EPV vs. FUTG
EPV (ProShares UltraShort FTSE Europe) and FUTG (Leverage Shares 2X Long FUTU Daily ETF) are both Leveraged Equities funds. EPV is passively managed, while FUTG is actively managed. At a correlation of -0.47, they often move in opposite directions. EPV charges 0.95%/yr vs 0.75%/yr for FUTG.
Performance
EPV vs. FUTG - Performance Comparison
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Returns By Period
In the year-to-date period, EPV achieves a -13.85% return, which is significantly higher than FUTG's -75.86% return.
EPV
- 1D
- -2.40%
- 1M
- -5.07%
- YTD
- -13.85%
- 6M
- -18.45%
- 1Y
- -27.73%
- 3Y*
- -25.55%
- 5Y*
- -18.26%
- 10Y*
- -22.37%
FUTG
- 1D
- -1.36%
- 1M
- -71.11%
- YTD
- -75.86%
- 6M
- -77.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EPV vs. FUTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EPV ProShares UltraShort FTSE Europe | -13.85% | -9.04% |
FUTG Leverage Shares 2X Long FUTU Daily ETF | -75.86% | -0.80% |
Correlation
The correlation between EPV and FUTG is -0.47, 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 | -0.47 |
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Return for Risk
EPV vs. FUTG — Risk / Return Rank
EPV
FUTG
EPV vs. FUTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort FTSE Europe (EPV) 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.
| EPV | FUTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.86 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | — | — |
| Martin ratioReturn relative to average drawdown | -1.48 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EPV | FUTG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.89 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.51 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.62 | -0.66 | +0.04 |
Drawdowns
EPV vs. FUTG - Drawdown Comparison
The maximum EPV drawdown since its inception was -99.38%, which is greater than FUTG's maximum drawdown of -86.19%. Use the drawdown chart below to compare losses from any high point for EPV and FUTG.
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Drawdown Indicators
| EPV | FUTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.38% | -86.19% | -13.19% |
Max Drawdown (1Y)Largest decline over 1 year | -31.91% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -65.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -79.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -93.61% | — | — |
Current DrawdownCurrent decline from peak | -99.37% | -84.51% | -14.86% |
Average DrawdownAverage peak-to-trough decline | -88.39% | -40.62% | -47.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.79% | — | — |
Volatility
EPV vs. FUTG - Volatility Comparison
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Volatility by Period
| EPV | FUTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.53% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 26.20% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 31.20% | 135.59% | -104.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.77% | 135.59% | -99.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.80% | 135.59% | -97.79% |
EPV vs. FUTG - Expense Ratio Comparison
EPV has a 0.95% expense ratio, which is higher than FUTG's 0.75% expense ratio.
Dividends
EPV vs. FUTG - Dividend Comparison
EPV's dividend yield for the trailing twelve months is around 4.91%, while FUTG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EPV ProShares UltraShort FTSE Europe | 4.91% | 4.80% | 4.83% | 3.17% | 0.33% | 0.01% | 0.09% | 1.10% | 0.19% |
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
EPV and FUTG have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
FUTG is cheaper with a 0.75% expense ratio, compared with 0.95% for EPV.
EPV has the higher dividend yield at 4.91%, compared with 0.00% for FUTG.
They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for EPV and 0.75% for FUTG.
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