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ProShares Ultra Euro (ULE)

ETF · Currency in USD · Last updated Aug 6, 2022

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

ISINUS74347W8745
CUSIP74347W874
IssuerProShares
Inception DateNov 25, 2008
RegionDeveloped Europe (Broad)
CategoryLeveraged Currency, Leveraged
Leveraged2x
Expense Ratio0.95%
Index TrackedUSD/EUR Exchange Rate (-200%)
ETF Home Pagewww.proshares.com
Asset ClassCurrency

Trading Data

Previous Close$10.43
Year Range$10.12 - $14.67
EMA (50)$10.83
EMA (200)$12.18
Average Volume$43.02K

ULEShare Price Chart


Chart placeholderClick Calculate to get results

ULEPerformance

The chart shows the growth of $10,000 invested in ProShares Ultra Euro in Jan 2010 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $3,407 for a total return of roughly -65.93%. All prices are adjusted for splits and dividends.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%MarchAprilMayJuneJulyAugust
-22.29%
-7.55%
ULE (ProShares Ultra Euro)
Benchmark (^GSPC)

ULEReturns in periods

Returns over 1 year are annualized

PeriodReturnBenchmark
1M-1.88%8.19%
6M-22.28%-7.42%
YTD-21.76%-13.03%
1Y-28.51%-5.85%
5Y-9.45%10.85%
10Y-7.26%10.73%

ULEMonthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2022-2.55%-0.92%-3.19%-9.15%3.27%-4.96%-5.31%-0.86%
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%
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%
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%
20186.47%-3.77%1.12%-3.98%-6.45%-1.17%0.00%-2.05%-0.20%-5.27%-0.54%2.23%
20174.33%-3.74%0.85%3.61%6.31%2.87%6.93%0.81%-1.89%-3.12%4.30%1.04%
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%
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%
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%
20135.81%-7.67%-3.54%5.06%-4.28%0.87%2.97%0.46%5.20%0.20%-0.00%2.49%
20121.84%3.75%-0.04%-1.71%-12.63%4.48%-5.79%4.18%4.41%1.17%0.68%3.01%
20114.45%1.44%5.47%9.34%-5.82%1.34%-1.79%0.10%-13.15%6.41%-6.08%-7.24%
2010-7.61%-3.71%-1.80%-3.10%-15.25%-0.91%13.56%-5.50%15.33%3.90%-12.97%6.20%

ULESharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current ProShares Ultra Euro Sharpe ratio is -1.74. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-2.00-1.000.001.00MarchAprilMayJuneJulyAugust
-1.74
-0.31
ULE (ProShares Ultra Euro)
Benchmark (^GSPC)

ULEDividend History


ProShares Ultra Euro doesn't pay dividends

ULEDrawdowns 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%SeptemberOctoberNovemberDecember2022FebruaryMarchAprilMayJuneJulyAugust
-67.23%
-13.58%
ULE (ProShares Ultra Euro)
Benchmark (^GSPC)

ULEWorst Drawdowns

The table below shows the maximum drawdowns of the ProShares Ultra Euro. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the ProShares Ultra Euro is 68.21%, recorded on Jul 14, 2022. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-68.21%May 3, 20112731Jul 14, 2022
-33.26%Jan 12, 2010101Jun 7, 2010225Apr 27, 2011326
-1.57%Jan 5, 20103Jan 7, 20102Jan 11, 20105

ULEVolatility Chart

Current ProShares Ultra Euro volatility is 22.83%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


10.00%15.00%20.00%25.00%30.00%35.00%40.00%MarchAprilMayJuneJulyAugust
22.83%
19.67%
ULE (ProShares Ultra Euro)
Benchmark (^GSPC)