ProShares UltraPro Correlations

Etfs . USA . 
Etf . ProShares UltraPro Short
SPXU Etf  USD 18.40  0.52  2.75%   
The current 90-days correlation between ProShares UltraPro Short and ProShares UltraPro Short is 0.97 (i.e., Almost no diversification). The correlation of ProShares UltraPro 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. If the correlation is 0, the equities are not correlated; they are entirely random.

ProShares UltraPro Correlation With Market

Pay attention - limited upside

The correlation between ProShares UltraPro Short and DJI is -0.98 (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 UltraPro Short 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 UltraPro Short. 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

  0.98SH ProShares Short SP500PairCorr
  0.99PSQ ProShares Short QQQPairCorr
  1.0SDS ProShares UltraShortPairCorr
  1.0SPXS Direxion Daily SP Aggressive PushPairCorr
  0.99QID ProShares UltraShort QQQPairCorr
  0.91RWM ProShares Short RussPairCorr
  0.98SPDN Direxion Daily SPPairCorr
  0.89DOG ProShares Short Dow30PairCorr

Moving against ProShares Etf

  0.98QTOC Innovator ETFs TrustPairCorr
  0.98QTAP Innovator Growth 100PairCorr
  0.97QTJA Innovator ETFs TrustPairCorr
  0.97XTAP Innovator Equity AccPairCorr
  0.96XTOC Innovator ETFs TrustPairCorr
  0.95XTJA Innovator ETFs TrustPairCorr
  0.87UPRO ProShares UltraPro SP500PairCorr
  0.98GLOF iShares MSCI GlobalPairCorr
  0.97QGRW WisdomTree TrustPairCorr
  0.97VOLT Tema Electrification ETFPairCorr
  0.96IXUS iShares Core MSCIPairCorr
  0.96JIRE JP Morgan ExchangePairCorr
  0.95FMIL Fidelity New MillenniumPairCorr
  0.95BUFR First Trust CboePairCorr
  0.91FRNW Fidelity Covington Trust Low VolatilityPairCorr
  0.91DWMF WisdomTree InternationalPairCorr
  0.9BTFD Valkyrie Bitcoin StrategyPairCorr
  0.89IHY VanEck International HighPairCorr
  0.89NFXL Direxion Daily NFLXPairCorr
  0.88NIKL Sprott Nickel MinersPairCorr
  0.88BRRR Valkyrie BitcoinPairCorr
  0.82COPJ Sprott Junior CopperPairCorr
  0.63PICB Invesco InternationalPairCorr
  0.49EMCG Embrace Change AcquiPairCorr
  0.98NBGX Neuberger Berman ETFPairCorr
  0.96ARKQ ARK Autonomous Technology Low VolatilityPairCorr
  0.96XHYT BondBloxx ETF TrustPairCorr
  0.96CGIE Capital Group InternPairCorr
  0.95AGEM abrdn Emerging MarketsPairCorr
  0.94FORH Formidable ETFPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
SPXS
+ 0.99
SQQQ
SRTY
+ 0.97
SPXS
SPXS
+ 0.96
SDOW
SRTY
+ 0.96
SDOW
SRTY
+ 0.93
SQQQ
SQQQ
+ 0.92
SDOW
  
High negative correlations   
SRTY
- 0.93
UPRO
UPRO
- 0.93
SDOW
SPXS
- 0.87
UPRO
UPRO
- 0.8
SQQQ

ProShares UltraPro Constituents Risk-Adjusted Indicators

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