ProShares Short Correlations

Etfs . USA . 
Etf . ProShares Short Russell2000
RWM Etf  USD 17.38  0.06  0.34%   
The current 90-days correlation between ProShares Short Russ and ProShares UltraPro MidCap400 is -0.15 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares Short moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares Short Russell2000 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ProShares Short Correlation With Market

Pay attention - limited upside

The correlation between ProShares Short Russell2000 and DJI is -0.88 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Short Russell2000 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 Short Russell2000. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with ProShares Etf

  0.91SH ProShares Short SP500PairCorr
  0.86PSQ ProShares Short QQQPairCorr
  0.9SPXU ProShares UltraPro ShortPairCorr
  0.91SDS ProShares UltraShortPairCorr
  0.9SPXS Direxion Daily SPPairCorr
  0.86QID ProShares UltraShort QQQPairCorr
  0.91SPDN Direxion Daily SPPairCorr
  0.86TAIL Cambria Tail RiskPairCorr
  0.95DOG ProShares Short Dow30 Potential GrowthPairCorr
  0.61BND Vanguard Total BondPairCorr
  0.72PFE Pfizer Inc Aggressive PushPairCorr
  0.73KO Coca Cola Aggressive PushPairCorr
  0.76JNJ Johnson Johnson Sell-off TrendPairCorr

Moving against ProShares Etf

  0.98VB Vanguard Small CapPairCorr
  0.94VTI Vanguard Total StockPairCorr
  0.94VO Vanguard Mid CapPairCorr
  0.91SPY SPDR SP 500 Aggressive PushPairCorr
  0.91IVV iShares Core SPPairCorr
  0.91VTV Vanguard Value IndexPairCorr
  0.9VUG Vanguard Growth IndexPairCorr
  0.94AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.86CSCO Cisco Systems Sell-off TrendPairCorr
  0.86CVX Chevron Corp Sell-off TrendPairCorr
  0.85JPM JPMorgan Chase Sell-off TrendPairCorr
  0.82AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.82DIS Walt Disney Sell-off TrendPairCorr
  0.69HPQ HP IncPairCorr
  0.67HD Home DepotPairCorr
  0.37GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr

Related Correlations Analysis

Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.

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