EUDV vs. USD

Last updated Jun 24, 2026

EUDV (ProShares MSCI Europe Dividend Growers ETF) and USD (ProShares Ultra Semiconductors) are both exchange-traded funds - EUDV is a Europe Equities fund tracking the MSCI Europe Dividend Masters Index, while USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Both are passively managed. Over the past 10 years, EUDV returned 5.53%/yr vs 61.02%/yr for USD. At a 0.45 correlation, their price movements are largely independent. EUDV charges 0.55%/yr vs 0.95%/yr for USD.

Performance

EUDV vs. USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares MSCI Europe Dividend Growers ETF (EUDV) and ProShares Ultra Semiconductors (USD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EUDV achieves a 0.21% return, which is significantly lower than USD's 84.65% return. Over the past 10 years, EUDV has underperformed USD with an annualized return of 5.53%, while USD has yielded a comparatively higher 61.02% annualized return.

EUDV

• 1D: -0.40%
• 1M: -2.70%
• YTD: 0.21%
• 6M: 0.08%
• 1Y: -1.24%
• 3Y*: 7.37%
• 5Y*: 1.81%
• 10Y*: 5.53%

USD

• 1D: -12.35%
• 1M: 1.73%
• YTD: 84.65%
• 6M: 79.76%
• 1Y: 206.76%
• 3Y*: 114.28%
• 5Y*: 63.13%
• 10Y*: 61.02%

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

EUDV vs. USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUDV ProShares MSCI Europe Dividend Growers ETF	0.21%	14.05%	0.03%	20.41%	-24.87%	19.56%	5.81%	25.89%	-11.12%	21.57%
USD ProShares Ultra Semiconductors	84.65%	62.08%	139.64%	228.79%	-68.57%	104.27%	68.16%	110.37%	-26.88%	81.72%

Correlation

The correlation between EUDV and USD is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Sep 11, 2015	0.45

The correlation between EUDV and USD shifts across timeframes, from 0.28 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.

EUDV vs. USD - Sectors Allocation Comparison

Sectors	EUDV	USD
Industrials	20.5%	-
Healthcare	16.5%	-
Financial Services	13.6%	26.0%
Technology	12.1%	26.3%
Basic Materials	11.2%	-
Consumer Defensive	11.0%	-
Utilities	8.9%	-
Communication Services	4.1%	-
Energy	2.2%	0.0%
Real Estate	2.0%	-
Consumer Cyclical	-	-

Return for Risk

EUDV vs. USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EUDV

EUDV Risk / Return Rank: 8
EUDV Sharpe Ratio Rank: 8
EUDV Sortino Ratio Rank: 7
EUDV Omega Ratio Rank: 7
EUDV Calmar Ratio Rank: 8
EUDV Martin Ratio Rank: 7

USD

USD Risk / Return Rank: 82
USD Sharpe Ratio Rank: 92
USD Sortino Ratio Rank: 67
USD Omega Ratio Rank: 71
USD Calmar Ratio Rank: 94
USD Martin Ratio Rank: 87

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.

EUDV vs. USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI Europe Dividend Growers ETF (EUDV) and ProShares Ultra Semiconductors (USD). 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.

	EUDV	USD	Difference
Sharpe ratio: Return per unit of total volatility	-0.09	3.06	-3.15
Sortino ratio: Return per unit of downside risk	-0.03	2.94	-2.96
Omega ratio: Gain probability vs. loss probability	1.00	1.40	-0.41
Calmar ratio: Return relative to maximum drawdown	-0.12	6.54	-6.66
Martin ratio: Return relative to average drawdown	-0.31	18.16	-18.47

EUDV vs. USD - Sharpe Ratio Comparison

The current EUDV Sharpe Ratio is -0.09, which is lower than the USD Sharpe Ratio of 3.06. The chart below compares the historical Sharpe Ratios of EUDV and USD, 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

EUDV vs. USD - Drawdown Comparison

The maximum EUDV drawdown since its inception was -37.51%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for EUDV and USD.

Drawdown Indicators

	EUDV	USD	Difference
Max Drawdown Largest peak-to-trough decline	-37.51%	-88.63%	+51.12%
Max Drawdown (1Y) Largest decline over 1 year	-10.63%	-31.80%	+21.17%
Max Drawdown (3Y) Largest decline over 3 years	-13.69%	-64.46%	+50.77%
Max Drawdown (5Y) Largest decline over 5 years	-37.51%	-77.85%	+40.34%
Max Drawdown (10Y) Largest decline over 10 years	-37.51%	-77.85%	+40.34%
Current Drawdown Current decline from peak	-5.62%	-14.69%	+9.07%
Average Drawdown Average peak-to-trough decline	-8.58%	-32.29%	+23.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.97%	11.44%	-7.47%

Volatility

EUDV vs. USD - Volatility Comparison

The current volatility for ProShares MSCI Europe Dividend Growers ETF (EUDV) is 3.91%, while ProShares Ultra Semiconductors (USD) has a volatility of 34.07%. This indicates that EUDV experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUDV	USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	34.07%	-30.16%
Volatility (6M) Calculated over the trailing 6-month period	11.49%	54.13%	-42.64%
Volatility (1Y) Calculated over the trailing 1-year period	14.19%	67.96%	-53.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	77.73%	-61.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.17%	69.83%	-52.66%

EUDV vs. USD - Expense Ratio Comparison

EUDV has a 0.55% expense ratio, which is lower than USD's 0.95% expense ratio.

Dividends

EUDV vs. USD - Dividend Comparison

EUDV's dividend yield for the trailing twelve months is around 1.73%, more than USD's 0.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUDV ProShares MSCI Europe Dividend Growers ETF	1.73%	1.74%	1.92%	1.87%	1.77%	2.30%	1.27%	2.20%	2.22%	2.33%	2.53%	0.37%
USD ProShares Ultra Semiconductors	0.25%	0.39%	0.10%	0.05%	0.30%	0.00%	0.14%	0.72%	0.93%	0.32%	0.46%	0.39%

Frequently Asked Questions

Can I hold both EUDV and USD in my portfolio?

EUDV and USD have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EUDV or USD?

USD has higher volatility (34.07%) compared to EUDV (3.91%). In terms of maximum drawdown, EUDV dropped -37.51% vs USD's -88.63%.

Which ETF is better, EUDV or USD?

On 10-year performance, USD leads with 61.02% vs 5.53% for EUDV. On fees, EUDV is cheaper at 0.55% per year. On volatility, EUDV has been the lower-risk option at 3.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EUDV or USD?

Over the 10-year period, USD has performed better with a 61.02% return vs 5.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EUDV or USD?

EUDV is cheaper with a 0.55% expense ratio, compared with 0.95% for USD.

Which ETF pays a higher dividend yield, EUDV or USD?

EUDV has the higher dividend yield at 1.73%, compared with 0.25% for USD.

What is the main difference between EUDV and USD?

EUDV is categorized as Europe Equities, while USD is Leveraged Equities. EUDV tracks MSCI Europe Dividend Masters Index, while USD tracks Dow Jones U.S. Semiconductors Index (200%). Their fees differ too: 0.55% for EUDV and 0.95% for USD.

Which has better risk-adjusted returns?

USD currently has the higher Sharpe Ratio (3.06 vs -0.09), 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.