ProShares UltraShort Nasdaq Biotechnology (BIS)
BIS is a passive ETF by ProShares tracking the investment results of the NASDAQ Biotechnology Index (-200%). BIS launched on Apr 7, 2010 and has a 0.95% expense ratio.
Share Price Chart
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Performance
The chart shows the growth of $10,000 invested in ProShares UltraShort Nasdaq Biotechnology in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $46 for a total return of roughly -99.54%. All prices are adjusted for splits and dividends.
Compare to other instruments
Return
ProShares UltraShort Nasdaq Biotechnology had a return of 10.79% year-to-date (YTD) and -8.69% in the last 12 months. Over the past 10 years, ProShares UltraShort Nasdaq Biotechnology had an annualized return of -31.83%, while the S&P 500 had an annualized return of 9.64%, indicating that ProShares UltraShort Nasdaq Biotechnology did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | 12.98% | -3.20% |
| Year-To-Date | 10.79% | 2.84% |
| 6 months | -14.43% | 4.19% |
| 1 year | -8.69% | -12.48% |
| 5 years (annualized) | -23.97% | 8.83% |
| 10 years (annualized) | -31.83% | 9.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | -6.87% | 13.72% | ||||||||||
| 2022 | 2.52% | -17.13% | -11.41% | 5.88% |
Dividend History
ProShares UltraShort Nasdaq Biotechnology granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.10 | $1.13 | $0.34 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.44% | 2.11% | 0.38% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares UltraShort Nasdaq Biotechnology. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | ||||||||||
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.17 |
| 2018 | $0.07 | $0.00 | $0.00 | $0.27 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the ProShares UltraShort Nasdaq Biotechnology. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the ProShares UltraShort Nasdaq Biotechnology is 99.76%, recorded on Sep 2, 2021. The portfolio has not recovered from it yet.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -99.76% | Jul 7, 2010 | 2717 | Sep 2, 2021 | — | — | — |
| -13.04% | Jun 10, 2010 | 3 | Jun 15, 2010 | 9 | Jul 1, 2010 | 12 |
| -11.83% | May 7, 2010 | 4 | May 12, 2010 | 5 | May 20, 2010 | 9 |
| -9.45% | May 27, 2010 | 4 | Jun 3, 2010 | 2 | Jun 8, 2010 | 6 |
| -6.59% | Apr 28, 2010 | 2 | Apr 29, 2010 | 4 | May 5, 2010 | 6 |
| -2.89% | Apr 9, 2010 | 5 | Apr 15, 2010 | 4 | Apr 21, 2010 | 9 |
| -1.87% | Apr 23, 2010 | 1 | Apr 23, 2010 | 2 | Apr 27, 2010 | 3 |
| -1.43% | Jul 2, 2010 | 1 | Jul 2, 2010 | 1 | Jul 6, 2010 | 2 |
Volatility Chart
Current ProShares UltraShort Nasdaq Biotechnology volatility is 46.16%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.