EET vs. BNDX

Last updated Jun 11, 2026

EET (ProShares Ultra MSCI Emerging Markets) and BNDX (Vanguard Total International Bond ETF) are both exchange-traded funds - EET is a Leveraged Equities fund tracking the MSCI Emerging Markets Index (200%), while BNDX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). Both are passively managed. Over the past 10 years, EET returned 9.47%/yr vs 1.64%/yr for BNDX. At a 0.03 correlation, their price movements are largely independent. EET charges 0.95%/yr vs 0.07%/yr for BNDX.

Performance

EET vs. BNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra MSCI Emerging Markets (EET) and Vanguard Total International Bond ETF (BNDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EET achieves a 31.08% return, which is significantly higher than BNDX's 0.27% return. Over the past 10 years, EET has outperformed BNDX with an annualized return of 9.47%, while BNDX has yielded a comparatively lower 1.64% annualized return.

EET

• 1D: -3.33%
• 1M: -10.92%
• YTD: 31.08%
• 6M: 32.45%
• 1Y: 73.61%
• 3Y*: 30.02%
• 5Y*: 1.12%
• 10Y*: 9.47%

BNDX

• 1D: -0.19%
• 1M: 0.07%
• YTD: 0.27%
• 6M: 0.38%
• 1Y: 1.38%
• 3Y*: 3.97%
• 5Y*: 0.17%
• 10Y*: 1.64%

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

EET vs. BNDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EET ProShares Ultra MSCI Emerging Markets	31.08%	63.14%	2.88%	7.06%	-43.07%	-10.93%	18.92%	31.87%	-33.84%	82.41%
BNDX Vanguard Total International Bond ETF	0.27%	2.86%	3.57%	8.77%	-12.76%	-2.29%	4.65%	7.87%	2.81%	2.40%

Correlation

The correlation between EET and BNDX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Jun 4, 2013	0.03

Over the past year, EET and BNDX have become more correlated (0.34) than their long-term average of 0.03, meaning their price movements have been converging.

EET vs. BNDX - Sectors Allocation Comparison

Sectors	EET	BNDX
Financial Services	51.3%	0.0%
Basic Materials	-	-
Communication Services	-	0.0%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	0.0%
Healthcare	-	0.0%
Industrials	-	0.0%
Real Estate	-	0.0%
Technology	-	-
Utilities	-	0.0%

Return for Risk

EET vs. BNDX — Risk / Return Rank

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

EET

EET Risk / Return Rank: 61
EET Sharpe Ratio Rank: 63
EET Sortino Ratio Rank: 53
EET Omega Ratio Rank: 61
EET Calmar Ratio Rank: 66
EET Martin Ratio Rank: 64

BNDX

BNDX Risk / Return Rank: 16
BNDX Sharpe Ratio Rank: 17
BNDX Sortino Ratio Rank: 15
BNDX Omega Ratio Rank: 15
BNDX Calmar Ratio Rank: 16
BNDX Martin Ratio Rank: 16

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.

EET vs. BNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Emerging Markets (EET) and Vanguard Total International Bond ETF (BNDX). 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.

	EET	BNDX	Difference
Sharpe ratio: Return per unit of total volatility	1.75	0.41	+1.35
Sortino ratio: Return per unit of downside risk	2.18	0.59	+1.59
Omega ratio: Gain probability vs. loss probability	1.31	1.07	+0.24
Calmar ratio: Return relative to maximum drawdown	2.80	0.47	+2.33
Martin ratio: Return relative to average drawdown	9.91	1.32	+8.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EET vs. BNDX - Sharpe Ratio Comparison

The current EET Sharpe Ratio is 1.75, which is higher than the BNDX Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of EET and BNDX, 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

	EET	BNDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.75	0.41	+1.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	0.03	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	0.40	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.59	-0.49

Drawdowns

EET vs. BNDX - Drawdown Comparison

The maximum EET drawdown since its inception was -71.66%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for EET and BNDX.

Drawdown Indicators

	EET	BNDX	Difference
Max Drawdown Largest peak-to-trough decline	-71.66%	-16.23%	-55.43%
Max Drawdown (1Y) Largest decline over 1 year	-26.38%	-2.93%	-23.45%
Max Drawdown (3Y) Largest decline over 3 years	-34.89%	-2.93%	-31.96%
Max Drawdown (5Y) Largest decline over 5 years	-64.51%	-15.86%	-48.65%
Max Drawdown (10Y) Largest decline over 10 years	-69.07%	-16.23%	-52.84%
Current Drawdown Current decline from peak	-17.10%	-1.76%	-15.34%
Average Drawdown Average peak-to-trough decline	-37.23%	-3.10%	-34.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.45%	1.05%	+6.40%

Volatility

EET vs. BNDX - Volatility Comparison

ProShares Ultra MSCI Emerging Markets (EET) has a higher volatility of 21.77% compared to Vanguard Total International Bond ETF (BNDX) at 1.44%. This indicates that EET's price experiences larger fluctuations and is considered to be riskier than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EET	BNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.77%	1.44%	+20.33%
Volatility (6M) Calculated over the trailing 6-month period	37.86%	2.90%	+34.96%
Volatility (1Y) Calculated over the trailing 1-year period	42.20%	3.42%	+38.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.31%	4.88%	+33.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.80%	4.09%	+36.71%

EET vs. BNDX - Expense Ratio Comparison

EET has a 0.95% expense ratio, which is higher than BNDX's 0.07% expense ratio.

Dividends

EET vs. BNDX - Dividend Comparison

EET's dividend yield for the trailing twelve months is around 1.44%, less than BNDX's 4.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BNDX Vanguard Total International Bond ETF	4.50%	4.39%	4.18%	4.42%	1.51%	3.74%	1.11%	3.40%	3.01%	2.23%	1.89%	1.63%
EET ProShares Ultra MSCI Emerging Markets	1.44%	1.82%	3.85%	2.14%	0.00%	0.00%	0.01%	1.40%	0.16%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EET and BNDX in my portfolio?

EET and BNDX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EET or BNDX?

EET has higher volatility (21.77%) compared to BNDX (1.44%). In terms of maximum drawdown, EET dropped -71.66% vs BNDX's -16.23%.

Which ETF is better, EET or BNDX?

On 10-year performance, EET leads with 9.47% vs 1.64% for BNDX. On fees, BNDX is cheaper at 0.07% per year. On volatility, BNDX has been the lower-risk option at 1.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EET or BNDX?

Over the 10-year period, EET has performed better with a 9.47% return vs 1.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EET or BNDX?

BNDX is cheaper with a 0.07% expense ratio, compared with 0.95% for EET.

Which ETF pays a higher dividend yield, EET or BNDX?

BNDX has the higher dividend yield at 4.50%, compared with 1.44% for EET.

What is the main difference between EET and BNDX?

EET is categorized as Leveraged Equities, while BNDX is Global Bonds. EET tracks MSCI Emerging Markets Index (200%), while BNDX tracks Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). They also come from different issuers: ProShares and Vanguard. Their fees differ too: 0.95% for EET and 0.07% for BNDX.

Which has better risk-adjusted returns?

EET currently has the higher Sharpe Ratio (1.75 vs 0.41), 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.