EPV vs. BBEU

Last updated Aug 4, 2026

EPV (ProShares UltraShort FTSE Europe) and BBEU (JPMorgan BetaBuilders Europe ETF) are both exchange-traded funds - EPV is a Leveraged Equities fund tracking the FTSE All Cap Developed Europe (-200%), while BBEU is a Europe Equities fund tracking the Morningstar Developed Europe Target Market Exposure Index. Both are passively managed. Over the past 5 years, EPV returned -19.02%/yr vs 9.68%/yr for BBEU. Their -0.98 correlation means they have often moved in opposite directions in the past. EPV charges 0.95%/yr vs 0.09%/yr for BBEU.

Performance

EPV vs. BBEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort FTSE Europe (EPV) and JPMorgan BetaBuilders Europe ETF (BBEU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPV achieves a -19.77% return, which is significantly lower than BBEU's 10.57% return.

EPV

• 1D: -1.09%
• 1M: -3.19%
• 6M: -10.92%
• YTD: -19.77%
• 1Y: -35.04%
• 3Y*: -26.13%
• 5Y*: -19.02%
• 10Y*: -22.82%
• ALL TIME*: -25.54%

BBEU

• 1D: 0.37%
• 1M: 1.26%
• 6M: 4.94%
• YTD: 10.57%
• 1Y: 25.20%
• 3Y*: 17.74%
• 5Y*: 9.68%
• 10Y*: —
• ALL TIME*: 9.50%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BBEU JPMorgan BetaBuilders Europe ETF	$15.59M	$17.15M	$27.91M
EPV ProShares UltraShort FTSE Europe	$306.03K	$269.56K	$428.32K

EPV vs. BBEU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EPV ProShares UltraShort FTSE Europe	-19.77%	-45.21%	2.02%	-30.81%	15.53%	-31.62%	-37.31%	-36.11%	33.64%
BBEU JPMorgan BetaBuilders Europe ETF	10.57%	36.37%	1.85%	20.31%	-14.72%	17.50%	5.00%	23.96%	-13.25%

Correlation

The correlation between EPV and BBEU is -0.98, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.98
Correlation (3Y) Balances recent behavior with more history.	-0.99
Correlation (5Y) Shows whether the relationship held over a longer period.	-0.99
Correlation (All Time) Calculated using the full available price history since Jun 18, 2018	-0.98

The correlation between EPV and BBEU has been stable across timeframes, ranging from -0.99 to -0.98 - a consistent structural relationship.

EPV vs. BBEU - Sectors Allocation Comparison

Sectors	EPV	BBEU
Financial Services	43.2%	23.2%
Basic Materials	-	4.0%
Communication Services	-	2.5%
Consumer Cyclical	-	4.3%
Consumer Defensive	-	8.1%
Energy	-	3.5%
Healthcare	-	11.0%
Industrials	-	14.5%
Real Estate	-	0.3%
Technology	-	8.0%
Utilities	-	2.9%

Return for Risk

EPV vs. BBEU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EPV

EPV Risk / Return Rank: 1
EPV Sharpe Ratio Rank: 1
EPV Sortino Ratio Rank: 2
EPV Omega Ratio Rank: 2
EPV Calmar Ratio Rank: 0
EPV Martin Ratio Rank: 0

BBEU

BBEU Risk / Return Rank: 63
BBEU Sharpe Ratio Rank: 66
BBEU Sortino Ratio Rank: 67
BBEU Omega Ratio Rank: 63
BBEU Calmar Ratio Rank: 56
BBEU Martin Ratio Rank: 63

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EPV vs. BBEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort FTSE Europe (EPV) and JPMorgan BetaBuilders Europe ETF (BBEU). 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.

