ProShares Ultra Correlations

RXL Etf

USD 53.20 0.99 1.90%

The current 90-days correlation between ProShares Ultra Health and abrdn Focused Small is 0.51 (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 Health moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ProShares Ultra Correlation With Market

Very weak diversification

The correlation between ProShares Ultra Health and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Ultra Health 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 Health. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in median.

Moving together with ProShares Etf

0.63	LABU	Direxion Daily SP	Pair Corr
0.98	FHLC	Fidelity MSCI Health	Pair Corr

Moving against ProShares Etf

0.41	MPAY	Exchange Traded Concepts	Pair Corr
0.38	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr

Related Correlations Analysis

	DIG	DYTA	AGNG	SXQG	BIB	DECZ	JUNW	ICAP	EFAD	AFSC
DIG		0.56	0.76	-0.8	0.59	0.42	0.65	0.74	0.77	0.67	DIG
DYTA	0.56		0.77	-0.14	0.71	0.87	0.9	0.88	0.88	0.79	DYTA
AGNG	0.76	0.77		-0.52	0.89	0.61	0.82	0.85	0.82	0.84	AGNG
SXQG	-0.8	-0.14	-0.52		-0.32	0.1	-0.3	-0.41	-0.34	-0.36	SXQG
BIB	0.59	0.71	0.89	-0.32		0.64	0.78	0.75	0.68	0.81	BIB
DECZ	0.42	0.87	0.61	0.1	0.64		0.87	0.82	0.8	0.77	DECZ
JUNW	0.65	0.9	0.82	-0.3	0.78	0.87		0.97	0.87	0.89	JUNW
ICAP	0.74	0.88	0.85	-0.41	0.75	0.82	0.97		0.89	0.92	ICAP
EFAD	0.77	0.88	0.82	-0.34	0.68	0.8	0.87	0.89		0.8	EFAD
AFSC	0.67	0.79	0.84	-0.36	0.81	0.77	0.89	0.92	0.8		AFSC
	DIG	DYTA	AGNG	SXQG	BIB	DECZ	JUNW	ICAP	EFAD	AFSC

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

ICAP	+ 0.97	JUNW
AFSC	+ 0.92	ICAP
JUNW	+ 0.9	DYTA
BIB	+ 0.89	AGNG
AFSC	+ 0.89	JUNW
EFAD	+ 0.89	ICAP

High negative correlations

SXQG	- 0.8	DIG
SXQG	- 0.52	AGNG
ICAP	- 0.41	SXQG
AFSC	- 0.36	SXQG
EFAD	- 0.34	SXQG
BIB	- 0.32	SXQG

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
DIG	2.22	0.53	0.20	0.81	2.26	(2.49)	5.08	(3.70)	11.11
DYTA	0.38	(0.01)	(0.06)	0.04	0.57	(0.41)	0.74	(1.05)	4.40
AGNG	0.57	0.12	0.16	0.27	0.36	(0.70)	1.85	(1.00)	3.64
SXQG	0.53	(0.14)	0.00	(0.15)	0.00	0.00	1.00	(1.05)	3.42
BIB	2.00	0.20	0.10	0.20	1.98	(2.27)	4.85	(3.47)	10.55
DECZ	0.47	(0.05)	(0.09)	(0.02)	0.71	(0.43)	0.73	(1.30)	3.00
JUNW	0.13	0.00	(0.21)	0.08	0.12	(0.13)	0.31	(0.33)	0.97
ICAP	0.63	0.06	0.05	0.13	0.72	(0.64)	1.40	(1.44)	3.33
EFAD	0.53	0.02	(0.01)	0.09	0.66	(0.55)	1.10	(1.09)	3.11
AFSC	0.83	0.07	0.08	0.13	0.81	(0.95)	2.04	(1.67)	4.48

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