ProShares High Correlations

Etfs . USA . 
Etf . ProShares High YieldInterest
HYHG Etf  USD 65.69  0.10  0.15%   
The current 90-days correlation between ProShares High Yield and ProShares Investment GradeInterest is 0.22 (i.e., Modest diversification). The correlation of ProShares High 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 High Correlation With Market

Good diversification

The correlation between ProShares High YieldInterest and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares High YieldInterest and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ProShares High YieldInterest. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with ProShares Etf

  0.92RISR FolioBeyond Rising RatesPairCorr
  0.72RINF ProShares InflationPairCorr
  0.68VPC Virtus Private CreditPairCorr
  0.69MLPR ETRACS Quarterly PayPairCorr
  0.79SGG Barclays CapitalPairCorr
  0.75AMZA InfraCap MLP ETFPairCorr
  0.93GBTC Grayscale Bitcoin TrustPairCorr
  0.88ATMP Barclays ETN SelectPairCorr
  0.83CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.94BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.95CSCO Cisco SystemsPairCorr
  0.7AA Alcoa Corp Sell-off TrendPairCorr
  0.63HD Home DepotPairCorr
  0.85DIS Walt DisneyPairCorr
  0.95JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.7TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr

Moving against ProShares Etf

  0.75NRGU Bank Of MontrealPairCorr
  0.72SSFI Strategy SharesPairCorr
  0.54DFHY TrimTabs Donoghue Symbol ChangePairCorr
  0.49UCON First Trust TCWPairCorr
  0.93KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.9MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.9PFE Pfizer Inc Buyout TrendPairCorr
  0.6DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr
  0.49MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

ProShares High Constituents Risk-Adjusted Indicators

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY