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BIS vs. IBBQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BIS and IBBQ is 0.61, 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

Performance

BIS vs. IBBQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Nasdaq Biotechnology (BIS) and Invesco Nasdaq Biotechnology ETF (IBBQ). The values are adjusted to include any dividend payments, if applicable.

-20.00%-10.00%0.00%10.00%20.00%30.00%NovemberDecember2025FebruaryMarchApril
7.58%
-16.50%
BIS
IBBQ

Key characteristics

Sharpe Ratio

BIS:

-0.01

IBBQ:

0.00

Sortino Ratio

BIS:

0.29

IBBQ:

0.15

Omega Ratio

BIS:

1.03

IBBQ:

1.02

Calmar Ratio

BIS:

-0.01

IBBQ:

0.00

Martin Ratio

BIS:

-0.03

IBBQ:

0.01

Ulcer Index

BIS:

19.51%

IBBQ:

7.77%

Daily Std Dev

BIS:

42.05%

IBBQ:

20.79%

Max Drawdown

BIS:

-99.77%

IBBQ:

-37.94%

Current Drawdown

BIS:

-99.69%

IBBQ:

-22.36%

Returns By Period

In the year-to-date period, BIS achieves a 5.59% return, which is significantly higher than IBBQ's -4.01% return.


BIS

YTD

5.59%

1M

8.23%

6M

25.01%

1Y

-2.08%

5Y*

-12.14%

10Y*

-17.12%

IBBQ

YTD

-4.01%

1M

-5.38%

6M

-11.77%

1Y

0.67%

5Y*

N/A

10Y*

N/A

*Annualized

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BIS vs. IBBQ - Expense Ratio Comparison

BIS has a 0.95% expense ratio, which is higher than IBBQ's 0.00% expense ratio.


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

Risk-Adjusted Performance

BIS vs. IBBQ — Risk-Adjusted Performance Rank

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

BIS
The Risk-Adjusted Performance Rank of BIS is 2424
Overall Rank
The Sharpe Ratio Rank of BIS is 2121
Sharpe Ratio Rank
The Sortino Ratio Rank of BIS is 3030
Sortino Ratio Rank
The Omega Ratio Rank of BIS is 2727
Omega Ratio Rank
The Calmar Ratio Rank of BIS is 2121
Calmar Ratio Rank
The Martin Ratio Rank of BIS is 2121
Martin Ratio Rank

IBBQ
The Risk-Adjusted Performance Rank of IBBQ is 2222
Overall Rank
The Sharpe Ratio Rank of IBBQ is 2222
Sharpe Ratio Rank
The Sortino Ratio Rank of IBBQ is 2222
Sortino Ratio Rank
The Omega Ratio Rank of IBBQ is 2222
Omega Ratio Rank
The Calmar Ratio Rank of IBBQ is 2222
Calmar Ratio Rank
The Martin Ratio Rank of IBBQ is 2222
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.

BIS vs. IBBQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Nasdaq Biotechnology (BIS) and Invesco Nasdaq Biotechnology ETF (IBBQ). 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 BIS, currently valued at -0.01, compared to the broader market-1.000.001.002.003.004.00
BIS: -0.01
IBBQ: 0.00
The chart of Sortino ratio for BIS, currently valued at 0.29, compared to the broader market-2.000.002.004.006.008.00
BIS: 0.29
IBBQ: 0.15
The chart of Omega ratio for BIS, currently valued at 1.03, compared to the broader market0.501.001.502.002.50
BIS: 1.03
IBBQ: 1.02
The chart of Calmar ratio for BIS, currently valued at -0.01, compared to the broader market0.002.004.006.008.0010.0012.00
BIS: -0.01
IBBQ: 0.00
The chart of Martin ratio for BIS, currently valued at -0.03, compared to the broader market0.0020.0040.0060.00
BIS: -0.03
IBBQ: 0.01

The current BIS Sharpe Ratio is -0.01, which is lower than the IBBQ Sharpe Ratio of 0.00. The chart below compares the historical Sharpe Ratios of BIS and IBBQ, 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-1.50-1.00-0.500.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
-0.01
0.00
BIS
IBBQ

Dividends

BIS vs. IBBQ - Dividend Comparison

BIS's dividend yield for the trailing twelve months is around 3.42%, more than IBBQ's 1.17% yield.


TTM2024202320222021202020192018
BIS
ProShares UltraShort Nasdaq Biotechnology
3.42%3.73%1.75%0.00%0.00%0.45%2.11%0.37%
IBBQ
Invesco Nasdaq Biotechnology ETF
1.17%1.14%0.81%0.76%0.62%0.00%0.00%0.00%

Drawdowns

BIS vs. IBBQ - Drawdown Comparison

The maximum BIS drawdown since its inception was -99.77%, which is greater than IBBQ's maximum drawdown of -37.94%. Use the drawdown chart below to compare losses from any high point for BIS and IBBQ. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%NovemberDecember2025FebruaryMarchApril
-41.90%
-22.36%
BIS
IBBQ

Volatility

BIS vs. IBBQ - Volatility Comparison

ProShares UltraShort Nasdaq Biotechnology (BIS) has a higher volatility of 24.60% compared to Invesco Nasdaq Biotechnology ETF (IBBQ) at 11.96%. This indicates that BIS's price experiences larger fluctuations and is considered to be riskier than IBBQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%25.00%NovemberDecember2025FebruaryMarchApril
24.60%
11.96%
BIS
IBBQ