ProShares UltraShort SP500 has a volatility of 1.17 and is 1.98 times more volatile than DOW. 10%
of all equities and portfolios are less risky than ProShares UltraShort. Compared to the overall equity markets, volatility of historical daily returns of ProShares UltraShort SP500 is lower than 10 (%)
of all global equities and portfolios over the last 30 days. Use ProShares UltraShort SP500 to protect against small markets fluctuations. The etf experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of ProShares UltraShort to be traded at $34.55 in 30 days
. As returns on market increase, ProShares UltraShort returns are expected to increase less than the market. However during bear market, the loss on holding ProShares UltraShort will be expected to be smaller as well.
ProShares UltraShort correlation with market
Overlapping area represents the amount of risk that can be diversified away by holding ProShares UltraShort SP500 and equity matching DJI index in the same portfolio.