EPV vs. UPV
Compare and contrast key facts about ProShares UltraShort FTSE Europe (EPV) and ProShares Ultra Europe (UPV).
EPV and UPV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EPV is a passively managed fund by ProShares that tracks the performance of the FTSE All Cap Developed Europe (-200%). It was launched on Jun 16, 2009. UPV is a passively managed fund by ProShares that tracks the performance of the MSCI Europe Index (200%). It was launched on Apr 30, 2010. Both EPV and UPV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EPV vs. UPV - Performance Comparison
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EPV vs. UPV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EPV ProShares UltraShort FTSE Europe | 1.10% | -45.21% | 2.02% | -30.81% | 15.53% | -31.62% | -37.31% | -36.11% | 32.22% | -39.79% |
UPV ProShares Ultra Europe | -4.34% | 68.63% | -4.51% | 32.16% | -36.58% | 32.38% | -3.15% | 47.04% | -32.64% | 57.44% |
Returns By Period
In the year-to-date period, EPV achieves a 1.10% return, which is significantly higher than UPV's -4.34% return. Over the past 10 years, EPV has underperformed UPV with an annualized return of -21.87%, while UPV has yielded a comparatively higher 10.05% annualized return.
EPV
- 1D
- -6.62%
- 1M
- 16.57%
- YTD
- 1.10%
- 6M
- -8.44%
- 1Y
- -32.04%
- 3Y*
- -21.62%
- 5Y*
- -18.62%
- 10Y*
- -21.87%
UPV
- 1D
- 6.31%
- 1M
- -16.80%
- YTD
- -4.34%
- 6M
- 5.15%
- 1Y
- 33.34%
- 3Y*
- 19.59%
- 5Y*
- 8.73%
- 10Y*
- 10.05%
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EPV vs. UPV - Expense Ratio Comparison
Both EPV and UPV have an expense ratio of 0.95%.
Return for Risk
EPV vs. UPV — Risk / Return Rank
EPV
UPV
EPV vs. UPV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort FTSE Europe (EPV) and ProShares Ultra Europe (UPV). 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 | UPV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.91 | 0.95 | -1.87 |
Sortino ratioReturn per unit of downside risk | -1.27 | 1.46 | -2.73 |
Omega ratioGain probability vs. loss probability | 0.84 | 1.20 | -0.36 |
Calmar ratioReturn relative to maximum drawdown | -0.58 | 1.32 | -1.89 |
Martin ratioReturn relative to average drawdown | -0.77 | 4.90 | -5.67 |
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 | UPV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.91 | 0.95 | -1.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.53 | 0.25 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.58 | 0.27 | -0.86 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.61 | 0.23 | -0.84 |
Correlation
The correlation between EPV and UPV is -0.92. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
EPV vs. UPV - Dividend Comparison
EPV's dividend yield for the trailing twelve months is around 4.18%, more than UPV's 2.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EPV ProShares UltraShort FTSE Europe | 4.18% | 4.80% | 4.83% | 3.17% | 0.33% | 0.01% | 0.09% | 1.10% | 0.19% |
UPV ProShares Ultra Europe | 2.39% | 2.11% | 2.70% | 1.57% | 0.00% | 0.00% | 0.00% | 0.65% | 3.80% |
Drawdowns
EPV vs. UPV - Drawdown Comparison
The maximum EPV drawdown since its inception was -99.37%, which is greater than UPV's maximum drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for EPV and UPV.
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Drawdown Indicators
| EPV | UPV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.37% | -67.25% | -32.12% |
Max Drawdown (1Y)Largest decline over 1 year | -53.31% | -23.41% | -29.90% |
Max Drawdown (5Y)Largest decline over 5 years | -79.08% | -58.33% | -20.75% |
Max Drawdown (10Y)Largest decline over 10 years | -93.54% | -67.25% | -26.29% |
Current DrawdownCurrent decline from peak | -99.26% | -17.49% | -81.77% |
Average DrawdownAverage peak-to-trough decline | -88.27% | -20.97% | -67.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.69% | 6.29% | +33.40% |
Volatility
EPV vs. UPV - Volatility Comparison
ProShares UltraShort FTSE Europe (EPV) and ProShares Ultra Europe (UPV) have volatilities of 15.26% and 15.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EPV | UPV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.26% | 15.44% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 22.07% | 21.88% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.25% | 35.13% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.40% | 35.00% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.61% | 36.94% | +0.67% |