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ETFs

ProShares UltraShort Consumer Staples

SZK
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 30 2007
Expense Ratio
0.95%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$139,203
AUM
$2,945,392
Associated Index
S&P Consumer Staples Select Sector Index
Inverse/Leveraged
Inverse (-2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Derivatives offset
199.41%
n/a
Net Other Assets (Liabilities)
100.00%
Invest with SZK

What is SZK?

ProShares UltraShort Consumer Staples seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P Consumer Staples Select Sector Index.

ETFs related toSZK

ETFs correlated to SZK include SPDN, SPXS, SPXU

SZK
ProShares Trust - ProShares UltraShort Consumer Staples
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SH
ProShares Trust - ProShares Short S&P500 -1x Shares
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
SRTY
ProShares Trust - ProShares UltraPro Short Russell2000 -3x Shares
TWM
ProShares Trust - ProShares UltraShort Russell2000 -2x Shares

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 toSZK

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Category

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Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

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Risk Rating

Aggressive

Create your own algorithmic trading strategy with SZK using Composer

FAQ

SZK is a US Equities ETF. ProShares UltraShort Consumer Staples seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P Consumer Staples Select Sector Index.

SZK tracks the S&P Consumer Staples Select Sector Index.

No, SZK 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, SZK 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 SZK is 0.0452%. This is the percent change in the value of SZK over the most recent 1-month period. The 3-month return on SZK is -0.0572%. This is the percent change in the value of SZK over the most recent 3-month period.

The standard deviation of SZK for the past year is 0.466%. 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 SZK include UGE, XLP, and TZA.

ETFs correlated to SZK include SPDN, SPXS, and SPXU.

ETFs that are inversely correlated to SZK include XLY, WANT, and IYC.

Yes, SZK is a Inverse (-2x) ETF: This means that SZK will try to match the performance of S&P Consumer Staples Select Sector Index, but with 2x the returns.

Yes, SZK is a Inverse (-2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of S&P Consumer Staples Select Sector Index, but move 2x in the opposite direction.

Disclaimers

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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.