ProShares Smart Correlations

TINT Etf

USD 36.05 0.71 2.01%

The current 90-days correlation between ProShares Smart Materials and Themes Cloud Computing is 0.12 (i.e., Good diversification).The correlation coefficient ranges from -1 to +1 and quantifies how closely the stock co-moves with paired assets.

ProShares Smart Market Linkage

Weak diversification

The correlation between ProShares Smart and Dow Jones is 0.52, which Macroaxis classifies as Weak diversification for the selected horizon. A 0.52 reading means ProShares Smart and Dow Jones have partial price overlap, offering some diversification benefit.

Build portfolio with ProShares Etf

World Market Map provides a view into diversified allocation design. All metrics are derived from available inputs and shown for reference. ProShares Smart Materials can be included in a portfolio to evaluate diversification impact. Weighting is typically determined by the allocation framework in use. Broader economic conditions can influence ProShares Smart Materials's etf valuation — related indicators include signals in inflation.

Moving together with ProShares Etf

0.96	XLB	Materials Select Sector Aggressive Push	Pair Corr
0.96	VAW	Vanguard Materials Index	Pair Corr
0.79	MOO	VanEck Agribusiness ETF	Pair Corr
0.83	FXZ	First Trust Materials	Pair Corr
0.7	URNM	Sprott Uranium Miners	Pair Corr
0.89	IYM	iShares Basic Materials	Pair Corr
0.82	BND	Vanguard Total Bond	Pair Corr
0.96	VTV	Vanguard Value Index	Pair Corr
0.79	VO	Vanguard Mid Cap	Pair Corr
0.77	KO	Coca Cola	Pair Corr
0.94	DD	Dupont De Nemours	Pair Corr
0.69	MCD	McDonalds	Pair Corr
0.7	PFE	Pfizer Inc	Pair Corr
0.86	CAT	Caterpillar	Pair Corr
0.8	MRK	Merck Company Aggressive Push	Pair Corr
0.71	HD	Home Depot	Pair Corr

Moving against ProShares Etf

0.46	BOED	Direxion Daily BA	Pair Corr
0.36	VUG	Vanguard Growth Index	Pair Corr
0.46	IBM	International Business	Pair Corr

Related Correlations Analysis

	ZSB	CZAR	CTEX	QGRD	WTID	GENW	HFMF	KLXY	BULD	CLOD
ZSB		0.24	0.44	0.4	-0.08	0.09	0.31	-0.09	0.53	0.1	ZSB
CZAR	0.24		0.51	0.82	0.59	0.08	-0.39	0.03	0.23	0.54	CZAR
CTEX	0.44	0.51		0.53	0.17	0.44	-0.04	-0.33	0.67	0.05	CTEX
QGRD	0.4	0.82	0.53		0.7	-0.19	-0.48	0.01	0.11	0.75	QGRD
WTID	-0.08	0.59	0.17	0.7		-0.56	-0.88	0.24	-0.42	0.89	WTID
GENW	0.09	0.08	0.44	-0.19	-0.56		0.63	-0.24	0.79	-0.74	GENW
HFMF	0.31	-0.39	-0.04	-0.48	-0.88	0.63		-0.29	0.56	-0.8	HFMF
KLXY	-0.09	0.03	-0.33	0.01	0.24	-0.24	-0.29		-0.19	0.24	KLXY
BULD	0.53	0.23	0.67	0.11	-0.42	0.79	0.56	-0.19		-0.47	BULD
CLOD	0.1	0.54	0.05	0.75	0.89	-0.74	-0.8	0.24	-0.47		CLOD
	ZSB	CZAR	CTEX	QGRD	WTID	GENW	HFMF	KLXY	BULD	CLOD

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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

CLOD	+ 0.89	WTID
QGRD	+ 0.82	CZAR
BULD	+ 0.79	GENW
CLOD	+ 0.75	QGRD
WTID	+ 0.7	QGRD
BULD	+ 0.67	CTEX

High negative correlations

HFMF	- 0.88	WTID
CLOD	- 0.8	HFMF
CLOD	- 0.74	GENW
GENW	- 0.56	WTID
HFMF	- 0.48	QGRD
CLOD	- 0.47	BULD

ProShares Smart Constituents Risk-Adjusted Indicators

Strong recent returns in ProShares Etf do not always mean ProShares Smart ETF is outperforming peers on business quality. Reviewing ProShares Smart'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
ZSB	1.84	0.25	0.08	0.19	2.79	-1.80	3.26	-4.19	13.63
CZAR	0.74	-0.03	0.00	-0.10	0.00	0.00	1.05	-1.85	5.61
CTEX	1.91	0.16	0.04	0.03	2.57	-1.82	3.66	-4.49	12.81
QGRD	0.61	-0.02	0.00	-0.08	0.00	0.00	1.09	-1.40	3.22
WTID	7.93	-0.67	0.00	-1.96	0.00	0.00	22.39	-18.44	73.00
GENW	0.75	0.12	0.10	0.10	1.10	-0.72	1.33	-1.85	4.90
HFMF	1.11	0.25	0.15	0.22	1.45	-1.09	2.12	-2.42	6.93
KLXY	0.73	-0.04	0.00	0.13	0.00	0.00	1.69	-2.17	4.91
BULD	1.49	0.22	0.10	0.07	1.61	-1.66	3.56	-2.83	10.51
CLOD	1.41	-0.28	0.00	-0.34	0.00	0.00	2.05	-4.06	7.34

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