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ETFs

ProShares UltraShort Health Care

RXD
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Jan 30 2007
Expense Ratio
0.95%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$19,592
AUM
$1,176,024
Associated Index
S&P Health Care Select Sector Index
Inverse/Leveraged
Inverse (-2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Derivatives offset
199.98%
n/a
Net Other Assets (Liabilities)
100.00%
Invest with RXD

What is RXD?

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

ETFs related toRXD

ETFs correlated to RXD include DXD, DOG, SDOW

RXD
ProShares Trust - ProShares UltraShort Health Care -2x Shares
DXD
ProShares Trust - ProShares UltraShort Dow 30-2X Shares
DOG
ProShares Trust - ProShares Short Dow30 -1x Shares
SDOW
ProShares Trust - ProShares UltraPro Short Dow30 -3x Shares
SH
ProShares Trust - ProShares Short S&P500 -1x Shares
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
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
FAZ
Direxion Shares ETF Trust - Direxion Daily Financial Bear 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 toRXD

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with RXD using Composer

FAQ

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

RXD tracks the S&P Health Care Select Sector Index.

No, RXD 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, RXD 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 RXD is 0.0296%. This is the percent change in the value of RXD over the most recent 1-month period. The 3-month return on RXD is 0.0228%. This is the percent change in the value of RXD over the most recent 3-month period.

The standard deviation of RXD for the past year is 0.2727%. 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 RXD include RXL, SSO, and TNA.

ETFs correlated to RXD include DXD, DOG, and SDOW.

ETFs that are inversely correlated to RXD include XLV, CURE, and IYH.

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

Yes, RXD is a Inverse (-2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of S&P Health Care 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.