EEV vs. FUTG

Last updated Jun 5, 2026

EEV (ProShares UltraShort MSCI Emerging Markets) and FUTG (Leverage Shares 2X Long FUTU Daily ETF) are both Leveraged Equities funds. EEV is passively managed, while FUTG is actively managed. At a correlation of -0.56, they often move in opposite directions. EEV charges 0.95%/yr vs 0.75%/yr for FUTG.

Performance

EEV vs. FUTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort MSCI Emerging Markets (EEV) and Leverage Shares 2X Long FUTU Daily ETF (FUTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EEV achieves a -40.73% return, which is significantly higher than FUTG's -75.86% return.

EEV

• 1D: 2.29%
• 1M: -11.85%
• YTD: -40.73%
• 6M: -43.04%
• 1Y: -57.95%
• 3Y*: -33.83%
• 5Y*: -15.23%
• 10Y*: -23.80%

FUTG

• 1D: -1.36%
• 1M: -71.11%
• YTD: -75.86%
• 6M: -77.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EEV vs. FUTG - Yearly Performance Comparison

	2026 (YTD)	2025
EEV ProShares UltraShort MSCI Emerging Markets	-40.73%	-7.77%
FUTG Leverage Shares 2X Long FUTU Daily ETF	-75.86%	-0.80%

Correlation

The correlation between EEV and FUTG is -0.56, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025	-0.56

Return for Risk

EEV vs. FUTG — Risk / Return Rank

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

EEV

EEV Risk / Return Rank: 0
EEV Sharpe Ratio Rank: 0
EEV Sortino Ratio Rank: 0
EEV Omega Ratio Rank: 0
EEV Calmar Ratio Rank: 0
EEV Martin Ratio Rank: 0

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.

EEV vs. FUTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI Emerging Markets (EEV) and Leverage Shares 2X Long FUTU Daily ETF (FUTG). 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.

	EEV	FUTG	Difference
Sharpe ratio: Return per unit of total volatility	-1.44	—	—
Sortino ratio: Return per unit of downside risk	-2.54	—	—
Omega ratio: Gain probability vs. loss probability	0.71	—	—
Calmar ratio: Return relative to maximum drawdown	-0.97	—	—
Martin ratio: Return relative to average drawdown	-1.79	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EEV	FUTG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.44	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.40	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.47	-0.66	+0.19

Drawdowns

EEV vs. FUTG - Drawdown Comparison

The maximum EEV drawdown since its inception was -99.87%, which is greater than FUTG's maximum drawdown of -86.19%. Use the drawdown chart below to compare losses from any high point for EEV and FUTG.

Drawdown Indicators

	EEV	FUTG	Difference
Max Drawdown Largest peak-to-trough decline	-99.87%	-86.19%	-13.68%
Max Drawdown (1Y) Largest decline over 1 year	-59.59%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-76.45%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-80.25%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-94.21%	—	—
Current Drawdown Current decline from peak	-99.87%	-84.51%	-15.36%
Average Drawdown Average peak-to-trough decline	-93.00%	-40.62%	-52.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.75%	—	—

Volatility

Volatility by Period

	EEV	FUTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	35.69%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	40.46%	135.59%	-95.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.25%	135.59%	-97.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.13%	135.59%	-94.46%

EEV vs. FUTG - Expense Ratio Comparison

EEV has a 0.95% expense ratio, which is higher than FUTG's 0.75% expense ratio.

Dividends

EEV vs. FUTG - Dividend Comparison

EEV's dividend yield for the trailing twelve months is around 7.30%, while FUTG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EEV ProShares UltraShort MSCI Emerging Markets	7.30%	5.40%	4.45%	3.45%	0.27%	0.00%	0.14%	1.34%	0.38%
FUTG Leverage Shares 2X Long FUTU Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EEV and FUTG in my portfolio?

EEV and FUTG have a correlation of -0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EEV or FUTG?

On fees, FUTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EEV or FUTG?

FUTG is cheaper with a 0.75% expense ratio, compared with 0.95% for EEV.

Which ETF pays a higher dividend yield, EEV or FUTG?

EEV has the higher dividend yield at 7.30%, compared with 0.00% for FUTG.

What is the main difference between EEV and FUTG?

They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for EEV and 0.75% for FUTG.