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Proshares UltraShort Financials (SKF) - ETF





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Volume(000's)


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

ETF Symbol:
Price28.54
Volume11k
Avg Vol52k
RSf4.7
$Vol(21d)1m
52 wk High50.78
52 wk Low26.17
Inception:Feb 2007
(as of 2017-05-24)
Total Returns:
1 day-0.2%
5 day-4.2%
1 month2.3%
3 month4.7%
6 month-15.3%
9 month-28.6%
1 year-34.4%
 
Compare Funds:
Correlated Group: Financial (View cGroup) (All Groups)




 

Correlated Funds

Most Directly Correlated
Direxion Financial Bear 3X SharesFAZ1.00  
ProShares UltraPro Short S&P 500SPXU0.87  
Proshares UltraShort S&P500SDS0.86  
Direxion S&P 500 Bear 3X SharesSPXS0.86  
ProShares Short S&P 500SH0.86  
Proshares UltraShort Dow30DXD0.85  
ProShares UltraPro Short Dow30SDOW0.84  
Proshares Short Russell 2000RWM0.84  
Proshares UltraShort Russell2000TWM0.84  
Direxion Small Cap Bear 3X SharesTZA0.84  
Least Correlated
ETFS Physical Platinum SharesPPLT0.03  
VanEck Vectors Investment Grade Floating RateFLTR0.02  
iShares Short Maturity Bond ETFNEAR0.02  
Vanguard Emerg Mkts Govt Bond ETFVWOB0.02  
Guggenheim S&P Equal Weight Utilities ETFRYU0.01  
PowerShares DB Agriculture FundDBA-0.01  
GreenHaven Continuous Commodity IndexGCC-0.02  
iPath DJ AIG Grains ETNJJG-0.03  
PowerShares DWA UtilitiesPUI-0.03  
iShares JPMorgan USD Emerging Markets Bond FuEMB-0.03  
Most Inversely Correlated
SPDR KBW Bank ETFKBE-0.93  
Select Sector SPDR Fund - FinancialXLF-0.96  
Guggenheim S&P Equal Weight Financial ETFRYF-0.96  
First Trust Financials AlphaDEX FundFXO-0.97  
iShares US Financial SvcsIYG-0.97  
Fidelity MSCI FinancialsFNCL-0.97  
Vanguard FinancialsVFH-0.97  
Direxion Financial Bull 3X SharesFAS-1.00  
iShares US FinancialsIYF-1.00  
Proshares Ultra FinancialsUYG-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: 2017-05-19.
 


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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