ProShares K 1 Free ETF Volatility
| OILK ETF | USD 59.00 0.91 1.57% |
Sharpe Ratio = 0.2257
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ProShares K 1 Free's financial profile includes a Market Risk Adjusted Performance of -0.4%, a Risk of 2.47, and a Risk Adjusted Performance of 0.2%. Based on monthly moving averages, the ETF is operating near 17% of its historical performance range.
Key indicators related to ProShares' volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Key risk metrics for ProShares (3 Months):
Beta -1.24 | Alpha 0.58 | Risk 2.47 | Sharpe Ratio 0.23 | Expected Return 0.56 |
Assets With Similar Volatility
| 0.97 | USO | United States Oil | PairCorr |
| 0.74 | DBA | Invesco DB Agriculture | PairCorr |
| 0.63 | RNWZ | TrueShares Eagle Global | PairCorr |
Lower Correlation Assets
| 0.74 | GLD | SPDR Gold Shares | PairCorr |
| 0.74 | IAU | iShares Gold Trust | PairCorr |
| 0.74 | GLDM | SPDR Gold MiniShares | PairCorr |
| 0.74 | SGOL | abrdn Physical Gold | PairCorr |
| 0.74 | IAUM | iShares Gold Trust | PairCorr |
| 0.72 | MDBX | Tradr 2X Long | PairCorr |
| 0.68 | GLTR | abrdn Physical Precious | PairCorr |
| 0.53 | SLV | iShares Silver Trust Aggressive Push | PairCorr |
| 0.53 | SIVR | abrdn Physical Silver | PairCorr |
Sensitivity To Market
The beta coefficient of -1.24 for ProShares K 1 Free measures how its returns respond to broader market changes. In regression terms, beta captures the slope between asset returns and index returns. Historical volatility is currently near 2.47%. This analysis separates observed movement from interpretation for ProShares K 1 Free. Standard deviation (2.45%) and downside deviation (2.86%) describe the range without implying direction. ETF volatility often reflects both the underlying basket and the trading layer. Premium/discount to NAV is often expressed as (Price − NAV) / NAV × 100 when NAV is available. Spread stability also shapes short-term movement.
3 Months Beta |ProShares K 1 Demand TrendCurrent 90-day ProShares correlation with market (Dow Jones Industrial)Downside Risk
ProShares standard deviation over the selected horizon reflects the magnitude of daily price swings relative to the historical average. A rising standard deviation for ProShares over successive periods signals increasing price uncertainty. ProShares standard deviation compared across rolling windows highlights periods of elevated or subdued price risk. The daily dispersion captured by standard deviation is one of the most widely used risk metrics for ProShares.
Standard Deviation | 2.47 |
Upside risk in ProShares is captured by its standard deviation, which includes both favorable and unfavorable price movements. While standard deviation captures total price dispersion, semi-deviation and downside deviation measure only loss risk in ProShares' returns. Total return dispersion for ProShares encompasses both favorable and adverse price movements within the measured period. The distinction matters because favorable volatility in ProShares is not the same as damaging volatility. ProShares K 1 Free's financial profile includes a Downside Deviation of 2.86, a Downside Variance of 8.18, and a Maximum Drawdown of 11.03.
ETF Volatility Analysis
ProShares ETF volatility is a key input for most investment risk models. When ProShares' volatility is elevated, prices swing by several percentage points in a single session. Understanding ProShares volatility quantifies the risk of holding ProShares' ETF. These price changes indicate the level of risk and return variability associated with ProShares'.
Transformation |
This analysis covers sixty-one data points across the selected time horizon. The Average Price transformation calculates the mean of ProShares K 1's open, high, low, and close for each trading period. By incorporating all four price components equally, it provides a balanced representation of each period's trading activity. Compared to using the closing price alone, the average price reduces the influence of end-of-day positioning and can serve as a smoother input for other technical indicators.
Projected Return Density Against Market
Given a 90-day horizon, ProShares K 1 Free has a beta of -1.2438. This indicates as returns on its benchmark rise, returns on ProShares K 1 Free tend to decrease by similarly larger amounts. On the other hand, during market turmoil, ProShares tends to outperform its benchmark.ProShares combines broad market sensitivity with company or sector-specific developments. Diversification may lower asset-specific risk, but systematic volatility remains inherent. ProShares K 1 Free's financial profile includes a Downside Deviation of 2.86, a Mean Deviation of 1.87, and a Semi Deviation of 2.34.
Predicted Return Distribution |
| Density |
What Drives ProShares' Price Volatility?
