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Proshares UltraShort Basic Materials (SMN) - ETF


Charts and data are derived from prices adjusted for both splits and distributions to emphasize total return.

ETF Symbol:
Avg Vol36k
52 wk High49.00
52 wk Low25.91
Inception:Feb 2007
(as of 2016-02-12)
Total Returns:
1 day-5.8%
5 day3.8%
1 month-8.8%
3 month18.5%
6 month15.4%
9 month50.2%
1 year46.2%
Compare Funds:
Correlated Group: Materials (View cGroup) (All Groups)


Correlated Funds

Most Directly Correlated
Direxion Energy Bear 3X SharesERY0.84  
Proshares UltraShort Oil & GasDUG0.84  
ProShares UltraPro Short Nasdaq Biotech ETFZBIO0.83  
Direxion Daily Mid Cap Bear 3X SharesMIDZ0.82  
ProShares UltraPro Short Dow30SDOW0.82  
ProShares UltraPro Short MidCap400SMDD0.82  
ProShares Short Dow 30DOG0.82  
ProShares Short S&P 500SH0.82  
Proshares UltraShort Dow30DXD0.82  
Direxion S&P 500 Bear 3X SharesSPXS0.82  
Least Correlated
SPDR Barclays 1-3 Month T-Bill ETFBIL0.03  
Guggenheim Ultra Short BondGSY0.01  
Guggenheim BulletShares 2018 Corp Bond ETFBSCI0.01  
iShares Barclays TIPS Bond FundTIP0.01  
SPDR Barclays Intermediate Corp BondITR0.00  
iShares Barclays Intermediate Credit Bond FundCIU0.00  
FlexShares iBoxx 5-Year Target Duration TIPS IndexTDTF-0.01  
Market Vectors High-Yield Muni ETFHYD-0.02  
iShares COMEX GoldIAU-0.02  
Powershares DB 3x Inver Jap Gov Bond ETNJGBD-0.03  
Most Inversely Correlated
SPDR S&P Global Natural Resources ETFGNR-0.90  
First Trust Large Cap Value Opportunities AlpFTA-0.90  
FlexShares Morningstar Global Upstream Natural ResGUNR-0.91  
PowerShares S&P 500 High Beta ETFSPHB-0.91  
iShares S&P Gbl MaterialsMXI-0.94  
First Trust Materials AlphaDEX FundFXZ-0.95  
Vanguard MaterialsVAW-0.99  
Fidelity MSCI MaterialsFMAT-0.99  
Select Sector SPDR Fund - MaterialsXLB-0.99  
iShares Dow Jones U.S. Basic Materials IndexIYM-1.00  
These 126 day (6 month) correlations can be considered short term, focusing on recent price movements.
Correlations are only calculated for actively traded funds. As of: 2016-02-05.

Exchange-traded funds are similar to index funds that trade like a single stock. Until the advent of the ETF, it was impossible to trade indexes this easily through an equity account. Most ETFs are relatively static in make-up, like the SPY or QQQQ index funds. Others, like some of the PowerShares funds, are dynamic and the holdings are changed routinely. ETFs have risks similar to stocks in that their value can rise or fall at the discretion of the marketplace. Some ETFs, like international funds and narrowly based indexes, have special risks that the investor should be aware of. However, used properly ETFs can provide an efficient and effective investment vehicle for achieving results that were near impossible for the typical investor to achieve prior to their development.

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