ProShares Large Correlations

CSM Etf

USD 79.81 1.77 2.27%

The current 90-days correlation between ProShares Large Cap and ETC 6 Meridian is 0.31 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares Large moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares Large Cap moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ProShares Large Correlation With Market

Very poor diversification

The correlation between ProShares Large Cap and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ProShares Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ProShares Large Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with ProShares Etf

0.85	VTI	Vanguard Total Stock	Pair Corr
0.86	SPY	SPDR SP 500	Pair Corr
0.86	IVV	iShares Core SP	Pair Corr
0.75	VIG	Vanguard Dividend	Pair Corr
0.85	VV	Vanguard Large Cap	Pair Corr
0.75	RSP	Invesco SP 500 Aggressive Push	Pair Corr
0.86	IWB	iShares Russell 1000	Pair Corr
0.84	ESGU	iShares ESG Aware	Pair Corr
0.81	DFAC	Dimensional Core Equity	Pair Corr
0.69	SPLG	SSgA Symbol Change	Pair Corr
0.79	WTMF	WisdomTree Managed	Pair Corr
0.86	EWC	iShares MSCI Canada	Pair Corr
0.85	TOT	Advisor Managed Port	Pair Corr
0.68	BST	BlackRock Science Tech	Pair Corr
0.78	AHYB	American Century ETF	Pair Corr
0.64	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.62	DIS	Walt Disney	Pair Corr

Moving against ProShares Etf

0.46	HPQ	HP Inc	Pair Corr
0.38	MMM	3M Company	Pair Corr
0.33	T	ATT Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	DDM	RSPA	QDEF	XVV	TVAL	XSW	SPHB	FCTE	BKDV	SIXH
DDM		0.94	0.9	0.73	0.92	-0.23	0.89	0.78	0.93	0.77	DDM
RSPA	0.94		0.94	0.7	0.98	-0.43	0.9	0.89	0.99	0.9	RSPA
QDEF	0.9	0.94		0.73	0.92	-0.37	0.85	0.81	0.93	0.85	QDEF
XVV	0.73	0.7	0.73		0.64	0.18	0.86	0.62	0.65	0.44	XVV
TVAL	0.92	0.98	0.92	0.64		-0.54	0.86	0.92	0.99	0.94	TVAL
XSW	-0.23	-0.43	-0.37	0.18	-0.54		-0.13	-0.53	-0.5	-0.74	XSW
SPHB	0.89	0.9	0.85	0.86	0.86	-0.13		0.83	0.88	0.72	SPHB
FCTE	0.78	0.89	0.81	0.62	0.92	-0.53	0.83		0.9	0.86	FCTE
BKDV	0.93	0.99	0.93	0.65	0.99	-0.5	0.88	0.9		0.93	BKDV
SIXH	0.77	0.9	0.85	0.44	0.94	-0.74	0.72	0.86	0.93		SIXH
	DDM	RSPA	QDEF	XVV	TVAL	XSW	SPHB	FCTE	BKDV	SIXH

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BKDV	+ 0.99	RSPA
BKDV	+ 0.99	TVAL
TVAL	+ 0.98	RSPA
RSPA	+ 0.94	DDM
QDEF	+ 0.94	RSPA
SIXH	+ 0.94	TVAL

High negative correlations

SIXH	- 0.74	XSW
XSW	- 0.54	TVAL
FCTE	- 0.53	XSW
BKDV	- 0.5	XSW
XSW	- 0.43	RSPA
XSW	- 0.37	QDEF

ProShares Large Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares Large ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze ProShares Large's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DDM	1.24	0.07	(0.01)	(0.96)	1.49	(1.28)	2.42	(2.39)	6.47
RSPA	0.46	0.07	(0.01)	(5.39)	0.44	(0.47)	1.01	(0.94)	2.55
QDEF	0.43	0.04	(0.06)	1.68	0.53	(0.45)	1.02	(0.95)	3.09
XVV	0.60	(0.07)	(0.09)	0.00	0.89	(0.54)	1.12	(1.32)	3.91
TVAL	0.53	0.12	0.07	2.02	0.45	(0.60)	1.30	(1.05)	2.83
XSW	1.34	(0.47)	0.00	(0.26)	0.00	0.00	1.96	(3.83)	7.77
SPHB	1.16	(0.01)	0.02	0.07	1.45	(1.18)	2.03	(2.39)	5.05
FCTE	0.71	0.08	0.06	0.19	0.75	(0.74)	1.73	(1.56)	4.06
BKDV	0.60	0.13	0.07	2.12	0.54	(0.69)	1.33	(1.11)	3.11
SIXH	0.36	0.15	0.22	2.86	0.00	(0.46)	0.97	(0.49)	2.05

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC