ProShares Correlations

SPXV Etf

USD 68.60 0.62 0.91%

The current 90-days correlation between ProShares SP 500 and FT Vest Equity is -0.08 (i.e., Good diversification). 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. If the correlation is 0, the equities are not correlated; they are entirely random.

ProShares Correlation With Market

Good diversification

The correlation between ProShares SP 500 and DJI is -0.06 (i.e., Good 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

0.96	VTI	Vanguard Total Stock	Pair Corr
0.95	SPY	SPDR SP 500	Pair Corr
0.96	IVV	iShares Core SP	Pair Corr
0.95	VIG	Vanguard Dividend	Pair Corr
0.96	VV	Vanguard Large Cap	Pair Corr
0.94	RSP	Invesco SP 500	Pair Corr
0.96	IWB	iShares Russell 1000	Pair Corr
0.96	ESGU	iShares ESG Aware	Pair Corr
0.96	DFAC	Dimensional Core Equity	Pair Corr
1.0	SPLG	SPDR Portfolio SP	Pair Corr
0.78	LENS	Sarmaya Thematic ETF	Pair Corr
0.94	MAPP	Harbor ETF Trust	Pair Corr
0.82	JUNE	Junee Limited Ordinary Symbol Change	Pair Corr
0.88	SNPD	DBX ETF Trust Low Volatility	Pair Corr
0.93	EVUS	iShares ESG Aware	Pair Corr
0.83	XOP	SPDR SP Oil	Pair Corr
0.61	SITC	Site Centers Corp	Pair Corr
0.92	MFSV	MFS Active Value	Pair Corr
0.96	CAT	Caterpillar	Pair Corr
0.66	HD	Home Depot	Pair Corr
0.9	MMM	3M Company	Pair Corr
0.83	AA	Alcoa Corp	Pair Corr
0.93	IBM	International Business	Pair Corr
0.97	CSCO	Cisco Systems	Pair Corr
0.78	DD	Dupont De Nemours	Pair Corr
0.93	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.91	BA	Boeing	Pair Corr
0.73	T	ATT Inc	Pair Corr
0.94	GE	GE Aerospace	Pair Corr
0.71	WMT	Walmart Aggressive Push	Pair Corr
0.95	BAC	Bank of America Aggressive Push	Pair Corr
0.68	TRV	The Travelers Companies	Pair Corr

Moving against ProShares Etf

0.73

WNTR

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Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DIHP	MCDS	DINT	DISV	DIVN	DJAN	MDLV
DHDG		0.96	0.98	0.96	0.97	0.98	-0.13	0.92	0.7	DHDG
MBCC	0.96		0.95	0.99	0.98	0.96	-0.14	0.96	0.8	MBCC
DIHP	0.98	0.95		0.94	0.97	0.99	-0.13	0.91	0.74	DIHP
MCDS	0.96	0.99	0.94		0.98	0.94	-0.11	0.94	0.78	MCDS
DINT	0.97	0.98	0.97	0.98		0.96	-0.16	0.96	0.8	DINT
DISV	0.98	0.96	0.99	0.94	0.96		-0.16	0.93	0.75	DISV
DIVN	-0.13	-0.14	-0.13	-0.11	-0.16	-0.16		-0.15	-0.07	DIVN
DJAN	0.92	0.96	0.91	0.94	0.96	0.93	-0.15		0.87	DJAN
MDLV	0.7	0.8	0.74	0.78	0.8	0.75	-0.07	0.87		MDLV
	DHDG	MBCC	DIHP	MCDS	DINT	DISV	DIVN	DJAN	MDLV

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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

MCDS	+ 0.99	MBCC
DISV	+ 0.99	DIHP
DIHP	+ 0.98	DHDG
DISV	+ 0.98	DHDG
DINT	+ 0.98	MBCC
DINT	+ 0.98	MCDS

High negative correlations

DIVN	- 0.16	DISV
DIVN	- 0.16	DINT
DJAN	- 0.15	DIVN
DIVN	- 0.14	MBCC
DIVN	- 0.13	DIHP
DIVN	- 0.13	DHDG

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DHDG	0.33	0.04	(0.02)	0.19	0.46	(0.31)	1.03	(0.96)	5.20
MBCC	1.03	0.05	0.03	0.14	1.75	(1.02)	2.25	(2.07)	11.66
DIHP	0.80	0.07	0.03	0.19	1.22	(0.81)	1.60	(1.52)	8.25
MCDS	1.10	0.03	0.02	0.11	1.73	(1.11)	2.04	(2.35)	11.72
DINT	1.09	0.07	0.03	0.17	1.65	(1.04)	2.64	(2.16)	8.82
DISV	0.80	0.14	0.06	0.28	1.45	(0.89)	1.72	(1.27)	7.92
DIVN	0.51	0.30	0.00	11.53	0.00	0.00	1.67	(0.74)	1.67
DJAN	0.51	0.09	0.01	6.17	0.72	(0.52)	1.06	(1.18)	5.11
MDLV	0.72	0.02	(0.05)	(0.46)	1.36	(0.64)	1.53	(1.58)	6.20

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