Correlation Between ProShares Merger and WisdomTree Trust
How much single-name risk can be diversified by combining ProShares Merger ETF and WisdomTree Trust ? This module highlights the diversifiable risk of combining ProShares Merger ETF and WisdomTree Trust and frames portfolio overlap.
Pair correlation for ProShares Merger ETF and WisdomTree Trust can improve allocation efficiency and manage overlap risk. You can also test a long ProShares Merger and short WisdomTree Trust structure to evaluate relative-value behavior. Review volatility patterns in ProShares Merger and WisdomTree Trust. Go to your portfolio center
Diversification Opportunities for ProShares Merger and WisdomTree Trust
0.55 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between ProShares and WisdomTree is 0.55. Overlapping area represents the amount of risk that can be diversified away by holding ProShares Merger ETF and WisdomTree Trust in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on WisdomTree Trust and ProShares Merger 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 Merger ETF are associated (or correlated) with WisdomTree Trust. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of WisdomTree Trust has no effect on the direction of ProShares Merger i.e., ProShares Merger and WisdomTree Trust go up and down completely randomly.
Pair Corralation between ProShares Merger and WisdomTree Trust
Given the investment horizon of 90 days ProShares Merger ETF is expected to generate 0.27 times more return on investment than WisdomTree Trust. However, ProShares Merger ETF is 3.71 times less risky than WisdomTree Trust. It trades about 0.04 of its potential returns per unit of risk. WisdomTree Trust is currently generating about -0.06 per unit of risk. If you had invested $ 4,447 in ProShares Merger ETF on December 19, 2025 and sold it today you would have earned a total of $ 26.00 from holding ProShares Merger ETF or generated 0.58% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 63.33% |
| Values | Daily Returns |
ProShares Merger ETF vs. WisdomTree Trust
Performance |
| Timeline |
| ProShares Merger ETF |
Risk-Adjusted Performance
Soft
Weak | Strong |
| WisdomTree Trust |
Risk-Adjusted Performance
Weak
Weak | Strong |
ProShares Merger and WisdomTree Trust Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with ProShares Merger and WisdomTree Trust
A paired position in ProShares Merger and WisdomTree Trust is useful when investors want a more relative-value expression than a simple directional trade. The stronger process checks whether the correlation is stable enough to justify the hedge logic before the trade is sized.| ProShares Merger vs. Innovator ETFs Trust | ProShares Merger vs. The 2023 ETF | ProShares Merger vs. CoreValues Alpha Greater | ProShares Merger vs. Direxion Daily Pharmaceutical |
| WisdomTree Trust vs. Strategy Shares | WisdomTree Trust vs. Freedom Day Dividend | WisdomTree Trust vs. Franklin Templeton ETF | WisdomTree Trust vs. iShares MSCI China |
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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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