EET vs. USD
EET (ProShares Ultra MSCI Emerging Markets) and USD (ProShares Ultra Semiconductors) are both Leveraged Equities funds from ProShares - EET tracks the MSCI Emerging Markets Index (200%) while USD tracks the Dow Jones U.S. Semiconductors Index (200%). Both are passively managed. Over the past 10 years, EET returned 8.25%/yr vs 58.18%/yr for USD. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.
Performance
EET vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, EET achieves a 34.00% return, which is significantly lower than USD's 81.18% return. Over the past 10 years, EET has underperformed USD with an annualized return of 8.25%, while USD has yielded a comparatively higher 58.18% annualized return.
EET
- 1D
- 3.47%
- 1M
- -6.57%
- 6M
- 21.73%
- YTD
- 34.00%
- 1Y
- 70.14%
- 3Y*
- 28.92%
- 5Y*
- 2.56%
- 10Y*
- 8.25%
USD
- 1D
- 6.38%
- 1M
- -3.04%
- 6M
- 68.72%
- YTD
- 81.18%
- 1Y
- 145.11%
- 3Y*
- 104.08%
- 5Y*
- 63.45%
- 10Y*
- 58.18%
EET vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EET ProShares Ultra MSCI Emerging Markets | 34.00% | 63.14% | 2.88% | 7.06% | -43.07% | -10.93% | 18.92% | 31.87% | -33.84% | 82.41% |
USD ProShares Ultra Semiconductors | 81.18% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
Correlation
The correlation between EET and USD is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2009 | 0.61 |
The correlation between EET and USD shifts across timeframes, from 0.60 (3 years) to 0.72 (1 year), reflecting how their relationship changes across market environments.
EET vs. USD - Sectors Allocation Comparison
Sectors
EET
USD
Financial Services
Basic Materials
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-
Communication Services
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-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Energy
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
Utilities
-
-
Financial Services
EET
USD
Basic Materials
EET
-
USD
-
Communication Services
EET
-
USD
-
Consumer Cyclical
EET
-
USD
-
Consumer Defensive
EET
-
USD
-
Energy
EET
-
USD
Healthcare
EET
-
USD
-
Industrials
EET
-
USD
-
Real Estate
EET
-
USD
-
Technology
EET
-
USD
Utilities
EET
-
USD
-
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Return for Risk
EET vs. USD — Risk / Return Rank
EET
USD
EET vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Emerging Markets (EET) and ProShares Ultra Semiconductors (USD). 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.
| EET | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 4.59 | -1.92 |
| Martin ratioReturn relative to average drawdown | 8.66 | 11.97 | -3.32 |
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Drawdowns
EET vs. USD - Drawdown Comparison
The maximum EET drawdown since its inception was -71.66%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for EET and USD.
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Drawdown Indicators
| EET | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.66% | -88.63% | +16.97% |
Max Drawdown (1Y)Largest decline over 1 year | -26.38% | -31.80% | +5.42% |
Max Drawdown (3Y)Largest decline over 3 years | -34.89% | -64.46% | +29.57% |
Max Drawdown (5Y)Largest decline over 5 years | -61.82% | -77.85% | +16.03% |
Max Drawdown (10Y)Largest decline over 10 years | -69.07% | -77.85% | +8.78% |
Current DrawdownCurrent decline from peak | -15.85% | -16.30% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -37.09% | -32.25% | -4.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.13% | 12.17% | -4.04% |
Volatility
EET vs. USD - Volatility Comparison
The current volatility for ProShares Ultra MSCI Emerging Markets (EET) is 21.61%, while ProShares Ultra Semiconductors (USD) has a volatility of 31.36%. This indicates that EET experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EET | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.61% | 31.36% | -9.75% |
Volatility (6M)Calculated over the trailing 6-month period | 43.43% | 57.84% | -14.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.09% | 70.75% | -23.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.46% | 78.26% | -38.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.07% | 70.08% | -29.01% |
EET vs. USD - Expense Ratio Comparison
Both EET and USD have an expense ratio of 0.95%.
Dividends
EET vs. USD - Dividend Comparison
EET's dividend yield for the trailing twelve months is around 1.49%, more than USD's 0.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EET ProShares Ultra MSCI Emerging Markets | 1.49% | 1.82% | 3.85% | 2.14% | 0.00% | 0.00% | 0.01% | 1.40% | 0.16% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.32% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
EET and USD have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (31.36%) compared to EET (21.61%). In terms of maximum drawdown, EET dropped -71.66% vs USD's -88.63%.
On 10-year performance, USD leads with 58.18% vs 8.25% for EET. Both ETFs have the same 0.95% expense ratio. On volatility, EET has been the lower-risk option at 21.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USD has performed better with a 58.18% return vs 8.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EET and USD have the same expense ratio: 0.95% per year.
EET has the higher dividend yield at 1.49%, compared with 0.32% for USD.
EET tracks MSCI Emerging Markets Index (200%), while USD tracks Dow Jones U.S. Semiconductors Index (200%).
USD currently has the higher Sharpe Ratio (2.06 vs 1.50), 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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