ProShares Ultra Correlations
| UJB Etf | USD 73.65 0.12 0.16% |
The current 90-days correlation between ProShares Ultra High and ProShares Ultra FTSE is 0.55 (i.e., Very weak 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
Weak diversification
The correlation between ProShares Ultra High and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Ultra High and DJI in the same portfolio, assuming nothing else is changed.
ProShares |
Moving together with ProShares Etf
| 0.72 | PMBS | PIMCO Mortgage Backed | PairCorr |
| 0.68 | WGMI | Valkyrie Bitcoin Miners | PairCorr |
| 0.68 | BKCH | Global X Blockchain | PairCorr |
| 0.78 | VOT | Vanguard Mid Cap | PairCorr |
| 0.7 | FNCL | Fidelity MSCI Financials | PairCorr |
| 0.71 | BSJR | Invesco BulletShares 2027 | PairCorr |
| 0.62 | UJUN | Innovator SP 500 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UPV | 1.21 | (0.22) | 0.00 | (0.74) | 0.00 | 1.97 | 7.78 | |||
| EFO | 1.16 | (0.22) | 0.00 | (0.54) | 0.00 | 1.96 | 7.63 | |||
| UBT | 1.37 | (0.21) | 0.00 | (0.67) | 0.00 | 2.63 | 7.96 | |||
| UBR | 2.38 | (0.51) | 0.00 | (1.18) | 0.00 | 4.44 | 18.49 | |||
| EZJ | 1.44 | (0.21) | 0.00 | (0.32) | 0.00 | 2.85 | 10.24 |