EET vs. VWO
Compare and contrast key facts about ProShares Ultra MSCI Emerging Markets (EET) and Vanguard FTSE Emerging Markets ETF (VWO).
EET and VWO 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. VWO is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Index. It was launched on Mar 4, 2005. Both EET and VWO 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 VWO.
Key characteristics
| EET | VWO | |
|---|---|---|
| YTD Return | 14.50% | 14.73% |
| 1Y Return | 31.03% | 23.16% |
| 3Y Return (Ann) | -13.40% | 0.04% |
| 5Y Return (Ann) | -4.12% | 4.74% |
| 10Y Return (Ann) | -1.88% | 3.93% |
| Sharpe Ratio | 0.90 | 1.48 |
| Sortino Ratio | 1.40 | 2.13 |
| Omega Ratio | 1.17 | 1.27 |
| Calmar Ratio | 0.46 | 0.88 |
| Martin Ratio | 4.48 | 8.41 |
| Ulcer Index | 6.35% | 2.62% |
| Daily Std Dev | 31.61% | 14.87% |
| Max Drawdown | -71.66% | -67.68% |
| Current Drawdown | -50.30% | -7.65% |
Correlation
The correlation between EET and VWO is 0.98, 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. VWO - Performance Comparison
The year-to-date returns for both investments are quite close, with EET having a 14.50% return and VWO slightly higher at 14.73%. Over the past 10 years, EET has underperformed VWO with an annualized return of -1.88%, while VWO has yielded a comparatively higher 3.93% 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. VWO - Expense Ratio Comparison
EET has a 0.95% expense ratio, which is higher than VWO's 0.08% expense ratio.
Risk-Adjusted Performance
EET vs. VWO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Emerging Markets (EET) and Vanguard FTSE Emerging Markets ETF (VWO). 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. VWO - Dividend Comparison
EET's dividend yield for the trailing twelve months is around 2.81%, more than VWO's 2.58% 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% |
VWO Vanguard FTSE Emerging Markets ETF | 2.58% | 3.52% | 4.11% | 2.63% | 1.91% | 3.24% | 2.88% | 2.30% | 2.52% | 3.26% | 2.86% | 2.73% |
Drawdowns
EET vs. VWO - Drawdown Comparison
The maximum EET drawdown since its inception was -71.66%, which is greater than VWO's maximum drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for EET and VWO. For additional features, visit the drawdowns tool.
Volatility
EET vs. VWO - Volatility Comparison
ProShares Ultra MSCI Emerging Markets (EET) has a higher volatility of 10.37% compared to Vanguard FTSE Emerging Markets ETF (VWO) at 4.90%. This indicates that EET's price experiences larger fluctuations and is considered to be riskier than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.