ProShares Ultra Correlations

USD Etf

USD 60.77 1.84 2.94%

The correlation of ProShares Ultra 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 Ultra Correlation With Market

Very weak diversification

The correlation between ProShares Ultra Semiconductors and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Ultra Semiconductors 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 Ultra Semiconductors. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with ProShares Etf

0.86	SSO	ProShares Ultra SP500	Pair Corr
0.86	SPXL	Direxion Daily SP500	Pair Corr
0.9	QLD	ProShares Ultra QQQ	Pair Corr
0.86	UPRO	ProShares UltraPro SP500	Pair Corr
0.95	TECL	Direxion Daily Technology	Pair Corr
0.85	FNGU	MicroSectors FANG Index	Pair Corr
0.63	UYG	ProShares Ultra Fina	Pair Corr
0.65	ARKW	ARK Next Generation	Pair Corr
0.72	EWC	iShares MSCI Canada	Pair Corr
0.92	BST	BlackRock Science Tech	Pair Corr
0.82	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.71	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.69	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.67	HD	Home Depot Sell-off Trend	Pair Corr
0.83	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.8	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.68	CVX	Chevron Corp Sell-off Trend	Pair Corr

Moving against ProShares Etf

0.68	HUM	Humana Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.63	NRGU	Bank Of Montreal	Pair Corr
0.63	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.53	IRET	Tidal Trust II	Pair Corr
0.72	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.64	KO	Coca Cola Sell-off Trend	Pair Corr
0.63	PG	Procter Gamble	Pair Corr
0.47	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.38	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	AAVXF	MSTSX	ID	KNF	LICY	CIRAX	SEIC	GSHD	DODWX
AAVXF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AAVXF
MSTSX	0.0		0.46	0.67	0.65	0.82	0.42	0.33	0.87	MSTSX
ID	0.0	0.46		0.83	0.47	0.11	0.81	0.83	0.08	ID
KNF	0.0	0.67	0.83		0.73	0.33	0.86	0.83	0.32	KNF
LICY	0.0	0.65	0.47	0.73		0.4	0.65	0.54	0.49	LICY
CIRAX	0.0	0.82	0.11	0.33	0.4		-0.05	-0.13	0.9	CIRAX
SEIC	0.0	0.42	0.81	0.86	0.65	-0.05		0.98	0.04	SEIC
GSHD	0.0	0.33	0.83	0.83	0.54	-0.13	0.98		-0.08	GSHD
DODWX	0.0	0.87	0.08	0.32	0.49	0.9	0.04	-0.08		DODWX
	AAVXF	MSTSX	ID	KNF	LICY	CIRAX	SEIC	GSHD	DODWX

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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

GSHD	+ 0.98	SEIC
DODWX	+ 0.9	CIRAX
DODWX	+ 0.87	MSTSX
SEIC	+ 0.86	KNF
KNF	+ 0.83	ID
GSHD	+ 0.83	ID

High negative correlations

GSHD	- 0.13	CIRAX
DODWX	- 0.08	GSHD
SEIC	- 0.05	CIRAX
DODWX	- 0.0	AAVXF
GSHD	- 0.0	AAVXF
SEIC	- 0.0	AAVXF

ProShares Ultra Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares Ultra 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 Ultra'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
AAVXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.49	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
ID	3.77	0.53	0.10	0.68	4.01	(5.10)	7.69	(6.67)	20.54
KNF	1.55	0.21	0.13	0.23	1.90	(1.62)	2.77	(2.46)	12.78
LICY	6.73	0.67	0.09	0.90	6.69	(8.44)	14.15	(10.47)	55.51
CIRAX	0.34	(0.05)	(0.26)	0.00	0.43	(0.34)	0.66	(0.82)	1.81
SEIC	0.81	0.21	0.19	0.37	0.57	(0.95)	1.57	(1.56)	7.23
GSHD	1.67	0.61	0.41	1.00	0.83	(2.15)	5.06	(2.22)	14.35
DODWX	0.52	(0.09)	0.00	(0.02)	0.00	0.00	1.08	(1.09)	3.17

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