ProShares MSCI Correlations

EMDV Etf

USD 44.91 -0.54 -1.19%

The current 90-days correlation between ProShares MSCI Emerging and ProShares Ultra Consumer is 0.16 (i.e., Good diversification).Investors use its correlation structure to evaluate hedging opportunities and diversification potential.

Market Correlation Signal - ProShares MSCI

Very poor diversification

For the present investment horizon, the measured correlation between ProShares MSCI and Dow Jones stands at 0.84, or Very poor diversification. A 0.84 reading means ProShares MSCI and Dow Jones have substantial price overlap, limiting diversification benefit.

Build portfolio with ProShares Etf

Investing Opportunities provides a view into diversified allocation design. Such insight adds context to allocation decisions within a diversified portfolio. Adding ProShares MSCI Emerging to a portfolio enables side-by-side comparison with other holdings. Allocation models determine the relative weighting of each position in the portfolio. Broader economic conditions can influence ProShares MSCI Emerging's etf valuation — related indicators include signals in unemployment.

Moving together with ProShares Etf

0.75	VWO	Vanguard FTSE Emerging	Pair Corr
0.67	EMC	Global X Funds	Pair Corr
0.76	SPEM	SPDR Portfolio Emerging	Pair Corr
0.61	ESGE	iShares ESG Aware	Pair Corr
0.67	UPRO	ProShares UltraPro	Pair Corr
0.61	XTOC	Innovator ETFs Trust	Pair Corr
0.64	XTJA	Innovator ETFs Trust	Pair Corr

Moving against ProShares Etf

0.69	UVXY	ProShares Ultra VIX Low Volatility	Pair Corr
0.6	BOED	Direxion Daily BA	Pair Corr
0.59	AAPD	Direxion Shares ETF	Pair Corr

Related Correlations Analysis

	EUDV	RFEU	SCDS	ESIX	ESMV	EZJ	BRAZ	MCDS	PWER	UGE
EUDV		-0.19	0.8	0.85	0.82	0.82	0.52	0.87	0.45	0.61	EUDV
RFEU	-0.19		-0.19	-0.23	0.15	0.21	0.48	0.07	0.6	0.47	RFEU
SCDS	0.8	-0.19		0.95	0.63	0.79	0.64	0.87	0.57	0.66	SCDS
ESIX	0.85	-0.23	0.95		0.69	0.83	0.55	0.92	0.48	0.67	ESIX
ESMV	0.82	0.15	0.63	0.69		0.73	0.56	0.81	0.58	0.71	ESMV
EZJ	0.82	0.21	0.79	0.83	0.73		0.79	0.91	0.75	0.88	EZJ
BRAZ	0.52	0.48	0.64	0.55	0.56	0.79		0.66	0.96	0.88	BRAZ
MCDS	0.87	0.07	0.87	0.92	0.81	0.91	0.66		0.66	0.77	MCDS
PWER	0.45	0.6	0.57	0.48	0.58	0.75	0.96	0.66		0.88	PWER
UGE	0.61	0.47	0.66	0.67	0.71	0.88	0.88	0.77	0.88		UGE
	EUDV	RFEU	SCDS	ESIX	ESMV	EZJ	BRAZ	MCDS	PWER	UGE

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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

PWER	+ 0.96	BRAZ
ESIX	+ 0.95	SCDS
MCDS	+ 0.92	ESIX
MCDS	+ 0.91	EZJ
UGE	+ 0.88	EZJ
UGE	+ 0.88	BRAZ

High negative correlations

ESIX	- 0.23	RFEU
SCDS	- 0.19	RFEU
RFEU	- 0.19	EUDV

ProShares MSCI Constituents Risk-Adjusted Indicators

ProShares MSCI ETF can look attractive on recent price action while risk efficiency lags the peer group. Reviewing ProShares MSCI's risk-adjusted indicators gives a clearer view of whether returns are being earned efficiently. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EUDV	0.73	0.00	0.00	-0.06	0.00	0.00	1.25	-1.91	3.83
RFEU	0.41	0.08	0.25	-2.81	0.32	-0.56	0.94	-0.86	2.44
SCDS	0.86	0.10	0.08	0.03	1.15	-0.80	1.52	-1.99	5.46
ESIX	0.84	0.07	0.05	-0.01	1.11	-0.84	1.52	-1.89	5.35
ESMV	0.43	0.00	0.00	-0.06	0.00	0.00	0.80	-0.85	2.90
EZJ	2.05	0.27	0.06	0.05	2.91	-2.24	4.77	-4.70	15.78
BRAZ	1.44	0.33	0.15	0.20	1.74	-1.50	2.53	-3.30	8.98
MCDS	0.70	0.08	0.08	0.02	0.99	-0.66	1.44	-1.75	4.58
PWER	1.18	0.28	0.17	0.24	1.47	-1.24	2.33	-2.72	7.79
UGE	1.42	0.10	0.08	0.14	1.65	-1.59	2.97	-2.80	9.35

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