ProShares Ultra Euro (ULE)
ULE is a passive ETF by ProShares tracking the investment results of the USD/EUR Exchange Rate (-200%). ULE launched on Nov 25, 2008 and has a 0.95% expense ratio.
ETF Info
| ISIN | US74347W8745 |
|---|---|
| CUSIP | 74347W874 |
| Issuer | ProShares |
| Inception Date | Nov 25, 2008 |
| Region | Developed Europe (Broad) |
| Category | Leveraged Currency, Leveraged |
| Leveraged | 2x |
| Index Tracked | USD/EUR Exchange Rate (-200%) |
| Home Page | www.proshares.com |
| Asset Class | Currency |
Expense Ratio
The ProShares Ultra Euro has a high expense ratio of 0.95%, indicating higher-than-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.
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.
Returns By Period
ProShares Ultra Euro had a return of -5.66% year-to-date (YTD) and -5.10% in the last 12 months. Over the past 10 years, ProShares Ultra Euro had an annualized return of -8.28%, while the S&P 500 had an annualized return of 10.55%, indicating that ProShares Ultra Euro did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -5.66% | 6.33% |
| 1 month | -2.27% | -2.81% |
| 6 months | 2.85% | 21.13% |
| 1 year | -5.10% | 24.56% |
| 5 years (annualized) | -4.52% | 11.55% |
| 10 years (annualized) | -8.28% | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -4.14% | 0.18% | -0.44% | |||||||||
| 2023 | -5.16% | 0.46% | 5.69% | 2.78% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
ProShares Ultra Euro(ULE)
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.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 66.86%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -72.74% | Nov 27, 2009 | 3142 | Sep 27, 2022 | — | — | — |
| -24.68% | Dec 18, 2008 | 52 | Mar 5, 2009 | 130 | Sep 9, 2009 | 182 |
| -5.72% | Nov 26, 2008 | 3 | Dec 1, 2008 | 7 | Dec 10, 2008 | 10 |
| -4.46% | Oct 23, 2009 | 8 | Nov 3, 2009 | 16 | Nov 25, 2009 | 24 |
| -3.68% | Sep 23, 2009 | 7 | Oct 1, 2009 | 8 | Oct 13, 2009 | 15 |
Volatility
Volatility Chart
The current ProShares Ultra Euro volatility is 3.64%, 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.