5CH6.DE vs. EUO

Last updated Jun 4, 2026

5CH6.DE (WisdomTree Short USD Long EUR 5x Daily EUR) and EUO (ProShares UltraShort Euro) are both Leveraged Currency funds - 5CH6.DE tracks the MSFXSM 5X Short US Dollar/Euro Total Return Index while EUO tracks the USD/EUR Exchange Rate (-200%). Both are passively managed. Over the past 10 years, 5CH6.DE returned -16.12%/yr vs 2.24%/yr for EUO. At a correlation of -0.78, they often move in opposite directions. 5CH6.DE charges 0.98%/yr vs 0.99%/yr for EUO.

Performance

5CH6.DE vs. EUO - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in WisdomTree Short USD Long EUR 5x Daily EUR (5CH6.DE) and ProShares UltraShort Euro (EUO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

5CH6.DE is traded in EUR, while EUO is traded in USD. To make them comparable, the EUO values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, 5CH6.DE achieves a -11.74% return, which is significantly lower than EUO's 5.80% return. Over the past 10 years, 5CH6.DE has underperformed EUO with an annualized return of -16.12%, while EUO has yielded a comparatively higher 2.24% annualized return.

5CH6.DE

• 1D: -1.23%
• 1M: -4.56%
• YTD: -11.74%
• 6M: -9.03%
• 1Y: -5.83%
• 3Y*: -2.16%
• 5Y*: -19.76%
• 10Y*: -16.12%

EUO

• 1D: 0.72%
• 1M: 2.82%
• YTD: 5.80%
• 6M: 3.98%
• 1Y: -0.99%
• 3Y*: -3.17%
• 5Y*: 6.53%
• 10Y*: 2.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

5CH6.DE vs. EUO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
5CH6.DE WisdomTree Short USD Long EUR 5x Daily EUR	-11.74%	48.13%	-32.59%	1.09%	-44.21%	-39.39%	30.48%	-27.67%	-37.38%	57.73%
EUO ProShares UltraShort Euro	5.80%	-28.50%	27.70%	-3.99%	20.94%	23.42%	-22.90%	13.01%	19.76%	-31.33%

Correlation

The correlation between 5CH6.DE and EUO is -0.82, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.82
Correlation (3Y) Calculated over the trailing 3-year period	-0.80
Correlation (5Y) Calculated over the trailing 5-year period	-0.78
Correlation (10Y) Calculated over the trailing 10-year period	-0.78
Correlation (All Time) Calculated using the full available price history since Sep 29, 2014	-0.78

The correlation between 5CH6.DE and EUO has been stable across timeframes, ranging from -0.82 to -0.78 - a consistent structural relationship.

Return for Risk

5CH6.DE vs. EUO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

5CH6.DE

5CH6.DE Risk / Return Rank: 7
5CH6.DE Sharpe Ratio Rank: 7
5CH6.DE Sortino Ratio Rank: 7
5CH6.DE Omega Ratio Rank: 7
5CH6.DE Calmar Ratio Rank: 7
5CH6.DE Martin Ratio Rank: 7

EUO

EUO Risk / Return Rank: 9
EUO Sharpe Ratio Rank: 10
EUO Sortino Ratio Rank: 9
EUO Omega Ratio Rank: 9
EUO Calmar Ratio Rank: 10
EUO Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

5CH6.DE vs. EUO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Short USD Long EUR 5x Daily EUR (5CH6.DE) and ProShares UltraShort Euro (EUO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	5CH6.DE	EUO	Difference
Sharpe ratio Return per unit of total volatility	-0.19	-0.05	-0.14
Sortino ratio Return per unit of downside risk	-0.07	0.06	-0.12
Omega ratio Gain probability vs. loss probability	0.99	1.01	-0.01
Calmar ratio Return relative to maximum drawdown	-0.25	-0.08	-0.17
Martin ratio Return relative to average drawdown	-0.48	-0.17	-0.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

5CH6.DE vs. EUO - Sharpe Ratio Comparison

The current 5CH6.DE Sharpe Ratio is -0.19, which is lower than the EUO Sharpe Ratio of -0.05. The chart below compares the historical Sharpe Ratios of 5CH6.DE and EUO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	5CH6.DE	EUO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.19	-0.05	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.49	0.28	-0.78
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.44	0.10	-0.54
Sharpe Ratio (All Time) Calculated using the full available price history	-0.51	0.06	-0.58

Drawdowns

5CH6.DE vs. EUO - Drawdown Comparison

The maximum 5CH6.DE drawdown since its inception was -95.83%, which is greater than EUO's maximum drawdown of -50.60%. Use the drawdown chart below to compare losses from any high point for 5CH6.DE and EUO.

Drawdown Indicators

	5CH6.DE	EUO	Difference
Max Drawdown Largest peak-to-trough decline	-95.83%	-50.60%	-45.23%
Max Drawdown (1Y) Largest decline over 1 year	-23.57%	-12.53%	-11.04%
Max Drawdown (3Y) Largest decline over 3 years	-48.64%	-35.75%	-12.89%
Max Drawdown (5Y) Largest decline over 5 years	-79.13%	-40.46%	-38.67%
Max Drawdown (10Y) Largest decline over 10 years	-90.59%	-41.53%	-49.06%
Current Drawdown Current decline from peak	-93.43%	-32.57%	-60.86%
Average Drawdown Average peak-to-trough decline	-79.77%	-25.50%	-54.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.10%	5.88%	+6.22%

Volatility

5CH6.DE vs. EUO - Volatility Comparison

WisdomTree Short USD Long EUR 5x Daily EUR (5CH6.DE) has a higher volatility of 6.67% compared to ProShares UltraShort Euro (EUO) at 3.66%. This indicates that 5CH6.DE's price experiences larger fluctuations and is considered to be riskier than EUO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	5CH6.DE	EUO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.67%	3.66%	+3.01%
Volatility (6M) Calculated over the trailing 6-month period	20.37%	12.89%	+7.48%
Volatility (1Y) Calculated over the trailing 1-year period	30.36%	18.79%	+11.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.85%	23.08%	+16.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.91%	22.13%	+14.78%

5CH6.DE vs. EUO - Expense Ratio Comparison

5CH6.DE has a 0.98% expense ratio, which is lower than EUO's 0.99% expense ratio.

Dividends

5CH6.DE vs. EUO - Dividend Comparison

Neither 5CH6.DE nor EUO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both 5CH6.DE and EUO in my portfolio?

5CH6.DE and EUO have a correlation of -0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 5CH6.DE or EUO?

On fees, 5CH6.DE is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 5CH6.DE or EUO?

5CH6.DE is cheaper with a 0.98% expense ratio, compared with 0.99% for EUO.

What is the main difference between 5CH6.DE and EUO?

5CH6.DE tracks MSFXSM 5X Short US Dollar/Euro Total Return Index, while EUO tracks USD/EUR Exchange Rate (-200%). They also come from different issuers: WisdomTree and ProShares. Their fees differ too: 0.98% for 5CH6.DE and 0.99% for EUO.