ProShares Inflation Correlations

RINF Etf

USD 33.25 0.07 0.21%

The current 90-days correlation between ProShares Inflation and SPDR SSgA Multi Asset is 0.01 (i.e., Significant diversification). The correlation of ProShares Inflation 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 Inflation Correlation With Market

Very good diversification

The correlation between ProShares Inflation Expectatio and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Inflation Expectatio and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ProShares Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProShares Inflation Expectations. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with ProShares Etf

0.83	AMAX	Starboard Investment	Pair Corr
0.67	OBND	SSGA Active Trust	Pair Corr
0.8	VPC	Virtus Private Credit	Pair Corr
0.74	HYIN	WisdomTree Alternative	Pair Corr
0.78	SIXD	AIM ETF Products	Pair Corr
0.62	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.77	CEFD	ETRACS Monthly Pay	Pair Corr
0.84	PFUT	Putnam Sustainable Future	Pair Corr
0.67	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.84	KGRN	KraneShares MSCI China	Pair Corr
0.8	BUFD	FT Cboe Vest	Pair Corr
0.62	VBF	Invesco Van Kampen	Pair Corr
0.81	QTOC	Innovator ETFs Trust	Pair Corr
0.8	CGGO	Capital Group Global	Pair Corr
0.73	NFLX	Netflix Downward Rally	Pair Corr

Moving against ProShares Etf

0.82	VXX	iPath Series B	Pair Corr
0.82	VIXY	ProShares VIX Short	Pair Corr
0.71	YCL	ProShares Ultra Yen	Pair Corr

Related Correlations Analysis

	RLY	HDG	TBX	MRGR	UJB
RLY		0.91	0.27	0.96	0.94	RLY
HDG	0.91		0.35	0.91	0.96	HDG
TBX	0.27	0.35		0.29	0.19	TBX
MRGR	0.96	0.91	0.29		0.91	MRGR
UJB	0.94	0.96	0.19	0.91		UJB
	RLY	HDG	TBX	MRGR	UJB

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ProShares Inflation Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares Inflation 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 Inflation'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
RLY	0.45	0.10	(0.02)	1.04	0.29	(0.50)	1.09	(0.81)	2.71
HDG	0.24	0.04	(0.18)	0.27	0.00	(0.28)	0.59	(0.51)	1.70
TBX	0.45	0.04	(0.15)	(0.03)	0.79	(0.50)	0.78	(0.70)	7.99
MRGR	0.08	0.02	(1.01)	0.88	0.00	(0.10)	0.22	(0.14)	0.50
UJB	0.39	0.08	0.01	0.33	0.20	(0.47)	1.05	(0.67)	3.17

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