ISIN IE00BYZK4776TER 0,40 %Assets 1 311 M €
Volatility 1y 16 %Worst fall 1y −12 %Since 2016-09-08
Themes · general research
Genomics and biotech platforms
Sequencing, DNA synthesis, gene editing, AI drug discovery and diagnostics.
Can lose most
Can lose most of the money. Typical volatility 73 %, typical worst fall −85 %; 3 of 7 companies are more than half below their high.
The weakest basket of the last four years (+1 %). Gene-editing names are 50–92 % below their highs, with binary clinical risk.
Typical volatilityMedian 1-year volatility of the theme's companies (annualised daily moves).
73 %
Typical worst fallMedian of each company's worst peak-to-trough fall in five years (or since listing).
−85 %
Typical distance from the high
−50 %
Typical 1-year return
−26 %
How to hold it in the EU
US-listed ETFs have no KID and cannot be bought by EU retail investors; these UCITS lines can. One fund line spreads the single-company risk.
ISIN IE00BYXG2H39TER 0,35 %Assets 1 016 M €
Volatility 1y 22 %Worst fall 1y −7 %Since 2017-10-19
Green: available; dashed with “?”: the venue is offered, check the line in the terminal; crossed out: not available.
US theme ETFs (ARKG) are used only to measure the theme's risk: not buyable by EU retail.
The companies
Research data of 2026-10-15; where we score the company, its live Smart Score and red flags are shown.
| Ticker | Market cap | Revenue (y/y) | P/S | Volatility 1y | Worst fall | From high | 1 year | 12 m: ×2 / −50 % | Where | Our rating |
|---|---|---|---|---|---|---|---|---|---|---|
| ILMN Illumina: DNA sequencing | 41,0 B$ | 4,5 B$ (+5 %) | 9× | 48 % | −83 % | −35 % | +186 % | 5 % / 3 % | Freedom24IBKR | 8/10 |
| TEM Tempus AI: AI diagnostics | 12,3 B$ | 1,4 B$ (+50 %) | 9× | 73 % | −60 % | −34 % | −28 % | 4 % / 0 % | Freedom24IBKR | 1/10Serious warning. Altman Z in the distress zone and negative free cash flow. More in the glossary →Caution. Negative free cash flow in at least two of the last three years. More in the glossary →+1 |
| CRSP CRISPR Therapeutics: gene editing (Casgevy) | 4,9 B$ | 13 M$ (−65 %) | 363× | 58 % | −69 % | −50 % | −26 % | 0 % / 1 % | Freedom24IBKR | 1/10Caution. Negative free cash flow in at least two of the last three years. More in the glossary →Caution. Share count growing 3–10 % a year over three years. More in the glossary → |
| TWST Twist: DNA synthesis | 9,3 B$ | 432 M$ (+19 %) | 22× | 78 % | −92 % | −28 % | +392 % | 27 % / 18 % | Freedom24IBKR | 1/10Serious warning. Altman Z in the distress zone and negative free cash flow. More in the glossary →Caution. Negative free cash flow in at least two of the last three years. More in the glossary →+1 |
| BEAM Beam: base editing | 2,4 B$ | 156 M$ (+159 %) | 15× | 72 % | −85 % | −76 % | −7 % | 1 % / 10 % | Freedom24IBKR | 1/10Serious warning. Share count growing more than 10 % a year over three years. More in the glossary →Caution. Negative free cash flow in at least two of the last three years. More in the glossary →+1 |
| NTLA Intellia: in-vivo gene editing | 1,6 B$ | 60 M$ (+13 %) | 27× | 98 % | −95 % | −92 % | −52 % | 1 % / 29 % | Freedom24IBKR | 1/10Serious warning. Share count growing more than 10 % a year over three years. More in the glossary →Serious warning. Altman Z in the distress zone and negative free cash flow. More in the glossary →+1 |
| RXRX Recursion: AI drug discovery | 2,0 B$ | 55 M$ (−15 %) | 37× | 74 % | −86 % | −82 % | −32 % | 0 % / 9 % | Freedom24IBKR | 1/10Serious warning. Share count growing more than 10 % a year over three years. More in the glossary →Serious warning. Altman Z in the distress zone and negative free cash flow. More in the glossary →+1 |
Survivorship: the list is of companies known in 2026; earlier names that went bankrupt or were taken private are missing, so the “×2” share is an upper bound.
The theme as a basket
Equal weights, monthly rebalance, 08.08.2022–14.10.2026, compared with the S&P 500.
| Equal-weight basket | CAGR | Volatility 1y | Worst fall | 1 year |
|---|---|---|---|---|
| CRSP NTLA BEAM RXRX TWST ILMN | 0 % | 53 % | −59 % | +31 % |
| S&P 500 (SPY) | +15 % | 16 % | −19 % | +13 % |
The window starts near the 2022 low, which flatters every basket. Past results do not predict future ones.
Base rates: how such bets usually end
Research results to keep in mind before any upside.
IPOs, 3 years38,5 % of IPOs lost more than half in 3 years; 16,1 % doubled, 0,5 % grew 11× or more.
Jay Ritter, IPO statistics, Table 16e (9,195 IPOs 1975–2021), 23.03.2026
SPAC mergers−51 % average 1-year return after a SPAC merger (2012–2024).
Ritter / Gahng–Ritter–Zhang, Table 15c (625 de-SPACs 2012–2024), 05.10.2026
Thematic ETFs−30 % risk-adjusted over the first 5 years of specialised (thematic) ETFs.
Lottery stocks> 1 % a month: how much “lottery” stocks (the biggest one-day jumps) underperform.
Where the gains come from4 % of US stocks created all the net wealth since 1926.
Volatility drag≈ 46 % a year is lost to volatility at 96 % volatility: +40 % a year on average compounds to about −6 %.
standard approximation: geometric mean ≈ arithmetic mean − σ²/2 (our arithmetic)
Quantum computingAI infrastructure and chipsNuclear power and small reactorsSpaceRobotics and autonomyCrypto equities and bitcoin products
Source: Nasdaq historical closes 15.10.2021–14.10.2026; stockanalysis.com fundamentals 15.10.2026; justETF profiles and quotes 15.10.2026 · Research data of 2026-10-15 · Methodology and sources
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