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BIB vs. ARKG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BIB and ARKG is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Performance

BIB vs. ARKG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Nasdaq Biotechnology (BIB) and ARK Genomic Revolution Multi-Sector ETF (ARKG). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BIB:

-0.54

ARKG:

-0.38

Sortino Ratio

BIB:

-0.46

ARKG:

-0.31

Omega Ratio

BIB:

0.94

ARKG:

0.97

Calmar Ratio

BIB:

-0.34

ARKG:

-0.22

Martin Ratio

BIB:

-1.20

ARKG:

-1.24

Ulcer Index

BIB:

18.71%

ARKG:

14.90%

Daily Std Dev

BIB:

44.47%

ARKG:

46.42%

Max Drawdown

BIB:

-67.24%

ARKG:

-83.59%

Current Drawdown

BIB:

-60.74%

ARKG:

-80.49%

Returns By Period

In the year-to-date period, BIB achieves a -14.99% return, which is significantly lower than ARKG's -7.41% return. Over the past 10 years, BIB has underperformed ARKG with an annualized return of -6.59%, while ARKG has yielded a comparatively higher 0.19% annualized return.


BIB

YTD

-14.99%

1M

5.50%

6M

-19.12%

1Y

-24.00%

5Y*

-8.55%

10Y*

-6.59%

ARKG

YTD

-7.41%

1M

4.81%

6M

-3.80%

1Y

-17.77%

5Y*

-13.24%

10Y*

0.19%

*Annualized

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BIB vs. ARKG - Expense Ratio Comparison

BIB has a 0.95% expense ratio, which is higher than ARKG's 0.75% expense ratio.


Risk-Adjusted Performance

BIB vs. ARKG — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BIB
The Risk-Adjusted Performance Rank of BIB is 44
Overall Rank
The Sharpe Ratio Rank of BIB is 44
Sharpe Ratio Rank
The Sortino Ratio Rank of BIB is 55
Sortino Ratio Rank
The Omega Ratio Rank of BIB is 55
Omega Ratio Rank
The Calmar Ratio Rank of BIB is 44
Calmar Ratio Rank
The Martin Ratio Rank of BIB is 33
Martin Ratio Rank

ARKG
The Risk-Adjusted Performance Rank of ARKG is 66
Overall Rank
The Sharpe Ratio Rank of ARKG is 66
Sharpe Ratio Rank
The Sortino Ratio Rank of ARKG is 77
Sortino Ratio Rank
The Omega Ratio Rank of ARKG is 88
Omega Ratio Rank
The Calmar Ratio Rank of ARKG is 77
Calmar Ratio Rank
The Martin Ratio Rank of ARKG is 22
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BIB vs. ARKG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Nasdaq Biotechnology (BIB) and ARK Genomic Revolution Multi-Sector ETF (ARKG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The current BIB Sharpe Ratio is -0.54, which is lower than the ARKG Sharpe Ratio of -0.38. The chart below compares the historical Sharpe Ratios of BIB and ARKG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

BIB vs. ARKG - Dividend Comparison

BIB's dividend yield for the trailing twelve months is around 2.20%, while ARKG has not paid dividends to shareholders.


TTM20242023202220212020201920182017
BIB
ProShares Ultra Nasdaq Biotechnology
2.20%1.69%0.07%0.03%0.00%0.00%0.00%0.00%0.00%
ARKG
ARK Genomic Revolution Multi-Sector ETF
0.00%0.00%0.00%0.00%0.62%0.85%3.14%1.94%1.34%

Drawdowns

BIB vs. ARKG - Drawdown Comparison

The maximum BIB drawdown since its inception was -67.24%, smaller than the maximum ARKG drawdown of -83.59%. Use the drawdown chart below to compare losses from any high point for BIB and ARKG. For additional features, visit the drawdowns tool.


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Volatility

BIB vs. ARKG - Volatility Comparison

ProShares Ultra Nasdaq Biotechnology (BIB) has a higher volatility of 20.70% compared to ARK Genomic Revolution Multi-Sector ETF (ARKG) at 14.24%. This indicates that BIB's price experiences larger fluctuations and is considered to be riskier than ARKG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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