CMGG vs. BIS

Last updated Apr 2, 2026

Compare and contrast key facts about Leverage Shares 2X Long CMG Daily ETF (CMGG) and ProShares UltraShort Nasdaq Biotechnology (BIS).

CMGG and BIS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CMGG is an actively managed fund by Leverage Shares. It was launched on Nov 17, 2025. 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.

Performance

CMGG vs. BIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long CMG Daily ETF (CMGG) and ProShares UltraShort Nasdaq Biotechnology (BIS). The values are adjusted to include any dividend payments, if applicable.

CMGG vs. BIS - Yearly Performance Comparison

	2026 (YTD)	2025
CMGG Leverage Shares 2X Long CMG Daily ETF	-27.16%	43.86%
BIS ProShares UltraShort Nasdaq Biotechnology	-7.72%	-4.80%

Returns By Period

In the year-to-date period, CMGG achieves a -27.16% return, which is significantly lower than BIS's -7.72% return.

CMGG

• 1D: 3.93%
• 1M: -22.70%
• YTD: -27.16%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BIS

• 1D: -1.62%
• 1M: 3.02%
• YTD: -7.72%
• 6M: -28.73%
• 1Y: -54.25%
• 3Y*: -22.09%
• 5Y*: -15.41%
• 10Y*: -24.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CMGG vs. BIS - Expense Ratio Comparison

CMGG has a 0.75% expense ratio, which is lower than BIS's 0.95% expense ratio.

BIS

ProShares UltraShort Nasdaq Biotechnology

CMGG

Leverage Shares 2X Long CMG Daily ETF

Return for Risk

CMGG vs. BIS — Risk / Return Rank

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

BIS

BIS Risk / Return Rank: 1
BIS Sharpe Ratio Rank: 0
BIS Sortino Ratio Rank: 0
BIS Omega Ratio Rank: 0
BIS Calmar Ratio Rank: 1
BIS Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CMGG vs. BIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long CMG Daily ETF (CMGG) and ProShares UltraShort Nasdaq Biotechnology (BIS). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CMGG	BIS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.17	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.36	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	-0.68	+0.88

Correlation

The correlation between CMGG and BIS is -0.33. 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.

Dividends

CMGG vs. BIS - Dividend Comparison

CMGG has not paid dividends to shareholders, while BIS's dividend yield for the trailing twelve months is around 4.99%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CMGG Leverage Shares 2X Long CMG Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BIS ProShares UltraShort Nasdaq Biotechnology	4.99%	5.25%	3.73%	1.75%	0.00%	0.00%	0.45%	2.11%	0.37%

Drawdowns

CMGG vs. BIS - Drawdown Comparison

The maximum CMGG drawdown since its inception was -45.77%, smaller than the maximum BIS drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for CMGG and BIS.

Drawdown Indicators

	CMGG	BIS	Difference
Max Drawdown Largest peak-to-trough decline	-45.77%	-99.86%	+54.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-64.06%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-73.87%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-95.07%	—
Current Drawdown Current decline from peak	-39.60%	-99.85%	+60.25%
Average Drawdown Average peak-to-trough decline	-13.00%	-89.93%	+76.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	46.44%	—

Volatility

Volatility by Period

	CMGG	BIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	68.82%	47.01%	+21.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.82%	43.50%	+25.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.82%	46.64%	+22.18%