EUDV vs. UVXY
EUDV (ProShares MSCI Europe Dividend Growers ETF) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - EUDV is a Europe Equities fund tracking the MSCI Europe Dividend Masters Index, while UVXY is a Volatility fund tracking the S&P 500 VIX SHORT-TERM FUTURES TR (150%). Both are passively managed. Over the past 10 years, EUDV returned 5.35%/yr vs -72.05%/yr for UVXY. At a correlation of -0.49, they often move in opposite directions. EUDV charges 0.55%/yr vs 0.95%/yr for UVXY.
Performance
EUDV vs. UVXY - Performance Comparison
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Returns By Period
In the year-to-date period, EUDV achieves a 2.26% return, which is significantly higher than UVXY's -32.31% return. Over the past 10 years, EUDV has outperformed UVXY with an annualized return of 5.35%, while UVXY has yielded a comparatively lower -72.05% annualized return.
EUDV
- 1D
- -0.34%
- 1M
- -0.77%
- 6M
- -0.32%
- YTD
- 2.26%
- 1Y
- 0.50%
- 3Y*
- 6.80%
- 5Y*
- 1.71%
- 10Y*
- 5.35%
UVXY
- 1D
- 4.92%
- 1M
- -15.35%
- 6M
- -29.18%
- YTD
- -32.31%
- 1Y
- -71.44%
- 3Y*
- -61.73%
- 5Y*
- -67.56%
- 10Y*
- -72.05%
EUDV vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUDV ProShares MSCI Europe Dividend Growers ETF | 2.26% | 14.05% | 0.03% | 20.41% | -24.87% | 19.56% | 5.81% | 25.89% | -11.12% | 21.57% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | -32.31% | -65.32% | -50.90% | -87.70% | -44.81% | -88.33% | -17.38% | -84.23% | 60.10% | -94.17% |
Correlation
The correlation between EUDV and UVXY is -0.49, 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 (1Y) Calculated over the trailing 1-year period | -0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.50 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2015 | -0.49 |
The correlation between EUDV and UVXY has been stable across timeframes, ranging from -0.52 to -0.47 - a consistent structural relationship.
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Return for Risk
EUDV vs. UVXY — Risk / Return Rank
EUDV
UVXY
EUDV vs. UVXY - 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 VIX Short-Term Futures ETF (UVXY). 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 | UVXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.83 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | -0.98 | +1.02 |
| Martin ratioReturn relative to average drawdown | 0.13 | -1.46 | +1.59 |
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Drawdowns
EUDV vs. UVXY - Drawdown Comparison
The maximum EUDV drawdown since its inception was -37.51%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for EUDV and UVXY.
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Drawdown Indicators
| EUDV | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.51% | -100.00% | +62.49% |
Max Drawdown (1Y)Largest decline over 1 year | -10.63% | -73.42% | +62.79% |
Max Drawdown (3Y)Largest decline over 3 years | -13.69% | -95.32% | +81.63% |
Max Drawdown (5Y)Largest decline over 5 years | -37.51% | -99.74% | +62.23% |
Max Drawdown (10Y)Largest decline over 10 years | -37.51% | -100.00% | +62.49% |
Current DrawdownCurrent decline from peak | -3.68% | -100.00% | +96.32% |
Average DrawdownAverage peak-to-trough decline | -8.56% | -98.75% | +90.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 48.91% | -44.98% |
Volatility
EUDV vs. UVXY - Volatility Comparison
The current volatility for ProShares MSCI Europe Dividend Growers ETF (EUDV) is 3.32%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 21.23%. This indicates that EUDV experiences smaller price fluctuations and is considered to be less risky than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUDV | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 21.23% | -17.91% |
Volatility (6M)Calculated over the trailing 6-month period | 11.69% | 66.69% | -55.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.13% | 85.49% | -71.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.19% | 103.84% | -87.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.91% | 112.03% | -95.12% |
EUDV vs. UVXY - Expense Ratio Comparison
EUDV has a 0.55% expense ratio, which is lower than UVXY's 0.95% expense ratio.
Dividends
EUDV vs. UVXY - Dividend Comparison
EUDV's dividend yield for the trailing twelve months is around 2.11%, while UVXY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUDV ProShares MSCI Europe Dividend Growers ETF | 2.11% | 1.74% | 1.92% | 1.87% | 1.77% | 2.30% | 1.27% | 2.20% | 2.22% | 2.33% | 2.53% | 0.37% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUDV and UVXY have a correlation of -0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVXY has higher volatility (21.23%) compared to EUDV (3.32%). In terms of maximum drawdown, EUDV dropped -37.51% vs UVXY's -100.00%.
On 10-year performance, EUDV leads with 5.35% vs -72.05% for UVXY. On fees, EUDV is cheaper at 0.55% per year. On volatility, EUDV has been the lower-risk option at 3.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EUDV has performed better with a 5.35% return vs -72.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EUDV is cheaper with a 0.55% expense ratio, compared with 0.95% for UVXY.
EUDV has the higher dividend yield at 2.11%, compared with 0.00% for UVXY.
EUDV is categorized as Europe Equities, while UVXY is Volatility. EUDV tracks MSCI Europe Dividend Masters Index, while UVXY tracks S&P 500 VIX SHORT-TERM FUTURES TR (150%). Their fees differ too: 0.55% for EUDV and 0.95% for UVXY.
EUDV currently has the higher Sharpe Ratio (0.04 vs -0.84), 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.
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