BIS vs. MARB ETF Comparison
Comparison of ProShares UltraShort Nasdaq Biotechnology (BIS) to First Trust Merger Arbitrage ETF (MARB)
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
$15.24
Average Daily Volume
12,723
73
MARB
First Trust Merger Arbitrage ETF
MARB Description
The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by establishing long and short positions in the equity securities of companies that are involved in a publicly-announced significant corporate event, such as a merger or acquisition. It's portfolio may include equity securities issued by U.S. and non-U.S. companies, including American Depositary Receipts (ADRs), and derivatives, including total return swaps. The fund may invest in securities issued by small, mid and large capitalization issuers. It is non-diversified.Grade (RS Rating)
Last Trade
$19.71
Average Daily Volume
6,873
35
Performance
| Period | BIS | MARB |
|---|---|---|
| 30 Days | 1.20% | -0.71% |
| 60 Days | 6.82% | -1.20% |
| 90 Days | -1.89% | -1.72% |
| 12 Months | -37.46% | -0.67% |
0 Overlapping Holdings
| Symbol | Grade | Weight in BIS | Weight in MARB | Overlap |
|---|
BIS Overweight 73 Positions Relative to MARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| AMGN | F | 8.14% | |
| GILD | B | 7.41% | |
| VRTX | B | 7.21% | |
| BIIB | F | 6.12% | |
| ILMN | C | 5.67% | |
| REGN | F | 4.13% | |
| INCY | B | 2.09% | |
| BMRN | F | 1.91% | |
| ALNY | D | 1.6% | |
| VTRS | B | 1.35% | |
| SNY | F | 1.29% | |
| NBIX | C | 1.16% | |
| SRPT | F | 1.15% | |
| NVCR | C | 1.1% | |
| JAZZ | B | 1.03% | |
| TECH | C | 1.02% | |
| IONS | F | 1.02% | |
| GH | B | 0.96% | |
| AMRN | F | 0.85% | |
| MRNA | F | 0.83% | |
| BGNE | D | 0.83% | |
| ACAD | C | 0.81% | |
| ASND | D | 0.77% | |
| EXEL | B | 0.73% | |
| ARWR | C | 0.65% | |
| BLUE | F | 0.65% | |
| BBIO | F | 0.51% | |
| ALLK | C | 0.49% | |
| UTHR | B | 0.49% | |
| NKTR | C | 0.48% | |
| SAGE | F | 0.48% | |
| BPMC | B | 0.48% | |
| FGEN | D | 0.47% | |
| AGIO | B | 0.43% | |
| CRSP | C | 0.42% | |
| RARE | F | 0.42% | |
| ADPT | B | 0.42% | |
| MEDP | D | 0.4% | |
| PTCT | B | 0.4% | |
| ARGX | B | 0.4% | |
| AXSM | B | 0.38% | |
| ALLO | D | 0.37% | |
| GRFS | C | 0.36% | |
| IOVA | D | 0.36% | |
| ALKS | B | 0.36% | |
| KOD | C | 0.35% | |
| HALO | B | 0.35% | |
| QURE | C | 0.35% | |
| FOLD | D | 0.32% | |
| APLS | F | 0.31% | |
| XNCR | B | 0.26% | |
| MYGN | F | 0.26% | |
| DNLI | B | 0.26% | |
| ZLAB | C | 0.24% | |
| IRWD | D | 0.24% | |
| ARVN | D | 0.24% | |
| INSM | D | 0.23% | |
| FATE | F | 0.23% | |
| PCRX | D | 0.22% | |
| GLPG | D | 0.22% | |
| ITCI | B | 0.21% | |
| RGNX | F | 0.21% | |
| ESPR | C | 0.19% | |
| EDIT | F | 0.19% | |
| LGND | B | 0.19% | |
| INVA | B | 0.18% | |
| VCYT | B | 0.18% | |
| ALEC | C | 0.18% | |
| TBPH | C | 0.17% | |
| YMAB | D | 0.16% | |
| CHRS | F | 0.16% | |
| HCM | F | 0.15% | |
| SUPN | B | 0.15% |
BIS Underweight 35 Positions Relative to MARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| HTLF | B | -6.92% | |
| HCP | A | -5.6% | |
| EDR | C | -4.92% | |
| AMED | F | -4.79% | |
| ACI | C | -4.61% | |
| AXNX | A | -4.2% | |
| NAPA | B | -4.0% | |
| DFS | B | -3.92% | |
| B | B | -3.79% | |
| JNPR | C | -3.69% | |
| ANSS | B | -3.62% | |
| EVRI | A | -3.48% | |
| K | A | -3.27% | |
| ESGR | C | -3.18% | |
| CTLT | C | -3.14% | |
| VZIO | C | -3.05% | |
| HES | C | -3.03% | |
| LBPH | A | -2.77% | |
| SRCL | B | -2.68% | |
| MGRC | B | -2.65% | |
| FYBR | D | -2.62% | |
| CHX | D | -2.5% | |
| ENV | B | -2.37% | |
| SRDX | C | -2.23% | |
| RCM | B | -2.07% | |
| MRO | B | -1.97% | |
| IBTX | B | -1.94% | |
| WSC | F | --0.98% | |
| SSB | B | --1.96% | |
| COP | C | --1.99% | |
| SNPS | B | --2.09% | |
| CVX | B | --3.53% | |
| SLB | D | --3.78% | |
| COF | B | --4.43% | |
| UMBF | B | --7.15% |
BIS: Top Represented Industries & Keywords
MARB: Top Represented Industries & Keywords
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