ProShares VIX Correlations

VIXM Etf

USD 15.20 0.07 0.46%

The current 90-days correlation between ProShares VIX Mid and ProShares Ultra Yen is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares VIX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares VIX Mid Term moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ProShares VIX Correlation With Market

Excellent diversification

The correlation between ProShares VIX Mid Term and DJI is -0.63 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares VIX Mid Term 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 VIX Mid Term. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in discontinued.

Moving together with ProShares Etf

0.93	VXX	iPath Series B	Pair Corr
0.93	VIXY	ProShares VIX Short	Pair Corr
0.75	EUO	ProShares UltraShort Euro	Pair Corr
1.0	VXZ	iPath Series B	Pair Corr

Moving against ProShares Etf

0.8	UDN	Invesco DB Dollar	Pair Corr
0.77	JNUG	Direxion Daily Junior	Pair Corr
0.77	AGQ	ProShares Ultra Silver	Pair Corr
0.72	NUGT	Direxion Daily Gold	Pair Corr
0.71	GDXU	MicroSectors Gold Miners	Pair Corr
0.68	GDMN	WisdomTree Efficient Gold	Pair Corr
0.65	CEFD	ETRACS Monthly Pay	Pair Corr
0.56	SHNY	Microsectors Gold	Pair Corr
0.54	MUU	Direxion Daily MU Upward Rally	Pair Corr
0.53	MULL	GraniteShares 2x Long Upward Rally	Pair Corr
0.33	PTIR	GraniteShares 2x Long	Pair Corr
0.84	DDFO	Innovator Equity Dual	Pair Corr
0.8	AA	Alcoa Corp	Pair Corr
0.65	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.64	BAC	Bank of America	Pair Corr
0.62	BA	Boeing	Pair Corr
0.55	DIS	Walt Disney	Pair Corr
0.53	MRK	Merck Company	Pair Corr
0.49	MCD	McDonalds	Pair Corr
0.49	AXP	American Express	Pair Corr
0.34	DD	Dupont De Nemours	Pair Corr
0.33	TRV	The Travelers Companies	Pair Corr
0.31	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	YCL	YOLO	CRCG	RSMV	QSIG	UFIV	TLCI	CORN	FCUS	NXTE
YCL		0.27	0.8	-0.45	-0.44	-0.32	0.38	-0.49	0.19	0.59	YCL
YOLO	0.27		0.38	-0.03	-0.05	-0.06	0.61	-0.48	0.1	0.34	YOLO
CRCG	0.8	0.38		-0.48	-0.51	-0.51	0.59	-0.56	0.21	0.68	CRCG
RSMV	-0.45	-0.03	-0.48		0.83	0.27	0.02	0.53	0.37	-0.01	RSMV
QSIG	-0.44	-0.05	-0.51	0.83		0.59	-0.09	0.27	-0.02	-0.29	QSIG
UFIV	-0.32	-0.06	-0.51	0.27	0.59		-0.19	-0.04	-0.37	-0.44	UFIV
TLCI	0.38	0.61	0.59	0.02	-0.09	-0.19		-0.3	0.33	0.72	TLCI
CORN	-0.49	-0.48	-0.56	0.53	0.27	-0.04	-0.3		0.29	-0.15	CORN
FCUS	0.19	0.1	0.21	0.37	-0.02	-0.37	0.33	0.29		0.74	FCUS
NXTE	0.59	0.34	0.68	-0.01	-0.29	-0.44	0.72	-0.15	0.74		NXTE
	YCL	YOLO	CRCG	RSMV	QSIG	UFIV	TLCI	CORN	FCUS	NXTE

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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

QSIG	+ 0.83	RSMV
CRCG	+ 0.8	YCL
NXTE	+ 0.74	FCUS
NXTE	+ 0.72	TLCI
NXTE	+ 0.68	CRCG
TLCI	+ 0.61	YOLO

High negative correlations

CORN	- 0.56	CRCG
UFIV	- 0.51	CRCG
QSIG	- 0.51	CRCG
CORN	- 0.49	YCL
RSMV	- 0.48	CRCG
CORN	- 0.48	YOLO

ProShares VIX Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares VIX 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 VIX'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
YCL	0.71	(0.16)	0.00	2.13	0.00	0.00	1.40	(1.77)	4.40
YOLO	3.71	0.04	0.01	0.10	4.63	(3.81)	4.98	(7.44)	47.55
CRCG	7.79	(1.59)	0.00	1.58	0.00	0.00	18.38	(19.40)	43.32
RSMV	0.51	0.01	0.00	0.07	0.56	(0.59)	1.01	(1.06)	2.98
QSIG	0.08	0.01	(0.54)	0.32	0.00	(0.11)	0.17	(0.10)	0.43
UFIV	0.13	0.01	(0.31)	(0.21)	0.09	(0.15)	0.29	(0.22)	0.88
TLCI	0.47	(0.05)	0.00	(0.02)	0.00	0.00	0.93	(0.99)	2.75
CORN	0.59	(0.01)	(0.07)	(0.03)	0.77	(0.59)	1.01	(1.33)	3.44
FCUS	1.91	0.01	0.03	0.06	2.67	(1.89)	4.43	(4.43)	12.29
NXTE	1.25	(0.02)	0.00	0.04	1.54	(1.36)	2.91	(2.84)	6.99

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