ProShares UltraPro Correlations

UPRO Etf

USD 99.20 2.11 2.17%

The current 90-days correlation between ProShares UltraPro and Fidelity Covington Trust is -0.05 (i.e., Excellent diversification).Its correlation with fixed-income and commodity benchmarks reveals whether the stock behaves as risk-on or risk-off.

ProShares UltraPro Correlation With Market

Poor diversification

For the present investment horizon, the measured correlation between ProShares UltraPro and Dow Jones stands at 0.79, or Poor diversification. In portfolio terms, the overlap shows how much shared movement remains after combining both positions.

Build portfolio with ProShares Etf

World Market Map provides a view into diversified allocation design. This information is provided for contextual purposes. Adding ProShares UltraPro SAMPP500 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 UltraPro SAMPP500's etf valuation — related indicators include signals in real.

Moving together with ProShares Etf

1.0	SSO	ProShares Ultra SAMPP500	Pair Corr
0.9	SPXL	Direxion Daily SAMPP500	Pair Corr
0.78	QLD	ProShares Ultra QQQ	Pair Corr
0.71	TECL	Direxion Daily Technology	Pair Corr
0.77	UYG	ProShares Ultra	Pair Corr
0.61	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.65	MDBX	Tradr 2X Long	Pair Corr
0.7	BAC	Bank of America Aggressive Push	Pair Corr
0.62	MMM	3M Company	Pair Corr
0.68	AXP	American Express	Pair Corr
0.72	DIS	Walt Disney	Pair Corr

Moving against ProShares Etf

0.76	GUSH	Direxion Daily SAMPP	Pair Corr
0.74	NRGU	Bank of Montreal	Pair Corr
0.32	SCHD	Schwab Dividend Equity	Pair Corr
0.58	VZ	Verizon Communications	Pair Corr
0.53	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.4	PFE	Pfizer Inc	Pair Corr
0.34	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	OMFL	VTHR	DSI	SHLD	SCHK	XMHQ	BKLC	XMMO	VFLO	FELG
OMFL		0.85	0.75	0.49	0.83	0.91	0.79	0.45	0.64	0.25	OMFL
VTHR	0.85		0.97	0.1	1.0	0.85	0.99	0.06	0.5	0.68	VTHR
DSI	0.75	0.97		-0.02	0.98	0.76	0.98	-0.14	0.37	0.8	DSI
SHLD	0.49	0.1	-0.02		0.07	0.41	0.01	0.53	0.3	-0.44	SHLD
SCHK	0.83	1.0	0.98	0.07		0.83	1.0	0.03	0.48	0.71	SCHK
XMHQ	0.91	0.85	0.76	0.41	0.83		0.78	0.37	0.59	0.27	XMHQ
BKLC	0.79	0.99	0.98	0.01	1.0	0.78		-0.04	0.44	0.77	BKLC
XMMO	0.45	0.06	-0.14	0.53	0.03	0.37	-0.04		0.57	-0.56	XMMO
VFLO	0.64	0.5	0.37	0.3	0.48	0.59	0.44	0.57		0.05	VFLO
FELG	0.25	0.68	0.8	-0.44	0.71	0.27	0.77	-0.56	0.05		FELG
	OMFL	VTHR	DSI	SHLD	SCHK	XMHQ	BKLC	XMMO	VFLO	FELG

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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

SCHK	+ 1.0	VTHR
BKLC	+ 1.0	SCHK
BKLC	+ 0.99	VTHR
SCHK	+ 0.98	DSI
BKLC	+ 0.98	DSI
DSI	+ 0.97	VTHR

High negative correlations

FELG	- 0.56	XMMO
FELG	- 0.44	SHLD
XMMO	- 0.14	DSI
XMMO	- 0.04	BKLC
SHLD	- 0.02	DSI

ProShares UltraPro Constituents Risk-Adjusted Indicators

Return momentum in ProShares Etf is more useful when tested against peer-relative fundamentals and risk. Reviewing ProShares UltraPro'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
OMFL	0.71	0.05	0.00	-0.01	0.00	0.00	1.03	-1.64	4.42
VTHR	0.63	0.01	0.00	-0.06	0.00	0.00	1.15	-1.58	3.84
DSI	0.67	-0.01	0.00	-0.08	0.00	0.00	1.06	-1.46	3.95
SHLD	1.39	0.27	0.18	0.29	1.46	-1.57	2.97	-2.37	10.00
SCHK	0.62	0.01	0.00	-0.06	0.00	0.00	1.04	-1.54	3.68
XMHQ	0.75	0.04	0.00	-0.03	0.00	0.00	1.62	-1.55	4.35
BKLC	0.61	0.00	0.00	-0.07	0.00	0.00	1.05	-1.47	3.59
XMMO	0.88	0.14	0.12	0.08	1.03	-0.92	1.75	-2.00	6.36
VFLO	0.65	0.06	0.09	0.01	0.82	-0.67	1.26	-1.39	4.58
FELG	0.80	-0.07	0.00	-0.15	0.00	0.00	1.30	-1.82	3.98

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