EEV vs. TSYX
EEV (ProShares UltraShort MSCI Emerging Markets) and TSYX (TSPY Lift ETF) are both Leveraged Equities funds. EEV is passively managed, while TSYX is actively managed. At a correlation of -0.77, they often move in opposite directions. EEV charges 0.95%/yr vs 0.98%/yr for TSYX.
Performance
EEV vs. TSYX - Performance Comparison
Loading charts...
Returns By Period
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%
TSYX
- 1D
- -0.16%
- 1M
- 6.87%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EEV vs. TSYX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
EEV ProShares UltraShort MSCI Emerging Markets | -37.47% |
TSYX TSPY Lift ETF | 8.70% |
Correlation
The correlation between EEV and TSYX is -0.77, 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 Jan 8, 2026 | -0.77 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EEV vs. TSYX — Risk / Return Rank
EEV
TSYX
EEV vs. TSYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI Emerging Markets (EEV) and TSPY Lift ETF (TSYX). 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 | TSYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.69 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | — | — |
| Martin ratioReturn relative to average drawdown | -1.85 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EEV | TSYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.49 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.41 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.48 | 1.28 | -1.75 |
Drawdowns
EEV vs. TSYX - Drawdown Comparison
The maximum EEV drawdown since its inception was -99.87%, which is greater than TSYX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for EEV and TSYX.
Loading charts...
Drawdown Indicators
| EEV | TSYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.87% | -13.39% | -86.48% |
Max Drawdown (1Y)Largest decline over 1 year | -59.83% | — | — |
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 DrawdownCurrent decline from peak | -99.87% | -0.16% | -99.71% |
Average DrawdownAverage peak-to-trough decline | -93.00% | -2.97% | -90.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.15% | — | — |
Volatility
EEV vs. TSYX - Volatility Comparison
Loading charts...
Volatility by Period
| EEV | TSYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.59% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 35.59% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 40.37% | 18.21% | +22.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.25% | 18.21% | +20.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.13% | 18.21% | +22.92% |
EEV vs. TSYX - Expense Ratio Comparison
EEV has a 0.95% expense ratio, which is lower than TSYX's 0.98% expense ratio.
Dividends
EEV vs. TSYX - Dividend Comparison
EEV's dividend yield for the trailing twelve months is around 7.46%, more than TSYX's 6.17% 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% |
TSYX TSPY Lift ETF | 6.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EEV and TSYX have a correlation of -0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EEV is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EEV is cheaper with a 0.95% expense ratio, compared with 0.98% for TSYX.
EEV has the higher dividend yield at 7.46%, compared with 6.17% for TSYX.
They also come from different issuers: ProShares and TappAlpha. Their fees differ too: 0.95% for EEV and 0.98% for TSYX.
Find the right allocation for EEV and TSYX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer