ProShares Correlations
| NOBL Etf | USD 108.47 0.34 0.31% |
The current 90-days correlation between ProShares SP 500 and iShares Core SP is 0.43 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares SP 500 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
ProShares Correlation With Market
Poor diversification
The correlation between ProShares SP 500 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 SP 500 and DJI in the same portfolio, assuming nothing else is changed.
ProShares |
Moving together with ProShares Etf
| 0.88 | VTV | Vanguard Value Index | PairCorr |
| 0.82 | VYM | Vanguard High Dividend | PairCorr |
| 0.82 | IWD | iShares Russell 1000 | PairCorr |
| 0.89 | DGRO | iShares Core Dividend | PairCorr |
| 0.85 | IVE | iShares SP 500 | PairCorr |
| 0.75 | DVY | iShares Select Dividend | PairCorr |
| 0.84 | SPYV | SPDR Portfolio SP | PairCorr |
| 0.84 | FVD | First Trust Value | PairCorr |
| 0.84 | IUSV | iShares Core SP | PairCorr |
| 0.85 | HD | Home Depot | PairCorr |
| 0.75 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.61 | WMT | Walmart Aggressive Push | PairCorr |
| 0.77 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.66 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.79 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.66 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
Moving against ProShares Etf
| 0.4 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.33 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Related Correlations Analysis
| -0.21 | -0.6 | 0.99 | -0.7 | IUSG | ||
| -0.21 | 0.56 | -0.27 | 0.51 | IXUS | ||
| -0.6 | 0.56 | -0.59 | 0.99 | USIG | ||
| 0.99 | -0.27 | -0.59 | -0.69 | ITOT | ||
| -0.7 | 0.51 | 0.99 | -0.69 | IUSB | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IUSG | 0.71 | 0.01 | 0.00 | 0.14 | 1.01 | 1.49 | 5.33 | |||
| IXUS | 0.64 | (0.09) | 0.00 | (0.08) | 0.00 | 1.35 | 4.12 | |||
| USIG | 0.25 | 0.00 | (0.39) | 0.25 | 0.32 | 0.49 | 1.59 | |||
| ITOT | 0.57 | 0.01 | 0.00 | 0.14 | 0.65 | 1.09 | 4.05 | |||
| IUSB | 0.22 | (0.01) | 0.00 | 0.34 | 0.00 | 0.40 | 1.34 |