ProShares UltraShort Real Estate (SRS) — Stock Correlations & Overview
Over the past year, SRS has moved most closely with DRV, REK, SDP. Explore the stocks most correlated and inversely correlated with SRS below, along with its price, financials, and company profile.
Stocks correlated with SRS
Correlation of daily returns. Higher positive values move with SRS; negative values move opposite it. Informational only, not investment advice.
Frequently asked questions about SRS correlations
- Which stocks are most correlated with SRS?
- Based on one year of daily returns, the stocks most correlated with ProShares UltraShort Real Estate (SRS) are DRV (0.99), REK (0.99) and SDP (0.54). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with SRS?
- Over the past year, the stocks most inversely correlated with ProShares UltraShort Real Estate (SRS) are DRN (-0.99), URE (-0.99) and XLRE (-0.99). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these SRS correlations calculated?
- We compute the correlation of daily returns between SRS and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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