ProShares Hedge Correlations

Etfs . USA . 
Etf . ProShares Hedge Replication
HDG Etf  USD 49.83  0.14  0.28%   
The current 90-days correlation between ProShares Hedge Repl and ProShares Merger ETF is 0.23 (i.e., Modest diversification). The correlation of ProShares Hedge 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 Hedge Correlation With Market

Good diversification

The correlation between ProShares Hedge Replication and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Hedge Replication and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with ProShares Etf
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ProShares Hedge Replication. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with ProShares Etf

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  0.92XTOC Innovator ETFs TrustPairCorr
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  0.92XTJA Innovator ETFs TrustPairCorr
  0.97SAUG First Trust ExchangePairCorr
  0.84ULST SPDR SSgA UltraPairCorr
  0.92BUFD FT Cboe VestPairCorr
  0.86VYMI Vanguard InternationalPairCorr
  0.89DFEV Dimensional ETF TrustPairCorr
  0.9VFVA Vanguard Value FactorPairCorr
  0.73SPIB SPDR Barclays Interm Sell-off TrendPairCorr
  0.65SOXX iShares Semiconductor ETF Sell-off TrendPairCorr
  0.98SUPP TCW Transform SupplyPairCorr
  0.81IBIB iShares TrustPairCorr
  0.8KWEB KraneShares CSI ChinaPairCorr
  0.75VBF Invesco Van KampenPairCorr
  0.69FCOR Fidelity Corporate BondPairCorr
  0.82FXED Tidal ETF TrustPairCorr
  0.83MYMF SPDR SSGA My2026PairCorr
  0.9ENOR iShares MSCI NorwayPairCorr

Related Correlations Analysis

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ProShares Hedge Constituents Risk-Adjusted Indicators

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

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