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ProShares Short MSCI Emerging Markets (EUM)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISINUS74347R3966
CUSIP74347R396
IssuerProShares
Inception DateNov 1, 2007
RegionEmerging Markets (Broad)
CategoryInverse Equities
Leveraged1x
Index TrackedMSCI Emerging Markets Index (-100%)
Asset ClassEquity

Asset Class Size

Large-Cap

Asset Class Style

Blend

Expense Ratio

EUM has a high expense ratio of 0.95%, indicating higher-than-average management fees.


Expense ratio chart for EUM: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons: EUM vs. QQQ

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in ProShares Short MSCI Emerging Markets, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


-20.00%-10.00%0.00%10.00%20.00%MayJuneJulyAugustSeptemberOctober
-12.28%
16.00%
EUM (ProShares Short MSCI Emerging Markets)
Benchmark (^GSPC)

Returns By Period

ProShares Short MSCI Emerging Markets had a return of -9.63% year-to-date (YTD) and -15.72% in the last 12 months. Over the past 10 years, ProShares Short MSCI Emerging Markets had an annualized return of -6.25%, while the S&P 500 had an annualized return of 12.04%, indicating that ProShares Short MSCI Emerging Markets did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date-9.63%22.85%
1 month-7.11%4.16%
6 months-11.20%15.77%
1 year-15.72%35.40%
5 years (annualized)-6.41%14.46%
10 years (annualized)-6.25%12.04%

Monthly Returns

The table below presents the monthly returns of EUM, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20245.44%-3.58%-2.14%0.68%-1.32%-2.07%-0.46%-0.60%-5.00%-9.63%
2023-8.18%8.70%-2.99%1.09%3.02%-3.75%-5.30%7.54%3.83%3.91%-6.90%-3.19%-3.89%
2022-0.39%4.10%2.27%5.78%-1.12%4.89%0.14%1.62%12.62%1.71%-13.68%3.09%20.68%
2021-3.41%-1.21%-0.24%-1.38%-1.98%-1.18%6.14%-1.85%3.64%-1.30%3.68%-1.78%-1.32%
20206.04%3.54%11.53%-8.10%-3.44%-6.91%-8.32%-3.07%0.78%-1.78%-8.74%-6.86%-24.37%
2019-9.47%1.52%-1.08%-2.11%7.57%-5.70%2.84%3.78%-1.60%-4.08%0.11%-6.93%-15.27%
2018-7.69%5.19%-0.75%2.83%2.53%4.49%-3.31%3.53%0.57%8.99%-4.84%3.38%14.59%
2017-6.29%-1.92%-3.71%-1.77%-2.95%-1.04%-5.47%-2.39%-0.16%-3.13%0.16%-3.65%-28.08%
20164.28%0.23%-12.05%-0.81%3.39%-5.33%-5.25%-1.16%-3.13%0.67%3.96%0.00%-15.28%
20150.04%-4.37%1.07%-6.83%4.22%2.59%6.07%8.81%2.08%-6.66%2.12%3.44%11.89%
20148.94%-3.63%-4.20%-0.98%-3.13%-2.52%-1.58%-2.96%7.92%-1.73%1.20%3.87%0.11%
20130.11%2.10%0.84%-1.71%4.88%4.62%-1.79%2.13%-7.43%-4.32%-0.15%-0.04%-1.42%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of EUM is 1, indicating that it is in the bottom 1% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of EUM is 11
Combined Rank
The Sharpe Ratio Rank of EUM is 11Sharpe Ratio Rank
The Sortino Ratio Rank of EUM is 11Sortino Ratio Rank
The Omega Ratio Rank of EUM is 11Omega Ratio Rank
The Calmar Ratio Rank of EUM is 33Calmar Ratio Rank
The Martin Ratio Rank of EUM is 00Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for ProShares Short MSCI Emerging Markets (EUM) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


EUM
Sharpe ratio
The chart of Sharpe ratio for EUM, currently valued at -0.98, compared to the broader market0.002.004.006.00-0.98
Sortino ratio
The chart of Sortino ratio for EUM, currently valued at -1.33, compared to the broader market0.005.0010.00-1.33
Omega ratio
The chart of Omega ratio for EUM, currently valued at 0.85, compared to the broader market1.001.502.002.503.000.85
Calmar ratio
The chart of Calmar ratio for EUM, currently valued at -0.17, compared to the broader market0.005.0010.0015.00-0.17
Martin ratio
The chart of Martin ratio for EUM, currently valued at -1.37, compared to the broader market0.0020.0040.0060.0080.00100.00-1.37
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.78, compared to the broader market0.002.004.006.002.78
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.70, compared to the broader market0.005.0010.003.70
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.50, compared to the broader market1.001.502.002.503.001.50
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 2.45, compared to the broader market0.005.0010.0015.002.45
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 16.98, compared to the broader market0.0020.0040.0060.0080.00100.0016.98

Sharpe Ratio

The current ProShares Short MSCI Emerging Markets Sharpe ratio is -0.98. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of ProShares Short MSCI Emerging Markets with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00MayJuneJulyAugustSeptemberOctober
-0.98
2.78
EUM (ProShares Short MSCI Emerging Markets)
Benchmark (^GSPC)

Dividends

Dividend History

ProShares Short MSCI Emerging Markets granted a 5.05% dividend yield in the last twelve months. The annual payout for that period amounted to $0.63 per share.


PeriodTTM202320222021202020192018
Dividend$0.63$0.55$0.07$0.00$0.02$0.23$0.18

Dividend yield

5.05%3.86%0.46%0.00%0.15%1.35%0.88%

Monthly Dividends

The table displays the monthly dividend distributions for ProShares Short MSCI Emerging Markets. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.12$0.00$0.00$0.16$0.00$0.00$0.13$0.00$0.41
2023$0.00$0.00$0.06$0.00$0.00$0.14$0.00$0.00$0.13$0.00$0.00$0.22$0.55
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.07$0.07
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2020$0.00$0.00$0.02$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.02
2019$0.00$0.00$0.05$0.00$0.00$0.07$0.00$0.00$0.07$0.00$0.00$0.05$0.23
2018$0.01$0.00$0.00$0.04$0.00$0.00$0.13$0.18

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-80.00%-60.00%-40.00%-20.00%0.00%MayJuneJulyAugustSeptemberOctober
-89.41%
0
EUM (ProShares Short MSCI Emerging Markets)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the ProShares Short MSCI Emerging Markets. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the ProShares Short MSCI Emerging Markets was 90.95%, occurring on Feb 17, 2021. The portfolio has not yet recovered.

The current ProShares Short MSCI Emerging Markets drawdown is 89.41%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-90.95%Oct 28, 20083097Feb 17, 2021
-23.6%Oct 10, 20082Oct 13, 20089Oct 24, 200811
-19.42%Sep 18, 20082Sep 19, 200811Oct 6, 200813
-18.94%Mar 20, 200842May 19, 200858Aug 11, 2008100
-12.64%Nov 27, 20078Dec 6, 200727Jan 16, 200835

Volatility

Volatility Chart

The current ProShares Short MSCI Emerging Markets volatility is 7.01%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%MayJuneJulyAugustSeptemberOctober
7.01%
2.86%
EUM (ProShares Short MSCI Emerging Markets)
Benchmark (^GSPC)