CGV vs. EUO
CGV (Conductor Global Equity Value ETF) and EUO (ProShares UltraShort Euro) are both exchange-traded funds - CGV is a Foreign Small & Mid Cap Equities fund actively managed by Conductor Fund, while EUO is a Leveraged Currency fund tracking the USD/EUR Exchange Rate (-200%). CGV is actively managed, while EUO is passively managed. Over the past 3 years, CGV returned 11.34%/yr vs 1.93%/yr for EUO. At a correlation of -0.51, they often move in opposite directions. CGV charges 1.25%/yr vs 0.99%/yr for EUO.
Performance
CGV vs. EUO - Performance Comparison
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Returns By Period
In the year-to-date period, CGV achieves a 7.53% return, which is significantly lower than EUO's 9.04% return.
CGV
- 1D
- -1.57%
- 1M
- -3.07%
- YTD
- 7.53%
- 6M
- 6.77%
- 1Y
- 21.28%
- 3Y*
- 11.34%
- 5Y*
- —
- 10Y*
- —
EUO
- 1D
- 0.82%
- 1M
- 4.61%
- YTD
- 9.04%
- 6M
- 9.78%
- 1Y
- 8.88%
- 3Y*
- 1.93%
- 5Y*
- 5.59%
- 10Y*
- 2.41%
CGV vs. EUO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CGV Conductor Global Equity Value ETF | 7.53% | 23.11% | -3.34% | 5.72% | 3.64% |
EUO ProShares UltraShort Euro | 9.04% | -18.87% | 19.79% | -1.02% | -7.97% |
Correlation
The correlation between CGV and EUO is -0.55, 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 | -0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.51 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2022 | -0.51 |
The correlation between CGV and EUO has been stable across timeframes, ranging from -0.55 to -0.51 - a consistent structural relationship.
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Return for Risk
CGV vs. EUO — Risk / Return Rank
CGV
EUO
CGV vs. EUO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Conductor Global Equity Value ETF (CGV) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CGV | EUO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.13 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.11 | +0.65 |
| Martin ratioReturn relative to average drawdown | 5.96 | 2.59 | +3.37 |
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Drawdowns
CGV vs. EUO - Drawdown Comparison
The maximum CGV drawdown since its inception was -16.64%, smaller than the maximum EUO drawdown of -38.58%. Use the drawdown chart below to compare losses from any high point for CGV and EUO.
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Drawdown Indicators
| CGV | EUO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.64% | -38.58% | +21.94% |
Max Drawdown (1Y)Largest decline over 1 year | -12.13% | -8.05% | -4.08% |
Max Drawdown (3Y)Largest decline over 3 years | -16.64% | -24.46% | +7.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.61% | — |
Current DrawdownCurrent decline from peak | -7.59% | -14.93% | +7.34% |
Average DrawdownAverage peak-to-trough decline | -3.67% | -18.50% | +14.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 3.45% | +0.13% |
Volatility
CGV vs. EUO - Volatility Comparison
Conductor Global Equity Value ETF (CGV) has a higher volatility of 5.95% compared to ProShares UltraShort Euro (EUO) at 3.28%. This indicates that CGV'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.
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Volatility by Period
| CGV | EUO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.95% | 3.28% | +2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 12.72% | 9.09% | +3.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.84% | 12.71% | +2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.68% | 15.56% | -1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.68% | 14.79% | -1.11% |
CGV vs. EUO - Expense Ratio Comparison
CGV has a 1.25% expense ratio, which is higher than EUO's 0.99% expense ratio.
Dividends
CGV vs. EUO - Dividend Comparison
CGV's dividend yield for the trailing twelve months is around 5.10%, while EUO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CGV Conductor Global Equity Value ETF | 5.10% | 4.58% | 2.87% | 4.56% | 0.71% |
EUO ProShares UltraShort Euro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CGV and EUO have a correlation of -0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGV has higher volatility (5.95%) compared to EUO (3.28%). In terms of maximum drawdown, CGV dropped -16.64% vs EUO's -38.58%.
On 3-year performance, CGV leads with 11.34% vs 1.93% for EUO. On fees, EUO is cheaper at 0.99% per year. On volatility, EUO has been the lower-risk option at 3.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CGV has performed better with a 11.34% return vs 1.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EUO is cheaper with a 0.99% expense ratio, compared with 1.25% for CGV.
CGV has the higher dividend yield at 5.10%, compared with 0.00% for EUO.
CGV is categorized as Foreign Small & Mid Cap Equities, while EUO is Leveraged Currency. They also come from different issuers: Conductor Fund and ProShares. Their fees differ too: 1.25% for CGV and 0.99% for EUO.
CGV currently has the higher Sharpe Ratio (1.44 vs 0.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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