ProShares UltraPro Correlations

SDOW Etf

USD 45.81 1.83 3.84%

The current 90-days correlation between ProShares UltraPro Short and ProShares UltraPro Dow30 is -1.0 (i.e., Pay attention - limited upside). The correlation of ProShares UltraPro 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. If the correlation is 0, the equities are not correlated; they are entirely random.

ProShares UltraPro Correlation With Market

Very good diversification

The correlation between ProShares UltraPro Short and DJI is -0.39 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares UltraPro Short and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares UltraPro Short. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with ProShares Etf

0.91	SH	ProShares Short SP500	Pair Corr
0.86	SPXU	ProShares UltraPro Short	Pair Corr
0.88	SDS	ProShares UltraShort	Pair Corr
0.86	SPXS	Direxion Daily SP	Pair Corr
0.95	RWM	ProShares Short Russ	Pair Corr
0.91	SPDN	Direxion Daily SP	Pair Corr
0.9	DOG	ProShares Short Dow30	Pair Corr

Moving against ProShares Etf

0.64	DUKH	Ocean Park High	Pair Corr
0.59	BUFF	Innovator Laddered	Pair Corr
0.58	MPAY	Akros Monthly Payout	Pair Corr
0.57	AIQ	Global X Artificial	Pair Corr
0.57	CETH	21shares Core Ethereum Downward Rally	Pair Corr
0.42	INTC	Intel Earnings Call Tomorrow	Pair Corr
0.38	HF	Tidal Trust II	Pair Corr
0.78	HD	Home Depot	Pair Corr
0.68	BAC	Bank of America	Pair Corr
0.59	TRV	The Travelers Companies Sell-off Trend	Pair Corr
0.58	PG	Procter Gamble	Pair Corr
0.57	JPM	JPMorgan Chase	Pair Corr
0.51	DIS	Walt Disney	Pair Corr
0.49	AXP	American Express Earnings Call This Week	Pair Corr
0.48	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.44	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.38	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.37	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.37	HPQ	HP Inc	Pair Corr
0.35	IBM	International Business Earnings Call This Week	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.64	-0.58	-0.52	0.41	0.59	0.53	0.42	-0.11	-0.64	META
MSFT	0.64		-0.53	-0.24	0.56	0.23	0.65	0.25	-0.1	-0.47	MSFT
UBER	-0.58	-0.53		0.64	-0.58	-0.08	-0.78	-0.56	0.67	0.81	UBER
F	-0.52	-0.24	0.64		0.01	-0.25	-0.2	-0.07	0.2	0.9	F
T	0.41	0.56	-0.58	0.01		0.0	0.8	0.59	-0.45	-0.23	T
A	0.59	0.23	-0.08	-0.25	0.0		0.12	0.22	0.32	-0.19	A
CRM	0.53	0.65	-0.78	-0.2	0.8	0.12		0.7	-0.59	-0.44	CRM
JPM	0.42	0.25	-0.56	-0.07	0.59	0.22	0.7		-0.62	-0.25	JPM
MRK	-0.11	-0.1	0.67	0.2	-0.45	0.32	-0.59	-0.62		0.32	MRK
XOM	-0.64	-0.47	0.81	0.9	-0.23	-0.19	-0.44	-0.25	0.32		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.9	F
XOM	+ 0.81	UBER
CRM	+ 0.8	T
JPM	+ 0.7	CRM
MRK	+ 0.67	UBER
CRM	+ 0.65	MSFT

High negative correlations

CRM	- 0.78	UBER
XOM	- 0.64	META
MRK	- 0.62	JPM
MRK	- 0.59	CRM
T	- 0.58	UBER
UBER	- 0.58	META

ProShares UltraPro Competition Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares UltraPro 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 UltraPro'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
META	1.36	0.07	0.03	0.26	1.52	(1.53)	3.43	(3.15)	7.43
MSFT	0.92	0.04	0.01	(0.50)	1.58	(0.87)	2.09	(1.73)	8.14
UBER	1.63	(0.34)	0.00	(0.88)	0.00	0.00	2.67	(5.35)	12.29
F	1.38	(0.09)	0.00	(0.14)	0.00	0.00	2.38	(2.81)	11.21
T	0.97	0.09	0.05	(0.80)	1.10	(1.04)	1.91	(1.84)	7.96
A	1.21	0.02	0.01	0.06	1.45	(1.33)	2.72	(2.42)	8.06
CRM	1.41	0.17	0.09	1.01	1.45	(1.59)	3.16	(2.88)	14.80
JPM	1.03	0.25	0.17	2.16	1.11	(1.17)	1.92	(1.42)	15.87
MRK	1.00	(0.16)	0.00	(2.55)	0.00	0.00	1.74	(2.17)	5.17
XOM	0.76	(0.16)	0.00	(0.30)	0.00	0.00	1.71	(1.67)	6.06

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