ProShares Short Correlations

REK Etf

USD 16.05 0.13 0.80%

The current 90-days correlation between ProShares Short Real and ProShares Equities for is -0.45 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares Short moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares Short Real moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ProShares Short Correlation With Market

Excellent diversification

The correlation between ProShares Short Real and DJI is -0.52 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Short Real and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ProShares Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProShares Short Real. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with ProShares Etf

0.69

VUG

Vanguard Growth Index

Pair Corr

Moving against ProShares Etf

0.86	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.74	VTV	Vanguard Value Index	Pair Corr
0.4	PSQ	ProShares Short QQQ	Pair Corr
0.31	QID	ProShares UltraShort QQQ	Pair Corr
0.82	LVHI	Franklin International	Pair Corr
0.81	XLU	Utilities Select Sector	Pair Corr
0.77	UDI	USCF ETF Trust	Pair Corr
0.77	REGL	ProShares SP MidCap	Pair Corr
0.76	TAXT	Northern Trust Tax	Pair Corr
0.76	EWT	iShares MSCI Taiwan	Pair Corr
0.76	FNDC	Schwab Fundamental	Pair Corr
0.75	BSMS	Invesco BulletShares 2028	Pair Corr
0.75	DFSD	Dimensional ETF Trust	Pair Corr
0.73	CCNR	CoreCommodity Natural	Pair Corr
0.71	XFIX	Fm Investments Symbol Change	Pair Corr
0.67	WLDR	Affinity World Leaders	Pair Corr
0.62	ESML	iShares ESG Aware	Pair Corr
0.6	FPXE	First Trust IPOX	Pair Corr
0.59	VO	Vanguard Mid Cap	Pair Corr
0.52	TLCI	Touchstone ETF Trust	Pair Corr
0.4	DBA	Invesco DB Agriculture	Pair Corr
0.37	SIXJ	AIM ETF Products	Pair Corr
0.78	TERG	Leverage Shares 2X	Pair Corr
0.77	BMVP	Invesco Bloomberg MVP	Pair Corr
0.77	FIDU	Fidelity MSCI Industrials	Pair Corr
0.76	GPT	Intelligent Alpha Atlas Symbol Change	Pair Corr

Related Correlations Analysis

	SKF	UPV	EUM	SEF	EFZ	MSFD	UGE	HAUS	SHRT	EQRR
SKF		-0.14	-0.09	1.0	-0.26	0.27	0.28	0.06	-0.41	-0.2	SKF
UPV	-0.14		-0.95	-0.06	-0.84	0.77	0.84	0.7	-0.74	0.96	UPV
EUM	-0.09	-0.95		-0.17	0.89	-0.8	-0.87	-0.71	0.84	-0.9	EUM
SEF	1.0	-0.06	-0.17		-0.33	0.34	0.36	0.12	-0.47	-0.11	SEF
EFZ	-0.26	-0.84	0.89	-0.33		-0.83	-0.86	-0.69	0.75	-0.75	EFZ
MSFD	0.27	0.77	-0.8	0.34	-0.83		0.94	0.72	-0.79	0.78	MSFD
UGE	0.28	0.84	-0.87	0.36	-0.86	0.94		0.76	-0.88	0.83	UGE
HAUS	0.06	0.7	-0.71	0.12	-0.69	0.72	0.76		-0.73	0.67	HAUS
SHRT	-0.41	-0.74	0.84	-0.47	0.75	-0.79	-0.88	-0.73		-0.73	SHRT
EQRR	-0.2	0.96	-0.9	-0.11	-0.75	0.78	0.83	0.67	-0.73		EQRR
	SKF	UPV	EUM	SEF	EFZ	MSFD	UGE	HAUS	SHRT	EQRR

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

SEF	+ 1.0	SKF
EQRR	+ 0.96	UPV
UGE	+ 0.94	MSFD
EFZ	+ 0.89	EUM
UGE	+ 0.84	UPV
SHRT	+ 0.84	EUM

High negative correlations

EUM	- 0.95	UPV
EQRR	- 0.9	EUM
SHRT	- 0.88	UGE
UGE	- 0.87	EUM
UGE	- 0.86	EFZ
EFZ	- 0.84	UPV

ProShares Short Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares Short 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 Short'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
SKF	1.50	0.16	(0.04)	0.00	1.76	(1.61)	3.77	(2.53)	8.30
UPV	1.23	0.22	0.18	0.22	1.22	(1.43)	2.85	(2.50)	6.15
EUM	0.75	(0.16)	0.00	0.30	0.00	0.00	1.41	(2.05)	4.74
SEF	0.73	0.08	(0.07)	(0.01)	0.89	(0.77)	1.94	(1.26)	4.15
EFZ	0.68	(0.09)	0.00	(2.82)	0.00	0.00	1.39	(1.67)	3.93
MSFD	1.29	0.39	0.23	(1.03)	0.96	(1.51)	2.83	(1.86)	13.34
UGE	1.26	0.36	0.27	1.25	0.80	(1.54)	2.97	(2.05)	6.91
HAUS	0.68	0.03	(0.01)	0.13	0.76	(0.70)	1.47	(1.46)	3.33
SHRT	0.61	(0.07)	0.00	0.28	0.00	0.00	1.07	(1.59)	4.37
EQRR	0.71	0.06	0.06	0.13	0.93	(0.72)	1.54	(1.95)	5.24

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