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ProShares Ultra Euro (ULE)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISINUS74347W8745
CUSIP74347W874
IssuerProShares
Inception DateNov 25, 2008
RegionDeveloped Europe (Broad)
CategoryLeveraged Currency, Leveraged
Leveraged2x
Index TrackedUSD/EUR Exchange Rate (-200%)
Home Pagewww.proshares.com
Asset ClassCurrency

Expense Ratio

ULE has a high expense ratio of 0.95%, indicating higher-than-average management fees.


Expense ratio chart for ULE: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

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.


ProShares Ultra Euro

Popular comparisons: ULE vs. EUO, ULE vs. VOO

Performance

Performance Chart

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


-100.00%0.00%100.00%200.00%300.00%400.00%500.00%December2024FebruaryMarchAprilMay
-54.99%
518.97%
ULE (ProShares Ultra Euro)
Benchmark (^GSPC)

S&P 500

Returns By Period

ProShares Ultra Euro had a return of -3.63% year-to-date (YTD) and 1.24% in the last 12 months. Over the past 10 years, ProShares Ultra Euro had an annualized return of -7.87%, while the S&P 500 had an annualized return of 10.83%, indicating that ProShares Ultra Euro did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date-3.63%11.26%
1 month3.12%5.92%
6 months-0.95%16.47%
1 year1.24%28.02%
5 years (annualized)-4.22%13.47%
10 years (annualized)-7.87%10.83%

Monthly Returns

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-4.14%0.18%-0.44%-2.12%-3.63%
20232.75%-5.31%4.88%3.13%-5.99%4.22%1.38%-2.80%-5.16%0.46%5.69%2.78%5.15%
2022-2.55%-0.92%-3.19%-9.15%3.27%-4.96%-5.31%-3.90%-5.34%1.15%10.74%5.04%-15.53%
2021-1.96%-0.97%-5.73%4.63%2.97%-5.97%-0.07%-1.02%-4.00%-0.57%-4.19%0.53%-15.69%
2020-2.58%-1.42%-0.60%-1.67%2.32%2.55%9.45%2.90%-4.19%-1.64%4.93%4.63%14.77%
2019-0.86%-1.60%-3.01%-0.40%-1.37%3.21%-5.62%-2.04%-1.77%4.13%-2.57%3.07%-8.90%
20186.47%-3.77%1.12%-3.98%-6.45%-1.17%0.00%-2.05%-0.20%-5.27%-0.54%2.23%-13.40%
20174.33%-3.74%0.85%3.61%6.31%2.87%6.93%0.81%-1.89%-3.12%4.30%1.04%23.92%
2016-0.64%0.42%9.01%1.13%-5.92%-1.17%1.62%-1.05%1.07%-5.06%-7.12%-0.88%-9.15%
2015-12.32%-2.25%-8.43%8.81%-4.49%2.72%-3.13%3.92%-1.03%-3.13%-7.81%5.08%-21.67%
2014-3.96%5.04%-0.87%1.69%-4.28%2.02%-4.50%-3.81%-8.35%-1.70%-1.73%-5.62%-23.79%
20135.81%-7.67%-3.54%5.06%-4.28%0.87%2.97%0.46%5.20%0.20%-0.00%2.49%6.83%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of ULE is 10, indicating that it is in the bottom 10% 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 ULE is 1010
ULE (ProShares Ultra Euro)
The Sharpe Ratio Rank of ULE is 1010Sharpe Ratio Rank
The Sortino Ratio Rank of ULE is 99Sortino Ratio Rank
The Omega Ratio Rank of ULE is 99Omega Ratio Rank
The Calmar Ratio Rank of ULE is 1010Calmar Ratio Rank
The Martin Ratio Rank of ULE is 1010Martin 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 Ultra Euro (ULE) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


ULE
Sharpe ratio
The chart of Sharpe ratio for ULE, currently valued at 0.01, compared to the broader market0.002.004.000.01
Sortino ratio
The chart of Sortino ratio for ULE, currently valued at 0.11, compared to the broader market0.005.0010.000.11
Omega ratio
The chart of Omega ratio for ULE, currently valued at 1.01, compared to the broader market0.501.001.502.002.503.001.01
Calmar ratio
The chart of Calmar ratio for ULE, currently valued at 0.00, compared to the broader market0.005.0010.0015.000.00
Martin ratio
The chart of Martin ratio for ULE, currently valued at 0.02, compared to the broader market0.0020.0040.0060.0080.00100.000.02
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.31, compared to the broader market0.002.004.002.31
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.27, compared to the broader market0.005.0010.003.27
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.40, compared to the broader market0.501.001.502.002.503.001.40
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.87, compared to the broader market0.005.0010.0015.001.87
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 8.82, compared to the broader market0.0020.0040.0060.0080.00100.008.82

Sharpe Ratio

The current ProShares Ultra Euro Sharpe ratio is 0.01. 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 Ultra 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-1.000.001.002.003.00December2024FebruaryMarchAprilMay
0.01
2.31
ULE (ProShares Ultra Euro)
Benchmark (^GSPC)

Dividends

Dividend History


ProShares Ultra Euro doesn't pay dividends

Drawdowns

Drawdowns Chart

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


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%December2024FebruaryMarchAprilMay
-66.15%
-0.27%
ULE (ProShares Ultra Euro)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the ProShares Ultra 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 Ultra Euro was 72.74%, occurring on Sep 27, 2022. The portfolio has not yet recovered.

The current ProShares Ultra Euro drawdown is 66.15%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-72.74%Nov 27, 20093142Sep 27, 2022
-24.68%Dec 18, 200852Mar 5, 2009130Sep 9, 2009182
-5.72%Nov 26, 20083Dec 1, 20087Dec 10, 200810
-4.46%Oct 23, 20098Nov 3, 200916Nov 25, 200924
-3.68%Sep 23, 20097Oct 1, 20098Oct 13, 200915

Volatility

Volatility Chart

The current ProShares Ultra Euro volatility is 2.56%, 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
2.56%
2.99%
ULE (ProShares Ultra Euro)
Benchmark (^GSPC)