BIS vs. FFSM ETF Comparison
Comparison of ProShares UltraShort Nasdaq Biotechnology (BIS) to Fidelity Fundamental Small-Mid Cap ETF (FFSM)
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
$18.42
Average Daily Volume
6,742
Number of Holdings
*
75
* may have additional holdings in another (foreign) market
FFSM
Fidelity Fundamental Small-Mid Cap ETF
FFSM Description
FFSM discloses holdings only on a monthly basis with a 30-day lag. The fund actively selects global mid- and small-cap companies with both growth and value factors. The portfolio is selected using fundamental and quantitative analysis, considering factors such as issuer's financial health and industry position, as well as the overall economic condition. The fund has a Tracking Basket Structure in place, which acts as a proxy portfolio that includes some of the funds holdings from recent disclosure, significant portion of the funds holdings, and cash. This is designed to track the funds daily performance, facilitate arbitrage opportunities and help mitigate the risk of front-running. However, investors should note that its non-transparent structure could result in wider spreads. Before February 26, 2024, the fund traded as Fidelity Small-Mid Cap Opportunities ETF under the ticker FSMO.Grade (RS Rating)
Last Trade
$25.79
Average Daily Volume
22,032
Number of Holdings
*
158
* may have additional holdings in another (foreign) market
Performance
| Period | BIS | FFSM |
|---|---|---|
| 30 Days | -3.10% | 1.58% |
| 60 Days | 6.49% | 2.96% |
| 90 Days | 2.50% | 7.29% |
| 12 Months | -2.99% | 28.69% |
BIS Overweight 71 Positions Relative to FFSM
| Symbol | Grade | Weight | |
|---|---|---|---|
| AMGN | B | 8.14% | |
| GILD | F | 7.41% | |
| VRTX | C | 7.21% | |
| BIIB | C | 6.12% | |
| ILMN | F | 5.67% | |
| REGN | C | 4.13% | |
| INCY | D | 2.09% | |
| BMRN | F | 1.91% | |
| ALNY | D | 1.6% | |
| VTRS | C | 1.35% | |
| SNY | B | 1.29% | |
| NBIX | B | 1.16% | |
| SRPT | B | 1.15% | |
| NVCR | D | 1.1% | |
| JAZZ | D | 1.03% | |
| TECH | B | 1.02% | |
| IONS | F | 1.02% | |
| GH | D | 0.96% | |
| AMRN | F | 0.85% | |
| MRNA | B | 0.83% | |
| BGNE | C | 0.83% | |
| ACAD | F | 0.81% | |
| ASND | D | 0.77% | |
| EXEL | F | 0.73% | |
| ARWR | F | 0.65% | |
| BLUE | F | 0.65% | |
| BBIO | F | 0.51% | |
| ALLK | D | 0.49% | |
| UTHR | B | 0.49% | |
| NKTR | B | 0.48% | |
| SAGE | F | 0.48% | |
| BPMC | A | 0.48% | |
| FGEN | F | 0.47% | |
| DCPH | A | 0.43% | |
| AGIO | B | 0.43% | |
| CRSP | F | 0.42% | |
| RARE | F | 0.42% | |
| ADPT | D | 0.42% | |
| PTCT | C | 0.4% | |
| ALLO | F | 0.37% | |
| GRFS | D | 0.36% | |
| IOVA | D | 0.36% | |
| ALKS | F | 0.36% | |
| KOD | D | 0.35% | |
| HALO | C | 0.35% | |
| QURE | F | 0.35% | |
| FOLD | F | 0.32% | |
| APLS | F | 0.31% | |
| XNCR | B | 0.26% | |
| MYGN | A | 0.26% | |
| DNLI | D | 0.26% | |
| ZLAB | F | 0.24% | |
| IRWD | F | 0.24% | |
| INSM | D | 0.23% | |
| FATE | F | 0.23% | |
| PCRX | D | 0.22% | |
| GLPG | F | 0.22% | |
| ITCI | C | 0.21% | |
| RGNX | F | 0.21% | |
| ESPR | D | 0.19% | |
| EDIT | F | 0.19% | |
| LGND | C | 0.19% | |
| INVA | B | 0.18% | |
| VCYT | F | 0.18% | |
| ALEC | F | 0.18% | |
| TBPH | C | 0.17% | |
| YMAB | C | 0.16% | |
| CHRS | F | 0.16% | |
| HCM | B | 0.15% | |
| NGM | D | 0.15% | |
| SUPN | D | 0.15% |
BIS Underweight 154 Positions Relative to FFSM
| Symbol | Grade | Weight | |
|---|---|---|---|
| FTI | B | -1.63% | |
| TPX | D | -1.58% | |
| EME | A | -1.51% | |
| AZO | D | -1.46% | |
| AR | B | -1.41% | |
| VRT | A | -1.4% | |
| MOH | D | -1.36% | |
| CROX | C | -1.26% | |
| UHS | D | -1.23% | |
| ACGL | A | -1.23% | |
| XPO | D | -1.21% | |
| MUSA | D | -1.2% | |
| BJ | B | -1.15% | |
| RRX | D | -1.14% | |
| PFGC | D | -1.14% | |
| ITT | A | -1.12% | |
| EXP | A | -1.09% | |
