ProShares Large Correlations

CSM Etf

USD 79.42 0.34 0.43%

The current 90-days correlation between ProShares Large Cap and Vanguard Total Stock is 0.98 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares Large moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares Large Cap moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ProShares Large Correlation With Market

Very poor diversification

The correlation between ProShares Large Cap and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ProShares Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ProShares Large Cap. 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

0.98	VTI	Vanguard Total Stock	Pair Corr
0.99	SPY	SPDR SP 500	Pair Corr
0.99	IVV	iShares Core SP	Pair Corr
0.9	VIG	Vanguard Dividend	Pair Corr
0.99	VV	Vanguard Large Cap	Pair Corr
0.98	IWB	iShares Russell 1000	Pair Corr
0.99	ESGU	iShares ESG Aware	Pair Corr
0.94	DFAC	Dimensional Core Equity	Pair Corr
0.82	SPLG	SSgA Symbol Change	Pair Corr
0.62	LUX	Tema Global	Pair Corr
0.92	SWP	SWP Growth Income	Pair Corr
0.89	DIEM	Franklin Templeton ETF	Pair Corr
0.84	IDEV	iShares Core MSCI	Pair Corr
0.72	RMCA	Rockefeller California	Pair Corr
0.74	GLDX	USCF Gold Strategy	Pair Corr
0.91	FNDF	Schwab Fundamental	Pair Corr
0.68	BSJU	Invesco Exchange Traded	Pair Corr
0.82	VGK	Vanguard FTSE Europe	Pair Corr
0.95	DHSB	Strategy Shares	Pair Corr
0.99	JUST	Goldman Sachs JUST	Pair Corr
0.98	SEPU	AllianzIM Equity Buffer15	Pair Corr
0.95	DSI	iShares MSCI KLD	Pair Corr
0.81	VCLN	Virtus Duff Phelps	Pair Corr
0.97	GJUN	First Trust Exchange	Pair Corr
0.98	EFIV	SPDR SP 500	Pair Corr
0.86	VEGN	US Vegan Climate	Pair Corr
0.91	TVAL	T Rowe Price	Pair Corr
0.97	QDTE	Roundhill ETF Trust	Pair Corr
0.86	SIXD	AIM ETF Products	Pair Corr
0.77	DISV	Dimensional ETF Trust	Pair Corr

Moving against ProShares Etf

0.72

NFLX

Netflix

Pair Corr

Related Correlations Analysis

	VTI	SPY	IVV	VIG	VV	RSP	IWB	ESGU	DFAC
VTI		0.99	0.99	0.89	1.0	0.63	1.0	0.99	0.96	VTI
SPY	0.99		1.0	0.88	1.0	0.57	1.0	1.0	0.94	SPY
IVV	0.99	1.0		0.88	1.0	0.56	1.0	1.0	0.94	IVV
VIG	0.89	0.88	0.88		0.88	0.71	0.89	0.87	0.92	VIG
VV	1.0	1.0	1.0	0.88		0.57	1.0	1.0	0.94	VV
RSP	0.63	0.57	0.56	0.71	0.57		0.62	0.55	0.76	RSP
IWB	1.0	1.0	1.0	0.89	1.0	0.62		0.99	0.96	IWB
ESGU	0.99	1.0	1.0	0.87	1.0	0.55	0.99		0.93	ESGU
DFAC	0.96	0.94	0.94	0.92	0.94	0.76	0.96	0.93		DFAC
	VTI	SPY	IVV	VIG	VV	RSP	IWB	ESGU	DFAC

ProShares Large Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares Large 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 Large'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
VTI	0.55	0.01	0.01	0.08	0.84	(0.53)	1.16	(1.21)	3.60
SPY	0.54	0.02	0.01	0.09	0.80	(0.52)	1.18	(1.19)	3.53
IVV	0.53	0.02	0.01	0.09	0.79	(0.52)	1.19	(1.15)	3.55
VIG	0.47	0.01	0.00	0.09	0.51	(0.52)	0.93	(0.93)	2.89
VV	0.55	0.02	0.01	0.09	0.79	(0.53)	1.24	(1.22)	3.52
RSP	0.55	(0.03)	(0.05)	0.03	0.74	(0.53)	1.00	(1.13)	3.75
IWB	0.54	0.01	0.01	0.08	0.82	(0.51)	1.17	(1.19)	3.54
ESGU	0.55	0.02	0.02	0.09	0.84	(0.51)	1.21	(1.25)	3.58
DFAC	0.55	0.00	(0.01)	0.06	0.83	(0.51)	1.30	(1.32)	3.80

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