ProShares Correlations

OILK Etf

USD 45.19 0.50 1.12%

The current 90-days correlation between ProShares K 1 and United States 12 is 1.0 (i.e., No risk reduction). 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 K 1 Free moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ProShares Correlation With Market

Average diversification

The correlation between ProShares K 1 Free and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares K 1 Free and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProShares K 1 Free. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with ProShares Etf

0.99

USO

United States Oil

Pair Corr

Moving against ProShares Etf

0.5	WTMF	WisdomTree Managed	Pair Corr
0.43	HUM	Humana Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.32	ARKW	ARK Next Generation	Pair Corr
0.31	EWC	iShares MSCI Canada	Pair Corr
0.42	CSCO	Cisco Systems	Pair Corr
0.41	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.35	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.35	DIS	Walt Disney	Pair Corr
0.33	PG	Procter Gamble	Pair Corr
0.31	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	USL	USOI	DBO	UNL	BNO
USL		0.73	0.99	0.36	0.99	USL
USOI	0.73		0.77	0.61	0.68	USOI
DBO	0.99	0.77		0.4	0.99	DBO
UNL	0.36	0.61	0.4		0.34	UNL
BNO	0.99	0.68	0.99	0.34		BNO
	USL	USOI	DBO	UNL	BNO

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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
USL	1.20	0.08	0.04	0.33	1.53	(1.25)	2.81	(2.44)	8.72
USOI	0.96	0.09	0.06	0.46	1.23	(1.04)	2.28	(2.26)	5.46
DBO	1.40	0.11	0.05	0.36	1.75	(1.56)	3.30	(2.91)	9.52
UNL	1.72	0.02	0.00	(0.02)	2.40	(1.55)	2.68	(3.67)	10.25
BNO	1.33	0.09	0.04	0.37	1.73	(1.39)	3.21	(2.65)	9.26

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