| USFD | C | -1.06% | |
| DKS | C | -1.02% | |
| FN | C | -1.01% | |
| PVH | D | -1.0% | |
| DOX | D | -0.99% | |
| LPLA | B | -0.97% | |
| NSIT | A | -0.93% | |
| WHD | B | -0.92% | |
| AIZ | D | -0.88% | |
| ATKR | D | -0.88% | |
| FAF | D | -0.87% | |
| DFS | C | -0.86% | |
| ORI | A | -0.86% | |
| CHDN | B | -0.84% | |
| LNG | D | -0.84% | |
| CACI | A | -0.84% | |
| VNT | D | -0.83% | |
| NXST | C | -0.82% | |
| AYI | C | -0.82% | |
| AME | D | -0.82% | |
| JLL | C | -0.81% | |
| BC | D | -0.8% | |
| AIT | C | -0.79% | |
| ASGN | D | -0.76% | |
| SNX | A | -0.75% | |
| STX | C | -0.73% | |
| CRL | D | -0.73% | |
| GPK | C | -0.72% | |
| PRI | D | -0.72% | |
| GVA | A | -0.71% | |
| RGA | A | -0.7% | |
| ON | F | -0.7% | |
| BECN | C | -0.7% | |
| ACHC | F | -0.67% | |
| ALSN | D | -0.67% | |
| STLD | D | -0.67% | |
| ACM | C | -0.66% | |
| PNFP | C | -0.66% | |
| AEIS | D | -0.66% | |
| CMC | C | -0.66% | |
| SNV | C | -0.65% | |
| SN | A | -0.65% | |
| KBR | B | -0.65% | |
| TGLS | B | -0.64% | |
| CNM | A | -0.64% | |
| PCG | B | -0.64% | |
| CC | C | -0.63% | |
| WBS | D | -0.63% | |
| G | D | -0.63% | |
| AES | B | -0.6% | |
| CAH | F | -0.59% | |
| DT | F | -0.59% | |
| HLI | A | -0.59% | |
| FCNCA | B | -0.59% | |
| MMS | C | -0.58% | |
| HOLX | D | -0.57% | |
| OLN | D | -0.57% | |
| CADE | B | -0.57% | |
| FSS | B | -0.57% | |
| RJF | C | -0.56% | |
| TENB | F | -0.56% | |
| CIEN | D | -0.56% | |
| KBH | B | -0.55% | |
| LPX | A | -0.54% | |
| VTR | B | -0.54% | |
| AFG | C | -0.52% | |
| ESI | D | -0.52% | |
| WTFC | B | -0.52% | |
| HAYW | C | -0.52% | |
| CBT | B | -0.51% | |
| MTSI | B | -0.51% | |
| EXLS | C | -0.5% | |
| OI | F | -0.49% | |
| LBRT | B | -0.48% | |
| NOMD | D | -0.48% | |
| LSCC | F | -0.48% | |
| BCO | B | -0.46% | |
| WSC | D | -0.46% | |
| LGIH | F | -0.46% | |
| EPRT | A | -0.45% | |
| EBC | B | -0.44% | |
| ASO | F | -0.43% | |
| LEA | F | -0.43% | |
| BOKF | A | -0.43% | |
| CHX | D | -0.43% | |
| LITE | F | -0.41% | |
| CACC | D | -0.41% | |
| CWK | C | -0.4% | |
| CNXC | D | -0.39% | |
| FBP | A | -0.39% | |
| FROG | D | -0.38% | |
| RUSHA | D | -0.37% | |
| FIBK | B | -0.36% | |
| OMI | F | -0.35% | |
| BOOT | B | -0.35% | |
| FLEX | C | -0.35% | |
| TMDX | B | -0.34% | |
| ESGR | B | -0.34% | |
| ICHR | D | -0.34% | |
| NOG | B | -0.34% | |
| DOOO | C | -0.32% | |
| LCII | D | -0.32% | |
| DIOD | B | -0.31% | |
| WST | D | -0.31% | |
| PGNY | F | -0.3% | |
| EAT | A | -0.29% | |
| ALGM | D | -0.29% | |
| PRO | F | -0.29% | |
| HELE | F | -0.28% | |
| RGEN | F | -0.25% | |
| MTB | A | -0.25% | |
| IBTX | C | -0.24% | |
| CSTM | D | -0.23% | |
| KFRC | D | -0.22% | |
| TEX | D | -0.21% | |
| PATK | C | -0.21% | |
| MDGL | D | -0.2% | |
| CRNX | A | -0.18% | |
| XPRO | B | -0.18% | |
| CYTK | D | -0.16% | |
| VCEL | C | -0.15% | |
| ECPG | D | -0.14% | |
| ACLX | D | -0.13% | |
| NUVL | D | -0.13% | |
| CLDX | D | -0.13% | |
| ICLR | D | -0.12% | |
| PCVX | C | -0.11% | |
| XENE | D | -0.09% | |
| LAUR | A | -0.08% | |
| TCBK | B | -0.07% | |
| PBH | D | -0.07% | |
| MORF | F | -0.06% | |
| VRNA | F | -0.06% | |
| TXG | F | -0.05% | |
| ZNTL | F | -0.03% | |
| KROS | D | -0.02% | |
| ALXO | B | -0.01% |
BIS: Top Represented Industries & Keywords
FFSM: Top Represented Industries & Keywords
Industries:
Biotechnology
Banks - Regional - US
Oil & Gas Equipment & Services
Semiconductors
Specialty Retail
Building Materials
Business Services
Diversified Industrials
Engineering & Construction
Insurance - Diversified
Specialty Chemicals
Capital Markets
Diagnostics & Research
Information Technology Services
Medical Distribution
Software - Application
Auto Parts
Communication Equipment
Credit Services
Electronic Components
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