SMN vs. IBAT ETF Comparison
Comparison of ProShares UltraShort Basic Materials (SMN) to iShares Energy Storage & Materials ETF (IBAT)
SMN
ProShares UltraShort Basic Materials
SMN Description
The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. Basic MaterialsSM 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 measures the performance of the basic materials sector of the U.S. equity market. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$14.45
Average Daily Volume
3,896
43
IBAT
iShares Energy Storage & Materials ETF
IBAT Description
The index measures the performance of equity securities of companies involved in energy storage solutions aiming to support the transition to a low carbon economy, including hydrogen, fuel cells, and batteries as determined by STOXX Ltd. The fund generally will invest at least 90% of its assets in the component securities of its index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The fund is non-diversified.Grade (RS Rating)
Last Trade
$22.81
Average Daily Volume
349
14
Performance
| Period | SMN | IBAT |
|---|---|---|
| 30 Days | 14.14% | -7.24% |
| 60 Days | 5.80% | -6.72% |
| 90 Days | -0.42% | -2.86% |
| 12 Months | -20.05% |
SMN Overweight 40 Positions Relative to IBAT
| Symbol | Grade | Weight | |
|---|---|---|---|
| ECL | D | 7.77% | |
| DD | D | 7.23% | |
| NEM | F | 5.65% | |
| PPG | F | 4.81% | |
| LYB | F | 3.74% | |
| CTVA | D | 3.36% | |
| FCX | F | 2.96% | |
| NUE | D | 2.59% | |
| IFF | D | 2.28% | |
| CE | F | 2.25% | |
| FMC | F | 2.05% | |
| EMN | C | 1.67% | |
| CF | A | 1.59% | |
| RPM | A | 1.53% | |
| ALB | C | 1.36% | |
| RS | B | 1.28% | |
| MOS | D | 1.21% | |
| RGLD | C | 1.17% | |
| STLD | B | 1.13% | |
| AXTA | A | 1.0% | |
| HUN | F | 0.74% | |
| ASH | F | 0.73% | |
| SMG | D | 0.7% | |
| VVV | B | 0.64% | |
| NGVT | B | 0.55% | |
| NEU | C | 0.55% | |
| AA | A | 0.52% | |
| OLN | F | 0.45% | |
| CC | C | 0.45% | |
| ESI | B | 0.44% | |
| SXT | C | 0.44% | |
| CMC | B | 0.41% | |
| FUL | F | 0.4% | |
| CBT | C | 0.4% | |
| WLK | F | 0.39% | |
| ATI | D | 0.37% | |
| CRS | A | 0.35% | |
| X | D | 0.28% | |
| WOR | F | 0.24% | |
| BTU | B | 0.1% |
SMN: Top Represented Industries & Keywords
IBAT: Top Represented Industries & Keywords
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