EEV vs. PST
EEV (ProShares UltraShort MSCI Emerging Markets) and PST (ProShares UltraShort 7-10 Year Treasury) are both exchange-traded funds - EEV is a Leveraged Equities fund tracking the MSCI Emerging Markets Index (-200%), while PST is a Inverse Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index. Both are passively managed. Over the past 10 years, EEV returned -24.12%/yr vs 2.73%/yr for PST. At a correlation of -0.20, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
EEV vs. PST - Performance Comparison
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Returns By Period
In the year-to-date period, EEV achieves a -39.72% return, which is significantly lower than PST's 4.69% return. Over the past 10 years, EEV has underperformed PST with an annualized return of -24.12%, while PST has yielded a comparatively higher 2.73% annualized return.
EEV
- 1D
- 11.50%
- 1M
- -8.06%
- YTD
- -39.72%
- 6M
- -40.50%
- 1Y
- -56.22%
- 3Y*
- -33.55%
- 5Y*
- -15.31%
- 10Y*
- -24.12%
PST
- 1D
- -0.27%
- 1M
- -0.60%
- YTD
- 4.69%
- 6M
- 5.06%
- 1Y
- 3.06%
- 3Y*
- 5.23%
- 5Y*
- 9.44%
- 10Y*
- 2.73%
EEV vs. PST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EEV ProShares UltraShort MSCI Emerging Markets | -39.72% | -43.35% | -8.08% | -13.08% | 37.05% | -4.99% | -48.93% | -30.87% | 24.06% | -49.03% |
PST ProShares UltraShort 7-10 Year Treasury | 4.69% | -4.42% | 12.27% | 3.17% | 38.55% | 4.01% | -18.67% | -11.03% | 1.72% | -4.52% |
Correlation
The correlation between EEV and PST is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since May 1, 2008 | -0.20 |
The correlation between EEV and PST shifts across timeframes, from -0.20 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EEV vs. PST — Risk / Return Rank
EEV
PST
EEV vs. PST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI Emerging Markets (EEV) and ProShares UltraShort 7-10 Year Treasury (PST). 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.
| EEV | PST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.69 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.06 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 0.45 | -1.41 |
| Martin ratioReturn relative to average drawdown | -1.82 | 0.80 | -2.62 |
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Drawdowns
EEV vs. PST - Drawdown Comparison
The maximum EEV drawdown since its inception was -99.88%, which is greater than PST's maximum drawdown of -79.25%. Use the drawdown chart below to compare losses from any high point for EEV and PST.
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Drawdown Indicators
| EEV | PST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.88% | -79.25% | -20.63% |
Max Drawdown (1Y)Largest decline over 1 year | -58.68% | -6.90% | -51.78% |
Max Drawdown (3Y)Largest decline over 3 years | -77.51% | -16.19% | -61.32% |
Max Drawdown (5Y)Largest decline over 5 years | -81.14% | -16.19% | -64.95% |
Max Drawdown (10Y)Largest decline over 10 years | -94.47% | -36.07% | -58.40% |
Current DrawdownCurrent decline from peak | -99.87% | -64.08% | -35.79% |
Average DrawdownAverage peak-to-trough decline | -93.00% | -61.48% | -31.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.75% | 3.83% | +29.92% |
Volatility
EEV vs. PST - Volatility Comparison
ProShares UltraShort MSCI Emerging Markets (EEV) has a higher volatility of 24.52% compared to ProShares UltraShort 7-10 Year Treasury (PST) at 2.73%. This indicates that EEV's price experiences larger fluctuations and is considered to be riskier than PST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EEV | PST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.52% | 2.73% | +21.79% |
Volatility (6M)Calculated over the trailing 6-month period | 41.58% | 7.03% | +34.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.86% | 9.49% | +36.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.50% | 15.59% | +23.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.47% | 13.30% | +28.17% |
EEV vs. PST - Expense Ratio Comparison
Both EEV and PST have an expense ratio of 0.95%.
Dividends
EEV vs. PST - Dividend Comparison
EEV's dividend yield for the trailing twelve months is around 7.17%, more than PST's 3.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EEV ProShares UltraShort MSCI Emerging Markets | 7.17% | 5.40% | 4.45% | 3.45% | 0.27% | 0.00% | 0.14% | 1.34% | 0.38% |
PST ProShares UltraShort 7-10 Year Treasury | 3.08% | 3.47% | 3.61% | 3.69% | 0.02% | 0.00% | 0.11% | 1.85% | 0.66% |
Frequently Asked Questions
EEV and PST have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EEV has higher volatility (24.52%) compared to PST (2.73%). In terms of maximum drawdown, EEV dropped -99.88% vs PST's -79.25%.
On 10-year performance, PST leads with 2.73% vs -24.12% for EEV. Both ETFs have the same 0.95% expense ratio. On volatility, PST has been the lower-risk option at 2.73%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PST has performed better with a 2.73% return vs -24.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EEV and PST have the same expense ratio: 0.95% per year.
EEV has the higher dividend yield at 7.17%, compared with 3.08% for PST.
EEV is categorized as Leveraged Equities, while PST is Inverse Bonds. EEV tracks MSCI Emerging Markets Index (-200%), while PST tracks ICE U.S. Treasury 7-10 Year Bond Index.
PST currently has the higher Sharpe Ratio (0.32 vs -1.23), 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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