Holdings and Allocation
Exposure changes, asset reallocation, or index methodology updates in the Commodities Focused category can alter ProShares' day-to-day volatility profile.Political and Economic Environment
Broad market tone, policy uncertainty, and recession or expansion signals shape volatility conditions for ProShares.ProShares' Fund-Specific Factors
Unexpected fund flow surges, tracking deviation, or liquidity changes can drive outsized moves in ProShares' price.ETF Risk Measures
Given a 90-day horizon, the coefficient of variation of ProShares is 443.03. The daily returns are distributed with a variance of 6.09 and standard deviation of 2.47. The mean deviation of ProShares K 1 Free is currently at 1.9. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.95
α | Alpha over Dow Jones | 0.58 | |
β | Beta against Dow Jones | -1.2438 | |
σ | Overall volatility | 2.47 | |
Ir | Information ratio | 0.22 |
ETF Return Volatility
Volatility for ProShares quantifies the day-to-day dispersion of ETF returns around their historical average. The exchange-traded fund carries 2.4674% return volatility across the 90-day horizon. As a benchmark, Dow Jones Industrial reported 0.9314% volatility on return distribution over a 90-day investment horizon. Performance |
| Timeline |
Related Correlations Analysis
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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
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ProShares Constituents Risk-Adjusted Indicators
Headline performance for ProShares ETF may not fully reflect how the business compares across its competitive set. Risk-adjusted metrics help compare ProShares' efficiency and downside exposure against peers on a like-for-like basis. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UMAY | 0.16 | 0.02 | 0.04 | 0.15 | 0.07 | 0.44 | 1.20 | |||
| SPXN | 0.77 | 0.11 | 0.10 | 0.14 | 0.83 | 1.27 | 3.63 | |||
| PFI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LEAD | 0.78 | 0.07 | 0.06 | 0.10 | 0.96 | 1.64 | 4.98 | |||
| TTEQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CHPY | 1.53 | 0.36 | 0.18 | 0.27 | 1.65 | 3.55 | 9.40 | |||
| XISE | 0.21 | -0.01 | -0.07 | -0.02 | 0.27 | 0.40 | 1.64 | |||
| IGTR | 1.07 | 0.06 | 0.05 | 0.07 | 1.21 | 2.50 | 5.76 | |||
| WOMN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TRND | 0.72 | 0.04 | 0.04 | 0.07 | 0.80 | 1.56 | 3.64 |
Risk Metrics, Assumptions & Methodology
Drawdown analysis for ProShares measures the largest peak-to-trough declines and their duration within the fund's price history. Drawdown frequency and clustering help distinguish episodic stress from persistent volatility regimes.
ProShares K 1 Free values are built from fund disclosures and market reference feeds, with reporting definitions aligned before display. Volatility and downside metrics are estimated from historical return dispersion.
Editorial review and methodology oversight provided by: Gabriel Shpitalnik, Member of Macroaxis Editorial Board
Volatility Profile Summary
Recent data suggests that ProShares K 1 Free is more volatile than Dow Jones Industrial by approximately 2.66x over the selected horizon. This differential reflects the relative dispersion of returns and frames how the asset responds to broader market conditions. Observed price behavior indicates modest directional movement within the current volatility regime. Across the current 90-day horizon, that places the security below 22% of the broader equity and portfolio universe on a pure volatility basis. This positioning reflects relative dispersion compared to peers rather than extreme instability.ProShares K 1 Free with characteristics aligned to broad market upside participation. This price-change note interprets the latest move in the context of short-horizon trading behavior. It is intended to separate routine noise from more speculative bursts in price action. a large bullish trend. Return distributions derived from historical modeling outline a range of potential outcomes over the selected 90-day horizon. View ProShares probability analysis.
Strong inverse diversification
ProShares currently posts a -0.29 correlation with Dow Jones, indicating a Strong inverse diversification relationship for the active sample. In portfolio terms, the overlap shows how much shared movement remains after combining both positions.
Additional Risk Indicators
Looking at additional risk metrics for ProShares K 1 Free frames how the position may behave under different market and portfolio conditions. This is most informative when assessing whether the current opportunity is being compensated with reasonable risk.
| Risk Adjusted Performance | 0.2255 | |||
| Market Risk Adjusted Performance | -0.44 | |||
| Mean Deviation | 1.87 | |||
| Semi Deviation | 2.34 | |||
| Downside Deviation | 2.86 | |||
| Coefficient Of Variation | 434.23 | |||
| Standard Deviation | 2.45 |
ProShares Suggested Diversification Pairs
Pair trading with ProShares hedges company-specific exposure by balancing a long view with an offsetting position. The advantage is that adverse movement in one leg may be partly offset by the other when correlation and thesis alignment hold.
Risk reduction through pair trading is real but has limits - not every type of exposure can be offset by a second leg. ProShares' exposure to overall market risk stays intact regardless of pairing. The value of a second leg lies in reducing ProShares' idiosyncratic risk - the part that comes from company-level events rather than macro conditions.
More Resources for ProShares ETF Analysis
Comparing ProShares' market price with NAV reveals how trading dynamics relate to underlying asset values. ETF valuation considers factors like expense ratio, tracking accuracy, and the composition of underlying holdings.
Market price and NAV for ProShares can move independently over short periods. Category positioning, asset allocation methodology, and cost competitiveness contribute to the assessment.