BIS vs. LABD ETF Comparison
Comparison of ProShares UltraShort Nasdaq Biotechnology (BIS) to Direxion Daily S&P Biotech Bear 3X Shares (LABD)
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
$20.90
Average Daily Volume
8,088
75
LABD
Direxion Daily S&P Biotech Bear 3X Shares
LABD Description
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the performance of the S&P Biotechnology Select Industry Index. The index is provided by Standard & Poor's and includes domestic companies from the biotechnology industry. The fund normally creates short positions by investing at least 80% of its assets in: swap agreements; options on securities and indices; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, provide inverse leveraged and unleveraged exposure to the S&P Biotechnology Select Industry Index ("index"). It is non-diversified.Grade (RS Rating)
Last Trade
$10.80
Average Daily Volume
16,390,173
80
Performance
| Period | BIS | LABD |
|---|---|---|
| 30 Days | 17.39% | 50.21% |
| 60 Days | 18.29% | 34.14% |
| 90 Days | 17.70% | 5.75% |
| 12 Months | 10.61% | -34.06% |
47 Overlapping Holdings
| Symbol | Grade | Weight in BIS | Weight in LABD | Overlap | |
|---|---|---|---|---|---|
| ACAD | F | 0.81% | 1.68% | 0.81% | |
| AGIO | B | 0.43% | 1.37% | 0.43% | |
| ALEC | F | 0.18% | 0.25% | 0.18% | |
| ALKS | F | 0.36% | 1.21% | 0.36% | |
| ALLK | F | 0.49% | 0.76% | 0.49% | |
| ALLO | F | 0.37% | 0.54% | 0.37% | |
| ALNY | F | 1.6% | 1.73% | 1.6% | |
| AMGN | B | 8.14% | 1.75% | 1.75% | |
| APLS | F | 0.31% | 1.24% | 0.31% | |
| ARWR | F | 0.65% | 1.45% | 0.65% | |
| BBIO | F | 0.51% | 0.29% | 0.29% | |
| BIIB | F | 6.12% | 1.65% | 1.65% | |
| BLUE | F | 0.65% | 1.87% | 0.65% | |
| BMRN | B | 1.91% | 1.89% | 1.89% | |
| BPMC | C | 0.48% | 1.61% | 0.48% | |
| CHRS | F | 0.16% | 0.99% | 0.16% | |
| DCPH | D | 0.43% | 1.01% | 0.43% | |
| DNLI | F | 0.26% | 0.28% | 0.26% | |
| EDIT | F | 0.19% | 0.66% | 0.19% | |
| ESPR | D | 0.19% | 0.79% | 0.19% | |
| EXEL | A | 0.73% | 1.91% | 0.73% | |
| FATE | D | 0.23% | 0.67% | 0.23% | |
| FGEN | F | 0.47% | 1.05% | 0.47% | |
| FOLD | D | 0.32% | 1.38% | 0.32% | |
| GILD | F | 7.41% | 1.64% | 1.64% | |
| HALO | D | 0.35% | 0.71% | 0.35% | |
| INCY | F | 2.09% | 1.51% | 1.51% | |
| INSM | D | 0.23% | 0.81% | 0.23% | |
| IONS | D | 1.02% | 1.64% | 1.02% | |
| IOVA | D | 0.36% | 1.07% | 0.36% | |
| IRWD | D | 0.24% | 0.75% | 0.24% | |
| KOD | F | 0.35% | 0.29% | 0.29% | |
| LGND | B | 0.19% | 1.46% | 0.19% | |
| MRNA | B | 0.83% | 1.47% | 0.83% | |
| MYGN | D | 0.26% | 1.08% | 0.26% | |
| NBIX | C | 1.16% | 1.62% | 1.16% | |
| PTCT | F | 0.4% | 1.4% | 0.4% | |
| RARE | D | 0.42% | 1.49% | 0.42% | |
| REGN | C | 4.13% | 1.77% | 1.77% | |
| RGNX | F | 0.21% | 1.05% | 0.21% | |
| SAGE | F | 0.48% | 1.8% | 0.48% | |
| SRPT | D | 1.15% | 1.66% | 1.15% | |
| UTHR | A | 0.49% | 1.78% | 0.49% | |
| VCYT | F | 0.18% | 0.72% | 0.18% | |
| VRTX | C | 7.21% | 1.84% | 1.84% | |
| XNCR | F | 0.26% | 0.49% | 0.26% | |
| YMAB | B | 0.16% | 0.24% | 0.16% |
BIS Overweight 28 Positions Relative to LABD
| Symbol | Grade | Weight | |
|---|---|---|---|
| ILMN | F | 5.67% | |
| VTRS | D | 1.35% | |
| SNY | D | 1.29% | |
| NVCR | F | 1.1% | |
| JAZZ | F | 1.03% | |
| TECH | F | 1.02% | |
| GH | F | 0.96% | |
| AMRN | F | 0.85% | |
| BGNE | F | 0.83% | |
| ASND | C | 0.77% | |
| NKTR | B | 0.48% | |
| CRSP | F | 0.42% | |
| ADPT | F | 0.42% | |
| MEDP | C | 0.4% | |
| ARGX | F | 0.4% | |
| AXSM | F | 0.38% | |
| GRFS | F | 0.36% | |
| QURE | F | 0.35% | |
| ZLAB | F | 0.24% | |
| ARVN | D | 0.24% | |
| PCRX | F | 0.22% | |
| GLPG | F | 0.22% | |
| ITCI | A | 0.21% | |
| INVA | B | 0.18% | |
| TBPH | B | 0.17% | |
| HCM | A | 0.15% | |
| NGM | D | 0.15% | |
| SUPN | D | 0.15% |
BIS Underweight 33 Positions Relative to LABD
| Symbol | Grade | Weight | |
|---|---|---|---|
| EXAS | D | -1.73% | |
| ABBV | B | -1.72% | |
| BHVN | D | -1.42% | |
| NTRA | B | -1.08% | |
| EBS | F | -0.96% | |
| CDNA | F | -0.93% | |
| HRTX | B | -0.84% | |
| KPTI | F | -0.79% | |
| PBYI | D | -0.65% | |
| MDGL | D | -0.59% | |
| TGTX | D | -0.55% | |
| ADVM | F | -0.55% | |
| CPRX | B | -0.53% | |
| ANAB | D | -0.53% | |
| SGMO | F | -0.48% | |
| ENTA | C | -0.47% | |
| EGRX | F | -0.42% | |
| GTHX | A | -0.42% | |
| ATRA | F | -0.41% | |
| VKTX | B | -0.38% | |
| ANIK | A | -0.37% | |
| VNDA | A | -0.35% | |
| OPK | B | -0.35% | |
| VCEL | B | -0.34% | |
| TVTX | F | -0.33% | |
| NTLA | F | -0.29% | |
| PGEN | F | -0.29% | |
| KRYS | A | -0.28% | |
| GOSS | F | -0.27% | |
| VYGR | F | -0.26% | |
| MGNX | B | -0.25% | |
| CYTK | D | -0.25% | |
| DVAX | D | -0.24% |
BIS: Top Represented Industries & Keywords
LABD: Top Represented Industries & Keywords
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