BIS vs. FFTY
Compare and contrast key facts about ProShares UltraShort Nasdaq Biotechnology (BIS) and Innovator IBD 50 ETF (FFTY).
BIS and FFTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BIS is a passively managed fund by ProShares that tracks the performance of the NASDAQ Biotechnology Index (-200%). It was launched on Apr 7, 2010. FFTY is a passively managed fund by Innovator that tracks the performance of the IBD 50 Index. It was launched on Apr 9, 2015. Both BIS and FFTY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIS or FFTY.
Correlation
The correlation between BIS and FFTY is -0.62. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BIS vs. FFTY - Performance Comparison
Key characteristics
BIS:
-0.01
FFTY:
0.14
BIS:
0.29
FFTY:
0.40
BIS:
1.03
FFTY:
1.05
BIS:
-0.01
FFTY:
0.09
BIS:
-0.03
FFTY:
0.43
BIS:
19.51%
FFTY:
10.57%
BIS:
42.05%
FFTY:
31.70%
BIS:
-99.77%
FFTY:
-59.46%
BIS:
-99.69%
FFTY:
-46.35%
Returns By Period
In the year-to-date period, BIS achieves a 5.59% return, which is significantly higher than FFTY's -6.09% return. Over the past 10 years, BIS has underperformed FFTY with an annualized return of -17.12%, while FFTY has yielded a comparatively higher 1.46% annualized return.
BIS
5.59%
8.23%
25.01%
-2.08%
-12.14%
-17.12%
FFTY
-6.09%
-3.59%
-0.59%
3.00%
-1.44%
1.46%
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BIS vs. FFTY - Expense Ratio Comparison
BIS has a 0.95% expense ratio, which is higher than FFTY's 0.80% expense ratio.
Risk-Adjusted Performance
BIS vs. FFTY — Risk-Adjusted Performance Rank
BIS
FFTY
BIS vs. FFTY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Nasdaq Biotechnology (BIS) and Innovator IBD 50 ETF (FFTY). 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.
Dividends
BIS vs. FFTY - Dividend Comparison
BIS's dividend yield for the trailing twelve months is around 3.42%, more than FFTY's 0.96% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
BIS ProShares UltraShort Nasdaq Biotechnology | 3.42% | 3.73% | 1.75% | 0.00% | 0.00% | 0.45% | 2.11% | 0.37% | 0.00% |
FFTY Innovator IBD 50 ETF | 0.96% | 0.91% | 0.64% | 2.75% | 0.22% | 0.00% | 0.00% | 0.00% | 0.17% |
Drawdowns
BIS vs. FFTY - Drawdown Comparison
The maximum BIS drawdown since its inception was -99.77%, which is greater than FFTY's maximum drawdown of -59.46%. Use the drawdown chart below to compare losses from any high point for BIS and FFTY. For additional features, visit the drawdowns tool.
Volatility
BIS vs. FFTY - Volatility Comparison
ProShares UltraShort Nasdaq Biotechnology (BIS) has a higher volatility of 24.60% compared to Innovator IBD 50 ETF (FFTY) at 12.99%. This indicates that BIS's price experiences larger fluctuations and is considered to be riskier than FFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.