Spxs vs spxu

Pair Correlation Comparison. By analyzing existing cross correlation between ProShares UltraPro Short and Direxion Daily SP, you can compare the effects of market volatilities on ProShares UltraPro and Direxion Daily and check how they will diversify away market risk if combined in the same portfolio for a given time horizon, spxs vs spxu.

To start off, here's a look at the basics of each fund. Keep an eye on the FI Score. That's a custom score from 0 to that we generate based on how good this fund is for the casual investor. Most investors only need a handful of total funds in their portfolio. The higher the score, the more likely this is one of those few. Score alone isn't enough!

Spxs vs spxu

It was launched on Nov 5, It was launched on Jun 25, That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns. The year-to-date returns for both stocks are quite close, with SPXS having a Both investments have delivered pretty close results over the past 10 years, with SPXS having a Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options. SPXS's dividend yield for the trailing twelve months is around 7. The maximum SPXS drawdown since its inception was This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same.

Almost no diversification The 3 months correlation between ProShares and Direxion is 0. Direxion Daily SP Correlation. ProShares UltraPro.

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Spxs vs spxu

To start off, here's a look at the basics of each fund. Keep an eye on the FI Score. That's a custom score from 0 to that we generate based on how good this fund is for the casual investor. Most investors only need a handful of total funds in their portfolio. The higher the score, the more likely this is one of those few. Score alone isn't enough! Keep reading on to see how different or perhaps similar these two funds are. Expenses: 1. This is a bad choice for a Inverse Alternative fund. See why ».

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These scores are based on when most investors would add these funds to their portfolio. Adam says: Learn how to confidently invest for retirement! Northern Lights Direxion Daily vs. You can also utilize pair trading strategies of matching a long position in ProShares UltraPro with a short position of Direxion Daily. Over the last 90 days ProShares UltraPro Short has generated negative risk-adjusted returns adding no value to investors with long positions. Check out your portfolio center. View terms and conditions. Feedback Blog. Research over , global equities including funds, stocks and ETFs to find investment opportunities. The correlation coefficient measures the extent to which returns on ProShares UltraPro Short are associated or correlated with Direxion Daily.

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Key characteristics. SPXS has 1. Correlation 1. SPXS has a 1. Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. Keep reading on to see how different or perhaps similar these two funds are. A score of 10 means that this fund or one like it belongs in a three-fund portfolio. Compare Dividends Optimize. Keep an eye on the FI Score. Pair Correlation Comparison. Predicted Return Density. Northern Lights. Join the Minafi Investor Bootcamp to see how. A score of 10 means this is a solid market and category that almost every investor will want to have investments in.