ProShares Ownership
SPXN Etf | USD 64.12 0.46 0.72% |
ProShares |
ProShares Etf Ownership Analysis
ProShares is is formed as Regulated Investment Company in the United States. ETF is managed and operated by J.P. Morgan Investor Services Co.. The fund has 421 constituents with avarage daily trading value of 1.6 K. The fund charges 0.13 percent management fee with a total expences of 0.13 percent of total asset. The fund created five year return of 15.0%. ProShares SP 500 maintains 99.67% of assets in stocks. This fund last dividend was 0.187 per share. Under normal circumstances, the fund will invest at least 80 percent of its total assets in component securities of the index. SP 500 is traded on NYSEARCA Exchange in the United States. To find out more about ProShares SP 500 contact the company at NA.Sector Exposure (%)
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on ProShares Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding ProShares , and the less return is expected.
Investment Allocations (%)
Top Etf Constituents
PFE | Pfizer Inc | Stock | |
AMZN | Amazon Inc | Stock | |
V | Visa Class A | Stock | |
UNH | UnitedHealth Group Incorporated | Stock | |
TSLA | Tesla Inc | Stock | |
PG | Procter Gamble | Stock | |
NVDA | NVIDIA | Stock | |
MSFT | Microsoft | Stock | |
MA | Mastercard | Stock | |
JNJ | Johnson Johnson | Stock | |
GOOGL | Alphabet Inc Class A | Stock | |
GOOG | Alphabet Inc Class C | Stock | |
CVX | Chevron Corp | Stock | |
AAPL | Apple Inc | Stock | |
INTC | Intel | Stock | |
T | ATT Inc | Stock | |
GE | GE Aerospace | Stock | |
XOM | Exxon Mobil Corp | Stock | |
HD | Home Depot | Stock |
ProShares Outstanding Bonds
ProShares issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. ProShares SP 500 uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most ProShares bonds can be classified according to their maturity, which is the date when ProShares SP 500 has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
HSBC Holdings PLC Corp BondUS404280DR76 | View | |
US74348YAV39 Corp BondUS74348YAV39 | View | |
International Game Technology Corp BondUS460599AD57 | View | |
PROSPECT CAP P Corp BondUS74348YDU29 | View | |
US74348YDX67 Corp BondUS74348YDX67 | View | |
PROSPECT CAP P Corp BondUS74348YEA55 | View | |
US74348TAU60 Corp BondUS74348TAU60 | View | |
US74348TAT97 Corp BondUS74348TAT97 | View |
Pair Trading with ProShares
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ProShares position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ProShares will appreciate offsetting losses from the drop in the long position's value.Moving together with ProShares Etf
0.72 | VTI | Vanguard Total Stock | PairCorr |
0.72 | SPY | SPDR SP 500 | PairCorr |
0.72 | IVV | iShares Core SP | PairCorr |
0.88 | VV | Vanguard Large Cap | PairCorr |
Moving against ProShares Etf
The ability to find closely correlated positions to ProShares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ProShares when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ProShares - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ProShares SP 500 to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares SP 500 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ProShares can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
The market value of ProShares SP 500 is measured differently than its book value, which is the value of ProShares that is recorded on the company's balance sheet. Investors also form their own opinion of ProShares' value that differs from its market value or its book value, called intrinsic value, which is ProShares' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ProShares' market value can be influenced by many factors that don't directly affect ProShares' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ProShares' value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.