BIS vs. BRKW
BIS (ProShares UltraShort Nasdaq Biotechnology) and BRKW (Roundhill BRKB WeeklyPay ETF) are both exchange-traded funds - BIS is a Leveraged Equities fund tracking the NASDAQ Biotechnology Index (-200%), while BRKW is a Derivative Income fund actively managed by Roundhill. BIS is passively managed, while BRKW is actively managed. At a correlation of -0.14, they often move in opposite directions. BIS charges 0.95%/yr vs 0.99%/yr for BRKW.
Performance
BIS vs. BRKW - Performance Comparison
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Returns By Period
In the year-to-date period, BIS achieves a -6.36% return, which is significantly higher than BRKW's -7.76% return.
BIS
- 1D
- -3.65%
- 1M
- 2.35%
- YTD
- -6.36%
- 6M
- -4.11%
- 1Y
- -49.58%
- 3Y*
- -21.43%
- 5Y*
- -14.49%
- 10Y*
- -23.34%
BRKW
- 1D
- 0.91%
- 1M
- 1.58%
- YTD
- -7.76%
- 6M
- -8.63%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BIS vs. BRKW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BIS ProShares UltraShort Nasdaq Biotechnology | -6.36% | -45.41% |
BRKW Roundhill BRKB WeeklyPay ETF | -7.76% | 2.09% |
Correlation
The correlation between BIS and BRKW is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025 | -0.14 |
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Return for Risk
BIS vs. BRKW — Risk / Return Rank
BIS
BRKW
BIS vs. BRKW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Nasdaq Biotechnology (BIS) and Roundhill BRKB WeeklyPay ETF (BRKW). 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.
| BIS | BRKW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.78 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | — | — |
| Martin ratioReturn relative to average drawdown | -1.25 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BIS | BRKW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.25 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.67 | -0.36 | -0.32 |
Drawdowns
BIS vs. BRKW - Drawdown Comparison
The maximum BIS drawdown since its inception was -99.87%, which is greater than BRKW's maximum drawdown of -12.64%. Use the drawdown chart below to compare losses from any high point for BIS and BRKW.
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Drawdown Indicators
| BIS | BRKW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.87% | -12.64% | -87.23% |
Max Drawdown (1Y)Largest decline over 1 year | -54.50% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -66.87% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -74.80% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -95.25% | — | — |
Current DrawdownCurrent decline from peak | -99.85% | -10.70% | -89.15% |
Average DrawdownAverage peak-to-trough decline | -90.03% | -5.34% | -84.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.59% | — | — |
Volatility
BIS vs. BRKW - Volatility Comparison
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Volatility by Period
| BIS | BRKW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.87% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 30.95% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 39.68% | 17.23% | +22.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.74% | 17.23% | +26.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.36% | 17.23% | +29.13% |
BIS vs. BRKW - Expense Ratio Comparison
BIS has a 0.95% expense ratio, which is lower than BRKW's 0.99% expense ratio.
Dividends
BIS vs. BRKW - Dividend Comparison
BIS's dividend yield for the trailing twelve months is around 4.92%, less than BRKW's 25.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BIS ProShares UltraShort Nasdaq Biotechnology | 4.92% | 5.25% | 3.73% | 1.75% | 0.00% | 0.00% | 0.45% | 2.11% | 0.37% |
BRKW Roundhill BRKB WeeklyPay ETF | 25.19% | 14.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BIS and BRKW have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BIS is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BIS is cheaper with a 0.95% expense ratio, compared with 0.99% for BRKW.
BRKW has the higher dividend yield at 25.19%, compared with 4.92% for BIS.
BIS is categorized as Leveraged Equities, while BRKW is Derivative Income. They also come from different issuers: ProShares and Roundhill. Their fees differ too: 0.95% for BIS and 0.99% for BRKW.
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