ProShares Short Correlations

RWM Etf

USD 15.30 0.01 0.07%

The current 90-days correlation between ProShares Short Russ and Roundhill ETF Trust is -0.67 (i.e., Excellent 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 Russell2000 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ProShares Short Correlation With Market

Pay attention - limited upside

The correlation between ProShares Short Russell2000 and DJI is -0.93 (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 Short Russell2000 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 Russell2000. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in private.

Moving together with ProShares Etf

0.74	SH	ProShares Short SP500	Pair Corr
0.82	SPXU	ProShares UltraPro Short	Pair Corr
0.8	SDS	ProShares UltraShort Potential Growth	Pair Corr
0.82	SPXS	Direxion Daily SP	Pair Corr
0.71	SPDN	Direxion Daily SP	Pair Corr
0.8	TAIL	Cambria Tail Risk	Pair Corr
0.93	DOG	ProShares Short Dow30	Pair Corr

Moving against ProShares Etf

0.9	VTI	Vanguard Total Stock	Pair Corr
0.9	TOT	Advisor Managed Port	Pair Corr
0.86	SPY	SPDR SP 500	Pair Corr
0.86	IVV	iShares Core SP	Pair Corr
0.86	VTV	Vanguard Value Index	Pair Corr
0.57	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.97	ESML	iShares ESG Aware	Pair Corr
0.96	VO	Vanguard Mid Cap	Pair Corr
0.92	SIXJ	AIM ETF Products	Pair Corr
0.91	TLCI	Touchstone ETF Trust	Pair Corr
0.89	WLDR	Affinity World Leaders	Pair Corr
0.88	FPXE	First Trust IPOX	Pair Corr
0.85	CCNR	CoreCommodity Natural	Pair Corr
0.84	REGL	ProShares SP MidCap	Pair Corr
0.83	FNDC	Schwab Fundamental	Pair Corr
0.82	BSMS	Invesco BulletShares 2028	Pair Corr
0.81	TAXT	Northern Trust Tax	Pair Corr
0.81	EWT	iShares MSCI Taiwan	Pair Corr
0.77	XFIX	Fm Investments Symbol Change	Pair Corr
0.76	UDI	USCF ETF Trust	Pair Corr
0.76	DFSD	Dimensional ETF Trust	Pair Corr
0.75	LVHI	Franklin International	Pair Corr
0.71	DBA	Invesco DB Agriculture	Pair Corr
0.94	PFF	iShares Preferred Sell-off Trend	Pair Corr
0.93	JANW	AIM ETF Products	Pair Corr
0.91	PSFD	Pacer Swan SOS	Pair Corr
0.91	XYLD	Global X SP	Pair Corr

Related Correlations Analysis

	DOG	BRZU	OPER	FNGG	EDC	ECNS	DUST	EMXF	QQQU	WPAY
DOG		-0.63	-0.86	0.62	-0.77	-0.6	0.89	-0.8	0.04	0.52	DOG
BRZU	-0.63		0.84	-0.79	0.93	0.88	-0.8	0.93	-0.49	-0.78	BRZU
OPER	-0.86	0.84		-0.89	0.93	0.76	-0.96	0.96	-0.38	-0.82	OPER
FNGG	0.62	-0.79	-0.89		-0.84	-0.7	0.78	-0.86	0.71	0.95	FNGG
EDC	-0.77	0.93	0.93	-0.84		0.91	-0.9	0.99	-0.45	-0.77	EDC
ECNS	-0.6	0.88	0.76	-0.7	0.91		-0.76	0.88	-0.52	-0.61	ECNS
DUST	0.89	-0.8	-0.96	0.78	-0.9	-0.76		-0.92	0.22	0.68	DUST
EMXF	-0.8	0.93	0.96	-0.86	0.99	0.88	-0.92		-0.44	-0.8	EMXF
QQQU	0.04	-0.49	-0.38	0.71	-0.45	-0.52	0.22	-0.44		0.7	QQQU
WPAY	0.52	-0.78	-0.82	0.95	-0.77	-0.61	0.68	-0.8	0.7		WPAY
	DOG	BRZU	OPER	FNGG	EDC	ECNS	DUST	EMXF	QQQU	WPAY

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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

EMXF	+ 0.99	EDC
EMXF	+ 0.96	OPER
WPAY	+ 0.95	FNGG
EDC	+ 0.93	BRZU
EMXF	+ 0.93	BRZU
EDC	+ 0.93	OPER

High negative correlations

DUST	- 0.96	OPER
EMXF	- 0.92	DUST
DUST	- 0.9	EDC
FNGG	- 0.89	OPER
EMXF	- 0.86	FNGG
OPER	- 0.86	DOG

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
DOG	0.59	0.00	0.00	0.07	0.00	0.00	1.16	(1.24)	4.07
BRZU	2.47	0.53	0.15	0.49	3.35	(2.70)	5.41	(5.55)	18.49
OPER	0.01	0.01	0.00	1.32	0.00	0.00	0.04	(0.01)	0.07
FNGG	1.82	(0.49)	0.00	(0.27)	0.00	0.00	2.29	(4.96)	12.98
EDC	2.14	0.46	0.22	0.30	1.98	(2.55)	5.84	(3.56)	14.61
ECNS	0.72	0.03	0.00	0.12	0.90	(0.72)	1.89	(1.81)	4.20
DUST	4.44	(0.91)	0.00	0.40	0.00	0.00	12.01	(11.13)	36.65
EMXF	0.61	0.15	0.16	0.31	0.48	(0.67)	1.76	(1.19)	3.61
QQQU	1.58	(0.17)	0.00	(0.06)	0.00	0.00	3.30	(3.92)	12.54
WPAY	1.23	(0.34)	0.00	(0.21)	0.00	0.00	2.12	(3.04)	9.05

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