This module allows you to analyze existing cross correlation between ProShares UltraShort SmallCap600 and ProShares Short SP500. You can compare the effects of market volatilities on ProShares UltraShort and ProShares Short and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in ProShares UltraShort with a short position of ProShares Short. See also your portfolio center. Please also check ongoing floating volatility patterns of ProShares UltraShort and ProShares Short.
|Time Horizon||30 Days Login to change|
ProShares UltraShort SmallCap6 vs. ProShares Short SP500
Considering 30-days investment horizon, ProShares UltraShort SmallCap600 is expected to under-perform the ProShares Short. In addition to that, ProShares UltraShort is 1.98 times more volatile than ProShares Short SP500. It trades about -0.37 of its total potential returns per unit of risk. ProShares Short SP500 is currently generating about -0.1 per unit of volatility. If you would invest 2,930 in ProShares Short SP500 on May 24, 2018 and sell it today you would lose (37.00) from holding ProShares Short SP500 or give up 1.26% of portfolio value over 30 days.