ProShares Decline Correlations

EMTY Etf

USD 10.94 0.16 1.44%

The current 90-days correlation between ProShares Decline and COtwo Advisors Physical is -0.04 (i.e., Good diversification). The correlation of ProShares Decline is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

ProShares Decline Correlation With Market

Pay attention - limited upside

The correlation between ProShares Decline of and DJI is -0.81 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Decline of and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ProShares Etf

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

Moving together with ProShares Etf

0.64	SPXU	ProShares UltraPro Short Sell-off Trend	Pair Corr
0.61	SDS	ProShares UltraShort	Pair Corr
0.63	SPXS	Direxion Daily SP Sell-off Trend	Pair Corr
0.88	RWM	ProShares Short Russ	Pair Corr
0.7	TAIL	Cambria Tail Risk Low Volatility	Pair Corr
0.83	DOG	ProShares Short Dow30 Sell-off Trend	Pair Corr
0.73	HPQ	HP Inc	Pair Corr
0.72	MSFT	Microsoft Sell-off Trend	Pair Corr

Moving against ProShares Etf

0.88	OIH	VanEck Oil Services	Pair Corr
0.85	OASC	OneAscent Small Cap	Pair Corr
0.81	WTMF	WisdomTree Managed	Pair Corr
0.76	VBK	Vanguard Small Cap	Pair Corr
0.66	BST	BlackRock Science Tech	Pair Corr
0.64	EWC	iShares MSCI Canada	Pair Corr
0.63	TOT	Advisor Managed Port	Pair Corr
0.56	BINC	BlackRock ETF Trust	Pair Corr
0.51	RDIV	Invesco SP Ultra	Pair Corr
0.86	WMT	Walmart Common Stock Earnings Call This Week	Pair Corr
0.85	BA	Boeing	Pair Corr
0.84	CAT	Caterpillar	Pair Corr
0.83	INTC	Intel	Pair Corr
0.83	XOM	Exxon Mobil Corp	Pair Corr
0.81	AHYB	American Century ETF	Pair Corr
0.81	CVX	Chevron Corp	Pair Corr
0.75	AA	Alcoa Corp	Pair Corr
0.75	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.54	PG	Procter Gamble	Pair Corr
0.53	VZ	Verizon Communications Aggressive Push	Pair Corr
0.4	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	CSCS	BIS	MKTN	BULG	ARVR	SCC	QB	ZSC	CTWO
CSCS		0.45	-0.5	0.48	0.43	-0.15	-0.27	0.05	-0.03	CSCS
BIS	0.45		-0.4	0.65	-0.05	0.46	-0.77	-0.63	-0.64	BIS
MKTN	-0.5	-0.4		-0.5	-0.12	-0.28	0.24	0.22	0.15	MKTN
BULG	0.48	0.65	-0.5		0.36	0.12	-0.48	-0.61	-0.59	BULG
ARVR	0.43	-0.05	-0.12	0.36		-0.57	0.29	0.41	0.25	ARVR
SCC	-0.15	0.46	-0.28	0.12	-0.57		-0.53	-0.58	-0.57	SCC
QB	-0.27	-0.77	0.24	-0.48	0.29	-0.53		0.71	0.67	QB
ZSC	0.05	-0.63	0.22	-0.61	0.41	-0.58	0.71		0.82	ZSC
CTWO	-0.03	-0.64	0.15	-0.59	0.25	-0.57	0.67	0.82		CTWO
	CSCS	BIS	MKTN	BULG	ARVR	SCC	QB	ZSC	CTWO

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

CTWO	+ 0.82	ZSC
ZSC	+ 0.71	QB
CTWO	+ 0.67	QB
BULG	+ 0.65	BIS
BULG	+ 0.48	CSCS
SCC	+ 0.46	BIS

High negative correlations

QB	- 0.77	BIS
CTWO	- 0.64	BIS
ZSC	- 0.63	BIS
ZSC	- 0.61	BULG
CTWO	- 0.59	BULG
ZSC	- 0.58	SCC

ProShares Decline Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares Decline 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 Decline'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
CSCS	1.28	(0.12)	0.00	(0.41)	0.00	0.00	2.29	(3.09)	7.02
BIS	2.00	(0.31)	0.00	(1.88)	0.00	0.00	3.40	(4.89)	10.88
MKTN	0.31	0.04	(0.06)	(0.39)	0.34	(0.34)	0.84	(0.79)	1.96
BULG	5.51	(1.51)	0.00	(2.02)	0.00	0.00	10.31	(12.11)	39.05
ARVR	1.16	(0.04)	0.00	0.24	0.00	0.00	1.70	(2.67)	11.40
SCC	1.65	0.07	0.00	(0.31)	1.96	(1.77)	3.45	(3.35)	9.12
QB	0.23	0.03	(0.13)	1.49	0.00	(0.35)	0.65	(0.38)	1.83
ZSC	0.78	0.07	0.01	0.78	0.97	(0.81)	1.65	(1.60)	7.23
CTWO	1.32	0.20	0.05	(0.24)	1.73	(1.44)	3.15	(3.61)	11.68

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