ProShares Ultra Correlations

UCC Etf

USD 55.26 0.30 0.54%

The current 90-days correlation between ProShares Ultra Consumer and ProShares Ultra Consumer is 0.19 (i.e., Average diversification). The correlation of ProShares Ultra 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.

ProShares Ultra Correlation With Market

Modest diversification

The correlation between ProShares Ultra Consumer and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Ultra Consumer 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 Ultra Consumer. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with ProShares Etf

0.75	SSO	ProShares Ultra SP500	Pair Corr
0.7	SPXL	Direxion Daily SP500	Pair Corr
0.9	QLD	ProShares Ultra QQQ	Pair Corr
0.71	UPRO	ProShares UltraPro SP500	Pair Corr
0.9	FNGU	MicroSectors FANG Index	Pair Corr
0.8	VTI	Vanguard Total Stock	Pair Corr
0.82	SPY	SPDR SP 500	Pair Corr
0.82	IVV	iShares Core SP	Pair Corr
0.96	VUG	Vanguard Growth Index	Pair Corr
0.9	WMT	Walmart Aggressive Push	Pair Corr
0.75	CSCO	Cisco Systems	Pair Corr
0.78	IBM	International Business Tech Boost	Pair Corr
0.61	JPM	JPMorgan Chase	Pair Corr
0.72	MSFT	Microsoft	Pair Corr
0.81	AXP	American Express	Pair Corr

Moving against ProShares Etf

0.84	NRGU	Bank Of Montreal	Pair Corr
0.5	LABU	Direxion Daily SP	Pair Corr
0.75	JNJ	Johnson Johnson	Pair Corr
0.61	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.55	KO	Coca Cola Earnings Call This Week	Pair Corr
0.54	INTC	Intel	Pair Corr
0.51	HPQ	HP Inc	Pair Corr
0.5	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.44	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.36	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	UGE	UXI	UPW	RXL	SAA
UGE		0.55	0.59	0.47	0.68	UGE
UXI	0.55		0.73	0.62	0.89	UXI
UPW	0.59	0.73		0.64	0.56	UPW
RXL	0.47	0.62	0.64		0.39	RXL
SAA	0.68	0.89	0.56	0.39		SAA
	UGE	UXI	UPW	RXL	SAA

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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
UGE	1.11	(0.13)	0.00	(0.14)	0.00	0.00	2.04	(2.57)	9.51
UXI	1.45	(0.02)	(0.01)	0.07	1.60	(1.78)	2.68	(2.32)	13.70
UPW	1.82	(0.18)	0.00	(0.17)	0.00	0.00	3.61	(4.33)	9.92
RXL	1.31	(0.13)	0.00	(0.08)	0.00	0.00	2.48	(2.61)	5.49
SAA	1.74	0.03	0.02	0.12	2.21	(1.82)	3.45	(2.97)	20.66

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