ProShares VIX Correlations

VIXM Etf

USD 16.34 -0.29 -1.74%

The current 90-days correlation between ProShares VIX Mid and Investment Managers Series is 0.06 (i.e., Significant diversification).The correlation of ProShares VIX 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.

ProShares VIX Correlation With Market

Excellent diversification

Across the chosen horizon, VIXM and DJI show a correlation of -0.52 and fall into the Excellent diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Build AI portfolio with ProShares Etf

Use World Market Map to better understand diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This includes a position in ProShares VIX Mid Term within the portfolio mix. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with ProShares Etf

0.85	VXX	iPath Series B Low Volatility	Pair Corr
0.84	VIXY	ProShares VIX Short Low Volatility	Pair Corr
0.9	VXZ	iPath Series B Low Volatility	Pair Corr

Moving against ProShares Etf

0.54	AGQ	ProShares Ultra Silver	Pair Corr
0.41	CEFD	ETRACS Monthly Pay	Pair Corr
0.39	NVDL	GraniteShares 15x Long Aggressive Push	Pair Corr
0.38	BULZ	MicroSectors Solactive	Pair Corr
0.72	DIS	Walt Disney	Pair Corr
0.53	AXP	American Express	Pair Corr
0.49	BAC	Bank of America	Pair Corr
0.42	IBM	International Business	Pair Corr
0.32	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.03	-0.06	-0.03	0.12	-0.09	-0.04	0.11	-0.06	0.08	META
MSFT	-0.03		0.84	-0.2	-0.91	0.83	0.97	0.53	-0.92	-0.95	MSFT
UBER	-0.06	0.84		-0.17	-0.81	0.85	0.8	0.39	-0.81	-0.83	UBER
F	-0.03	-0.2	-0.17		0.01	0.13	-0.19	0.22	0.31	0.16	F
T	0.12	-0.91	-0.81	0.01		-0.86	-0.85	-0.47	0.82	0.86	T
A	-0.09	0.83	0.85	0.13	-0.86		0.81	0.65	-0.74	-0.85	A
CRM	-0.04	0.97	0.8	-0.19	-0.85	0.81		0.61	-0.89	-0.96	CRM
JPM	0.11	0.53	0.39	0.22	-0.47	0.65	0.61		-0.37	-0.59	JPM
MRK	-0.06	-0.92	-0.81	0.31	0.82	-0.74	-0.89	-0.37		0.92	MRK
XOM	0.08	-0.95	-0.83	0.16	0.86	-0.85	-0.96	-0.59	0.92		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

CRM	+ 0.97	MSFT
XOM	+ 0.92	MRK
XOM	+ 0.86	T
A	+ 0.85	UBER
UBER	+ 0.84	MSFT
A	+ 0.83	MSFT

High negative correlations

XOM	- 0.96	CRM
XOM	- 0.95	MSFT
MRK	- 0.92	MSFT
T	- 0.91	MSFT
MRK	- 0.89	CRM
A	- 0.86	T

ProShares VIX Competition Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares VIX 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 VIX'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	1.46	0.06	0.03	0.06	1.66	-1.51	2.38	-2.81	13.69
MSFT	1.29	-0.23	0.00	-0.67	0.00	0.00	2.19	-2.87	13.28
UBER	1.50	-0.33	0.00	-1.00	0.00	0.00	2.46	-3.82	11.09
F	1.34	-0.06	0.00	-0.07	0.00	0.00	3.61	-2.64	10.01
T	1.10	0.15	0.12	-0.58	1.14	-1.26	3.87	-1.85	8.53
A	1.27	-0.37	0.00	-0.37	0.00	0.00	2.48	-2.73	7.20
CRM	1.83	-0.27	0.00	-0.37	0.00	0.00	4.03	-4.75	12.37
JPM	1.24	-0.09	0.00	-0.07	0.00	0.00	2.34	-3.11	8.17
MRK	1.20	0.23	0.15	0.45	1.31	-1.29	2.54	-2.06	7.29
XOM	1.32	0.36	0.25	3.95	1.16	-1.56	2.90	-2.44	6.83

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