ProShares Supply Correlations

SUPL Etf

USD 40.93 0.07 0.17%

The current 90-days correlation between ProShares Supply Chain and SonicShares Global Shipping is 0.4 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares Supply moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares Supply Chain moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ProShares Supply Correlation With Market

Very weak diversification

The correlation between ProShares Supply Chain and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Supply Chain 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 Supply Chain. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with ProShares Etf

0.61	XLI	Industrial Select Sector	Pair Corr
0.61	DRVN	Driven Brands Holdings	Pair Corr
0.63	VIS	Vanguard Industrials	Pair Corr
0.63	FXR	First Trust Industri	Pair Corr
0.61	IYJ	iShares Industrials ETF	Pair Corr
0.63	IYT	iShares Transportation	Pair Corr
0.64	FIDU	Fidelity MSCI Industrials	Pair Corr

Moving against ProShares Etf

0.41

JNJ

Johnson Johnson Fiscal Year End 28th of January 2025

Pair Corr

Related Correlations Analysis

	BOAT	TINT	VERS	MAKX	SEA
BOAT		0.83	-0.72	-0.72	0.91	BOAT
TINT	0.83		-0.49	-0.77	0.9	TINT
VERS	-0.72	-0.49		0.76	-0.66	VERS
MAKX	-0.72	-0.77	0.76		-0.81	MAKX
SEA	0.91	0.9	-0.66	-0.81		SEA
	BOAT	TINT	VERS	MAKX	SEA

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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

SEA	+ 0.91	BOAT
SEA	+ 0.9	TINT
TINT	+ 0.83	BOAT
MAKX	+ 0.76	VERS

High negative correlations

SEA	- 0.81	MAKX
MAKX	- 0.77	TINT
MAKX	- 0.72	BOAT
VERS	- 0.72	BOAT
SEA	- 0.66	VERS
VERS	- 0.49	TINT

ProShares Supply Constituents Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BOAT	1.14	(0.06)	0.00	0.58	0.00	0.00	2.35	(2.44)	7.16
TINT	0.73	(0.13)	0.00	(0.08)	0.00	0.00	1.25	(1.39)	6.19
VERS	0.94	0.16	0.13	0.26	0.86	(1.07)	1.89	(1.75)	4.98
MAKX	1.06	0.29	0.17	12.34	0.90	(1.20)	2.22	(1.85)	6.88
SEA	0.89	(0.13)	0.00	(1.63)	0.00	0.00	1.81	(1.80)	5.50

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