ProShares UltraShort Competition

GLL Etf

USD 19.29 1.16 6.40%

ProShares UltraShort Gold competes with Direxion Shares, Direxion Daily, Direxion Daily, Direxion Daily, and ProShares Trust and other related companies. This peer view supports relative benchmarking. Key indicators for ProShares UltraShort are compared across peers for reference.

Correlation: ProShares UltraShort vs Allianzim Large Details

Pay attention - limited upside

The correlation between GLL and MARW is -0.83, which Macroaxis classifies as Pay attention - limited upside for the selected horizon. Used correctly, the chart helps investors judge whether adding the second position genuinely diversifies the first.

Moving together with ProShares Etf

0.81	SCO	ProShares UltraShort	Pair Corr
0.92	ZSL	ProShares UltraShort Trending	Pair Corr
0.97	GDXD	MicroSectors Gold Miners Trending	Pair Corr
0.83	WTID	UBS ETRACS	Pair Corr

Moving against ProShares Etf

0.96	ARP	Advisors Inner Circle	Pair Corr
0.88	DIVG	Invesco Exchange Traded	Pair Corr
0.87	MAPP	Harbor ETF Trust	Pair Corr
0.86	EMIF	iShares Emerging Markets	Pair Corr
0.86	FCAL	First Trust California	Pair Corr

Specify up to 10 symbols:

The mean reversion effect in ProShares UltraShort is stronger when the initial deviation was driven by sentiment rather than fundamental change. Identifying the root cause of ProShares UltraShort's price dislocation is essential before acting.

Hype

Prediction

Low	Estimated	High
13.59	18.39	23.19

Details

Intrinsic

Valuation

Low	Real	High
12.53	17.33	22.13

Details

Naive

Forecast

Low	Next	High
13.95	18.75	23.56

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
15.99	17.51	19.04

Details

Competitive positioning is a critical dimension of ProShares UltraShort analysis. Understanding where ProShares UltraShort Gold stands relative to its peers on returns, growth, and valuation helps investors assess whether its advantage is sustainable.

ProShares UltraShort Competition Correlation Matrix

Competition correlation for ProShares UltraShort Gold matters because related securities often respond to the same industry, factor, or macro drivers even when their business stories differ. Used correctly, correlation analysis helps separate broad industry exposure from company-specific behavior before additional capital is allocated across the peer group.

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.05	-0.03	0.19	0.04	0.07	0.02	0.24	-0.08	-0.03	META
MSFT	0.05		0.85	0.11	-0.93	0.83	0.97	0.62	-0.91	-0.95	MSFT
UBER	-0.03	0.85		0.14	-0.9	0.83	0.84	0.52	-0.77	-0.82	UBER
F	0.19	0.11	0.14		-0.18	0.52	0.07	0.5	0.06	-0.21	F
T	0.04	-0.93	-0.9	-0.18		-0.85	-0.87	-0.53	0.85	0.88	T
A	0.07	0.83	0.83	0.52	-0.85		0.8	0.78	-0.68	-0.86	A
CRM	0.02	0.97	0.84	0.07	-0.87	0.8		0.66	-0.89	-0.96	CRM
JPM	0.24	0.62	0.52	0.5	-0.53	0.78	0.66		-0.43	-0.7	JPM
MRK	-0.08	-0.91	-0.77	0.06	0.85	-0.68	-0.89	-0.43		0.89	MRK
XOM	-0.03	-0.95	-0.82	-0.21	0.88	-0.86	-0.96	-0.7	0.89		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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High positive correlations

