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

Correlation

The correlation between BIB and SPY is 0.63, 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.


-0.50.00.51.0
Correlation: 0.6

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Performance

BIB vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Nasdaq Biotechnology (BIB) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

-40.00%-30.00%-20.00%-10.00%0.00%10.00%NovemberDecember2025FebruaryMarchApril
-33.21%
-4.17%
BIB
SPY

Key characteristics

Sharpe Ratio

BIB:

-0.64

SPY:

-0.09

Sortino Ratio

BIB:

-0.71

SPY:

-0.02

Omega Ratio

BIB:

0.91

SPY:

1.00

Calmar Ratio

BIB:

-0.38

SPY:

-0.09

Martin Ratio

BIB:

-1.73

SPY:

-0.45

Ulcer Index

BIB:

13.95%

SPY:

3.31%

Daily Std Dev

BIB:

37.56%

SPY:

15.87%

Max Drawdown

BIB:

-67.24%

SPY:

-55.19%

Current Drawdown

BIB:

-63.03%

SPY:

-17.32%

Returns By Period

In the year-to-date period, BIB achieves a -19.95% return, which is significantly lower than SPY's -13.53% return. Over the past 10 years, BIB has underperformed SPY with an annualized return of -6.25%, while SPY has yielded a comparatively higher 11.25% annualized return.


BIB

YTD

-19.95%

1M

-26.24%

6M

-34.36%

1Y

-22.32%

5Y*

-1.73%

10Y*

-6.25%

SPY

YTD

-13.53%

1M

-13.08%

6M

-11.25%

1Y

-0.26%

5Y*

17.01%

10Y*

11.25%

*Annualized

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SPDR S&P 500 ETF

BIB vs. SPY - Expense Ratio Comparison

BIB has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.


Expense ratio chart for BIB: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BIB: 0.95%
Expense ratio chart for SPY: current value is 0.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPY: 0.09%

Risk-Adjusted Performance

BIB vs. SPY — 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 77
Overall Rank
The Sharpe Ratio Rank of BIB is 66
Sharpe Ratio Rank
The Sortino Ratio Rank of BIB is 66
Sortino Ratio Rank
The Omega Ratio Rank of BIB is 77
Omega Ratio Rank
The Calmar Ratio Rank of BIB is 1212
Calmar Ratio Rank
The Martin Ratio Rank of BIB is 66
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 2121
Overall Rank
The Sharpe Ratio Rank of SPY is 2222
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 2121
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 2121
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 2222
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 2020
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. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Nasdaq Biotechnology (BIB) and SPDR S&P 500 ETF (SPY). 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 chart of Sharpe ratio for BIB, currently valued at -0.58, compared to the broader market-1.000.001.002.003.004.005.00
BIB: -0.58
SPY: 0.37
The chart of Sortino ratio for BIB, currently valued at -0.61, compared to the broader market-2.000.002.004.006.008.0010.00
BIB: -0.61
SPY: 0.68
The chart of Omega ratio for BIB, currently valued at 0.93, compared to the broader market0.501.001.502.002.50
BIB: 0.93
SPY: 1.10
The chart of Calmar ratio for BIB, currently valued at -0.34, compared to the broader market0.005.0010.0015.00
BIB: -0.34
SPY: 0.38
The chart of Martin ratio for BIB, currently valued at -1.55, compared to the broader market0.0020.0040.0060.0080.00
BIB: -1.55
SPY: 1.90

The current BIB Sharpe Ratio is -0.64, which is lower than the SPY Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of BIB and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
-0.58
0.37
BIB
SPY

Dividends

BIB vs. SPY - Dividend Comparison

BIB's dividend yield for the trailing twelve months is around 2.34%, more than SPY's 1.42% yield.


TTM20242023202220212020201920182017201620152014
BIB
ProShares Ultra Nasdaq Biotechnology
2.32%1.69%0.07%0.03%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
1.31%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

BIB vs. SPY - Drawdown Comparison

The maximum BIB drawdown since its inception was -67.24%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BIB and SPY. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-62.84%
-10.22%
BIB
SPY

Volatility

BIB vs. SPY - Volatility Comparison

ProShares Ultra Nasdaq Biotechnology (BIB) has a higher volatility of 19.83% compared to SPDR S&P 500 ETF (SPY) at 13.87%. This indicates that BIB's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
19.83%
13.87%
BIB
SPY

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