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EET vs. FNDE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EET vs. FNDE

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares Ultra MSCI Emerging Markets (EET) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE).

EET and FNDE 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. FNDE is a passively managed fund by Charles Schwab that tracks the performance of the Russell Fundamental Emerging Markets Large Company Index. It was launched on Aug 15, 2013. Both EET and FNDE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EET vs. FNDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra MSCI Emerging Markets (EET) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE). The values are adjusted to include any dividend payments, if applicable.

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EET vs. FNDE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EET
ProShares Ultra MSCI Emerging Markets		5.67%63.14%2.88%7.06%-43.07%-10.93%18.92%31.87%-33.84%82.41%
FNDE
Schwab Fundamental Emerging Markets Large Company Index ETF		5.77%29.46%12.10%14.99%-15.58%14.41%-2.77%19.75%-10.37%26.77%

Returns By Period

The year-to-date returns for both investments are quite close, with EET having a 5.67% return and FNDE slightly higher at 5.77%. Over the past 10 years, EET has underperformed FNDE with an annualized return of 6.62%, while FNDE has yielded a comparatively higher 10.20% annualized return.

EET

1D
1.30%
1M
-14.98%
YTD
5.67%
6M
10.13%
1Y
60.53%
3Y*
21.80%
5Y*
-2.13%
10Y*
6.62%

FNDE

1D
-0.31%
1M
-4.39%
YTD
5.77%
6M
8.85%
1Y
28.73%
3Y*
18.86%
5Y*
9.45%
10Y*
10.20%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares Ultra MSCI Emerging Markets

Schwab Fundamental Emerging Markets Large Company Index ETF

Often compared with EET:
EET vs. EFOEET vs. EDCEET vs. XPPEET vs. EEMEET vs. QQQEET vs. EEMAEET vs. VWO
Often compared with FNDE:
FNDE vs. SCHEFNDE vs. VWOFNDE vs. AVEMFNDE vs. AVESFNDE vs. DEMFNDE vs. DFEVXFNDE vs. SCHF

EET vs. FNDE - Expense Ratio Comparison

EET has a 0.95% expense ratio, which is higher than FNDE's 0.39% expense ratio.

EET
ProShares Ultra MSCI Emerging Markets
FNDE
Schwab Fundamental Emerging Markets Large Company Index ETF

Return for Risk

EET vs. FNDE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EET
EET Risk / Return Rank: 7777
Overall Rank
EET Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
EET Sortino Ratio Rank: 7777
Sortino Ratio Rank
EET Omega Ratio Rank: 7474
Omega Ratio Rank
EET Calmar Ratio Rank: 7979
Calmar Ratio Rank
EET Martin Ratio Rank: 7676
Martin Ratio Rank
FNDE
FNDE Risk / Return Rank: 8181
Overall Rank
FNDE Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
FNDE Sortino Ratio Rank: 8282
Sortino Ratio Rank
FNDE Omega Ratio Rank: 8383
Omega Ratio Rank
FNDE Calmar Ratio Rank: 7777
Calmar Ratio Rank
FNDE Martin Ratio Rank: 8282
Martin Ratio Rank
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. FNDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Emerging Markets (EET) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE). 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.

EETFNDEDifference

Sharpe ratio

Return per unit of total volatility

1.51

1.62

-0.11

Sortino ratio

Return per unit of downside risk

2.02

2.19

-0.18

Omega ratio

Gain probability vs. loss probability

1.29

1.33

-0.04

Calmar ratio

Return relative to maximum drawdown

2.33

2.12

+0.20

Martin ratio

Return relative to average drawdown

8.54

9.45

-0.91

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. FNDE - Sharpe Ratio Comparison

The current EET Sharpe Ratio is 1.51, which is comparable to the FNDE Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of EET and FNDE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

EETFNDEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.51

1.62

-0.11

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.06

0.56

-0.62

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.17

0.53

-0.36

Sharpe Ratio (All Time)

Calculated using the full available price history

0.07

0.34

-0.27

Correlation

The correlation between EET and FNDE is 0.93, 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.

Dividends

EET vs. FNDE - Dividend Comparison

EET's dividend yield for the trailing twelve months is around 1.79%, less than FNDE's 3.96% yield.

TTM20252024202320222021202020192018201720162015
EET
ProShares Ultra MSCI Emerging Markets		1.79%1.82%3.85%2.14%0.00%0.00%0.01%1.40%0.16%0.00%0.00%0.00%
FNDE
Schwab Fundamental Emerging Markets Large Company Index ETF		3.96%4.19%4.82%4.74%5.59%4.32%2.50%3.47%2.98%2.05%1.65%2.02%

Drawdowns

EET vs. FNDE - Drawdown Comparison

The maximum EET drawdown since its inception was -71.66%, which is greater than FNDE's maximum drawdown of -43.55%. Use the drawdown chart below to compare losses from any high point for EET and FNDE.

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Drawdown Indicators

EETFNDEDifference

Max Drawdown

Largest peak-to-trough decline

-71.66%

-43.55%

-28.11%

Max Drawdown (1Y)

Largest decline over 1 year

-26.38%

-13.67%

-12.71%

Max Drawdown (5Y)

Largest decline over 5 years

-64.98%

-29.44%

-35.54%

Max Drawdown (10Y)

Largest decline over 10 years

-69.07%

-39.93%

-29.14%

Current Drawdown

Current decline from peak

-23.02%

-6.70%

-16.32%

Average Drawdown

Average peak-to-trough decline

-37.57%

-11.84%

-25.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.19%

3.09%

+4.10%

Volatility

EET vs. FNDE - Volatility Comparison

ProShares Ultra MSCI Emerging Markets (EET) has a higher volatility of 19.08% compared to Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) at 6.91%. This indicates that EET's price experiences larger fluctuations and is considered to be riskier than FNDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EETFNDEDifference

Volatility (1M)

Calculated over the trailing 1-month period

19.08%

6.91%

+12.17%

Volatility (6M)

Calculated over the trailing 6-month period

30.39%

11.93%

+18.46%

Volatility (1Y)

Calculated over the trailing 1-year period

40.29%

17.79%

+22.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.90%

16.87%

+20.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

40.26%

19.41%

+20.85%