ProShares Correlations

REGL Etf

USD 79.96 0.48 0.60%

The current 90-days correlation between ProShares SP MidCap and ProShares Russell 2000 is 0.92 (i.e., Almost no 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 MidCap moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ProShares Correlation With Market

Significant diversification

The correlation between ProShares SP MidCap and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares SP MidCap 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 SP MidCap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with ProShares Etf

0.75	IJJ	iShares SP Mid	Pair Corr
0.63	DFAT	Dimensional Targeted	Pair Corr
0.66	DES	WisdomTree SmallCap	Pair Corr
0.63	MDYV	SPDR SP 400	Pair Corr
0.77	VTV	Vanguard Value Index	Pair Corr
0.69	VO	Vanguard Mid Cap	Pair Corr

Moving against ProShares Etf

0.39

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	SMDV	EFAD	EMDV	EUDV	NOBL
SMDV		0.14	0.1	0.17	0.58	SMDV
EFAD	0.14		0.62	0.99	0.7	EFAD
EMDV	0.1	0.62		0.58	0.28	EMDV
EUDV	0.17	0.99	0.58		0.72	EUDV
NOBL	0.58	0.7	0.28	0.72		NOBL
	SMDV	EFAD	EMDV	EUDV	NOBL

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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
SMDV	0.80	(0.05)	0.00	(1.39)	0.00	0.00	1.44	(1.42)	3.65
EFAD	0.56	0.09	0.22	68.61	0.57	(0.62)	1.24	(1.15)	3.42
EMDV	0.57	(0.01)	0.10	(0.01)	0.67	(0.61)	0.89	(1.07)	3.24
EUDV	0.64	0.12	0.22	1.13	0.65	(0.71)	1.38	(1.27)	4.19
NOBL	0.67	0.01	0.08	0.08	0.85	(0.67)	1.22	(1.46)	3.85

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