ProShares Equities Correlations

EQRR Etf  USD 62.28  0.39  0.62%   
The current 90-days correlation between ProShares Equities for and First Trust Developed is 0.21 (i.e., Modest diversification). The correlation of ProShares Equities 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 Equities Correlation With Market

Poor diversification

The correlation between ProShares Equities for and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Equities for 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 Equities for. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with ProShares Etf

  0.92VOE Vanguard Mid CapPairCorr
  0.62SDY SPDR SP DividendPairCorr
  0.94IWS iShares Russell MidPairCorr
  0.83SPYD SPDR Portfolio SPPairCorr
  0.96COWZ Pacer Cash CowsPairCorr
  0.95IJJ iShares SP MidPairCorr
  0.96DON WisdomTree MidCapPairCorr
  0.96RPV Invesco SP 500PairCorr
  0.9PEY Invesco High YieldPairCorr
  0.97PKW Invesco BuyBack AchieversPairCorr
  0.93XOP SPDR SP OilPairCorr
  0.62FIG Simplify Macro StrategyPairCorr
  0.91IYC iShares Consumer DisPairCorr
  0.91VTI Vanguard Total StockPairCorr
  0.94VBK Vanguard Small CapPairCorr
  0.75HPQ HP IncPairCorr
  0.74HD Home DepotPairCorr
  0.87CSCO Cisco Systems Aggressive PushPairCorr
  0.84WMT Walmart Aggressive PushPairCorr
  0.92BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.74CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.95CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.68T ATT Inc Fiscal Year End 22nd of January 2025 PairCorr
  0.71XOM Exxon Mobil Corp Sell-off TrendPairCorr
  0.9JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.72TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr

Moving against ProShares Etf

  0.72AIVI WisdomTree InternationalPairCorr
  0.67WTRE WisdomTree New EconomyPairCorr
  0.4VPL Vanguard FTSE PacificPairCorr
  0.81JNJ Johnson Johnson Sell-off TrendPairCorr
  0.76KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr

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   
FNKCSF
FTAGFDTS
FNKPSET
CSFPSET
PSETFTAG
  
High negative correlations   
CSFFDTS
CSFFTAG
FNKFDTS
PSETFDTS
FNKFTAG

ProShares Equities Constituents Risk-Adjusted Indicators

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