	EPV	BBEU	Difference
Sharpe ratio: Return per unit of total volatility	-1.08	1.59	-2.68
Sortino ratio: Return per unit of downside risk	-1.55	2.29	-3.84
Omega ratio: Gain probability vs. loss probability	0.82	1.28	-0.45
Calmar ratio: Return relative to maximum drawdown	-1.05	2.07	-3.12
Martin ratio: Return relative to average drawdown	-1.72	7.86	-9.58

EPV vs. BBEU - Sharpe Ratio Comparison

The current EPV Sharpe Ratio is -1.08, which is lower than the BBEU Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of EPV and BBEU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EPV vs. BBEU - Drawdown Comparison

The maximum EPV drawdown since its inception was -99.41%, which is greater than BBEU's maximum drawdown of -36.27%. Use the drawdown chart below to compare losses from any high point for EPV and BBEU.

Drawdown Indicators

	EPV	BBEU	Difference
Max Drawdown Largest peak-to-trough decline	-99.41%	-36.27%	-63.14%
Max Drawdown (1Y) Largest decline over 1 year	-33.55%	-12.23%	-21.32%
Max Drawdown (3Y) Largest decline over 3 years	-67.49%	-14.23%	-53.26%
Max Drawdown (5Y) Largest decline over 5 years	-80.42%	-31.08%	-49.34%
Max Drawdown (10Y) Largest decline over 10 years	-93.02%	—	—
Current Drawdown Current decline from peak	-99.41%	-0.06%	-99.35%
Average Drawdown Average peak-to-trough decline	-88.47%	-6.04%	-82.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.92%	3.22%	+18.70%

Volatility

EPV vs. BBEU - Volatility Comparison

ProShares UltraShort FTSE Europe (EPV) has a higher volatility of 9.50% compared to JPMorgan BetaBuilders Europe ETF (BBEU) at 3.99%. This indicates that EPV's price experiences larger fluctuations and is considered to be riskier than BBEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPV	BBEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.50%	3.99%	+5.51%
Volatility (6M) Calculated over the trailing 6-month period	28.44%	13.84%	+14.60%
Volatility (1Y) Calculated over the trailing 1-year period	32.47%	15.94%	+16.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.99%	17.57%	+18.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.90%	19.25%	+17.65%

EPV vs. BBEU - Expense Ratio Comparison

EPV has a 0.95% expense ratio, which is higher than BBEU's 0.09% expense ratio.

Dividends

EPV vs. BBEU - Dividend Comparison

EPV's dividend yield for the trailing twelve months is around 4.98%, more than BBEU's 2.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBEU JPMorgan BetaBuilders Europe ETF	2.87%	2.83%	4.16%	2.94%	4.72%	2.63%	2.29%	3.24%	0.49%
EPV ProShares UltraShort FTSE Europe	4.98%	4.80%	4.83%	3.17%	0.33%	0.01%	0.09%	1.10%	0.19%

Frequently Asked Questions

Can I hold both EPV and BBEU in my portfolio?

EPV and BBEU have a correlation of -0.98, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPV or BBEU?

EPV has higher volatility (9.50%) compared to BBEU (3.99%). In terms of maximum drawdown, EPV dropped -99.41% vs BBEU's -36.27%.

Which ETF is better, EPV or BBEU?

On 5-year performance, BBEU leads with 9.68% vs -19.02% for EPV. On fees, BBEU is cheaper at 0.09% per year. On volatility, BBEU has been the lower-risk option at 3.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EPV or BBEU?

Over the 5-year period, BBEU has performed better with a 9.68% return vs -19.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EPV or BBEU?

BBEU is cheaper with a 0.09% expense ratio, compared with 0.95% for EPV.

Which ETF pays a higher dividend yield, EPV or BBEU?

EPV has the higher dividend yield at 4.98%, compared with 2.87% for BBEU.

What is the main difference between EPV and BBEU?

EPV is categorized as Leveraged Equities, while BBEU is Europe Equities. EPV tracks FTSE All Cap Developed Europe (-200%), while BBEU tracks Morningstar Developed Europe Target Market Exposure Index. They also come from different issuers: ProShares and JPMorgan. Their fees differ too: 0.95% for EPV and 0.09% for BBEU.

Which has better risk-adjusted returns?

BBEU currently has the higher Sharpe Ratio (1.59 vs -1.08), 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.