ProShares VIX Correlations

VIXM Etf

USD 14.97 0.15 1.01%

The current 90-days correlation between ProShares VIX Mid and Investment Managers Series is -0.73 (i.e., Pay attention - limited upside). 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 -0.9 (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 various price indices.

Moving together with ProShares Etf

0.97	VXX	iPath Series B	Pair Corr
0.97	VIXY	ProShares VIX Short	Pair Corr
0.65	EUO	ProShares UltraShort Euro	Pair Corr
1.0	VXZ	iPath Series B	Pair Corr

Moving against ProShares Etf

0.96	BMAY	Innovator SP 500	Pair Corr
0.9	VTV	Vanguard Value Index	Pair Corr
0.9	VO	Vanguard Mid Cap	Pair Corr
0.9	JHSC	John Hancock Multifactor	Pair Corr
0.88	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.88	ZHOG	RBB Fund Symbol Change	Pair Corr
0.87	TOT	Advisor Managed Port	Pair Corr
0.86	FPXE	First Trust IPOX	Pair Corr
0.86	GSIG	Goldman Sachs Access	Pair Corr
0.85	IVV	iShares Core SP	Pair Corr
0.84	SPY	SPDR SP 500	Pair Corr
0.82	UDN	Invesco DB Dollar	Pair Corr
0.79	CEFD	ETRACS Monthly Pay	Pair Corr
0.76	SOXY	YieldMax Target 12	Pair Corr
0.74	XBI	SPDR SP Biotech Aggressive Push	Pair Corr
0.74	FSMB	First Trust Short	Pair Corr
0.7	EMCS	Xtrackers MSCI Emerging	Pair Corr
0.67	PSCT	Invesco SP SmallCap	Pair Corr
0.64	IXJ	iShares Global Healthcare	Pair Corr
0.57	YCS	ProShares UltraShort Yen	Pair Corr
0.49	BND	Vanguard Total Bond	Pair Corr

Related Correlations Analysis

	YCL	YOLO	CRCG	RSMV	QSIG	UFIV	TLCI	CORN	FCUS	NXTE
YCL		-0.03	0.82	-0.65	-0.71	-0.25	-0.23	0.42	-0.41	-0.13	YCL
YOLO	-0.03		0.07	0.4	0.39	0.17	0.45	-0.22	0.2	0.24	YOLO
CRCG	0.82	0.07		-0.4	-0.51	-0.26	0.12	0.12	-0.04	0.26	CRCG
RSMV	-0.65	0.4	-0.4		0.86	0.28	0.71	-0.35	0.68	0.59	RSMV
QSIG	-0.71	0.39	-0.51	0.86		0.59	0.66	-0.47	0.49	0.4	QSIG
UFIV	-0.25	0.17	-0.26	0.28	0.59		0.23	-0.15	-0.18	-0.13	UFIV
TLCI	-0.23	0.45	0.12	0.71	0.66	0.23		-0.52	0.76	0.86	TLCI
CORN	0.42	-0.22	0.12	-0.35	-0.47	-0.15	-0.52		-0.5	-0.45	CORN
FCUS	-0.41	0.2	-0.04	0.68	0.49	-0.18	0.76	-0.5		0.91	FCUS
NXTE	-0.13	0.24	0.26	0.59	0.4	-0.13	0.86	-0.45	0.91		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	+ 0.91	FCUS
QSIG	+ 0.86	RSMV
NXTE	+ 0.86	TLCI
CRCG	+ 0.82	YCL
FCUS	+ 0.76	TLCI
TLCI	+ 0.71	RSMV

High negative correlations

QSIG	- 0.71	YCL
RSMV	- 0.65	YCL
CORN	- 0.52	TLCI
QSIG	- 0.51	CRCG
FCUS	- 0.5	CORN
CORN	- 0.47	QSIG

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	0.66	(0.13)	0.00	(4.36)	0.00	0.00	1.40	(1.53)	3.95
YOLO	3.40	0.04	0.00	0.27	4.18	(3.68)	4.98	(6.00)	47.55
CRCG	7.68	(1.99)	0.00	(0.35)	0.00	0.00	18.38	(18.84)	43.32
RSMV	0.51	(0.02)	(0.05)	0.05	0.60	(0.56)	1.01	(1.17)	2.96
QSIG	0.07	0.00	(0.79)	0.05	0.00	(0.10)	0.16	(0.10)	0.37
UFIV	0.12	(0.02)	0.00	(0.38)	0.00	0.00	0.22	(0.22)	0.67
TLCI	0.51	(0.02)	(0.07)	0.03	0.62	(0.57)	0.94	(0.99)	3.18
CORN	0.64	(0.03)	0.00	(0.16)	0.00	0.00	1.33	(1.50)	5.84
FCUS	1.85	0.15	0.07	0.15	2.48	(1.84)	4.33	(4.43)	11.44
NXTE	1.13	(0.05)	(0.01)	0.03	1.37	(1.26)	2.09	(2.67)	6.17

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