CRM	+ 0.97	MSFT
XOM	+ 0.89	MRK
XOM	+ 0.88	T
UBER	+ 0.85	MSFT
MRK	+ 0.85	T
CRM	+ 0.84	UBER

High negative correlations

XOM	- 0.96	CRM
XOM	- 0.95	MSFT
T	- 0.93	MSFT
MRK	- 0.91	MSFT
T	- 0.9	UBER
MRK	- 0.89	CRM

ProShares UltraShort Competition Risk-Adjusted Indicators

ProShares UltraShort ETF may look attractive on headline returns alone, but deeper analysis often tells a different story. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze ProShares UltraShort'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
META	1.47	-0.01	0.00	-0.06	0.00	0.00	2.33	-2.82	14.24
MSFT	1.24	-0.24	0.00	-0.55	0.00	0.00	2.19	-2.87	13.28
UBER	1.53	-0.09	0.00	-0.21	0.00	0.00	3.18	-3.60	11.09
F	1.36	-0.11	0.00	-0.14	0.00	0.00	3.61	-3.07	10.01
T	1.10	0.21	0.19	-0.82	1.11	-1.22	3.87	-1.92	8.53
A	1.24	-0.32	0.00	-0.35	0.00	0.00	2.48	-3.01	7.20
CRM	1.82	-0.41	0.00	-0.68	0.00	0.00	3.41	-4.75	9.78
JPM	1.14	-0.05	0.00	-0.07	0.00	0.00	2.18	-2.63	8.17
MRK	1.13	0.30	0.22	0.61	1.22	-1.26	2.54	-1.98	7.29
XOM	1.33	0.45	0.31	26.63	1.14	-1.54	2.90	-2.44	6.83

ProShares UltraShort Competitive Analysis

Better Than Average

Worse Than Peers

View Performance Chart

	GLL	TSLS	JDST	MIDU	LABD	BITI	SARK	SHNY	ELD	MAYW
	6.40 19.29 ProShares	1.59 57.67 Direxion	15.46 39.74 Direxion	2.99 51.86 Direxion	7.33 20.21 Direxion	4.64 25.48 ProShares	2.26 31.61 Tuttle	9.47 15.86 Microsectors	0.11 28.58 WisdomTree	0.27 33.76 AIM
Market Volatility (90 Days Market Risk)	Stable	Very Low	Low	Very Low	Stable	Low	Very Low	Stable	Very Low	Very Low
Market Performance (90 Days Performance)	Weak	Balanced	Weak	Soft	Weak	Mild	Soft	Moderate	Weak	Balanced
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Over Valued	Over Valued	Over Valued	Over Valued	Over Valued	Over Valued	Fairly Valued	Fairly Valued	Fairly Valued
Buy or Sell Analysis (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Strong Sell	Strong Sell	Sell	Strong Sell	Strong Sell	Strong Sell	Sell	Hold	Strong Hold
Price To Sales	N/A	N/A	2.2	1.26	7.92	79.98	N/A	N/A	N/A	N/A
Equity Positions Weight	-133.5	-11.8	9.11	49.48	-12.08	N/A	-3.25	27.66	N/A	N/A
Three Year Return	-45.9	-41.1	-70.2	16.8	-51.5	-38.6	-30.8	84.6	7.9	N/A
Net Asset	29.65 M	8.68 M	97.21 M	36.39 M	204.2 M	N/A	335.54 M	3.08 M	88.13 M	N/A
Price To Book	N/A	N/A	1.27	2.25	3.01	252.86	N/A	N/A	N/A	N/A
Five Year Return	-34.4	N/A	-55.2	-2.2	-34.6	N/A	N/A	N/A	2.2	N/A
One Year Return	-67.4	-52.1	-89.7	31.2	-74.5	-0.1	-39.0	205.7	12.1	10.5
Last Dividend Paid	N/A	N/A	1.15	0.01	0.086	N/A	N/A	N/A	0.14	N/A
Bond Positions Weight	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	93.14	N/A
Ten Year Return	-25.1	N/A	-69.8	10.4	-57.3	N/A	N/A	N/A	2.7	N/A
Beta	-0.97	-1.62	-0.38	3.39	-3.9	-17.1	-3.15	1.62	1.01	N/A
Price To Earning	N/A	N/A	24.23	20.76	21.86	-4.13	N/A	N/A	N/A	N/A
Day Typical Price	18.92	57.21	38.02	52.5	19.76	25.35	31.38	15.97	28.57	33.79
Accumulation Distribution	520666.0	7789.35	87182.41	1039.65	337333.0	52655.89	9095.24	0.021	0.0011	0.0027
Market Facilitation Index	N/A	0.0	0.0	1.0E-4	N/A	N/A	0.0	0.34	0.03	0.09
Daily Balance Of Power	0.9587	0.604	0.9708	-0.83	0.9787	2.054545	0.9722	-4.88	1.0	-1.00
Period Momentum Indicator	1.16	0.9	5.32	-1.60	1.38	1.13	0.7	-1.66	0.03	-0.09
Rate Of Daily Change	1.06	1.02	1.15	0.97	1.07	1.05	1.02	0.91	1.0	1.0
Day Median Price	18.74	56.99	37.16	52.82	19.53	25.29	31.27	16.03	28.57	33.81
Price Action Indicator	1.13	1.14	5.24	-1.76	1.37	0.76	0.69	-1.00	0.03	-0.09
Relative Strength Index	49.43	58.75	53.47	42.11	29.91	N/A	51.47	45.5	42.62	N/A
Coefficient Of Variation	-894.06	1149.29	-1,227	8367.96	-6,302	1224.89	1712.14	920.35	4133.28	746.66
Mean Deviation	3.11	1.82	5.28	2.16	3.76	2.5	1.77	4.64	0.4227	0.1138
Jensen Alpha	-0.56	0.1421	-0.54	0.1539	-0.18	0.2022	0.0485	0.8009	0.0179	0.0169
Total Risk Alpha	-0.29	0.306	-0.23	0.1736	0.1609	0.4638	0.2306	1.1	0.0336	0.0189
Sortino Ratio	N/A	0.0977	N/A	0.022	N/A	0.0891	0.0666	0.0883	0.0658	0.2691
Downside Variance	N/A	5.5	N/A	8.78	N/A	12.97	5.67	78.26	0.4623	0.0369
Standard Deviation	4.59	2.28	7.48	2.88	4.77	3.55	2.18	6.9	0.5737	0.1557
Kurtosis	5.01	-0.72	2.46	1.02	-0.16	2.5	0.1183	6.15	1.01	0.6336
Potential Upside	8.65	3.72	14.21	4.02	7.08	5.69	3.16	8.94	0.9349	0.2953
Treynor Ratio	0.5426	-0.17	-0.33	0.0077	0.0356	-0.15	-0.07	0.4953	0.0113	0.0736
Maximum Drawdown	31.63	9.25	40.63	16.53	22.81	22.98	11.69	42.18	2.65	0.7393
Variance	21.05	5.19	55.95	8.31	22.72	12.62	4.77	47.62	0.3291	0.0242
Market Risk Adjusted Performance	0.5526	-0.16	-0.32	0.0177	0.0456	-0.14	-0.06	0.5053	0.0213	0.0836
Risk Adjusted Performance	-0.08	0.0753	-0.06	0.0167	-0.0042	0.0723	0.0525	0.0947	0.0153	0.0651
Skewness	1.36	-0.03	1.19	0.0247	-0.25	0.1711	-0.24	-1.52	-0.56	-0.44
Semi Deviation	N/A	2.01	N/A	2.91	N/A	3.32	2.23	7.83	0.6441	0.0756
Information Ratio	-0.11	0.1006	-0.08	0.0227	-0.01	0.0903	0.0725	0.1131	0.078	0.3321
Value At Risk	-5.73	-3.50	-11.93	-5.11	-7.99	-5.33	-2.92	-12.02	-1.16	-0.30
Expected Short fall	N/A	-1.96	N/A	-2.19	N/A	-2.57	-1.71	-4.41	-0.39	-0.12
Downside Deviation	N/A	2.35	N/A	2.96	N/A	3.6	2.38	8.85	0.6799	0.1921
Semi Variance	N/A	4.04	N/A	8.47	N/A	11.05	4.97	61.29	0.4149	0.0057

