BIS vs. EVNT ETF Comparison

Comparison of ProShares UltraShort Nasdaq Biotechnology (BIS) to AltShares Event-Driven ETF (EVNT)
BIS

ProShares UltraShort Nasdaq Biotechnology

BIS Description

The investment seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the Nasdaq Biotechnology Index®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index is a modified capitalization weighted index that includes securities of NASDAQ listed companies that are classified as either biotechnology or pharmaceutical according to the Industry Classification Benchmark ("ICB") which also meet other eligibility criteria determined by NASDAQ. It is non-diversified.

Grade (RS Rating)

Last Trade

$16.67

Average Daily Volume

13,744

Number of Holdings *

73

* may have additional holdings in another (foreign) market
EVNT

AltShares Event-Driven ETF

EVNT Description AltShares Event-Driven ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. The fund invests in the public equity and fixed income markets across the globe. For its equity portion, the fund invests in stocks of companies operating across diversified sectors. It invests in event-driven/arbitrage stocks of companies across diversified market capitalization. The fund invests in fixed income securities with varying maturities. AltShares Event-Driven ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$10.67

Average Daily Volume

482

Number of Holdings *

44

* may have additional holdings in another (foreign) market
Performance
Period BIS EVNT
30 Days 7.34% 0.52%
60 Days 11.36% 0.81%
90 Days 16.52% 2.10%
12 Months -28.39% 7.44%
0 Overlapping Holdings
Symbol Grade Weight in BIS Weight in EVNT Overlap
BIS Overweight 73 Positions Relative to EVNT
Symbol Grade Weight
AMGN D 8.14%
GILD C 7.41%
VRTX F 7.21%
BIIB F 6.12%
ILMN D 5.67%
REGN F 4.13%
INCY C 2.09%
BMRN D 1.91%
ALNY D 1.6%
VTRS A 1.35%
SNY F 1.29%
NBIX C 1.16%
SRPT D 1.15%
NVCR C 1.1%
JAZZ B 1.03%
TECH D 1.02%
IONS F 1.02%
GH B 0.96%
AMRN F 0.85%
MRNA F 0.83%
BGNE D 0.83%
ACAD D 0.81%
ASND D 0.77%
EXEL B 0.73%
ARWR F 0.65%
BLUE F 0.65%
BBIO F 0.51%
ALLK D 0.49%
UTHR C 0.49%
NKTR F 0.48%
SAGE F 0.48%
BPMC C 0.48%
FGEN D 0.47%
AGIO C 0.43%
CRSP D 0.42%
RARE D 0.42%
ADPT C 0.42%
MEDP D 0.4%
PTCT B 0.4%
ARGX A 0.4%
AXSM B 0.38%
ALLO F 0.37%
GRFS C 0.36%
IOVA F 0.36%
ALKS B 0.36%
KOD C 0.35%
HALO F 0.35%
QURE D 0.35%
FOLD F 0.32%
APLS D 0.31%
XNCR B 0.26%
MYGN F 0.26%
DNLI D 0.26%
ZLAB C 0.24%
IRWD F 0.24%
ARVN D 0.24%
INSM C 0.23%
FATE F 0.23%
PCRX C 0.22%
GLPG D 0.22%
ITCI C 0.21%
RGNX F 0.21%
ESPR C 0.19%
EDIT F 0.19%
LGND B 0.19%
INVA D 0.18%
VCYT B 0.18%
ALEC F 0.18%
TBPH C 0.17%
YMAB F 0.16%
CHRS D 0.16%
HCM D 0.15%
SUPN C 0.15%
BIS Underweight 44 Positions Relative to EVNT
Symbol Grade Weight
HES B -4.35%
CTLT B -3.94%
HA D -3.73%
HCP B -3.69%
JNPR F -3.35%
PETQ D -3.29%
AMED F -3.17%
PRFT D -3.16%
AXNX C -2.98%
ANSS B -2.82%
CHX C -2.68%
MGRC B -2.56%
SRCL C -2.55%
X C -1.88%
CCI D -1.78%
INST C -1.77%
K A -1.74%
MRO B -1.54%
ENV B -1.51%
EDR A -1.48%
SILK F -1.46%
ESGR B -1.4%
VZIO A -1.21%
RCM F -1.19%
DIS B -1.07%
SQSP F -0.98%
CHUY D -0.96%
CPRI F -0.92%
AURA D -0.86%
PVH C -0.85%
PARA C -0.83%
CZR F -0.81%
PACB F -0.81%
VFC C -0.78%
GTHX D -0.77%
WBD C -0.76%
RIVN F -0.76%
SNOW C -0.74%
EVRI A -0.7%
BE B -0.51%
ACI C -0.42%
CLSD F -0.33%
WSC D --0.9%
SNPS B --1.24%
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