ProShares Ultra Correlations

Etfs . USA . 
Etf . ProShares Ultra Yen
YCL Etf  USD 23.83  0.23  0.97%   
The current 90-days correlation between ProShares Ultra Yen and ProShares Ultra Euro is 0.43 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares Ultra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares Ultra Yen moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ProShares Ultra Correlation With Market

Very good diversification

The correlation between ProShares Ultra Yen and DJI is -0.32 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Ultra Yen and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ProShares Ultra Yen. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with ProShares Etf

  0.67VXX iPath Series B TrendingPairCorr
  0.67VIXY ProShares VIX Short TrendingPairCorr
  0.78VIXM ProShares VIX Mid Low VolatilityPairCorr
  0.87UDN Invesco DB DollarPairCorr
  0.78VXZ iPath Series B Low VolatilityPairCorr
  0.75CEF Sprott Physical GoldPairCorr
  0.69WIA Western AssetClaymorePairCorr
  0.63WIW Western Asset ClaymorePairCorr
  0.85IBDR iShares iBonds DecPairCorr
  0.76EBND SPDR Bloomberg Emerging Potential GrowthPairCorr
  0.76SDFI AB Active ETFs,PairCorr
  0.66CDX Simplify Exchange TradedPairCorr
  0.88SGOV iShares 0 3PairCorr
  0.77FSBD Fidelity Sustainable CorePairCorr
  0.63KGRN KraneShares MSCI ChinaPairCorr
  0.79ISDB Invesco Short Duration Symbol ChangePairCorr
  0.84XSVN Bondbloxx ETF TrustPairCorr
  0.7EFAS Global X MSCIPairCorr
  0.81EMTY ProShares DeclinePairCorr
  0.83GUMI Goldman Sachs ETFPairCorr
  0.75BSJP Invesco BulletShares 2025PairCorr
  0.79VMBS Vanguard MortgagePairCorr
  0.67UNL United States 12 Downward RallyPairCorr
  0.8BND Vanguard Total BondPairCorr

Moving against ProShares Etf

  0.99YCS ProShares UltraShort YenPairCorr
  0.88UUP Invesco DB DollarPairCorr
  0.83EUO ProShares UltraShort EuroPairCorr
  0.69VTI Vanguard Total StockPairCorr
  0.62PSP Invesco Global ListedPairCorr
  0.54CEFD ETRACS Monthly Pay Downward RallyPairCorr
  0.34DLN WisdomTree LargeCapPairCorr

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   
UCC
+ 0.78
LTL
UCC
+ 0.76
YCS
UGE
+ 0.38
LTL
LTL
+ 0.36
YCS
UGE
+ 0.19
ULE
  
High negative correlations   
UCC
- 0.89
ULE
YCS
- 0.78
ULE
LTL
- 0.67
ULE
UGE
- 0.54
YCS
UCC
- 0.14
UGE

ProShares Ultra Constituents Risk-Adjusted Indicators

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

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