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ZBIO

ProShares UltraPro Short Nasdaq Biotechnology
ETF.com segment:
Inverse Equity: U.S. Biotech
Competing ETFs: BIS, LABD
Related ETF Channels: North America, Biotech, U.S., Equity, Sectors, Healthcare, Inverse, Biotechnology, NASDAQ Biotechnology Index, Exchange-specific
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*Unless otherwise stated, data provided by FactSet.

ZBIO Fund Description

ZBIO provides -3x daily exposure to a market-cap-weighted index of biotechnology and pharmaceutical companies listed on the NASDAQ.

ZBIO Factset Analytics Insight

ZBIO is the newest inverse play on the NASDAQ Biotechnology Index, this one being -3x the exposure of the daily gains of the index, as opposed to the relatively successful -2x iteration of sister fund BIS. The fund gains its -3x exposure to the index through swap agreements, and rebalances its exposure daily. ZBIO is the second triple-inverse biotech fund, following hot on the heels of Direxion’s LABD, which was launched a month earlier. Like all geared funds that rebalance daily, ZBIO 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. Trade this fund with limit orders.

ZBIO Charts And Performance

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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Select ETFs to compare their performance:
PERFORMANCE [as of 02/19/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ZBIO -5.73% -25.30% -9.03% -39.54% -37.37% -- --
ZBIO (NAV) -5.77% -25.20% -9.04% -39.46% -37.30% -- --
NASDAQ Biotechnology Index 1.43% 9.10% 2.51% 11.44% 8.56% 2.72% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

ZBIO Summary Data

ProShares
06/23/15
Open-Ended Fund
0.95%
$2.99M
0.43%
Fund Home Page

ZBIO Portfolio Data

0.56%
03/25/20

ZBIO Index Data

NASDAQ Biotechnology Index
Market Cap
NASDAQ - Listed
N/A

ZBIO Fund Structure

Yes
No
No Policy
N/A
N/A
High
-3
Daily

ZBIO Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

ZBIO Factset Analytics Block Liquidity

As of 02/20/20
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of ZBIO. ZBIO is rated a N/A out of 5.

ZBIO Tradability

20,714
$192.08K
19,002
$171.75K
0.43%
$0.04
0.08%
2.37% / -3.18%
None
0.00%
50,000
0.38
0.06%
--
482
$8.34
N/A