ProShares Correlations

Etfs . USA . 
Etf . ProShares SP 500
SPXE Etf  USD 67.28  1.03  1.51%   
The current 90-days correlation between ProShares SP 500 and ProShares SP 500 is 0.99 (i.e., No risk reduction). The correlation of ProShares 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 Correlation With Market

Very poor diversification

The correlation between ProShares SP 500 and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares SP 500 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 SP 500. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with ProShares Etf

  1.0VTI Vanguard Total StockPairCorr
  1.0SPY SPDR SP 500PairCorr
  1.0IVV iShares Core SPPairCorr
  0.99VIG Vanguard DividendPairCorr
  1.0VV Vanguard Large CapPairCorr
  0.98RSP Invesco SP 500PairCorr
  1.0IWB iShares Russell 1000PairCorr
  1.0ESGU iShares ESG AwarePairCorr
  1.0DFAC Dimensional Core EquityPairCorr
  1.0SPLG SPDR Portfolio SPPairCorr
  0.83PFFL ETRACS 2xMonthly PayPairCorr
  1.0ITDD iShares TrustPairCorr
  0.68PMBS PIMCO Mortgage BackedPairCorr
  0.88CVX Chevron Corp Sell-off TrendPairCorr
  0.87DD Dupont De NemoursPairCorr
  0.97BAC Bank of AmericaPairCorr
  0.9DIS Walt Disney Earnings Call This WeekPairCorr
  0.79MMM 3M CompanyPairCorr
  0.7IBM International BusinessPairCorr
  0.94GE GE AerospacePairCorr
  0.98JPM JPMorgan ChasePairCorr

Moving against ProShares Etf

  0.75MPAY Exchange Traded ConceptsPairCorr
  0.53KO Coca ColaPairCorr
  0.68MCD McDonalds Earnings Call This WeekPairCorr
  0.47TRV The Travelers CompaniesPairCorr
  0.44PG Procter GamblePairCorr

Related Correlations Analysis

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ProShares Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares 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' 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.

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