The Dynamic Biotechnology & Genome Portfolio fund is an exchange traded fund (ETF) within the PowerShares family. There is at least 1 fund that is incredibly highly correlated with PBE.

Within the PowerShares family of funds, the most positively correlated other funds are DWA Healthcare Momentum Portfolio, Dynamic Pharmaceuticals Portfolio, Buyback Achievers Portfolio, QQQ, Aerospace & Defense Portfolio.

Outside of the PowerShares family, the most positively correlated other funds are iShares - Nasdaq Biotechnology ETF, SPDR - S&P Pharmaceuticals, SPDR - S&P Biotech, iShares - U.S. Pharmaceuticals ETF, Vanguard - Health Care.

Extremely Similar Fund

There is one fund which has a greater than 99% correlation to PowerShares's Dynamic Biotechnology & Genome Portfolio fund: iShares - Nasdaq Biotechnology ETF. The correlation between their daily movements is 99.1%.

Performance for the previous 2 years


Positively Correlated PowerShares ETFs
PTH PowerShares DWA Healthcare Momentum Portfolio 98.4%
PJP PowerShares Dynamic Pharmaceuticals Portfolio 98.1%
PKW PowerShares Buyback Achievers Portfolio 96.4%
QQQ PowerShares QQQ 96.0%
PPA PowerShares Aerospace & Defense Portfolio 95.7%
Negatively Correlated PowerShares funds
PSAU PowerShares Global Gold and Precious Metals Portfolio -70.8%
UDN PowerShares DB US Dollar Index Bearish Fund -66.4%
DBB PowerShares DB Base Metals Fund -54.0%
DBO PowerShares DB Oil Fund -53.8%
PBW PowerShares WilderHill Clean Energy Portfolio -51.3%

Positively Correlated Non-PowerShares funds
IBB iShares Nasdaq Biotechnology ETF 99.1%
XPH SPDR S&P Pharmaceuticals 98.8%
XBI SPDR S&P Biotech 98.5%
IHE iShares U.S. Pharmaceuticals ETF 98.0%
VHT Vanguard Health Care 97.9%
Negatively Correlated Non-PowerShares funds
RING iShares MSCI Global Gold Miners ETF -85.4%
SLVP iShares MSCI Global Silver Miners ETF -84.3%
EWZS iShares MSCI Brazil Small-Cap ETF -81.2%
ERUS iShares MSCI Russia Capped ETF -77.9%
RBL SPDR S&P Russia -74.9%

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