ProShares VIX Correlations

VIXM Etf

USD 15.54 0.07 0.45%

The current 90-days correlation between ProShares VIX Mid and Investment Managers Series is -0.69 (i.e., Excellent diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares VIX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares VIX Mid Term moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ProShares VIX Correlation With Market

Pay attention - limited upside

The correlation between ProShares VIX Mid Term and DJI is -0.86 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares VIX Mid Term 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 VIX Mid Term. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in median.

Moving together with ProShares Etf

0.98	VXX	iPath Series B Low Volatility	Pair Corr
0.98	VIXY	ProShares VIX Short Low Volatility	Pair Corr
1.0	VXZ	iPath Series B	Pair Corr

Moving against ProShares Etf

0.78	JNUG	Direxion Daily Junior	Pair Corr
0.76	CEFD	ETRACS Monthly Pay	Pair Corr
0.75	NUGT	Direxion Daily Gold	Pair Corr
0.73	GDXU	MicroSectors Gold Miners Upward Rally	Pair Corr
0.66	AGQ	ProShares Ultra Silver	Pair Corr
0.65	UDN	Invesco DB Dollar	Pair Corr
0.63	MUU	Direxion Daily MU	Pair Corr
0.63	MULL	GraniteShares 2x Long	Pair Corr
0.52	KORU	Direxion Daily South	Pair Corr
0.4	YCS	ProShares UltraShort Yen	Pair Corr
0.4	FNGD	MicroSectors FANG Index	Pair Corr
0.38	BWET	ETF Managers Group	Pair Corr
0.94	XAUG	FT Cboe Vest	Pair Corr
0.92	PSFD	Pacer Swan SOS	Pair Corr
0.91	XYLD	Global X SP	Pair Corr
0.89	PFFA	Virtus InfraCap Preferred	Pair Corr
0.85	WDNA	WisdomTree BioRevolution	Pair Corr
0.84	IQSZ	Invesco Actively Managed	Pair Corr
0.8	FPXE	First Trust IPOX	Pair Corr
0.7	CHPS	Xtrackers Semiconductor	Pair Corr
0.68	BSMS	Invesco BulletShares 2028	Pair Corr
0.68	REGL	ProShares SP MidCap	Pair Corr
0.67	GENW	Spinnaker ETF Series	Pair Corr
0.64	DBA	Invesco DB Agriculture	Pair Corr
0.62	NCPB	Nuveen Core Plus	Pair Corr
0.61	SHNY	Microsectors Gold	Pair Corr
0.6	FHLC	Fidelity MSCI Health	Pair Corr
0.57	GPT	Intelligent Alpha Atlas Symbol Change	Pair Corr
0.53	EMES	Harbor ETF Trust	Pair Corr
0.93	JANW	AIM ETF Products	Pair Corr
0.92	SIXJ	AIM ETF Products	Pair Corr
0.92	GAPR	First Trust Exchange	Pair Corr
0.84	PFF	iShares Preferred	Pair Corr

Related Correlations Analysis

	YCL	YOLO	CRCG	RSMV	QSIG	UFIV	TLCI	CORN	FCUS	NXTE
YCL		-0.14	0.11	-0.23	-0.16	0.05	-0.16	0.43	-0.1	-0.1	YCL
YOLO	-0.14		0.28	0.34	0.07	-0.08	0.21	-0.07	-0.04	0.01	YOLO
CRCG	0.11	0.28		-0.16	-0.7	-0.44	-0.39	0.52	-0.54	-0.4	CRCG
RSMV	-0.23	0.34	-0.16		0.67	0.07	0.84	-0.47	0.71	0.79	RSMV
QSIG	-0.16	0.07	-0.7	0.67		0.59	0.81	-0.57	0.83	0.78	QSIG
UFIV	0.05	-0.08	-0.44	0.07	0.59		0.2	-0.06	0.21	0.15	UFIV
TLCI	-0.16	0.21	-0.39	0.84	0.81	0.2		-0.61	0.9	0.93	TLCI
CORN	0.43	-0.07	0.52	-0.47	-0.57	-0.06	-0.61		-0.67	-0.62	CORN
FCUS	-0.1	-0.04	-0.54	0.71	0.83	0.21	0.9	-0.67		0.97	FCUS
NXTE	-0.1	0.01	-0.4	0.79	0.78	0.15	0.93	-0.62	0.97		NXTE
	YCL	YOLO	CRCG	RSMV	QSIG	UFIV	TLCI	CORN	FCUS	NXTE

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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

NXTE	+ 0.97	FCUS
NXTE	+ 0.93	TLCI
FCUS	+ 0.9	TLCI
TLCI	+ 0.84	RSMV
FCUS	+ 0.83	QSIG
TLCI	+ 0.81	QSIG

High negative correlations

QSIG	- 0.7	CRCG
FCUS	- 0.67	CORN
NXTE	- 0.62	CORN
CORN	- 0.61	TLCI
CORN	- 0.57	QSIG
FCUS	- 0.54	CRCG

ProShares VIX Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares VIX 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 VIX'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
YCL	0.77	(0.01)	(0.07)	(0.08)	0.90	(0.98)	2.03	(1.56)	5.54
YOLO	3.05	(0.07)	0.00	(0.20)	0.00	0.00	4.98	(6.00)	47.55
CRCG	7.75	(1.73)	0.00	(0.34)	0.00	0.00	19.09	(17.98)	42.21
RSMV	0.58	(0.02)	(0.05)	0.03	0.73	(0.61)	1.20	(1.29)	2.93
QSIG	0.07	0.01	(0.70)	0.82	0.00	(0.10)	0.17	(0.10)	0.33
UFIV	0.12	0.01	(0.33)	1.51	0.00	(0.15)	0.29	(0.20)	0.65
TLCI	0.60	0.00	(0.03)	0.05	0.69	(0.66)	1.30	(1.28)	3.18
CORN	0.61	(0.02)	0.00	0.31	0.00	0.00	1.30	(1.50)	5.84
FCUS	1.79	0.11	0.05	0.13	2.52	(1.81)	4.33	(4.43)	10.49
NXTE	1.09	0.00	0.01	0.06	1.27	(1.24)	2.09	(2.41)	6.17

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