ProShares Ultra SmallCap600 Etf Volatility
| SAA Etf | USD 26.06 0.00 0.00% |
ProShares Ultra SmallCap600 continues to exhibit a moderate volatility profile over the designated horizon. ProShares Ultra SmallCap600 registers a Sharpe Ratio (Efficiency) of -0.0097, indicating negative risk-adjusted returns over the last 3 months. We observed 28 technical indicators shaping the current volatility backdrop.
Sharpe Ratio = -0.0097
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| Negative Returns | SAA |
Latest disclosures for ProShares Ultra SmallCap600 show a Market Risk Adjusted Performance of 0.02%, a Risk of 2.12, and a Risk Adjusted Performance of 0.02%. Based on monthly moving average ProShares Ultra is not performing at its full potential. However, if added to a well-diversified portfolio the total return can be enhanced and market risk can be reduced.
Key indicators related to ProShares Ultra's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
ProShares Ultra Etf volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of ProShares daily returns, and it is calculated using variance and standard deviation.
ProShares | Build AI portfolio with ProShares Etf |
Volatility Strategy
ProShares Ultra SmallCap600 price volatility may influence cost basis positioning and portfolio weighting over time. Price retracements and recoveries can alter allocation balance. Current statistical measures show total volatility near 2.12% with a beta coefficient of 2.39, indicating sensitivity relative to the broader market benchmark. Risk-adjusted efficiency, represented by a Sharpe ratio of -0.0097, evaluates return per unit of total risk. An alpha value of 0.13 reflects performance relative to systematic market exposure. Expected return estimates near -0.0206% are derived from historical distribution modeling and help frame forward-looking return assumptions within a portfolio context. Basket composition influences exposure sensitivity.
Main indicators related to ProShares Ultra's market risk premium analysis include:
Beta 2.39 | Alpha 0.13 | Risk 2.12 | Sharpe Ratio -0.01 | Expected Return -0.02 |
Moving together with ProShares Etf
| 0.65 | DHF | BNY Mellon High | PairCorr |
| 0.74 | ARP | Advisors Inner Circle | PairCorr |
| 0.91 | PXMV | Invesco SAMPP MidCap | PairCorr |
| 0.83 | IGA | Voya Global Advantage | PairCorr |
| 0.65 | PFE | Pfizer Inc | PairCorr |
| 0.64 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.76 | CAT | Caterpillar | PairCorr |
| 0.64 | JNJ | Johnson Johnson | PairCorr |
| 0.72 | INTC | Intel Aggressive Push | PairCorr |
| 0.71 | MRK | Merck Company | PairCorr |
Moving against ProShares Etf
| 0.67 | FNGU | MicroSectors FANG Index Symbol Change | PairCorr |
| 0.56 | ENTR | EntrepreneurShares | PairCorr |
| 0.42 | MAGS | Roundhill Magnificent | PairCorr |
| 0.33 | TECL | Direxion Daily Technology | PairCorr |
Sensitivity To Market
ProShares Ultra beta coefficient measures the volatility of ProShares etf relative to the systematic risk of the overall market benchmark. Mathematically, beta represents the slope of the regression line comparing ProShares returns against market returns. A beta of 2.39 indicates the degree of sensitivity to market-wide movements. Current total volatility is approximately 2.12%.ProShares Ultra SmallCap600 has shown noticeable price swings over the selected period. Downside deviation is about 2.17% and standard deviation is about 2.15%, which summarize how widely returns have moved. Options markets imply a forward-looking volatility estimate near 50.0%. This indicates expectations for moderate future movement relative to historical averages. If components trade in different hours, temporary premium/discount changes can increase measured volatility. Premium/discount to NAV is often expressed as (Price − NAV) / NAV × 100 when NAV is available.
3 Months Beta |Analyze ProShares Ultra Demand TrendCheck current 90 days ProShares Ultra correlation with market (Dow Jones Industrial)Downside Risk
ProShares standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low.
Standard Deviation | 2.12 |
It is essential to understand the difference between upside risk (as represented by ProShares Ultra's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of ProShares Ultra's daily returns or price. Latest disclosures for ProShares Ultra SmallCap600 show a Downside Deviation of 2.17, a Downside Variance of 4.72, and a Maximum Drawdown of 11.19.
