ProShares Ultra FTSE China 50 of PROSHARES TRUST (XPP) — Stock Correlations & Overview
Over the past year, XPP has moved most closely with YINN, FXI, MCHI. Explore the stocks most correlated and inversely correlated with XPP below, along with its price, financials, and company profile.
Stocks correlated with XPP
Correlation of daily returns. Higher positive values move with XPP; negative values move opposite it. Informational only, not investment advice.
Most correlated with XPP
| Symbol | Company | Correlation |
|---|---|---|
| YINN | Direxion Daily FTSE China Bull 3X ETF | 0.99 |
| FXI | iShares China Large-Cap ETF | 0.99 |
| MCHI | iShares MSCI China ETF | 0.95 |
| FLCH | Franklin FTSE China ETF | 0.93 |
| GXC | State Street SPDR S&P China ETF | 0.92 |
Most inversely correlated with XPP
| Symbol | Company | Correlation |
|---|---|---|
| YANG | Direxion Daily FTSE China Bear 3X ETF | -0.99 |
| FXP | ProShares UltraShort FTSE China 50 of ProShares Trust | -0.97 |
| YXI | ProShares Short FTSE China 50 of PROSHARES TRUST | -0.94 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.54 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.54 |
Frequently asked questions about XPP correlations
- Which stocks are most correlated with XPP?
- Based on one year of daily returns, the stocks most correlated with ProShares Ultra FTSE China 50 of PROSHARES TRUST (XPP) are YINN (0.99), FXI (0.99) and MCHI (0.95). 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 XPP?
- Over the past year, the stocks most inversely correlated with ProShares Ultra FTSE China 50 of PROSHARES TRUST (XPP) are YANG (-0.99), FXP (-0.97) and YXI (-0.94). 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 XPP correlations calculated?
- We compute the correlation of daily returns between XPP 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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