ProShares Correlations

SPXE Etf

USD 63.90 0.78 1.24%

The current 90-days correlation between ProShares SP 500 and ProShares SP 500 is 0.98 (i.e., Almost no diversification). The correlation of ProShares 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 Correlation With Market

Average diversification

The correlation between ProShares SP 500 and DJI is 0.17 (i.e., Average 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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares SP 500. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with ProShares Etf

0.86	VTI	Vanguard Total Stock	Pair Corr
0.86	SPY	SPDR SP 500	Pair Corr
0.99	IVV	iShares Core SP	Pair Corr
0.65	VIG	Vanguard Dividend	Pair Corr
0.87	VV	Vanguard Large Cap	Pair Corr
0.99	IWB	iShares Russell 1000	Pair Corr
0.87	ESGU	iShares ESG Aware	Pair Corr
0.87	DFAC	Dimensional Core Equity	Pair Corr
0.99	SPLG	SPDR Portfolio SP	Pair Corr
0.77	BITX	Volatility Shares Trust Low Volatility	Pair Corr
0.63	VCAR	Simplify Volt RoboCar Symbol Change	Pair Corr
0.74	FNGU	MicroSectors FANG Index	Pair Corr
0.62	MSFT	Microsoft	Pair Corr
0.82	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.81	WMT	Walmart	Pair Corr
0.76	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.69	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.66	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.75	DIS	Walt Disney	Pair Corr

Moving against ProShares Etf

0.7	PFE	Pfizer Inc Sell-off Trend	Pair Corr
0.52	KO	Coca Cola Sell-off Trend	Pair Corr
0.42	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.4	MRK	Merck Company Sell-off Trend	Pair Corr
0.34	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	SPXN	SPXV	SPXT	UJB	SPMO
SPXN		0.98	0.91	0.67	0.98	SPXN
SPXV	0.98		0.93	0.63	0.96	SPXV
SPXT	0.91	0.93		0.79	0.9	SPXT
UJB	0.67	0.63	0.79		0.65	UJB
SPMO	0.98	0.96	0.9	0.65		SPMO
	SPXN	SPXV	SPXT	UJB	SPMO

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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
SPXN	0.59	0.06	0.05	0.38	0.80	(0.57)	1.13	(1.25)	4.72
SPXV	0.58	0.07	0.06	0.53	0.81	(0.59)	1.06	(1.19)	5.75
SPXT	0.51	0.04	0.04	0.29	0.66	(0.52)	1.01	(0.92)	5.35
UJB	0.38	0.00	(0.02)	0.03	0.50	(0.43)	0.75	(0.69)	2.86
SPMO	0.75	0.10	0.08	0.35	0.92	(0.75)	1.22	(1.63)	6.46

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