ProShares Ultra Correlations

ROM Etf

USD 83.02 3.11 3.61%

The current 90-days correlation between ProShares Ultra Tech and Capital Group Conservative is 0.59 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares Ultra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares Ultra Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ProShares Ultra Correlation With Market

Modest diversification

The correlation between ProShares Ultra Technology and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Ultra Technology 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 Ultra Technology. 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

0.61	SSO	ProShares Ultra SP500	Pair Corr
0.65	SPXL	Direxion Daily SP500	Pair Corr
0.65	UPRO	ProShares UltraPro SP500	Pair Corr
1.0	TECL	Direxion Daily Technology	Pair Corr
0.66	GBTC	Grayscale Bitcoin Trust	Pair Corr

Moving against ProShares Etf

0.54	VZ	Verizon Communications Aggressive Push	Pair Corr
0.49	T	ATT Inc Aggressive Push	Pair Corr
0.48	KO	Coca Cola Aggressive Push	Pair Corr
0.43	TRV	The Travelers Companies	Pair Corr
0.38	CSCO	Cisco Systems Earnings Call This Week	Pair Corr
0.35	PG	Procter Gamble	Pair Corr
0.31	MCD	McDonalds Earnings Call This Week	Pair Corr

Related Correlations Analysis

	PSI	IHAK	UYG	TMSL	TGRW	SUSL	PEY	VMMSX	IWC	CGCV
PSI		-0.49	0.34	0.95	-0.26	0.83	0.9	0.95	0.92	0.88	PSI
IHAK	-0.49		-0.06	-0.49	0.68	-0.15	-0.59	-0.59	-0.41	-0.51	IHAK
UYG	0.34	-0.06		0.5	0.22	0.6	0.33	0.22	0.47	0.55	UYG
TMSL	0.95	-0.49	0.5		-0.25	0.88	0.91	0.88	0.98	0.95	TMSL
TGRW	-0.26	0.68	0.22	-0.25		0.11	-0.37	-0.35	-0.2	-0.21	TGRW
SUSL	0.83	-0.15	0.6	0.88	0.11		0.71	0.74	0.87	0.87	SUSL
PEY	0.9	-0.59	0.33	0.91	-0.37	0.71		0.89	0.86	0.87	PEY
VMMSX	0.95	-0.59	0.22	0.88	-0.35	0.74	0.89		0.82	0.84	VMMSX
IWC	0.92	-0.41	0.47	0.98	-0.2	0.87	0.86	0.82		0.89	IWC
CGCV	0.88	-0.51	0.55	0.95	-0.21	0.87	0.87	0.84	0.89		CGCV
	PSI	IHAK	UYG	TMSL	TGRW	SUSL	PEY	VMMSX	IWC	CGCV

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

IWC	+ 0.98	TMSL
TMSL	+ 0.95	PSI
VMMSX	+ 0.95	PSI
CGCV	+ 0.95	TMSL
IWC	+ 0.92	PSI
PEY	+ 0.91	TMSL

High negative correlations

VMMSX	- 0.59	IHAK
PEY	- 0.59	IHAK
CGCV	- 0.51	IHAK
TMSL	- 0.49	IHAK
IHAK	- 0.49	PSI
IWC	- 0.41	IHAK

ProShares Ultra Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares Ultra 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 Ultra'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
PSI	1.88	0.21	0.10	0.16	2.17	(1.99)	4.11	(4.33)	9.78
IHAK	0.94	(0.30)	0.00	(0.29)	0.00	0.00	1.55	(2.63)	5.67
UYG	1.34	0.08	0.02	(8.58)	1.80	(1.32)	2.44	(3.05)	8.45
TMSL	0.76	0.06	0.07	0.10	0.83	(0.82)	1.79	(1.57)	4.02
TGRW	0.76	(0.13)	0.00	(2.06)	0.00	0.00	1.30	(2.02)	5.39
SUSL	0.60	(0.05)	0.00	(0.03)	0.00	0.00	1.05	(1.49)	4.12
PEY	0.74	0.09	0.10	0.14	0.65	(0.83)	1.98	(1.42)	3.77
VMMSX	0.61	0.13	0.14	0.26	0.53	(0.67)	1.55	(1.09)	4.07
IWC	1.19	0.02	0.01	0.05	1.69	(1.05)	2.13	(2.55)	5.73
CGCV	0.48	0.03	0.02	0.08	0.60	(0.50)	0.84	(1.01)	3.25

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