ProShares UltraPro Correlations

SRTY Etf

USD 34.67 0.57 1.67%

The current 90-days correlation between ProShares UltraPro Short and KraneShares Electric Vehicles is -0.39 (i.e., Very good diversification). 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

Pay attention - limited upside

The correlation between ProShares UltraPro Short and DJI is -0.91 (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 UltraPro Short and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ProShares Etf

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 producer price index.

Moving together with ProShares Etf

0.62	SH	ProShares Short SP500	Pair Corr
0.83	SPXU	ProShares UltraPro Short	Pair Corr
0.81	SDS	ProShares UltraShort	Pair Corr
0.82	SPXS	Direxion Daily SP	Pair Corr
1.0	RWM	ProShares Short Russ	Pair Corr
0.73	SPDN	Direxion Daily SP	Pair Corr
0.82	TAIL	Cambria Tail Risk	Pair Corr
0.91	DOG	ProShares Short Dow30 Sell-off Trend	Pair Corr
0.61	MSFT	Microsoft Aggressive Push	Pair Corr

Moving against ProShares Etf

0.98	VB	Vanguard Small Cap	Pair Corr
0.96	VO	Vanguard Mid Cap	Pair Corr
0.94	IWD	iShares Russell 1000	Pair Corr
0.92	VTV	Vanguard Value Index	Pair Corr
0.91	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.9	VEA	Vanguard FTSE Developed Aggressive Push	Pair Corr
0.87	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.87	IVV	iShares Core SP	Pair Corr
0.71	VWO	Vanguard FTSE Emerging	Pair Corr
0.55	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.95	LITL	Simplify Exchange Traded Potential Growth	Pair Corr
0.85	AA	Alcoa Corp	Pair Corr
0.84	WMT	Walmart Common Stock	Pair Corr
0.84	BA	Boeing	Pair Corr
0.77	INTC	Intel Buyout Trend	Pair Corr
0.68	JNJ	Johnson Johnson	Pair Corr
0.65	DD	Dupont De Nemours	Pair Corr
0.62	CVX	Chevron Corp Earnings Call This Week	Pair Corr
0.54	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.42	MCD	McDonalds	Pair Corr
0.4	HD	Home Depot	Pair Corr
0.39	BAC	Bank of America	Pair Corr
0.33	JPM	JPMorgan Chase	Pair Corr
0.33	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	DIG	SBIT	ETHD	SJB	TBF	RXL	CVMC	CSD	QLTI	KARS
DIG		0.1	-0.18	-0.43	0.52	0.53	0.7	0.81	0.65	0.74	DIG
SBIT	0.1		0.82	0.23	0.6	0.69	0.07	0.1	-0.09	-0.3	SBIT
ETHD	-0.18	0.82		0.56	0.17	0.33	-0.36	-0.34	-0.47	-0.53	ETHD
SJB	-0.43	0.23	0.56		-0.15	-0.34	-0.73	-0.7	-0.7	-0.56	SJB
TBF	0.52	0.6	0.17	-0.15		0.69	0.62	0.66	0.51	0.32	TBF
RXL	0.53	0.69	0.33	-0.34	0.69		0.57	0.63	0.43	0.25	RXL
CVMC	0.7	0.07	-0.36	-0.73	0.62	0.57		0.93	0.94	0.74	CVMC
CSD	0.81	0.1	-0.34	-0.7	0.66	0.63	0.93		0.85	0.77	CSD
QLTI	0.65	-0.09	-0.47	-0.7	0.51	0.43	0.94	0.85		0.79	QLTI
KARS	0.74	-0.3	-0.53	-0.56	0.32	0.25	0.74	0.77	0.79		KARS
	DIG	SBIT	ETHD	SJB	TBF	RXL	CVMC	CSD	QLTI	KARS

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

QLTI	+ 0.94	CVMC
CSD	+ 0.93	CVMC
QLTI	+ 0.85	CSD
ETHD	+ 0.82	SBIT
CSD	+ 0.81	DIG
KARS	+ 0.79	QLTI

High negative correlations

CVMC	- 0.73	SJB
QLTI	- 0.7	SJB
CSD	- 0.7	SJB
KARS	- 0.56	SJB
KARS	- 0.53	ETHD
QLTI	- 0.47	ETHD

ProShares UltraPro Constituents 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
DIG	1.98	0.35	0.13	0.76	2.25	(2.15)	4.42	(3.00)	11.11
SBIT	4.53	0.70	0.08	(0.21)	5.45	(4.69)	10.10	(8.03)	24.68
ETHD	6.89	0.79	0.05	(0.13)	8.20	(7.01)	15.51	(14.83)	37.93
SJB	0.12	0.00	0.00	0.10	0.00	0.00	0.26	(0.33)	0.85
TBF	0.41	0.09	0.00	(0.28)	0.25	(0.50)	0.96	(0.62)	2.20
RXL	1.32	0.09	0.07	0.14	1.25	(1.44)	3.93	(2.41)	7.64
CVMC	0.67	0.05	0.00	0.35	0.77	(0.69)	1.57	(1.27)	3.87
CSD	1.23	0.12	0.10	0.14	1.33	(1.32)	2.72	(2.50)	6.73
QLTI	0.60	0.05	(0.02)	0.59	0.67	(0.62)	1.27	(1.32)	3.16
KARS	1.05	0.09	0.06	0.19	1.13	(1.19)	2.44	(1.78)	6.57

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