ProShares Hedge Correlations

Etfs . USA . 
Etf . ProShares Hedge Replication
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.
  
Build AI portfolio with ProShares Etf
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ProShares Hedge Replication. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with ProShares Etf

  0.99QAI IQ Hedge MultiPairCorr
  0.87LALT Invesco Multi StrategyPairCorr
  0.97HFND Tidal ETF TrustPairCorr
  0.97UPRO ProShares UltraPro SP500PairCorr
  0.98QTJA Innovator ETFs TrustPairCorr
  0.98QTOC Innovator ETFs TrustPairCorr
  0.98XTOC Innovator ETFs TrustPairCorr
  0.98QTAP Innovator Growth 100PairCorr
  0.98XTJA Innovator ETFs TrustPairCorr
  0.99XTAP Innovator Equity AccPairCorr
  0.68EUSB iShares TrustPairCorr
  0.88VABS Virtus Newfleet ABSMBSPairCorr
  0.98VWO Vanguard FTSE EmergingPairCorr
  0.68SITC Site Centers CorpPairCorr
  0.97SAUG First Trust ExchangePairCorr
  0.88ULST SPDR SSgA UltraPairCorr
  0.98BUFD FT Cboe VestPairCorr
  0.97VYMI Vanguard InternationalPairCorr
  0.96DFEV Dimensional ETF TrustPairCorr
  0.94VFVA Vanguard Value FactorPairCorr
  0.86SPIB SPDR Barclays IntermPairCorr
  0.76HIDE Alpha Architect HighPairCorr
  0.95SOXX iShares Semiconductor ETF Sell-off TrendPairCorr
  0.98SUPP TCW Transform SupplyPairCorr
  0.9IBIB iShares TrustPairCorr
  0.95NFLX Netflix Earnings Call TomorrowPairCorr
  0.67CERY SPDR Series TrustPairCorr
  0.98DECW AIM ETF ProductsPairCorr
  0.9KWEB KraneShares CSI China Aggressive PushPairCorr
  0.9VBF Invesco Van KampenPairCorr
  0.81FCOR Fidelity Corporate BondPairCorr
  0.96EFAA Invesco Actively ManagedPairCorr
  0.98SRLN SPDR Blackstone Senior Sell-off TrendPairCorr
  0.87KGRN KraneShares MSCI ChinaPairCorr
  0.91FXED Tidal ETF TrustPairCorr
  0.92MYMF SPDR SSGA My2026PairCorr
  0.91ENOR iShares MSCI NorwayPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY