EET vs. URTY

Last updated Jun 4, 2026

EET (ProShares Ultra MSCI Emerging Markets) and URTY (ProShares UltraPro Russell2000) are both Leveraged Equities funds from ProShares - EET tracks the MSCI Emerging Markets Index (200%) while URTY tracks the Russell 2000 Index (300%). Both are passively managed. Over the past 10 years, EET returned 11.03%/yr vs 7.72%/yr for URTY. A 0.64 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.

Performance

EET vs. URTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra MSCI Emerging Markets (EET) and ProShares UltraPro Russell2000 (URTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EET achieves a 54.14% return, which is significantly higher than URTY's 46.44% return. Over the past 10 years, EET has outperformed URTY with an annualized return of 11.03%, while URTY has yielded a comparatively lower 7.72% annualized return.

EET

• 1D: -2.52%
• 1M: 17.51%
• YTD: 54.14%
• 6M: 60.18%
• 1Y: 118.88%
• 3Y*: 38.53%
• 5Y*: 4.07%
• 10Y*: 11.03%

URTY

• 1D: -4.07%
• 1M: 9.06%
• YTD: 46.44%
• 6M: 40.44%
• 1Y: 117.82%
• 3Y*: 27.59%
• 5Y*: -6.71%
• 10Y*: 7.72%

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

EET vs. URTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EET ProShares Ultra MSCI Emerging Markets	54.14%	63.14%	2.88%	7.06%	-43.07%	-10.93%	18.92%	31.87%	-33.84%	82.41%
URTY ProShares UltraPro Russell2000	46.44%	9.26%	7.38%	24.43%	-62.81%	28.47%	-7.72%	72.37%	-39.59%	38.85%

Correlation

The correlation between EET and URTY is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since Feb 12, 2010	0.64

The correlation between EET and URTY has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.

EET vs. URTY - Sectors Allocation Comparison

Sectors	EET	URTY
Financial Services	51.5%	25.3%
Basic Materials	-	1.7%
Communication Services	-	0.8%
Consumer Cyclical	-	2.9%
Consumer Defensive	-	0.8%
Energy	-	2.4%
Healthcare	-	6.1%
Industrials	-	6.4%
Real Estate	-	2.2%
Technology	-	7.3%
Utilities	-	1.2%

Return for Risk

EET vs. URTY — Risk / Return Rank

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

EET

EET Risk / Return Rank: 81
EET Sharpe Ratio Rank: 88
EET Sortino Ratio Rank: 73
EET Omega Ratio Rank: 77
EET Calmar Ratio Rank: 84
EET Martin Ratio Rank: 82

URTY

URTY Risk / Return Rank: 59
URTY Sharpe Ratio Rank: 60
URTY Sortino Ratio Rank: 52
URTY Omega Ratio Rank: 47
URTY Calmar Ratio Rank: 72
URTY Martin Ratio Rank: 65

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. URTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Emerging Markets (EET) and ProShares UltraPro Russell2000 (URTY). 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	URTY	Difference
Sharpe ratio: Return per unit of total volatility	3.02	2.07	+0.94
Sortino ratio: Return per unit of downside risk	3.33	2.55	+0.77
Omega ratio: Gain probability vs. loss probability	1.46	1.30	+0.16
Calmar ratio: Return relative to maximum drawdown	4.53	3.64	+0.89
Martin ratio: Return relative to average drawdown	16.64	11.96	+4.68
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. URTY - Sharpe Ratio Comparison

The current EET Sharpe Ratio is 3.02, which is higher than the URTY Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of EET and URTY, 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	URTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.02	2.07	+0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	-0.10	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	0.11	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.20	-0.08

Drawdowns

EET vs. URTY - Drawdown Comparison

The maximum EET drawdown since its inception was -71.66%, smaller than the maximum URTY drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for EET and URTY.

Drawdown Indicators

	EET	URTY	Difference
Max Drawdown Largest peak-to-trough decline	-71.66%	-88.09%	+16.43%
Max Drawdown (1Y) Largest decline over 1 year	-26.38%	-32.56%	+6.18%
Max Drawdown (3Y) Largest decline over 3 years	-34.89%	-65.85%	+30.96%
Max Drawdown (5Y) Largest decline over 5 years	-64.88%	-82.76%	+17.88%
Max Drawdown (10Y) Largest decline over 10 years	-69.07%	-88.09%	+19.02%
Current Drawdown Current decline from peak	-2.52%	-39.71%	+37.19%
Average Drawdown Average peak-to-trough decline	-37.27%	-34.79%	-2.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.17%	9.89%	-2.72%

Volatility

EET vs. URTY - Volatility Comparison

ProShares Ultra MSCI Emerging Markets (EET) and ProShares UltraPro Russell2000 (URTY) have volatilities of 17.46% and 17.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EET	URTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.46%	17.18%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	34.52%	40.37%	-5.85%
Volatility (1Y) Calculated over the trailing 1-year period	39.66%	57.33%	-17.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.78%	67.43%	-29.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.60%	69.32%	-28.72%

EET vs. URTY - Expense Ratio Comparison

Both EET and URTY have an expense ratio of 0.95%.

Dividends

EET vs. URTY - Dividend Comparison

EET's dividend yield for the trailing twelve months is around 1.23%, more than URTY's 0.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EET ProShares Ultra MSCI Emerging Markets	1.23%	1.82%	3.85%	2.14%	0.00%	0.00%	0.01%	1.40%	0.16%	0.00%	0.00%
URTY ProShares UltraPro Russell2000	0.64%	1.02%	1.16%	0.55%	0.28%	0.00%	0.00%	0.18%	0.28%	0.00%	0.03%

Frequently Asked Questions

Can I hold both EET and URTY in my portfolio?

EET and URTY have a correlation of 0.64, 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 URTY?

EET has higher volatility (17.46%) compared to URTY (17.18%). In terms of maximum drawdown, EET dropped -71.66% vs URTY's -88.09%.

Which ETF is better, EET or URTY?

On 10-year performance, EET leads with 11.03% vs 7.72% for URTY. Both ETFs have the same 0.95% expense ratio. On volatility, URTY has been the lower-risk option at 17.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EET or URTY?

Over the 10-year period, EET has performed better with a 11.03% return vs 7.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EET or URTY?

EET and URTY have the same expense ratio: 0.95% per year.

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

EET has the higher dividend yield at 1.23%, compared with 0.64% for URTY.

What is the main difference between EET and URTY?

EET tracks MSCI Emerging Markets Index (200%), while URTY tracks Russell 2000 Index (300%).

Which has better risk-adjusted returns?

EET currently has the higher Sharpe Ratio (3.02 vs 2.07), 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.