BIS vs. MNTL ETF Comparison
Comparison of ProShares UltraShort Nasdaq Biotechnology (BIS) to Tema Neuroscience and Mental Health ETF (MNTL)
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
$17.15
Average Daily Volume
14,128
73
MNTL
Tema Neuroscience and Mental Health ETF
MNTL Description
Under normal circumstances, the Tema Neuroscience and Mental Health ETF seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in neuroscience and mental health companies. A company is generally considered to be a neuroscience or mental health company that derives at least 50% of revenues from neuroscience or neurology-related diseases, or mental health. The fund is non-diversified.Grade (RS Rating)
Last Trade
$25.32
Average Daily Volume
219
37
Performance
| Period | BIS | MNTL |
|---|---|---|
| 30 Days | 14.68% | -7.31% |
| 60 Days | 21.35% | -7.67% |
| 90 Days | 19.61% | -8.32% |
| 12 Months | -26.18% |
17 Overlapping Holdings
| Symbol | Grade | Weight in BIS | Weight in MNTL | Overlap | |
|---|---|---|---|---|---|
| ACAD | C | 0.81% | 1.61% | 0.81% | |
| ALEC | F | 0.18% | 0.67% | 0.18% | |
| ALKS | C | 0.36% | 1.47% | 0.36% | |
| ALNY | D | 1.6% | 4.52% | 1.6% | |
| ARGX | A | 0.4% | 4.48% | 0.4% | |
| ARVN | F | 0.24% | 0.46% | 0.24% | |
| AXSM | B | 0.38% | 1.96% | 0.38% | |
| BIIB | F | 6.12% | 3.57% | 3.57% | |
| DNLI | D | 0.26% | 2.26% | 0.26% | |
| IONS | F | 1.02% | 2.66% | 1.02% | |
| ITCI | B | 0.21% | 2.54% | 0.21% | |
| JAZZ | B | 1.03% | 1.81% | 1.03% | |
| NBIX | C | 1.16% | 4.14% | 1.16% | |
| PTCT | B | 0.4% | 1.18% | 0.4% | |
| REGN | F | 4.13% | 4.53% | 4.13% | |
| SRPT | F | 1.15% | 1.88% | 1.15% | |
| VRTX | D | 7.21% | 8.52% | 7.21% |
BIS Overweight 56 Positions Relative to MNTL
| Symbol | Grade | Weight | |
|---|---|---|---|
| AMGN | D | 8.14% | |
| GILD | B | 7.41% | |
| ILMN | C | 5.67% | |
| INCY | C | 2.09% | |
| BMRN | F | 1.91% | |
| VTRS | A | 1.35% | |
| SNY | F | 1.29% | |
| NVCR | C | 1.1% | |
| TECH | F | 1.02% | |
| GH | B | 0.96% | |
| AMRN | F | 0.85% | |
| MRNA | F | 0.83% | |
| BGNE | D | 0.83% | |
| ASND | F | 0.77% | |
| EXEL | B | 0.73% | |
| ARWR | D | 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 | F | 0.47% | |
| AGIO | C | 0.43% | |
| CRSP | D | 0.42% | |
| RARE | F | 0.42% | |
| ADPT | C | 0.42% | |
| MEDP | F | 0.4% | |
| ALLO | F | 0.37% | |
| GRFS | C | 0.36% | |
| IOVA | F | 0.36% | |
| KOD | B | 0.35% | |
| HALO | F | 0.35% | |
| QURE | D | 0.35% | |
| FOLD | F | 0.32% | |
| APLS | F | 0.31% | |
| XNCR | B | 0.26% | |
| MYGN | F | 0.26% | |
| ZLAB | C | 0.24% | |
| IRWD | F | 0.24% | |
| INSM | C | 0.23% | |
| FATE | F | 0.23% | |
| PCRX | C | 0.22% | |
| GLPG | F | 0.22% | |
| RGNX | D | 0.21% | |
| ESPR | B | 0.19% | |
| EDIT | F | 0.19% | |
| LGND | C | 0.19% | |
| INVA | D | 0.18% | |
| VCYT | B | 0.18% | |
| TBPH | B | 0.17% | |
| YMAB | F | 0.16% | |
| CHRS | D | 0.16% | |
| HCM | C | 0.15% | |
| SUPN | B | 0.15% |
BIS Underweight 20 Positions Relative to MNTL
BIS: Top Represented Industries & Keywords
MNTL: Top Represented Industries & Keywords
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