USD, NYSE

ProShares Ultra Semiconductors (USD)

Price (as of September 12)

20.27USD

Correlations

The correlation describes the statistical relationship between the value of two assets over time. Use this relationship to bet against an asset without shorting it or diversify your portfolio more effectively. Learn how you can use correlations to your advantage.

Lowest within Industry

Symbol Correlation

CLDS

Direxion Daily Cloud Computing Bear 2X Shares

-0.76

SRTY

ProShares UltraPro Short Russell2000

-0.72

GRNR

Global X Green Building ETF

-0.25

DISV

Dimensional International Small Cap Value ETF

-0.22

DIHP

Dimensional International High Profitability ETF

-0.2

DBND

DoubleLine Opportunistic Bond ETF

-0.18

INQQ

India Internet & Ecommerce ETF

-0.18

GRZZ

Grizzle Growth ETF

-0.16

GDE

WisdomTree Efficient Gold Plus Equity Strategy Fund

-0.16

CLRG

IQ Chaikin U.S. Large Cap ETF

-0.15

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Highest within Industry

Symbol Correlation

SOXL

Direxion Daily Semiconductor Bull 3X Shares

0.97

VGT

Vanguard Information Technology Index Fund

0.89

ROM

ProShares Ultra Technology

0.89

TECL

Direxion Daily Technology Bull 3X Shares

0.89

TQQQ

ProShares UltraPro QQQ

0.87

QLD

ProShares Ultra QQQ

0.87

IQM

Franklin Intelligent Machines ETF

0.86

DRIV

Global X Autonomous & Electric Vehicles ETF

0.84

ROBO

Robo Global Robotics and Automation Index ETF

0.83

BOTZ

Global X Robotics & Artificial Intelligence ETF

0.82

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Profile

Sector:
Trading--leveraged Equity
Industry:
Exchange Traded Funds

The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund’s investment objective. The index is designed to measure the stock performance of U.S. companies in the semiconductors sub-sector. Component companies are engaged in the production and distribution of semiconductors and other integrated chips, as well as other related products such as semiconductor capital equipment and mother-boards. The fund is non-diversified.