A Daily Network publication
Explore the network
ETF Daily
The Definitive Daily Read on Exchange-Traded Funds
Wednesday, August 19, 2026The Morning Brief →Sign in
IBBISharesINDEX

iShares Biotechnology ETF

$216.96+6.58% today
13721752-WK

The fund generally will invest at least 80% 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 index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.

Price & daily flows
199.8177.0154.2216.96DAILY NET FLOWAug 19Dec 16Apr 17Aug 19

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$1.5B OVER THIS RANGE

The desk’s read

Money keeps arriving — +$86M of net buying over the past month, about 0.8% of the fund's asset base, while the price has returned +28.4% so far this year. At 0.45% a year it is not the cheapest way in — IWM runs the same ground at 0.19%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$10.2Bassets under management
0.45%expense ratio · $45 per $10,000 a year
+$86Mnet flow, trailing month
1.4Mavg daily volume, 30 days
221holdings · US-domiciled
2001listed February 4, 2001 · beta 0.74
The book at a glance
AMGN+4.1%VRTX+3.7%GILD+3.6%REGN+4.1%MRNA+170.1%ARGX+3.9%NTRA+3.7%RVMD-0.9%BIIB+4.0%ALNY+6.1%ILMN+8.0%ONC+2.4%INSM+0.3%INCY+4.6%UTHR+1.8%ROIV-0.8%GMAB+3.4%ASND+2.7%NBIX+1.1%BBIO+1.1%MEDP+2.8%CRL+3.6%EXEL+2.3%BMRN+3.6%HALO+2.6%ARWR+1.1%MDGL+2.5%TECH+0.4%PRAX+4.8%IONS+2.9%PTGX-1.1%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1AMGNAMGEN8.56%$442.84+4.1%
2VRTXVERTEX PHARMACEUTICALS7.92%$548.42+3.7%
3GILDGILEAD SCIENCES7.11%$148.47+3.6%
4REGNREGENERON PHARMACEUTICALS5.99%$843.17+4.1%
5MRNAMODERNA1.72%$170.08+170.1%
6ARGXARGENX SE3.78%$1032.49+3.9%
7NTRANATERA3.16%$324.97+3.7%
8RVMDREVOLUTION MEDICINES2.97%$214.34-0.9%
9BIIBBIOGEN2.25%$221.01+4.0%
10ALNYALNYLAM PHARMACEUTICALS2.20%$242.69+6.1%
11ILMNILLUMINA2.15%$203.36+8.0%
12ONCBeiGene2.13%$378.08+2.4%
13INSMINSMED2.03%$128.99+0.3%
14INCYINCYTE1.80%$129.07+4.6%
15UTHRUNITED THERAPEUTICS1.54%$527.78+1.8%

The full book, free with one sign-in.

Top 15 positions are open to everyone. Sign in once and every fund’s complete holdings — plus CSV export, watchlists, and flow alerts — unlock across the network.

Sign in to see all 221
Country weights
United States88.98%
Belgium3.86%
China2.54%
Denmark2.39%
Germany0.62%
France0.59%
United Kingdom0.29%
Canada0.19%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week+8.1%
1 month+14.3%
3 months+32.3%
6 months+25.8%
YTD+28.4%
1 year
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week+$9M
1 month+$86M
3 months+$666M
YTD+$130M
1 year+$1.5B

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
AugSepOctNovDecJanFebMarAprMayJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
27%realized volatility, 30 days (annualized)
21%realized volatility, 1 year
-9.7%deepest fall from a peak, 1 year
at peakwhere it sits vs. that peak today

The top holding is 8.6% of the book; the top ten carry 46%. Spread across 234+ names, it behaves like roughly 32 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
6Kcalls today
1Kputs today
0.25put/call ratio
1.9Mshares traded
Most-traded holdings, options premiumBullishBearish
MRNA MODERNA$352M$316M
TEM TEMPUS AI INC$17M$19M
AMGN AMGEN$11M$12M
ROIV ROIVANT SCIENCES$1M$16M
UTHR UNITED THERAPEUTICS$15M$1M

TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES

The case against IBB

Due diligence cuts both ways. These funds sit on the same shelf and beat IBB on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
ITOT iShares Core S&P Total U.S. Stock Market ETF0.03%$97.9B+$245M-42bp on fee · 10× the assets · +$245M in over the monthHead-to-head
IJH iShares Core S&P Mid-Cap ETF0.05%$128.4B+$547M-40bp on fee · 13× the assets · +$547M in over the monthHead-to-head
IUSG iShares Core S&P U.S. Growth ETF0.04%$33.8B+$668M-41bp on fee · 3× the assets · +$668M in over the monthHead-to-head
IDEV iShares Core MSCI International Developed Markets ETF0.04%$32.7B+$104M-41bp on fee · 3× the assets · +$104M in over the monthHead-to-head
IUSV iShares Core S&P U.S. Value ETF0.04%$28.1B+$103M-41bp on fee · 3× the assets · +$103M in over the monthHead-to-head
Sign in to save this to The RecordA timestamped copy for the file — documentation, not advice.
InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
Every weekday · 6:30 a.m. ET

The Morning Brief

The private wealth industry in four minutes, every weekday at 6:30 a.m. ET. Free.