ProShares Hedge Correlations
HDG Etf | USD 49.81 0.08 0.16% |
The current 90-days correlation between ProShares Hedge Repl and ProShares Merger ETF is 0.42 (i.e., Very weak diversification). The correlation of ProShares Hedge 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 Hedge Correlation With Market
Very poor diversification
The correlation between ProShares Hedge Replication and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Hedge Replication and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with ProShares Etf
0.99 | QAI | IQ Hedge Multi | PairCorr |
0.87 | LALT | Invesco Multi Strategy | PairCorr |
0.97 | HFND | Tidal ETF Trust | PairCorr |
0.97 | UPRO | ProShares UltraPro SP500 | PairCorr |
0.98 | QTJA | Innovator ETFs Trust | PairCorr |
0.98 | QTOC | Innovator ETFs Trust | PairCorr |
0.98 | XTOC | Innovator ETFs Trust | PairCorr |
0.98 | QTAP | Innovator Growth 100 | PairCorr |
0.98 | XTJA | Innovator ETFs Trust | PairCorr |
0.99 | XTAP | Innovator Equity Acc | PairCorr |
0.68 | EUSB | iShares Trust | PairCorr |
0.88 | VABS | Virtus Newfleet ABSMBS | PairCorr |
0.98 | VWO | Vanguard FTSE Emerging | PairCorr |
0.68 | SITC | Site Centers Corp | PairCorr |
0.97 | SAUG | First Trust Exchange | PairCorr |
0.88 | ULST | SPDR SSgA Ultra | PairCorr |
0.98 | BUFD | FT Cboe Vest | PairCorr |
0.97 | VYMI | Vanguard International | PairCorr |
0.96 | DFEV | Dimensional ETF Trust | PairCorr |
0.94 | VFVA | Vanguard Value Factor | PairCorr |
0.86 | SPIB | SPDR Barclays Interm | PairCorr |
0.76 | HIDE | Alpha Architect High | PairCorr |
0.95 | SOXX | iShares Semiconductor ETF Sell-off Trend | PairCorr |
0.98 | SUPP | TCW Transform Supply | PairCorr |
0.9 | IBIB | iShares Trust | PairCorr |
0.95 | NFLX | Netflix Earnings Call Tomorrow | PairCorr |
0.67 | CERY | SPDR Series Trust | PairCorr |
0.98 | DECW | AIM ETF Products | PairCorr |
0.9 | KWEB | KraneShares CSI China Aggressive Push | PairCorr |
0.9 | VBF | Invesco Van Kampen | PairCorr |
0.81 | FCOR | Fidelity Corporate Bond | PairCorr |
0.96 | EFAA | Invesco Actively Managed | PairCorr |
0.98 | SRLN | SPDR Blackstone Senior Sell-off Trend | PairCorr |
0.87 | KGRN | KraneShares MSCI China | PairCorr |
0.91 | FXED | Tidal ETF Trust | PairCorr |
0.92 | MYMF | SPDR SSGA My2026 | PairCorr |
0.91 | ENOR | iShares MSCI Norway | PairCorr |
Related Correlations Analysis
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ProShares Hedge Constituents Risk-Adjusted Indicators
There is a big difference between ProShares Etf performing well and ProShares Hedge 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 Hedge'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
MRGR | 0.08 | 0.01 | (0.76) | 0.32 | 0.00 | 0.22 | 0.50 | |||
QAI | 0.25 | 0.04 | (0.10) | 0.29 | 0.17 | 0.68 | 1.61 | |||
CSM | 0.91 | 0.42 | 0.21 | (0.69) | 0.67 | 2.52 | 13.41 | |||
MNA | 0.20 | 0.06 | (0.23) | (0.75) | 0.00 | 0.41 | 2.35 | |||
RINF | 0.34 | 0.05 | (0.18) | (0.62) | 0.34 | 0.70 | 1.83 |