ProShares Inflation Correlations

Etfs . USA . 
Etf . ProShares Inflation Expectations
RINF Etf  USD 32.58  0.29  0.88%   
The current 90-days correlation between ProShares Inflation and First Trust TCW is -0.52 (i.e., Excellent diversification). The correlation of ProShares Inflation 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 Inflation Correlation With Market

Average diversification

The correlation between ProShares Inflation Expectatio and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Inflation Expectatio 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 Inflation Expectations. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with ProShares Etf

  0.68AMAX Starboard InvestmentPairCorr
  0.7VTI Vanguard Total StockPairCorr
  0.68SPY SPDR SP 500PairCorr
  0.68IVV iShares Core SPPairCorr
  0.7VUG Vanguard Growth IndexPairCorr
  0.69VO Vanguard Mid CapPairCorr
  0.76VB Vanguard Small CapPairCorr
  0.74AXP American ExpressPairCorr
  0.77BAC Bank of AmericaPairCorr
  0.63CAT CaterpillarPairCorr
  0.68HD Home DepotPairCorr

Moving against ProShares Etf

  0.69BND Vanguard Total BondPairCorr
  0.68SSFI Strategy SharesPairCorr
  0.66UCON First Trust TCWPairCorr
  0.61OBND SSGA Active TrustPairCorr
  0.56PG Procter Gamble Sell-off TrendPairCorr
  0.44VEA Vanguard FTSE DevelopedPairCorr
  0.7VZ Verizon Communications Sell-off TrendPairCorr
  0.64TRV The Travelers Companies Sell-off TrendPairCorr
  0.63JNJ Johnson JohnsonPairCorr
  0.62KO Coca Cola Aggressive PushPairCorr
  0.52MCD McDonaldsPairCorr

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   
OBND
+ 0.96
UCON
SSFI
+ 0.94
UCON
SSFI
+ 0.94
OBND
GLDB
+ 0.86
OBND
GLDB
+ 0.81
UCON
GLDB
+ 0.78
SSFI
  
High negative correlations   
SSFI
- 0.68
RINF
RINF
- 0.66
UCON
OBND
- 0.61
RINF
AMAX
- 0.55
UCON
SSFI
- 0.49
AMAX
OBND
- 0.4
AMAX

ProShares Inflation Constituents Risk-Adjusted Indicators

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

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