ProShares Ultra Correlations

URE Etf

USD 59.92 1.10 1.87%

The current 90-days correlation between ProShares Ultra Real and Direxion Daily Real is 0.11 (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

Average diversification

The correlation between ProShares Ultra Real and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Ultra Real 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 Ultra Real. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with ProShares Etf

0.61	T	ATT Inc	Pair Corr
0.76	HD	Home Depot	Pair Corr
0.72	PG	Procter Gamble	Pair Corr

Moving against ProShares Etf

0.64	LABU	Direxion Daily SP	Pair Corr
0.58	TRV	The Travelers Companies	Pair Corr
0.56	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.46	AMPD	Tidal ETF Services	Pair Corr
0.39	CPST	Calamos ETF Trust	Pair Corr
0.69	CSCO	Cisco Systems	Pair Corr
0.68	CAT	Caterpillar	Pair Corr
0.62	JNJ	Johnson Johnson	Pair Corr
0.55	MRK	Merck Company	Pair Corr
0.53	BAC	Bank of America	Pair Corr
0.49	AXP	American Express	Pair Corr
0.49	AA	Alcoa Corp	Pair Corr
0.36	MCD	McDonalds	Pair Corr
0.34	IBM	International Business	Pair Corr

Related Correlations Analysis

	DRN	CSRE	BIB	PSR	SPXN	BSTP	RPHS	SNTH	SEMG	PRXG
DRN		0.43	-0.67	0.9	-0.41	-0.29	-0.24	-0.31	-0.18	-0.24	DRN
CSRE	0.43		0.07	0.61	0.17	0.15	0.1	0.21	0.17	0.14	CSRE
BIB	-0.67	0.07		-0.35	0.53	0.6	0.29	0.32	0.35	0.24	BIB
PSR	0.9	0.61	-0.35		-0.27	-0.1	-0.18	-0.22	-0.13	-0.2	PSR
SPXN	-0.41	0.17	0.53	-0.27		0.8	0.69	0.92	0.87	0.93	SPXN
BSTP	-0.29	0.15	0.6	-0.1	0.8		0.51	0.59	0.82	0.63	BSTP
RPHS	-0.24	0.1	0.29	-0.18	0.69	0.51		0.69	0.62	0.64	RPHS
SNTH	-0.31	0.21	0.32	-0.22	0.92	0.59	0.69		0.75	0.96	SNTH
SEMG	-0.18	0.17	0.35	-0.13	0.87	0.82	0.62	0.75		0.8	SEMG
PRXG	-0.24	0.14	0.24	-0.2	0.93	0.63	0.64	0.96	0.8		PRXG
	DRN	CSRE	BIB	PSR	SPXN	BSTP	RPHS	SNTH	SEMG	PRXG

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

PRXG	+ 0.96	SNTH
PRXG	+ 0.93	SPXN
SNTH	+ 0.92	SPXN
PSR	+ 0.9	DRN
SEMG	+ 0.87	SPXN
SEMG	+ 0.82	BSTP

High negative correlations

BIB	- 0.67	DRN
SPXN	- 0.41	DRN
PSR	- 0.35	BIB
SNTH	- 0.31	DRN
BSTP	- 0.29	DRN
SPXN	- 0.27	PSR

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
DRN	1.65	(0.28)	0.00	(0.12)	0.00	0.00	3.24	(3.93)	12.59
CSRE	0.53	(0.03)	0.00	(0.19)	0.00	0.00	0.89	(1.61)	3.55
BIB	1.68	0.23	0.15	0.22	1.57	(1.86)	3.51	(2.75)	10.05
PSR	0.55	(0.07)	0.00	(0.08)	0.00	0.00	0.97	(1.27)	3.53
SPXN	0.61	0.03	(0.03)	0.25	0.92	(0.58)	1.31	(1.47)	3.65
BSTP	0.38	(0.02)	(0.08)	0.04	0.50	(0.37)	0.74	(0.87)	2.24
RPHS	0.83	0.05	(0.01)	34.94	2.19	(0.80)	1.33	(0.98)	22.42
SNTH	0.69	0.01	(0.06)	0.15	0.95	(0.68)	1.24	(1.61)	3.57
SEMG	0.62	0.00	(0.07)	0.08	0.82	(0.61)	1.29	(1.44)	3.21
PRXG	0.78	0.01	(0.04)	0.16	1.15	(0.74)	1.61	(1.81)	4.48

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