EUM vs. QQQ
Compare and contrast key facts about ProShares Short MSCI Emerging Markets (EUM) and Invesco QQQ ETF (QQQ).
EUM and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EUM is a passively managed fund by ProShares that tracks the performance of the MSCI Emerging Markets Index (-100%). It was launched on Nov 1, 2007. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both EUM and QQQ 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
EUM vs. QQQ - Performance Comparison
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EUM vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUM ProShares Short MSCI Emerging Markets | -4.65% | -22.61% | -0.83% | -3.89% | 21.11% | -1.32% | -24.37% | -15.27% | 14.60% | -28.08% |
QQQ Invesco QQQ ETF | -4.76% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
The year-to-date returns for both stocks are quite close, with EUM having a -4.65% return and QQQ slightly lower at -4.76%. Over the past 10 years, EUM has underperformed QQQ with an annualized return of -8.57%, while QQQ has yielded a comparatively higher 18.99% annualized return.
EUM
- 1D
- -0.68%
- 1M
- 6.85%
- YTD
- -4.65%
- 6M
- -6.77%
- 1Y
- -23.48%
- 3Y*
- -10.11%
- 5Y*
- -2.28%
- 10Y*
- -8.57%
QQQ
- 1D
- 1.24%
- 1M
- -3.79%
- YTD
- -4.76%
- 6M
- -2.89%
- 1Y
- 24.21%
- 3Y*
- 22.83%
- 5Y*
- 13.16%
- 10Y*
- 18.99%
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EUM vs. QQQ - Expense Ratio Comparison
EUM has a 0.95% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
EUM vs. QQQ — Risk / Return Rank
EUM
QQQ
EUM vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short MSCI Emerging Markets (EUM) and Invesco QQQ ETF (QQQ). 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.
| EUM | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.15 | 1.07 | -2.22 |
Sortino ratioReturn per unit of downside risk | -1.65 | 1.66 | -3.31 |
Omega ratioGain probability vs. loss probability | 0.80 | 1.24 | -0.44 |
Calmar ratioReturn relative to maximum drawdown | -0.61 | 2.00 | -2.61 |
Martin ratioReturn relative to average drawdown | -0.91 | 7.32 | -8.23 |
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
| EUM | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.15 | 1.07 | -2.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.59 | -0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.42 | 0.86 | -1.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.33 | 0.38 | -0.70 |
Correlation
The correlation between EUM and QQQ is -0.69. 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
EUM vs. QQQ - Dividend Comparison
EUM's dividend yield for the trailing twelve months is around 3.74%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUM ProShares Short MSCI Emerging Markets | 3.74% | 3.98% | 4.22% | 3.86% | 0.82% | 0.00% | 0.15% | 1.35% | 0.88% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
EUM vs. QQQ - Drawdown Comparison
The maximum EUM drawdown since its inception was -92.17%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for EUM and QQQ.
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Drawdown Indicators
| EUM | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.17% | -82.97% | -9.20% |
Max Drawdown (1Y)Largest decline over 1 year | -38.57% | -12.62% | -25.95% |
Max Drawdown (5Y)Largest decline over 5 years | -43.51% | -35.12% | -8.39% |
Max Drawdown (10Y)Largest decline over 10 years | -65.06% | -35.12% | -29.94% |
Current DrawdownCurrent decline from peak | -91.40% | -7.86% | -83.54% |
Average DrawdownAverage peak-to-trough decline | -77.02% | -32.99% | -44.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.03% | 3.44% | +22.59% |
Volatility
EUM vs. QQQ - Volatility Comparison
ProShares Short MSCI Emerging Markets (EUM) has a higher volatility of 9.82% compared to Invesco QQQ ETF (QQQ) at 6.61%. This indicates that EUM's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUM | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.82% | 6.61% | +3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 15.41% | 12.82% | +2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.49% | 22.70% | -2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.63% | 22.38% | -3.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.34% | 22.25% | -1.91% |