ProShares Trust Correlations

URSP Etf

41.98 0.18 0.43%

The current 90-days correlation between ProShares Trust and ProShares Ultra Nasdaq is 0.64 (i.e., Poor diversification). The correlation of ProShares Trust 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 Trust Correlation With Market

Very poor diversification

The correlation between ProShares Trust and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Trust 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 Trust. 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.

To learn how to invest in ProShares Etf, please use our How to Invest in ProShares Trust guide.

Moving together with ProShares Etf

0.64	SSO	ProShares Ultra SP500	Pair Corr
0.64	SPXL	Direxion Daily SP500	Pair Corr
0.64	UPRO	ProShares UltraPro SP500	Pair Corr
0.82	UYG	ProShares Ultra Fina Upward Rally	Pair Corr
0.62	JNUG	Direxion Daily Junior	Pair Corr
0.63	FTBI	First Trust Exchange	Pair Corr
0.8	DVXB	WEBs Defined Volatility	Pair Corr
0.73	ITDJ	iShares Trust	Pair Corr
0.81	FLCV	Federated Hermes ETF	Pair Corr
0.82	SMLV	SPDR SSGA Small	Pair Corr
0.85	QULL	ETRACS 2x Leveraged	Pair Corr
0.63	CSD	Invesco SP Spin	Pair Corr

Related Correlations Analysis

	BIB	SNTH	RPHS	WBIY	NBFC	DXD	TSDD	FARFX	YCL	SQEW
BIB		0.49	0.38	0.65	0.84	-0.66	-0.47	0.58	-0.9	0.89	BIB
SNTH	0.49		0.71	0.37	0.58	-0.78	-0.49	0.83	-0.42	0.53	SNTH
RPHS	0.38	0.71		0.45	0.49	-0.68	-0.44	0.68	-0.3	0.36	RPHS
WBIY	0.65	0.37	0.45		0.85	-0.82	-0.68	0.65	-0.44	0.41	WBIY
NBFC	0.84	0.58	0.49	0.85		-0.84	-0.67	0.77	-0.69	0.67	NBFC
DXD	-0.66	-0.78	-0.68	-0.82	-0.84		0.79	-0.89	0.52	-0.55	DXD
TSDD	-0.47	-0.49	-0.44	-0.68	-0.67	0.79		-0.72	0.39	-0.4	TSDD
FARFX	0.58	0.83	0.68	0.65	0.77	-0.89	-0.72		-0.43	0.52	FARFX
YCL	-0.9	-0.42	-0.3	-0.44	-0.69	0.52	0.39	-0.43		-0.9	YCL
SQEW	0.89	0.53	0.36	0.41	0.67	-0.55	-0.4	0.52	-0.9		SQEW
	BIB	SNTH	RPHS	WBIY	NBFC	DXD	TSDD	FARFX	YCL	SQEW

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

SQEW	+ 0.89	BIB
NBFC	+ 0.85	WBIY
NBFC	+ 0.84	BIB
FARFX	+ 0.83	SNTH
TSDD	+ 0.79	DXD
FARFX	+ 0.77	NBFC

High negative correlations

SQEW	- 0.9	YCL
YCL	- 0.9	BIB
FARFX	- 0.89	DXD
DXD	- 0.84	NBFC
DXD	- 0.82	WBIY
DXD	- 0.78	SNTH

ProShares Trust Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares Trust 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 Trust'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
BIB	1.77	0.45	0.26	0.31	1.55	(2.03)	3.92	(2.81)	10.05
SNTH	0.69	(0.02)	(0.02)	0.05	0.96	(0.66)	1.24	(1.61)	3.57
RPHS	0.82	(0.04)	0.00	0.04	2.23	(0.79)	1.33	(0.98)	22.42
WBIY	0.77	0.01	0.00	0.08	0.80	(0.90)	1.77	(1.52)	5.03
NBFC	0.13	0.00	(0.32)	0.10	0.00	(0.15)	0.29	(0.28)	1.38
DXD	1.11	0.00	0.00	0.07	0.00	0.00	2.12	(2.33)	6.86
TSDD	4.84	(0.43)	0.00	(2.28)	0.00	0.00	10.13	(8.67)	26.88
FARFX	0.25	0.00	(0.13)	0.06	0.28	(0.26)	0.53	(0.53)	1.50
YCL	0.80	(0.19)	0.00	8.17	0.00	0.00	1.40	(2.00)	4.84
SQEW	0.53	0.11	0.05	(3.93)	0.46	(0.71)	1.71	(0.74)	5.13

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

2025 Macroaxis LLC