Using ProShares Put Option to Manage Risk Based on 2026-04-17 Contracts
Latest disclosures for ProShares Ultra SmallCap600 show an Option Implied Volatility of 0.50 and an Option Max Pain Price of -1. Put options written on ProShares Ultra grant holders of the option the right to sell a specified amount of ProShares Ultra at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of ProShares Etf cannot fall below.
ProShares Ultra's PUT expiring on 2026-06-18
Profit |
| ProShares Ultra Price At Expiration |
Current ProShares Ultra Insurance Chain
| Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Put | SAA260417P00028000 | -0.649103 | 0.100277 | 1 | 2026-04-17 | 1.5 - 3.6 | 0.0 | View |
Etf Volatility Analysis
Volatility refers to the frequency at which ProShares Ultra etf price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with ProShares Ultra's price changes.
Transformation |
This analysis covers sixty-one data points across the selected time horizon. ProShares Ultra Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Projected Return Density Against Market
Considering the 90-day investment horizon ProShares Ultra has a beta of 2.3859 . This usually implies as the benchmark fluctuates upward, the ETF is expected to outperform it on average. However, if the benchmark returns are projected to be negative, ProShares Ultra will likely underperform.ProShares Ultra is exposed to both systematic and unsystematic risk. Systematic risk reflects broader etf market movements, while company or sector-specific developments represent nonmarket drivers. Diversification may reduce specific risk, but market exposure remains. Beta and standard deviation help quantify volatility. Latest disclosures for ProShares Ultra SmallCap600 show a Downside Deviation of 2.17, a Mean Deviation of 1.63, and an Option Implied Volatility of 0.50.
Predicted Return Density |
| Returns |
What Drives ProShares Ultra's Price Volatility?
Several factors can influence ProShares Ultra's market volatility:Industry Dynamics
Sector-level events can directly affect ProShares Ultra's price stability. Regulatory changes, supply disruptions, or shifts in demand within ProShares Ultra's industry may create volatility even when the broader market is calm. Competitive dynamics and industry consolidation can also amplify price swings for companies like ProShares Ultra.Political and Economic Environment
Macroeconomic conditions and policy decisions shape the backdrop for ProShares Ultra's price movements. Interest rate changes, trade policy shifts, and fiscal legislation can all alter investor sentiment toward ProShares Ultra. During periods of economic expansion, ProShares Ultra's price tends to benefit from broader market optimism, while downturns can amplify selling pressure.ProShares Ultra's Company-Specific Factors
Volatility can also stem from events unique to ProShares Ultra. Earnings surprises, management changes, product launches, or legal developments may trigger sharp price reactions in ProShares Ultra's stock. Conversely, operational setbacks, guidance revisions, or data breaches can weigh on ProShares Ultra's share price.Etf Risk Measures
Considering the 90-day investment horizon the coefficient of variation of ProShares Ultra is -10281.22. The daily returns are distributed with a variance of 4.47 and standard deviation of 2.12. The mean deviation of ProShares Ultra SmallCap600 is currently at 1.57. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.8
α | Alpha over Dow Jones | 0.13 | |
β | Beta against Dow Jones | 2.39 | |
σ | Overall volatility | 2.12 | |
Ir | Information ratio | 0.03 |
Etf Return Volatility
ProShares Ultra historical daily return volatility represents how much of ProShares Ultra etf's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The ETF reported 2.1151% volatility on return distribution over a 90-day investment horizon. By contrast, Dow Jones Industrial has volatility of 0.7886% on return distribution over a 90-day investment horizon. Performance |
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Related Correlations Analysis
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
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ProShares Ultra Constituents Risk-Adjusted Indicators
There is a big difference between ProShares Etf performing well and ProShares Ultra 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 Ultra'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UMDD | 2.17 | 0.18 | 0.03 | 0.01 | 2.78 | 4.58 | 17.38 | |||
| UYM | 1.68 | 0.46 | 0.18 | 0.20 | 1.88 | 4.09 | 10.17 | |||
| QDIV | 0.61 | 0.11 | 0.18 | 0.14 | 0.56 | 1.69 | 3.65 | |||
| MDLV | 0.43 | 0.13 | 0.22 | 0.23 | 0.45 | 1.03 | 2.77 | |||
| KVLE | 0.53 | 0.00 | 0.00 | -0.04 | 0.00 | 0.97 | 4.21 | |||
| NUDV | 0.49 | 0.09 | 0.15 | 0.08 | 0.53 | 1.08 | 3.26 | |||
| EMSF | 1.23 | 0.16 | 0.07 | 0.08 | 1.91 | 2.36 | 8.79 | |||
| HFND | 0.57 | 0.06 | 0.11 | 0.07 | 0.64 | 1.24 | 3.61 | |||
| TCHI | 1.03 | -0.04 | 0.00 | -0.10 | 0.00 | 2.49 | 8.58 | |||
| EFNL | 0.79 | 0.10 | 0.10 | 0.10 | 1.06 | 1.62 | 4.59 |
Risk Metrics, Assumptions & Methodology
Volatility for ProShares Ultra reflects price dispersion, spread stability, and underlying basket liquidity conditions. Higher dispersion implies wider price swings across observed periods.
