EET vs. EEMA
Compare and contrast key facts about ProShares Ultra MSCI Emerging Markets (EET) and iShares MSCI Emerging Markets Asia ETF (EEMA).
EET and EEMA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EET is a passively managed fund by ProShares that tracks the performance of the MSCI Emerging Markets Index (200%). It was launched on Jun 2, 2009. EEMA is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Asia Index. It was launched on Feb 8, 2012. Both EET and EEMA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EET or EEMA.
Key characteristics
| EET | EEMA | |
|---|---|---|
| YTD Return | 14.50% | 15.80% |
| 1Y Return | 31.03% | 23.43% |
| 3Y Return (Ann) | -13.40% | -1.76% |
| 5Y Return (Ann) | -4.12% | 4.07% |
| 10Y Return (Ann) | -1.88% | 4.53% |
| Sharpe Ratio | 0.90 | 1.27 |
| Sortino Ratio | 1.40 | 1.87 |
| Omega Ratio | 1.17 | 1.23 |
| Calmar Ratio | 0.46 | 0.67 |
| Martin Ratio | 4.48 | 6.72 |
| Ulcer Index | 6.35% | 3.39% |
| Daily Std Dev | 31.61% | 17.86% |
| Max Drawdown | -71.66% | -44.19% |
| Current Drawdown | -50.30% | -18.25% |
Correlation
The correlation between EET and EEMA is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EET vs. EEMA - Performance Comparison
In the year-to-date period, EET achieves a 14.50% return, which is significantly lower than EEMA's 15.80% return. Over the past 10 years, EET has underperformed EEMA with an annualized return of -1.88%, while EEMA has yielded a comparatively higher 4.53% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EET vs. EEMA - Expense Ratio Comparison
EET has a 0.95% expense ratio, which is higher than EEMA's 0.50% expense ratio.
Risk-Adjusted Performance
EET vs. EEMA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Emerging Markets (EET) and iShares MSCI Emerging Markets Asia ETF (EEMA). 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.
Dividends
EET vs. EEMA - Dividend Comparison
EET's dividend yield for the trailing twelve months is around 2.81%, more than EEMA's 1.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EET ProShares Ultra MSCI Emerging Markets | 2.81% | 2.14% | 0.00% | 0.00% | 0.01% | 1.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EEMA iShares MSCI Emerging Markets Asia ETF | 1.86% | 2.25% | 1.78% | 2.19% | 1.15% | 1.86% | 2.17% | 1.73% | 1.74% | 2.44% | 1.33% | 2.42% |
Drawdowns
EET vs. EEMA - Drawdown Comparison
The maximum EET drawdown since its inception was -71.66%, which is greater than EEMA's maximum drawdown of -44.19%. Use the drawdown chart below to compare losses from any high point for EET and EEMA. For additional features, visit the drawdowns tool.
Volatility
EET vs. EEMA - Volatility Comparison
ProShares Ultra MSCI Emerging Markets (EET) has a higher volatility of 10.37% compared to iShares MSCI Emerging Markets Asia ETF (EEMA) at 6.03%. This indicates that EET's price experiences larger fluctuations and is considered to be riskier than EEMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.