ProShares UltraShort Euro (EUO) belongs to the Leveraged Currency category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with EUO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to EUO
EUO charges 0.99% annually. There are 3 ETFs in the Leveraged Currency category with lower expense ratios, going as low as 0.81%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Currency Strategy ETF | 0.81% | 323.36M | Feb 2025 | EUO vs FOXY | |
| ProShares Ultra Euro | 0.95% | 4.98M | Nov 2008 | EUO vs ULE | |
| ProShares Ultra Yen | 0.95% | 31.67M | Nov 2008 | EUO vs YCL | |
| ProShares UltraShort Yen | 1.00% | 30.50M | Nov 2008 | EUO vs YCS |
Best Risk-Adjusted Alternatives to EUO
EUO has a PortfoliosLab risk / return rank of 21. There are 2 ETFs in the Leveraged Currency category with higher risk-adjusted ranks, going as high as 78.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Currency Strategy ETF | 78 | 323.36M | Feb 2025 | EUO vs FOXY | |
| ProShares UltraShort Yen | 63 | 30.50M | Nov 2008 | EUO vs YCS | |
| ProShares Ultra Euro | 5 | 4.98M | Nov 2008 | EUO vs ULE | |
| ProShares Ultra Yen | 1 | 31.67M | Nov 2008 | EUO vs YCL |
Top Performing EUO Alternatives (YTD)
EUO is at 9.04% YTD. There are 2 ETFs in the Leveraged Currency category with higher YTD returns, going as high as 12.88%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Currency Strategy ETF | 12.88% | 323.36M | Feb 2025 | EUO vs FOXY | |
| ProShares UltraShort Yen | 9.63% | 30.50M | Nov 2008 | EUO vs YCS | |
| ProShares Ultra Euro | -6.71% | 4.98M | Nov 2008 | EUO vs ULE | |
| ProShares Ultra Yen | -7.56% | 31.67M | Nov 2008 | EUO vs YCL |
Lowest Volatility Alternatives to EUO
EUO has 12.71% 1-year volatility. There is 1 ETF in the Leveraged Currency category with lower 1-year volatility, going as low as 9.87%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Currency Strategy ETF | 9.87% | 323.36M | Feb 2025 | EUO vs FOXY | |
| ProShares Ultra Euro | 13.15% | 4.98M | Nov 2008 | EUO vs ULE | |
| ProShares Ultra Yen | 16.43% | 31.67M | Nov 2008 | EUO vs YCL | |
| ProShares UltraShort Yen | 16.93% | 30.50M | Nov 2008 | EUO vs YCS |
Lowest Drawdown Alternatives to EUO
EUO has a 1-year max drawdown of -8.05%. There is 1 ETF in the Leveraged Currency category with a shallower 1-year drawdown, going as shallow as -4.32%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Currency Strategy ETF | -4.32% | 323.36M | Feb 2025 | EUO vs FOXY | |
| ProShares UltraShort Yen | -8.30% | 30.50M | Nov 2008 | EUO vs YCS | |
| ProShares Ultra Euro | -11.29% | 4.98M | Nov 2008 | EUO vs ULE | |
| ProShares Ultra Yen | -24.74% | 31.67M | Nov 2008 | EUO vs YCL |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, BITO, QLD and span 10 categories. AUM among these funds goes as high as $40B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 53 | 41.43% | 39.74B | Feb 2010 | EUO vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -29.93% | 1.42B | Oct 2021 | EUO vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 53 | 29.58% | 14.59B | Jun 2006 | EUO vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 49 | 17.21% | 5.36B | Jun 2009 | EUO vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 50 | 12.95% | 8.02B | Jun 2006 | EUO vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 29 | 6.48% | 11.27B | Oct 2013 | EUO vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 82 | 84.65% | 3.28B | Jan 2007 | EUO vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -40.31% | 1.83B | Feb 2010 | EUO vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -22.07% | 265.17M | Oct 2011 | EUO vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -58.07% | 340.85M | Apr 2024 | EUO vs BITU |
Often Compared With EUO
Investors most often compare EUO with BTAL, VOO, QQQ. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare EUO with Any Fund or Stock
Compare EUO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair EUO with funds that move differently
ProShares UltraShort Euro alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EUO.
Explore EUO Diversifiers