ProShares MSCI Correlations

Etfs . USA . 
Etf . ProShares MSCI EAFE
EFAD Etf  USD 39.10  0.03  0.08%   
The current 90-days correlation between ProShares MSCI EAFE and iShares Core SP is 0.53 (i.e., Very weak diversification). The correlation of ProShares MSCI 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 MSCI Correlation With Market

Very weak diversification

The correlation between ProShares MSCI EAFE and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares MSCI EAFE and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ProShares MSCI EAFE. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with ProShares Etf

  0.94VEA Vanguard FTSE DevelopedPairCorr
  0.96IEFA iShares Core MSCI Low VolatilityPairCorr
  0.76VEU Vanguard FTSE AllPairCorr
  0.96EFA iShares MSCI EAFE Aggressive PushPairCorr
  0.76IXUS iShares Core MSCIPairCorr
  0.93SPDW SPDR SP WorldPairCorr
  0.93IDEV iShares Core MSCIPairCorr
  0.96ESGD iShares ESG AwarePairCorr
  0.97JIRE JP Morgan ExchangePairCorr
  0.75DFAX Dimensional WorldPairCorr
  0.76IRET Tidal Trust IIPairCorr
  0.79JNJ Johnson Johnson Sell-off TrendPairCorr
  0.94MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.86PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr

Moving against ProShares Etf

  0.84ARKW ARK Next GenerationPairCorr
  0.69WTMF WisdomTree ManagedPairCorr
  0.69BST BlackRock Science TechPairCorr
  0.66IAUF ISharesPairCorr
  0.56EWC iShares MSCI CanadaPairCorr
  0.31OIH VanEck Oil ServicesPairCorr
  0.88JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.83CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.82CSCO Cisco Systems Aggressive PushPairCorr
  0.79DIS Walt Disney Aggressive PushPairCorr
  0.79TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.78WMT Walmart Aggressive PushPairCorr
  0.74T ATT Inc Fiscal Year End 22nd of January 2025 PairCorr
  0.72AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.72AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.44CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.43XOM Exxon Mobil Corp Sell-off TrendPairCorr

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   
IJH
+ 0.97
ITOT
IEFA
+ 0.69
ISTB
IEMG
+ 0.51
IEFA
IEMG
+ 0.16
ITOT
IEMG
+ 0.16
ISTB
IJH
+ 0.08
IEMG
  
High negative correlations   
IEFA
- 0.6
ITOT
IJH
- 0.58
IEFA
ISTB
- 0.48
ITOT
IJH
- 0.45
ISTB

ProShares MSCI Constituents Risk-Adjusted Indicators

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