EEV vs. PST

Last updated Jun 4, 2026

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 -24.13%/yr vs 2.47%/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

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort MSCI Emerging Markets (EEV) and ProShares UltraShort 7-10 Year Treasury (PST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EEV achieves a -42.06% return, which is significantly lower than PST's 4.57% return. Over the past 10 years, EEV has underperformed PST with an annualized return of -24.13%, while PST has yielded a comparatively higher 2.47% annualized return.

EEV

• 1D: 2.35%
• 1M: -17.39%
• YTD: -42.06%
• 6M: -44.23%
• 1Y: -60.04%
• 3Y*: -34.25%
• 5Y*: -15.62%
• 10Y*: -24.13%

PST

• 1D: 0.51%
• 1M: 0.80%
• YTD: 4.57%
• 6M: 6.73%
• 1Y: 1.08%
• 3Y*: 5.59%
• 5Y*: 9.21%
• 10Y*: 2.47%

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

EEV vs. PST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EEV ProShares UltraShort MSCI Emerging Markets	-42.06%	-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	4.57%	-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 2, 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.

EEV vs. PST - Sectors Allocation Comparison

Sectors	EEV	PST
Technology	43.6%	-
Financial Services	17.5%	69.6%
Consumer Cyclical	8.1%	-
Industrials	6.2%	-
Basic Materials	6.1%	-
Communication Services	5.7%	-
Energy	3.3%	-
Consumer Defensive	2.7%	-
Healthcare	2.5%	-
Utilities	2.0%	-
Real Estate	0.9%	-

Return for Risk

EEV vs. PST — 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

PST

PST Risk / Return Rank: 10
PST Sharpe Ratio Rank: 10
PST Sortino Ratio Rank: 9
PST Omega Ratio Rank: 9
PST Calmar Ratio Rank: 10
PST Martin Ratio Rank: 10

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. 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.

	EEV	PST	Difference
Sharpe ratio Return per unit of total volatility	-1.49	0.11	-1.60
Sortino ratio Return per unit of downside risk	-2.69	0.23	-2.92
Omega ratio Gain probability vs. loss probability	0.69	1.03	-0.34
Calmar ratio Return relative to maximum drawdown	-1.01	0.15	-1.16
Martin ratio Return relative to average drawdown	-1.85	0.26	-2.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EEV vs. PST - Sharpe Ratio Comparison

The current EEV Sharpe Ratio is -1.49, which is lower than the PST Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of EEV and PST, 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

	EEV	PST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.49	0.11	-1.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.41	0.59	-1.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.59	0.19	-0.77
Sharpe Ratio (All Time) Calculated using the full available price history	-0.48	-0.37	-0.10

Drawdowns

EEV vs. PST - Drawdown Comparison

The maximum EEV drawdown since its inception was -99.87%, 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.

Drawdown Indicators

	EEV	PST	Difference
Max Drawdown Largest peak-to-trough decline	-99.87%	-79.25%	-20.62%
Max Drawdown (1Y) Largest decline over 1 year	-59.83%	-7.25%	-52.58%
Max Drawdown (3Y) Largest decline over 3 years	-76.45%	-16.19%	-60.26%
Max Drawdown (5Y) Largest decline over 5 years	-80.25%	-16.19%	-64.06%
Max Drawdown (10Y) Largest decline over 10 years	-94.21%	-36.07%	-58.14%
Current Drawdown Current decline from peak	-99.87%	-64.13%	-35.74%
Average Drawdown Average peak-to-trough decline	-93.00%	-61.48%	-31.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.15%	4.16%	+29.99%

Volatility

EEV vs. PST - Volatility Comparison

ProShares UltraShort MSCI Emerging Markets (EEV) has a higher volatility of 17.59% compared to ProShares UltraShort 7-10 Year Treasury (PST) at 3.19%. 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.

Volatility by Period

	EEV	PST	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.59%	3.19%	+14.40%
Volatility (6M) Calculated over the trailing 6-month period	35.59%	6.75%	+28.84%
Volatility (1Y) Calculated over the trailing 1-year period	40.37%	9.62%	+30.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.25%	15.60%	+22.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.13%	13.32%	+27.81%

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 7.46%, more than PST's 3.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EEV ProShares UltraShort MSCI Emerging Markets	7.46%	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

Can I hold both EEV and PST in my portfolio?

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.

Which is riskier, EEV or PST?

EEV has higher volatility (17.59%) compared to PST (3.19%). In terms of maximum drawdown, EEV dropped -99.87% vs PST's -79.25%.

Which ETF is better, EEV or PST?

On 10-year performance, PST leads with 2.47% vs -24.13% for EEV. Both ETFs have the same 0.95% expense ratio. On volatility, PST has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EEV or PST?

Over the 10-year period, PST has performed better with a 2.47% return vs -24.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EEV or PST?

EEV and PST have the same expense ratio: 0.95% per year.

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

EEV has the higher dividend yield at 7.46%, compared with 3.08% for PST.

What is the main difference between EEV and 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.

Which has better risk-adjusted returns?

PST currently has the higher Sharpe Ratio (0.11 vs -1.49), 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.