Correlation Between ProShares UltraShort and WisdomTree Continuous
Does pairing ProShares UltraShort Bloomberg with WisdomTree Continuous Commodity lower idiosyncratic risk? This module highlights the diversifiable risk of combining ProShares UltraShort Bloomberg and WisdomTree Continuous Commodity and frames portfolio overlap.
Pair correlation for ProShares UltraShort Bloomberg and WisdomTree Continuous Commodity can improve allocation efficiency and manage overlap risk. You can also test a long ProShares UltraShort and short WisdomTree Continuous structure to evaluate relative-value behavior. Review volatility patterns in ProShares UltraShort and WisdomTree Continuous. Go to your portfolio center
Diversification Opportunities for ProShares UltraShort and WisdomTree Continuous
-0.42 | Correlation Coefficient |
Very good diversification
The 3 months correlation between ProShares and WisdomTree is -0.42. Overlapping area represents the amount of risk that can be diversified away by holding ProShares UltraShort Bloomberg and WisdomTree Continuous Commodit in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on WisdomTree Continuous and ProShares UltraShort is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on ProShares UltraShort Bloomberg are associated (or correlated) with WisdomTree Continuous. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of WisdomTree Continuous has no effect on the direction of ProShares UltraShort i.e., ProShares UltraShort and WisdomTree Continuous go up and down completely randomly.
Pair Corralation between ProShares UltraShort and WisdomTree Continuous
Given the investment horizon of 90 days ProShares UltraShort Bloomberg is expected to under-perform the WisdomTree Continuous. In addition to that, ProShares UltraShort is 6.69 times more volatile than WisdomTree Continuous Commodity. It trades about -0.04 of its total potential returns per unit of risk. WisdomTree Continuous Commodity is currently generating about 0.16 per unit of volatility. If you had invested $ 2,070 in WisdomTree Continuous Commodity on December 18, 2025 and sold it today you would have earned a total of $ 346.00 from holding WisdomTree Continuous Commodity or generated 16.71% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
ProShares UltraShort Bloomberg vs. WisdomTree Continuous Commodit
Performance |
| Timeline |
| ProShares UltraShort |
Risk-Adjusted Performance
Weak
Weak | Strong |
| WisdomTree Continuous |
Risk-Adjusted Performance
Balanced
Weak | Strong |
ProShares UltraShort and WisdomTree Continuous Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with ProShares UltraShort and WisdomTree Continuous
Two-leg strategies using ProShares UltraShort and WisdomTree Continuous matter because the combined position can be designed to be more market-neutral. A pair setup only works when both legs are monitored with the same discipline as a stand-alone position.| ProShares UltraShort vs. Direxion Daily SAMPP | ProShares UltraShort vs. Direxion Daily Select | ProShares UltraShort vs. Direxion Daily MSCI | ProShares UltraShort vs. ETF Opportunities Trust |
| WisdomTree Continuous vs. Direxion Auspice Broad | WisdomTree Continuous vs. AIM ETF Products | WisdomTree Continuous vs. Soundwatch Hedged Equity | WisdomTree Continuous vs. Roundhill ETF Trust |
Go to your portfolio centerThe analysis presented here should support, not replace, the broader process of selecting and combining portfolio holdings. The practical goal is to improve the mix of assets already under consideration. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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