ProShares Short MSCI Emerging Markets (EUM) belongs to the Inverse Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with EUM. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to EUM
EUM charges 0.95% annually. There are 7 ETFs in the Inverse Equities category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily S&P 500 Bear 1x Shares | 0.50% | 230.47M | Jun 2016 | EUM vs SPDN | |
| Direxion Daily Magnificent 7 Bear 1X Shares | 0.57% | 35.32M | Mar 2024 | EUM vs QQQD | |
| ProShares Decline of the Retail Store ETF | 0.66% | 2.94M | Nov 2017 | EUM vs EMTY | |
| Tradr Short Innovation Daily ETF | 0.75% | 46.76M | Nov 2021 | EUM vs SARK | |
| Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.75% | 7.22M | Jan 2024 | EUM vs SKRE |
Best Risk-Adjusted Alternatives to EUM
EUM has a PortfoliosLab risk / return rank of 2. There are 45 ETFs in the Inverse Equities category with higher risk-adjusted ranks, going as high as 61.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | 61 | 97.46M | Sep 2024 | EUM vs MSTZ | |
| Direxion Daily NFLX Bear 1X Shares | 58 | 4.71M | Oct 2024 | EUM vs NFXS | |
| Defiance Daily Target 2X Short MSTR ETF | 52 | 28.39M | Aug 2024 | EUM vs SMST | |
| YieldMax Short COIN Option Income Strategy ETF | 45 | 36.86M | Jul 2024 | EUM vs FIAT | |
| Direxion Daily META Bear 1X ETF | 32 | 11.16M | Jun 2024 | EUM vs METD |
Top Performing EUM Alternatives (YTD)
EUM is at -16.68% YTD. There are 39 ETFs in the Inverse Equities category with higher YTD returns, going as high as 49.23%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Tradr 2X Short TSLA Daily ETF | 49.23% | 110.91M | Jul 2022 | EUM vs TSLQ | |
| GraniteShares 2x Short TSLA Daily ETF | 47.87% | 33.39M | Aug 2023 | EUM vs TSDD | |
| T-Rex 2X Inverse Tesla Daily Target ETF | 45.39% | 34.80M | Oct 2023 | EUM vs TSLZ | |
| Direxion Daily TSLA Bear 1X ETF | 33.30% | 81.35M | Aug 2022 | EUM vs TSLS | |
| Direxion Daily PLTR Bear 1X Shares | 26.78% | 40.54M | Dec 2024 | EUM vs PLTD |
Lowest Volatility Alternatives to EUM
EUM has 24.87% 1-year volatility. There are 18 ETFs in the Inverse Equities category with lower 1-year volatility, going as low as 12.25%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | 12.25% | 2.34M | Dec 2024 | EUM vs BRKD | |
| ProShares Short Dow30 | 12.59% | 100.13M | Jun 2006 | EUM vs DOG | |
| ProShares Short S&P500 | 12.81% | 927.71M | Jun 2006 | EUM vs SH | |
| Direxion Daily S&P 500 Bear 1x Shares | 12.98% | 230.47M | Jun 2016 | EUM vs SPDN | |
| Gotham Short Strategies ETF | 14.17% | 12.30M | Jul 2017 | EUM vs SHRT |
Lowest Drawdown Alternatives to EUM
EUM has a 1-year max drawdown of -33.23%. There are 26 ETFs in the Inverse Equities category with shallower 1-year drawdowns, going as shallow as -9.34%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | -9.34% | 2.34M | Dec 2024 | EUM vs BRKD | |
| ProShares Short FTSE China 50 | -13.55% | 4.55M | Mar 2010 | EUM vs YXI | |
| ProShares Decline of the Retail Store ETF | -13.91% | 2.94M | Nov 2017 | EUM vs EMTY | |
| ProShares Short Dow30 | -15.02% | 100.13M | Jun 2006 | EUM vs DOG | |
| Direxion Daily S&P 500 Bear 1x Shares | -15.93% | 230.47M | Jun 2016 | EUM vs SPDN |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, QLD, BITO and span 10 categories. AUM among these funds goes as high as $33B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 36 | 23.06% | 32.83B | Feb 2010 | EUM vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 39 | 18.94% | 12.76B | Jun 2006 | EUM vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 1 | -29.42% | 1.41B | Oct 2021 | EUM vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 50 | 21.72% | 5.15B | Jun 2009 | EUM vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 54 | 16.14% | 7.81B | Jun 2006 | EUM vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 47 | 10.84% | 11.68B | Oct 2013 | EUM vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 52 | 50.25% | 2.47B | Jan 2007 | EUM vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 2 | -34.61% | 2.00B | Feb 2010 | EUM vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 44 | 10.08% | 394.37M | Mar 2024 | EUM vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 2 | -35.24% | 244.68M | Oct 2011 | EUM vs UVXY |
Often Compared With EUM
Investors most often compare EUM with QQQ, MSFD, SPY. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare EUM with Any Fund or Stock
Compare EUM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair EUM with funds that move differently
ProShares Short MSCI Emerging Markets alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EUM.
Explore EUM Diversifiers