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
US74347W8745
74347W874
Nov 25, 2008
Developed Europe (Broad)
2x
USD/EUR Exchange Rate (-200%)
Expense Ratio
ULE has a high expense ratio of 0.95%, 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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Returns By Period
ProShares Ultra Euro (ULE) returned 21.76% year-to-date (YTD) and 10.70% over the past 12 months. Over the past 10 years, ULE returned -2.57% annually, underperforming the S&P 500 benchmark at 10.99%.
ULE
21.76%
3.00%
18.33%
10.70%
2.97%
-1.43%
-2.57%
^GSPC (Benchmark)
0.92%
4.38%
-1.84%
12.48%
13.05%
13.71%
10.99%
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.03% | -0.29% | 9.21% | 9.93% | -0.24% | 1.92% | 21.76% | ||||||
| 2024 | -4.14% | 0.18% | -0.44% | -2.12% | 3.70% | -2.79% | 2.51% | 3.67% | 1.59% | -3.97% | -5.87% | -4.16% | -11.77% |
| 2023 | 2.75% | -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% |
| 2018 | 6.47% | -3.77% | 1.12% | -3.98% | -6.45% | -1.17% | 0.00% | -2.05% | -0.20% | -5.27% | -0.54% | 2.23% | -13.40% |
| 2017 | 4.33% | -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% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ULE is 45, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
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 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 62.27%.
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 chart below shows the rolling one-month volatility.
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