ProShares UltraShort Competition Peer Performance Charts

How to Analyze ProShares UltraShort Against Peers

ProShares UltraShort's peer analysis compares ProShares UltraShort with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:

Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
Check valuation dispersion: Review whether ProShares UltraShort trades at a premium or discount versus peers and why.
Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
Document the thesis: Record where ProShares UltraShort leads or lags and what catalysts could close or widen the gap.

Use this as an educational baseline, then validate conclusions with current filings, market conditions, and portfolio objectives.

Peer Comparison Metrics & Methodology

Debt-to-equity comparison across ProShares UltraShort peers frames whether its leverage is conservative, normal, or high for its industry - relevant context that standalone ratios miss. Comparative analysis works best when peers share business drivers, cycle exposure, and capital structure characteristics.

Unless otherwise specified, data for ProShares UltraShort Gold is compiled from fund disclosures and market reference feeds and standardized for comparability. Updates may occur throughout the day.

This content is curated and reviewed by:

Rifka Kats - Member of Macroaxis Editorial Board

Last reviewed on March 9th, 2026

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ProShares UltraShort Competition

Correlation: ProShares UltraShort vs Allianzim Large Details

Moving together with ProShares Etf

Moving against ProShares Etf

Specify up to 10 symbols:

ProShares UltraShort Competition Correlation Matrix

High positive correlations

High negative correlations

ProShares UltraShort Competition Risk-Adjusted Indicators

ProShares UltraShort Competitive Analysis

ProShares UltraShort Competition Peer Performance Charts

How to Analyze ProShares UltraShort Against Peers

Peer Comparison Metrics & Methodology

This content is curated and reviewed by:

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