ProShares Inflation Correlations

RINF Etf

USD 33.24 0.10 0.30%

The current 90-days correlation between ProShares Inflation and SPDR SSgA Multi Asset is -0.02 (i.e., Good diversification). The correlation of ProShares Inflation 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.

ProShares Inflation Correlation With Market

Good diversification

The correlation between ProShares Inflation Expectatio and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Inflation Expectatio and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with ProShares Etf

0.81

RISR

FolioBeyond Rising Rates

Pair Corr

Moving against ProShares Etf

0.68	SSFI	Strategy Shares	Pair Corr
0.59	BND	Vanguard Total Bond	Pair Corr
0.58	VB	Vanguard Small Cap	Pair Corr
0.41	VO	Vanguard Mid Cap	Pair Corr
0.31	OBND	SSGA Active Trust	Pair Corr
0.64	PG	Procter Gamble	Pair Corr
0.62	HPQ	HP Inc	Pair Corr
0.61	TRV	The Travelers Companies	Pair Corr
0.53	CAT	Caterpillar Sell-off Trend	Pair Corr
0.51	MRK	Merck Company	Pair Corr
0.44	HD	Home Depot	Pair Corr
0.44	MSFT	Microsoft	Pair Corr
0.4	DIS	Walt Disney	Pair Corr
0.34	INTC	Intel Aggressive Push	Pair Corr

Related Correlations Analysis

	RLY	HDG	TBX	MRGR	UJB
RLY		0.79	-0.34	0.34	0.77	RLY
HDG	0.79		-0.43	0.35	0.91	HDG
TBX	-0.34	-0.43		0.62	-0.3	TBX
MRGR	0.34	0.35	0.62		0.49	MRGR
UJB	0.77	0.91	-0.3	0.49		UJB
	RLY	HDG	TBX	MRGR	UJB

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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

UJB	+ 0.91	HDG
HDG	+ 0.79	RLY
UJB	+ 0.77	RLY
MRGR	+ 0.62	TBX
UJB	+ 0.49	MRGR
MRGR	+ 0.35	HDG

High negative correlations

TBX	- 0.43	HDG
TBX	- 0.34	RLY
UJB	- 0.3	TBX

ProShares Inflation Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares Inflation 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 Inflation'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
RLY	0.45	0.00	0.00	0.00	0.65	(0.41)	0.87	(0.93)	2.93
HDG	0.17	0.00	0.00	0.01	0.24	(0.17)	0.32	(0.30)	1.29
TBX	0.31	0.02	0.05	(0.17)	0.33	(0.35)	0.75	(0.59)	1.82
MRGR	0.13	0.03	0.22	0.46	0.00	(0.16)	0.32	(0.22)	0.86
UJB	0.39	0.01	0.01	0.03	0.54	(0.40)	0.84	(0.69)	2.86

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