ProShares Correlations

SPXV Etf

USD 64.04 0.11 0.17%

The current 90-days correlation between ProShares SP 500 and ProShares SP 500 is 0.99 (i.e., No risk reduction). The correlation of ProShares 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 Correlation With Market

Very weak diversification

The correlation between ProShares SP 500 and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares SP 500 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 SP 500. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with ProShares Etf

0.97	VTI	Vanguard Total Stock	Pair Corr
0.98	SPY	SPDR SP 500	Pair Corr
0.98	IVV	iShares Core SP	Pair Corr
0.75	VIG	Vanguard Dividend	Pair Corr
0.98	VV	Vanguard Large Cap	Pair Corr
0.97	IWB	iShares Russell 1000	Pair Corr
0.98	ESGU	iShares ESG Aware	Pair Corr
0.79	DFAC	Dimensional Core Equity	Pair Corr
0.98	SPLG	SPDR Portfolio SP	Pair Corr

Moving against ProShares Etf

0.34

MRK

Merck Company Aggressive Push

Pair Corr

Related Correlations Analysis

	SPXN	SPXE	SPXT	UJB	TOLZ
SPXN		0.97	0.72	0.53	0.3	SPXN
SPXE	0.97		0.84	0.66	0.37	SPXE
SPXT	0.72	0.84		0.85	0.52	SPXT
UJB	0.53	0.66	0.85		0.56	UJB
TOLZ	0.3	0.37	0.52	0.56		TOLZ
	SPXN	SPXE	SPXT	UJB	TOLZ

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

ProShares Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares 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' 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
SPXN	0.65	(0.01)	0.00	(0.05)	0.00	0.00	1.10	(1.79)	3.82
SPXE	0.60	0.00	0.00	(0.02)	0.00	0.00	1.07	(1.54)	3.63
SPXT	0.48	0.02	0.05	0.02	0.69	(0.49)	1.01	(0.96)	3.37
UJB	0.38	0.04	0.10	0.09	0.52	(0.39)	0.84	(0.67)	2.86
TOLZ	0.63	(0.02)	0.00	(0.07)	0.00	0.00	1.21	(1.63)	3.82

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

2024 Macroaxis LLC