UBIOProShares UltraPro Nasdaq Biotechnology
UBIO Fund Description
UBIO provides 3x daily exposure to a market-cap-weighted index of biotechnology and pharmaceutical companies listed on NASDAQ.
UBIO Factset Analytics Insight
UBIO offers 3x the daily gains and losses of its index, which is tracked in unlevered form by the hugely popular IBB, from iShares. That means it inherits all of IBB’s quirks—most notably its NASDAQ-only listing requirement, and its inclusion of a good number of pharmaceutical companies outside of the pure-play biotech space. UBIO gains its leverage through a mix of equity and swap agreements, and resets its exposure daily. Like all geared funds that rebalance daily, UBIO is meant for short-term trading, since compounding effects over the long term could create vast differences from expected returns relative to the index—for good or for ill. Note that 2x exposure to the same index can be had from sibling fund BIB. UBIO competes with Direxion’s LABU, which tracks a triple-levered S&P index.
UBIO MSCI ESG Analytics Insight
ProShares UltraPro Nasdaq Biotechnology has an MSCI ESG Fund Rating of BB based on a score of 4.18 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. ProShares UltraPro Nasdaq Biotechnology ranks in the 22nd percentile within its peer group and in the 26th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
UBIO CHARTS AND PERFORMANCE
UBIO Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of UBIO. UBIO is rated a N/A out of 5.