Unless otherwise specified, data for ProShares Ultra SmallCap600 is compiled from fund disclosures and market reference feeds and standardized for comparability. Updates may occur throughout the day. Volatility and downside metrics are estimated from historical return dispersion.
This content is curated and reviewed by:
Rifka Kats - Member of Macroaxis Editorial BoardProShares Ultra Investment Opportunity
Measured over the selected horizon, ProShares Ultra SmallCap600 carries roughly 2.68 times the return volatility of Dow Jones Industrial. Across the current 90-day horizon, that places the security below 19% of the broader equity and portfolio universe on a pure volatility basis.You can use ProShares Ultra SmallCap600 to protect your portfolios against small market fluctuations. This move summary looks at how the current session may translate into a basic near-term setup. It is most useful when combined with broader risk controls and position-sizing discipline. a normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of ProShares Ultra to be traded at $25.8 in 90 days.Very poor diversification
SAA currently posts a 0.8 correlation with DJI, indicating a Very poor diversification relationship for the active sample. The overlap area represents the portion of risk that may be diversified away when both instruments are held together and nothing else in the portfolio changes.
ProShares Ultra Additional Risk Indicators
Secondary risk indicators for ProShares Ultra SmallCap600 can help investors evaluate exposure beyond standard deviation, beta, or one headline volatility measure. This is most useful when investors want to understand whether the current opportunity is being paid for with reasonable risk.
| Risk Adjusted Performance | 0.0179 | |||
| Market Risk Adjusted Performance | 0.019 | |||
| Mean Deviation | 1.63 | |||
| Semi Deviation | 2.1 | |||
| Downside Deviation | 2.17 | |||
| Coefficient Of Variation | 6840.6 | |||
| Standard Deviation | 2.15 |
ProShares Ultra Suggested Diversification Pairs
Pair analysis around ProShares Ultra SmallCap600 matters because it can turn one security idea into a more market-neutral structure. Used properly, pair trading is less about prediction in isolation and more about identifying relative mispricing between related positions.
| GM vs. ProShares Ultra | ||
| Citigroup vs. ProShares Ultra | ||
| Bank of America vs. ProShares Ultra | ||
| Salesforce vs. ProShares Ultra | ||
| Dupont De vs. ProShares Ultra | ||
| Alphabet vs. ProShares Ultra | ||
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against ProShares Ultra as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. ProShares Ultra's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, ProShares Ultra's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to ProShares Ultra SmallCap600.
More Resources for ProShares Etf Analysis
A structured review of ProShares Ultra often starts with core financial statements and trend context. Ratios and trend metrics help frame ProShares Ultra's operating context across reporting periods. Key reports that frame ProShares Ultra SmallCap600 Etf are listed below:Review World Market Map to understand diversified portfolio construction. Refined allocation visibility enhances overall portfolio context. This includes a position in ProShares Ultra SmallCap600 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 nation. ProShares Ultra currently shows P/E of 22.49. ProShares Ultra analysis should be paired with portfolio risk and diversification tools before adjusting allocations. ProShares Ultra peer comparison and risk tools below help frame relative strengths and weaknesses. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Investors evaluate ProShares Ultra using market value and book value, each describing different facets of the business. A P/B ratio of 2.09 indicates the market values ProShares Ultra above its accounting book value. Intrinsic value represents an estimate of underlying worth and can differ from both market price and book value. Valuation methods compare these perspectives to frame context.
Note that ProShares Ultra's intrinsic value and market price are different measures derived from different inputs. For ProShares Ultra, key inputs include a P/E ratio of 22.49, and a P/B ratio of 2.09. ProShares Ultra market price reflects the current exchange level formed by active bids and offers.