% | |
| ESPR | D | 0.19% | |
| EDIT | F | 0.19% | |
| LGND | D | 0.19% | |
| INVA | B | 0.18% | |
| VCYT | F | 0.18% | |
| ALEC | D | 0.18% | |
| TBPH | B | 0.17% | |
| YMAB | D | 0.16% | |
| CHRS | F | 0.16% | |
| HCM | A | 0.15% | |
| NGM | D | 0.15% | |
| SUPN | C | 0.15% |
BIS Underweight 39 Positions Relative to EVNT
| Symbol | Grade | Weight | |
|---|---|---|---|
| HES | A | -4.67% | |
| PXD | B | -4.56% | |
| OLK | C | -4.07% | |
| ANSS | C | -2.97% | |
| CERE | A | -2.67% | |
| AXNX | D | -2.5% | |
| JNPR | D | -2.5% | |
| MDC | A | -2.5% | |
| CSTR | A | -2.26% | |
| SIMO | C | -2.02% | |
| MGRC | C | -2.02% | |
| X | D | -1.94% | |
| VFC | F | -1.86% | |
| CCI | F | -1.78% | |
| TGNA | F | -1.76% | |
| BA | F | -1.71% | |
| AMED | D | -1.49% | |
| PARA | B | -1.35% | |
| CZR | F | -1.25% | |
| EVBG | B | -1.24% | |
| CPRI | F | -1.2% | |
| SATS | B | -1.16% | |
| RIVN | F | -1.09% | |
| AURA | D | -1.09% | |
| RAMP | D | -1.05% | |
| DOOR | A | -1.01% | |
| CTLT | C | -0.96% | |
| PACB | F | -0.94% | |
| BE | D | -0.89% | |
| PNM | D | -0.85% | |
| INTC | F | -0.82% | |
| VZIO | C | -0.73% | |
| DIS | D | -0.66% | |
| WBD | F | -0.63% | |
| PINS | C | -0.5% | |
| SNOW | D | -0.45% | |
| APA | B | -0.21% | |
| WSC | D | --0.77% | |
| SNPS | C | --1.53% |
BIS: Top Represented Industries & Keywords
EVNT: Top Represented Industries & Keywords
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