PortfoliosLab logo
Tools
Performance Analysis
Risk Analysis
Optimization
Factor Model
See All Tools
Portfolio Analysis
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
ProShares UltraShort Euro (EUO)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISINUS74347W8828
CUSIP74347W882
IssuerProShares
Inception DateNov 25, 2008
RegionDeveloped Europe (Broad)
CategoryLeveraged Currency, Leveraged
Leveraged2x
Index TrackedUSD/EUR Exchange Rate (-200%)
Asset ClassCurrency

Expense Ratio

EUO has a high expense ratio of 0.99%, indicating higher-than-average management fees.


Expense ratio chart for EUO: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%

Share Price Chart


Loading data...

Compare to other instruments

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


ProShares UltraShort Euro

Popular comparisons: EUO vs. SPLG, EUO vs. MCHI, EUO vs. ULE, EUO vs. YCL, EUO vs. VOO, EUO vs. BTAL, EUO vs. BITO

Performance

Performance Chart

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


0.00%100.00%200.00%300.00%400.00%500.00%December2024FebruaryMarchAprilMay
24.69%
518.71%
EUO (ProShares UltraShort Euro)
Benchmark (^GSPC)

S&P 500

Returns By Period

ProShares UltraShort Euro had a return of 5.87% year-to-date (YTD) and 2.97% in the last 12 months. Over the past 10 years, ProShares UltraShort Euro had an annualized return of 6.00%, while the S&P 500 had an annualized return of 10.76%, indicating that ProShares UltraShort Euro did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date5.87%11.21%
1 month-2.25%4.60%
6 months4.47%16.35%
1 year2.97%27.79%
5 years (annualized)3.51%13.43%
10 years (annualized)6.00%10.76%

Monthly Returns

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20244.87%0.43%0.85%2.52%5.87%
2023-2.55%5.99%-4.54%-2.75%6.94%-3.61%-1.10%3.02%5.97%0.19%-5.11%-2.44%-1.02%
20222.17%0.83%2.52%10.03%-3.66%5.04%5.23%3.59%5.22%-1.69%-9.77%-4.82%13.88%
20211.29%1.10%5.90%-5.04%-2.72%5.59%-0.17%0.97%3.83%0.48%3.79%-0.54%14.83%
20202.57%0.98%0.00%1.44%-2.63%-2.52%-9.09%-2.80%3.68%1.02%-4.32%-4.86%-15.97%
20190.66%1.76%3.34%0.51%1.40%-3.13%6.27%1.78%2.26%-3.96%2.82%-3.18%10.51%
2018-6.37%4.03%-1.60%4.18%6.99%0.62%0.13%1.80%0.34%5.36%0.57%-1.82%14.39%
2017-4.84%3.80%-1.35%-3.94%-5.88%-3.10%-6.75%-1.02%1.59%3.14%-4.11%-1.12%-21.71%
20160.59%-1.13%-8.66%-1.29%5.90%0.33%-1.44%0.38%-1.25%4.84%7.19%1.42%6.07%
201514.11%1.62%7.54%-8.72%4.15%-3.40%2.75%-4.68%0.50%3.00%8.09%-5.86%18.14%
20143.75%-4.52%0.18%-1.42%3.24%-1.04%4.52%3.82%7.89%1.45%1.19%5.47%26.67%
2013-5.84%8.04%3.41%-5.40%2.48%-0.52%-4.67%1.31%-4.72%-0.90%-0.34%-2.68%-10.26%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of EUO is 16, indicating that it is in the bottom 16% 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 EUO is 1616
EUO (ProShares UltraShort Euro)
The Sharpe Ratio Rank of EUO is 1616Sharpe Ratio Rank
The Sortino Ratio Rank of EUO is 1515Sortino Ratio Rank
The Omega Ratio Rank of EUO is 1515Omega Ratio Rank
The Calmar Ratio Rank of EUO is 1717Calmar Ratio Rank
The Martin Ratio Rank of EUO is 1717Martin 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 UltraShort Euro (EUO) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


EUO
Sharpe ratio
The chart of Sharpe ratio for EUO, currently valued at 0.26, compared to the broader market0.002.004.006.000.26
Sortino ratio
The chart of Sortino ratio for EUO, currently valued at 0.46, compared to the broader market0.005.0010.000.46
Omega ratio
The chart of Omega ratio for EUO, currently valued at 1.06, compared to the broader market0.501.001.502.002.503.001.06
Calmar ratio
The chart of Calmar ratio for EUO, currently valued at 0.14, compared to the broader market0.005.0010.0015.000.14
Martin ratio
The chart of Martin ratio for EUO, currently valued at 0.77, compared to the broader market0.0020.0040.0060.0080.00100.000.77
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.52, compared to the broader market0.002.004.006.002.52
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.56, compared to the broader market0.005.0010.003.56
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.44, compared to the broader market0.501.001.502.002.503.001.44
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 2.04, compared to the broader market0.005.0010.0015.002.04
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 9.59, compared to the broader market0.0020.0040.0060.0080.00100.009.59

Sharpe Ratio

The current ProShares UltraShort Euro Sharpe ratio is 0.26. 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 UltraShort Euro 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-0.500.000.501.001.502.002.503.00December2024FebruaryMarchAprilMay
0.26
2.52
EUO (ProShares UltraShort Euro)
Benchmark (^GSPC)

Dividends

Dividend History


ProShares UltraShort Euro doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-20.00%-15.00%-10.00%-5.00%0.00%December2024FebruaryMarchAprilMay
-15.01%
-0.31%
EUO (ProShares UltraShort Euro)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the ProShares UltraShort Euro. 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 UltraShort Euro was 38.58%, occurring on May 3, 2011. Recovery took 966 trading sessions.

The current ProShares UltraShort Euro drawdown is 15.01%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-38.58%Jun 8, 2010229May 3, 2011966Mar 6, 20151195
-35.73%Dec 2, 2008249Nov 25, 2009130Jun 4, 2010379
-31.49%Mar 16, 2015728Feb 1, 2018510Feb 12, 20201238
-25.67%Mar 23, 2020201Jan 6, 2021329Apr 27, 2022530
-24.4%Sep 28, 2022200Jul 17, 2023

Volatility

Volatility Chart

The current ProShares UltraShort Euro volatility is 2.39%, 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%December2024FebruaryMarchAprilMay
2.39%
3.10%
EUO (ProShares UltraShort Euro)
Benchmark (^GSPC)