Share Price Chart
Loading graphics...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
Loading graphics...
Returns By Period
ProShares UltraShort Euro (EUO) has returned 4.48% so far this year and -8.27% over the past 12 months. Over the last ten years, EUO has returned 2.49% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
ProShares UltraShort Euro
- 1D
- -1.82%
- 1M
- 4.67%
- YTD
- 4.48%
- 6M
- 5.68%
- 1Y
- -8.27%
- 3Y*
- 0.64%
- 5Y*
- 4.14%
- 10Y*
- 2.49%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Nov 25, 2008, EUO's average daily return is +0.01%, while the average monthly return is +0.22%. At this rate, your investment would double in approximately 26.3 years.
Historically, 53% of months were positive and 47% were negative. The best month was Jan 2009 with a return of +17.7%, while the worst month was Dec 2008 at -17.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.
On a daily basis, EUO closed higher 49% of trading days. The best single day was May 19, 2014 with a return of +22.4%, while the worst single day was May 20, 2014 at -18.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.20% | 1.04% | 4.67% | 4.48% | |||||||||
| 2025 | 0.03% | 0.06% | -7.67% | -8.74% | 0.10% | -6.78% | 6.95% | -4.53% | -0.18% | 4.43% | -0.98% | -2.19% | -18.87% |
| 2024 | 4.86% | 0.44% | 0.84% | 2.52% | -2.84% | 3.21% | -1.66% | -3.55% | -0.91% | 5.07% | 6.48% | 4.33% | 19.79% |
| 2023 | -2.55% | 5.99% | -4.54% | -2.76% | 6.95% | -3.61% | -1.10% | 3.04% | 5.95% | 0.19% | -5.10% | -2.45% | -1.02% |
| 2022 | 2.17% | 0.83% | 2.52% | 10.01% | -3.64% | 5.04% | 5.23% | 3.59% | 5.22% | -1.69% | -9.77% | -4.82% | 13.88% |
| 2021 | 1.29% | 1.09% | 5.90% | -5.04% | -2.72% | 5.59% | -0.17% | 0.97% | 3.83% | 0.48% | 3.79% | -0.54% | 14.83% |
Benchmark Metrics
ProShares UltraShort Euro has an annualized alpha of 6.03%, beta of -0.22, and R² of 0.04 versus S&P 500 Index. Calculated based on daily prices since November 26, 2008.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -95.36%), but participation in market rallies was also limited (-25.35%) — a profile typical of counter-cyclical assets.
- Beta of -0.22 may look defensive, but with R² of 0.04 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R² of 0.04 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 6.03%
- Beta
- -0.22
- R²
- 0.04
- Upside Capture
- -25.35%
- Downside Capture
- -95.36%
Expense Ratio
EUO has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
EUO ranks 4 for risk / return — in the bottom 4% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares UltraShort Euro (EUO) and compare them to a chosen benchmark (S&P 500 Index).
| EUO | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.53 | 0.90 | -1.43 |
Sortino ratioReturn per unit of downside risk | -0.62 | 1.39 | -2.01 |
Omega ratioGain probability vs. loss probability | 0.92 | 1.21 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | -0.50 | 1.40 | -1.89 |
Martin ratioReturn relative to average drawdown | -0.70 | 6.61 | -7.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore EUO risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
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.
Loading graphics...
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 18.48%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -38.58% | Jun 8, 2010 | 229 | May 3, 2011 | 966 | Mar 6, 2015 | 1195 |
| -35.73% | Dec 2, 2008 | 249 | Nov 25, 2009 | 130 | Jun 4, 2010 | 379 |
| -31.49% | Mar 16, 2015 | 728 | Feb 1, 2018 | 510 | Feb 12, 2020 | 1238 |
| -25.67% | Mar 23, 2020 | 201 | Jan 6, 2021 | 329 | Apr 27, 2022 | 530 |
| -25.28% | Sep 28, 2022 | 835 | Jan 27, 2026 | — | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading graphics...