BIS vs. VGT
BIS (ProShares UltraShort Nasdaq Biotechnology) and VGT (Vanguard Information Technology ETF) are both exchange-traded funds - BIS is a Leveraged Equities fund tracking the NASDAQ Biotechnology Index (-200%), while VGT is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past 10 years, BIS returned -25.94%/yr vs 25.96%/yr for VGT. At a correlation of -0.56, they often move in opposite directions. BIS charges 0.95%/yr vs 0.09%/yr for VGT.
Performance
BIS vs. VGT - Performance Comparison
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Returns By Period
In the year-to-date period, BIS achieves a -16.48% return, which is significantly lower than VGT's 28.03% return. Over the past 10 years, BIS has underperformed VGT with an annualized return of -25.94%, while VGT has yielded a comparatively higher 25.96% annualized return.
BIS
- 1D
- -3.68%
- 1M
- -8.41%
- YTD
- -16.48%
- 6M
- -12.83%
- 1Y
- -54.85%
- 3Y*
- -24.54%
- 5Y*
- -14.79%
- 10Y*
- -25.94%
VGT
- 1D
- 0.39%
- 1M
- 4.11%
- YTD
- 28.03%
- 6M
- 26.85%
- 1Y
- 54.06%
- 3Y*
- 31.77%
- 5Y*
- 20.58%
- 10Y*
- 25.96%
BIS vs. VGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIS ProShares UltraShort Nasdaq Biotechnology | -16.48% | -45.95% | 4.79% | -6.54% | -2.14% | -14.74% | -56.01% | -41.01% | 5.14% | -36.98% |
VGT Vanguard Information Technology ETF | 28.03% | 21.77% | 29.30% | 52.66% | -29.70% | 30.45% | 46.04% | 48.62% | 2.46% | 37.08% |
Correlation
The correlation between BIS and VGT is -0.31, 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 (1Y) Calculated over the trailing 1-year period | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2010 | -0.56 |
Over the past year, the inverse relationship between BIS and VGT has weakened: their correlation has moved from -0.56 to -0.31, meaning they move in opposite directions less often than they have historically.
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Return for Risk
BIS vs. VGT — Risk / Return Rank
BIS
VGT
BIS vs. VGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Nasdaq Biotechnology (BIS) and Vanguard Information Technology ETF (VGT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BIS | VGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.78 | ||
| Sortino ratioReturn per unit of downside risk | -5.26 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.40 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 3.31 | -4.31 |
| Martin ratioReturn relative to average drawdown | -1.33 | 10.16 | -11.49 |
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Drawdowns
BIS vs. VGT - Drawdown Comparison
The maximum BIS drawdown since its inception was -99.87%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for BIS and VGT.
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Drawdown Indicators
| BIS | VGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.87% | -54.63% | -45.24% |
Max Drawdown (1Y)Largest decline over 1 year | -55.15% | -16.40% | -38.75% |
Max Drawdown (3Y)Largest decline over 3 years | -67.35% | -27.23% | -40.12% |
Max Drawdown (5Y)Largest decline over 5 years | -75.16% | -35.07% | -40.09% |
Max Drawdown (10Y)Largest decline over 10 years | -95.32% | -35.07% | -60.25% |
Current DrawdownCurrent decline from peak | -99.87% | -4.18% | -95.69% |
Average DrawdownAverage peak-to-trough decline | -90.04% | -7.95% | -82.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.17% | 5.34% | +35.83% |
Volatility
BIS vs. VGT - Volatility Comparison
ProShares UltraShort Nasdaq Biotechnology (BIS) has a higher volatility of 13.78% compared to Vanguard Information Technology ETF (VGT) at 10.66%. This indicates that BIS's price experiences larger fluctuations and is considered to be riskier than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIS | VGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.78% | 10.66% | +3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 32.11% | 18.19% | +13.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.56% | 22.44% | +18.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.79% | 25.50% | +18.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.37% | 24.78% | +21.59% |
BIS vs. VGT - Expense Ratio Comparison
BIS has a 0.95% expense ratio, which is higher than VGT's 0.09% expense ratio.
Dividends
BIS vs. VGT - Dividend Comparison
BIS's dividend yield for the trailing twelve months is around 5.51%, more than VGT's 0.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIS ProShares UltraShort Nasdaq Biotechnology | 5.51% | 5.25% | 3.73% | 1.75% | 0.00% | 0.00% | 0.45% | 2.11% | 0.37% | 0.00% | 0.00% | 0.00% |
VGT Vanguard Information Technology ETF | 0.32% | 0.40% | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% |
Frequently Asked Questions
BIS and VGT have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIS has higher volatility (13.78%) compared to VGT (10.66%). In terms of maximum drawdown, BIS dropped -99.87% vs VGT's -54.63%.
On 10-year performance, VGT leads with 25.96% vs -25.94% for BIS. On fees, VGT is cheaper at 0.09% per year. On volatility, VGT has been the lower-risk option at 10.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VGT has performed better with a 25.96% return vs -25.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGT is cheaper with a 0.09% expense ratio, compared with 0.95% for BIS.
BIS has the higher dividend yield at 5.51%, compared with 0.32% for VGT.
BIS is categorized as Leveraged Equities, while VGT is Technology Equities. BIS tracks NASDAQ Biotechnology Index (-200%), while VGT tracks MSCI USA IMI Information Technology 25/50 Index. They also come from different issuers: ProShares and Vanguard. Their fees differ too: 0.95% for BIS and 0.09% for VGT.
VGT currently has the higher Sharpe Ratio (2.43 vs -1.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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