ProShares VIX Correlations

Etfs . USA . 
Etf . ProShares VIX Short Term
VIXY Etf  USD 49.83  1.34  2.76%   
The current 90-days correlation between ProShares VIX Short and ProShares VIX Mid Term is 0.96 (i.e., Almost no diversification). The correlation of ProShares VIX 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. If the correlation is 0, the equities are not correlated; they are entirely random.

ProShares VIX Correlation With Market

Excellent diversification

The correlation between ProShares VIX Short Term and DJI is -0.54 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares VIX Short Term 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 VIX Short Term. 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

  1.0VXX iPath Series BPairCorr
  0.92VIXM ProShares VIX MidPairCorr
  0.92VXZ iPath Series BPairCorr
  0.84TWM ProShares UltraShortPairCorr

Moving against ProShares Etf

  0.92VTI Vanguard Total StockPairCorr
  0.92SPY SPDR SP 500PairCorr
  0.92IVV iShares Core SPPairCorr
  0.89VO Vanguard Mid CapPairCorr
  0.87VUG Vanguard Growth IndexPairCorr
  0.75CEFD ETRACS Monthly PayPairCorr
  0.61VTV Vanguard Value IndexPairCorr
  0.56EUO ProShares UltraShort EuroPairCorr
  0.49UUP Invesco DB DollarPairCorr
  0.32YCS ProShares UltraShort YenPairCorr
  0.87VB Vanguard Small CapPairCorr
  0.32GSG iShares SP GSCIPairCorr
  0.35PUI Invesco DWA UtilitiesPairCorr
  0.34COMT iShares GSCI CommodityPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
VXZ
+ 1.0
VIXM
VXX
+ 0.99
UVXY
VXX
+ 0.93
VIXM
VXZ
+ 0.93
VXX
UVXY
+ 0.89
VIXM
VXZ
+ 0.89
UVXY
  
High negative correlations   
VXX
- 0.97
SVXY
VXZ
- 0.94
SVXY
SVXY
- 0.94
VIXM
UVXY
- 0.93
SVXY

ProShares VIX Constituents Risk-Adjusted Indicators

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY