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ETFs

ProShares Ulta SmallCap600

SAA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 23, 2007
Expense Ratio
0.95%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$58,039
AUM
$25,155,310
Associated Index
S&P SmallCap 600 Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Net Other Assets (Liabilities)
10.36%
CIVI
Civitas Resources Inc - Ordinary Shares New
0.61%
SPSC
SPS Commerce Inc.
0.57%
FIX
Comfort Systems USA, Inc.
0.56%
ONTO
Onto Innovation Inc.
0.55%
AIT
Applied Industrial Technologies Inc.
0.55%
RMBS
Rambus Inc.
0.54%
ELF
e.l.f. Beauty Inc
0.52%
FN
Fabrinet
0.52%
ATI
ATI Inc
0.50%
Invest with SAA

What is SAA?

ProShares Ultra SmallCap600 seeks daily investment results before fees and expenses that correspond to twice (200%) the daily performance of the S&P SmallCap 600 Index.

ETFs related toSAA

ETFs correlated to SAA include IJR, SPSM, VIOO

SAA
ProShares Trust - ProShares Ultra SmallCap600 2x Shares
IJR
BlackRock Institutional Trust Company N.A. - iShares Core S&P Small-Cap ETF
SPSM
SPDR Series Trust - SPDR Portfolio S&P 600 Small Cap ETF
VIOO
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 ETF
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
SLYG
SPDR Series Trust - SPDR S&P 600 Small Cap Growth ETF
IJT
BlackRock Institutional Trust Company N.A. - iShares S&P Small-Cap 600 Growth ETF
GSSC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF
IJS
BlackRock Institutional Trust Company N.A. - iShares S&P Small-Cap 600 Value ETF
FNDA
Schwab Strategic Trust - Schwab Fundamental U.S. Small Company Index ETF
SLYV
SPDR Series Trust - SPDR S&P 600 Small Cap Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSAA

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SAA using Composer

News Related to SAA

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Read

FAQ

SAA is a US Equities ETF. ProShares Ultra SmallCap600 seeks daily investment results before fees and expenses that correspond to twice (200%) the daily performance of the S&P SmallCap 600 Index.

SAA tracks the S&P SmallCap 600 Index.

No, SAA is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SAA is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SAA is -0.073%. This is the percent change in the value of SAA over the most recent 1-month period. The 3-month return on SAA is -0.0487%. This is the percent change in the value of SAA over the most recent 3-month period.

The standard deviation of SAA for the past year is 0.4299%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SAA include SBB, SDD, and TQQQ.

ETFs correlated to SAA include IJR, SPSM, and VIOO.

ETFs that are inversely correlated to SAA include RWM, TZA, and TWM.

Yes, SAA is a Leveraged (2x) ETF: This means that SAA will try to match the performance of S&P SmallCap 600 Index, but with 2x the returns.

Yes, SAA is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of S&P SmallCap 600 Index, but move 2x in the opposite direction.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.