ProShares Ultra Correlations

URE Etf

USD 66.68 0.54 0.80%

The current 90-days correlation between ProShares Ultra Real and Praxis Funds is -0.15 (i.e., Good 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

Very weak diversification

The correlation between ProShares Ultra Real and DJI is 0.54 (i.e., Very weak 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 real.

Moving together with ProShares Etf

0.84	NRGU	Bank of Montreal	Pair Corr
0.79	GUSH	Direxion Daily SP	Pair Corr
0.74	AMPD	Tidal ETF Services	Pair Corr
0.68	ELON	Battleshares TSLA	Pair Corr
0.67	NBCE	Neuberger Berman ETF	Pair Corr
0.85	DOGG	First Trust Exchange	Pair Corr
0.78	BMVP	Invesco Bloomberg MVP	Pair Corr
0.78	REGL	ProShares SP MidCap	Pair Corr
0.77	UDI	USCF ETF Trust	Pair Corr
0.71	PCEM	Litman Gregory Funds	Pair Corr
0.77	FNDC	Schwab Fundamental	Pair Corr
0.76	BSMS	Invesco BulletShares 2028	Pair Corr
0.73	XFIX	Fm Investments Symbol Change	Pair Corr
0.67	NULV	Nuveen ESG Large	Pair Corr
0.77	EWT	iShares MSCI Taiwan	Pair Corr
0.85	NCPB	Nuveen Core Plus	Pair Corr
0.73	GPT	Intelligent Alpha Atlas Symbol Change	Pair Corr
0.87	SCDV	ETF Series Solutions	Pair Corr
0.75	TERG	Leverage Shares 2X	Pair Corr
0.65	EURL	Direxion Daily FTSE	Pair Corr
0.75	DFSD	Dimensional ETF Trust	Pair Corr

Moving against ProShares Etf

0.67	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.48	TECL	Direxion Daily Technology	Pair Corr
0.44	UYG	ProShares Ultra Fina	Pair Corr
0.42	MPAY	Exchange Traded Concepts	Pair Corr
0.36	QLD	ProShares Ultra QQQ	Pair Corr

Related Correlations Analysis

	DRN	CSRE	BIB	PSR	SPXN	BSTP	RPHS	SNTH	SEMG	PRXG
DRN		0.94	0.55	0.99	0.33	0.3	-0.03	0.02	-0.76	-0.64	DRN
CSRE	0.94		0.53	0.94	0.31	0.28	0.0	-0.01	-0.76	-0.62	CSRE
BIB	0.55	0.53		0.56	0.74	0.73	0.17	0.44	-0.35	-0.27	BIB
PSR	0.99	0.94	0.56		0.35	0.34	-0.01	0.02	-0.76	-0.66	PSR
SPXN	0.33	0.31	0.74	0.35		0.97	0.41	0.84	0.06	0.2	SPXN
BSTP	0.3	0.28	0.73	0.34	0.97		0.42	0.76	0.08	0.16	BSTP
RPHS	-0.03	0.0	0.17	-0.01	0.41	0.42		0.41	0.31	0.41	RPHS
SNTH	0.02	-0.01	0.44	0.02	0.84	0.76	0.41		0.39	0.53	SNTH
SEMG	-0.76	-0.76	-0.35	-0.76	0.06	0.08	0.31	0.39		0.92	SEMG
PRXG	-0.64	-0.62	-0.27	-0.66	0.2	0.16	0.41	0.53	0.92		PRXG
	DRN	CSRE	BIB	PSR	SPXN	BSTP	RPHS	SNTH	SEMG	PRXG

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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

PSR	+ 0.99	DRN
BSTP	+ 0.97	SPXN
CSRE	+ 0.94	DRN
PSR	+ 0.94	CSRE
PRXG	+ 0.92	SEMG
SNTH	+ 0.84	SPXN

High negative correlations

SEMG	- 0.76	PSR
SEMG	- 0.76	CSRE
SEMG	- 0.76	DRN
PRXG	- 0.66	PSR
PRXG	- 0.64	DRN
PRXG	- 0.62	CSRE

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	1.75	0.19	0.08	0.20	2.27	(1.75)	4.19	(3.93)	9.39
CSRE	0.61	0.10	0.04	(0.62)	0.74	(0.61)	1.34	(1.50)	3.40
BIB	1.91	0.19	0.10	0.20	1.99	(2.11)	4.70	(3.47)	10.55
PSR	0.57	0.09	0.06	0.32	0.70	(0.56)	1.49	(1.27)	3.44
SPXN	0.56	(0.01)	(0.03)	0.04	0.76	(0.56)	1.01	(1.43)	3.93
BSTP	0.36	0.00	(0.05)	0.05	0.47	(0.36)	0.73	(0.88)	2.60
RPHS	0.81	0.02	(0.02)	(0.03)	1.99	(0.88)	1.32	(1.37)	22.42
SNTH	0.61	(0.07)	0.00	(0.03)	0.00	0.00	1.16	(1.42)	3.55
SEMG	0.64	(0.10)	0.00	1.43	0.00	0.00	1.16	(1.51)	4.25
PRXG	0.77	(0.09)	0.00	1.04	0.00	0.00	1.31	(1.99)	5.08

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