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ProShares UltraShort Euro (EUO)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US74347W8828

CUSIP

74347W882

Issuer

ProShares

Inception Date

Nov 25, 2008

Region

Developed Europe (Broad)

Leveraged

2x

Index Tracked

USD/EUR Exchange Rate (-200%)

Asset Class

Currency

Expense Ratio

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


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.


Performance

Performance Chart


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S&P 500

Returns By Period

ProShares UltraShort Euro (EUO) returned -15.86% year-to-date (YTD) and -5.71% over the past 12 months. Over the past 10 years, EUO returned 1.27% annually, underperforming the S&P 500 benchmark at 10.84%.


EUO

YTD

-15.86%

1M

0.69%

6M

-12.06%

1Y

-5.71%

3Y*

0.43%

5Y*

1.39%

10Y*

1.27%

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

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
20250.03%0.06%-7.67%-8.74%-0.24%-15.86%
20244.87%0.43%0.85%2.52%-2.84%3.21%-1.67%-3.55%-0.89%5.05%6.49%4.33%19.79%
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%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of EUO is 7, meaning it’s performing worse than 93% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of EUO is 77
Overall Rank
The Sharpe Ratio Rank of EUO is 77
Sharpe Ratio Rank
The Sortino Ratio Rank of EUO is 77
Sortino Ratio Rank
The Omega Ratio Rank of EUO is 77
Omega Ratio Rank
The Calmar Ratio Rank of EUO is 66
Calmar Ratio Rank
The Martin Ratio Rank of EUO is 88
Martin 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.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

ProShares UltraShort Euro Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: -0.35
  • 5-Year: 0.09
  • 10-Year: 0.08
  • All Time: 0.06

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of ProShares UltraShort Euro compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

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. Drawdowns are calculated considering price movements and all distributions paid, if any.


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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 19.09%.


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
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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