EUM vs. CRSH
EUM (ProShares Short MSCI Emerging Markets) and CRSH (YieldMax Short TSLA Option Income Strategy ETF) are both exchange-traded funds - EUM is a Inverse Equities fund tracking the MSCI Emerging Markets Index (-100%), while CRSH is a Derivative Income fund actively managed by YieldMax. EUM is passively managed, while CRSH is actively managed. Over the past year, EUM returned -26.27% vs -6.08% for CRSH. Their 0.40 correlation means their historical movements had little consistent relationship. EUM charges 0.95%/yr vs 0.99%/yr for CRSH.
Performance
EUM vs. CRSH - Performance Comparison
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Returns By Period
In the year-to-date period, EUM achieves a -16.68% return, which is significantly lower than CRSH's 26.66% return.
EUM
- 1D
- -0.60%
- 1M
- 2.23%
- 6M
- -10.10%
- YTD
- -16.68%
- 1Y
- -26.27%
- 3Y*
- -12.92%
- 5Y*
- -5.31%
- 10Y*
- -9.09%
- ALL TIME*
- -9.58%
CRSH
- 1D
- -0.93%
- 1M
- 17.65%
- 6M
- 21.15%
- YTD
- 26.66%
- 1Y
- -6.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -25.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $424.74K | $328.09K | $368.71K | |
| $1.63M | $1.99M | $1.68M |
EUM vs. CRSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EUM ProShares Short MSCI Emerging Markets | -16.68% | -22.61% | -0.88% |
CRSH YieldMax Short TSLA Option Income Strategy ETF | 26.66% | -13.40% | -52.42% |
Correlation
The correlation between EUM and CRSH is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (All Time) Calculated using the full available price history since May 2, 2024 | 0.40 |
The correlation between EUM and CRSH shifts across timeframes, from 0.40 (all time) to 0.51 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUM vs. CRSH — Risk / Return Rank
EUM
CRSH
EUM vs. CRSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short MSCI Emerging Markets (EUM) and YieldMax Short TSLA Option Income Strategy ETF (CRSH). 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.
| EUM | CRSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.01 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | -0.17 | -0.61 |
| Martin ratioReturn relative to average drawdown | -1.38 | -0.26 | -1.12 |
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Drawdowns
EUM vs. CRSH - Drawdown Comparison
The maximum EUM drawdown since its inception was -93.19%, which is greater than CRSH's maximum drawdown of -63.68%. Use the drawdown chart below to compare losses from any high point for EUM and CRSH.
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Drawdown Indicators
| EUM | CRSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.19% | -63.68% | -29.51% |
Max Drawdown (1Y)Largest decline over 1 year | -33.23% | -31.54% | -1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -47.97% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -50.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.12% | — | — |
Current DrawdownCurrent decline from peak | -92.48% | -50.17% | -42.31% |
Average DrawdownAverage peak-to-trough decline | -77.28% | -43.98% | -33.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.64% | 20.47% | -1.83% |
Volatility
EUM vs. CRSH - Volatility Comparison
The current volatility for ProShares Short MSCI Emerging Markets (EUM) is 9.05%, while YieldMax Short TSLA Option Income Strategy ETF (CRSH) has a volatility of 14.23%. This indicates that EUM experiences smaller price fluctuations and is considered to be less risky than CRSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUM | CRSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.05% | 14.23% | -5.18% |
Volatility (6M)Calculated over the trailing 6-month period | 22.60% | 26.57% | -3.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.87% | 36.89% | -12.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.05% | 47.50% | -27.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.84% | 47.50% | -26.66% |
EUM vs. CRSH - Expense Ratio Comparison
EUM has a 0.95% expense ratio, which is lower than CRSH's 0.99% expense ratio.
Dividends
EUM vs. CRSH - Dividend Comparison
EUM's dividend yield for the trailing twelve months is around 4.05%, less than CRSH's 75.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CRSH YieldMax Short TSLA Option Income Strategy ETF | 75.02% | 138.78% | 94.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EUM ProShares Short MSCI Emerging Markets | 4.05% | 3.98% | 4.22% | 3.86% | 0.82% | 0.00% | 0.15% | 1.35% | 0.88% |
Frequently Asked Questions
EUM and CRSH have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRSH has higher volatility (14.23%) compared to EUM (9.05%). In terms of maximum drawdown, EUM dropped -93.19% vs CRSH's -63.68%.
On 1-year performance, CRSH leads with -6.08% vs -26.27% for EUM. On fees, EUM is cheaper at 0.95% per year. On volatility, EUM has been the lower-risk option at 9.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CRSH has performed better with a -6.08% return vs -26.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EUM is cheaper with a 0.95% expense ratio, compared with 0.99% for CRSH.
CRSH has the higher dividend yield at 75.02%, compared with 4.05% for EUM.
EUM is categorized as Inverse Equities, while CRSH is Derivative Income. They also come from different issuers: ProShares and YieldMax. Their fees differ too: 0.95% for EUM and 0.99% for CRSH.
CRSH currently has the higher Sharpe Ratio (-0.14 vs -1.03), 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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