EUM vs. YQQQ
EUM (ProShares Short MSCI Emerging Markets) and YQQQ (YieldMax Short N100 Option Income Strategy ETF) are both exchange-traded funds - EUM is a Inverse Equities fund tracking the MSCI Emerging Markets Index (-100%), while YQQQ is a Derivative Income fund actively managed by YieldMax. EUM is passively managed, while YQQQ is actively managed. Over the past year, EUM returned -32.85% vs -13.84% for YQQQ. A 0.61 correlation means they provide meaningful diversification when combined. EUM charges 0.95%/yr vs 0.99%/yr for YQQQ.
Performance
EUM vs. YQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, EUM achieves a -21.40% return, which is significantly lower than YQQQ's -8.57% return.
EUM
- 1D
- 1.09%
- 1M
- -5.64%
- YTD
- -21.40%
- 6M
- -22.97%
- 1Y
- -32.85%
- 3Y*
- -15.90%
- 5Y*
- -5.09%
- 10Y*
- -10.22%
YQQQ
- 1D
- 0.41%
- 1M
- -6.24%
- YTD
- -8.57%
- 6M
- -6.48%
- 1Y
- -13.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUM vs. YQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EUM ProShares Short MSCI Emerging Markets | -21.40% | -22.61% | 2.59% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | -8.57% | -9.97% | -4.06% |
Correlation
The correlation between EUM and YQQQ is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2024 | 0.61 |
The correlation between EUM and YQQQ shifts across timeframes, from 0.61 (all time) to 0.71 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUM vs. YQQQ — Risk / Return Rank
EUM
YQQQ
EUM vs. YQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short MSCI Emerging Markets (EUM) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). 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 | YQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 0.72 | 0.83 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | -0.67 | -0.30 |
| Martin ratioReturn relative to average drawdown | -1.91 | -1.61 | -0.30 |
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 | YQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.61 | -1.11 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.36 | -0.76 | +0.40 |
Drawdowns
EUM vs. YQQQ - Drawdown Comparison
The maximum EUM drawdown since its inception was -93.07%, which is greater than YQQQ's maximum drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for EUM and YQQQ.
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Drawdown Indicators
| EUM | YQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.07% | -28.21% | -64.86% |
Max Drawdown (1Y)Largest decline over 1 year | -34.25% | -20.82% | -13.43% |
Max Drawdown (3Y)Largest decline over 3 years | -47.06% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -50.02% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -68.27% | — | — |
Current DrawdownCurrent decline from peak | -92.91% | -27.87% | -65.04% |
Average DrawdownAverage peak-to-trough decline | -77.17% | -14.25% | -62.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.41% | 8.62% | +8.79% |
Volatility
EUM vs. YQQQ - Volatility Comparison
ProShares Short MSCI Emerging Markets (EUM) has a higher volatility of 8.73% compared to YieldMax Short N100 Option Income Strategy ETF (YQQQ) at 3.90%. This indicates that EUM's price experiences larger fluctuations and is considered to be riskier than YQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUM | YQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.73% | 3.90% | +4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 17.94% | 9.85% | +8.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.45% | 12.50% | +7.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.14% | 16.25% | +2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.54% | 16.25% | +4.29% |
EUM vs. YQQQ - Expense Ratio Comparison
EUM has a 0.95% expense ratio, which is lower than YQQQ's 0.99% expense ratio.
Dividends
EUM vs. YQQQ - Dividend Comparison
EUM's dividend yield for the trailing twelve months is around 4.54%, less than YQQQ's 32.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EUM ProShares Short MSCI Emerging Markets | 4.54% | 3.98% | 4.22% | 3.86% | 0.82% | 0.00% | 0.15% | 1.35% | 0.88% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | 32.16% | 31.71% | 7.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUM and YQQQ have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EUM has higher volatility (8.73%) compared to YQQQ (3.90%). In terms of maximum drawdown, EUM dropped -93.07% vs YQQQ's -28.21%.
On 1-year performance, YQQQ leads with -13.84% vs -32.85% for EUM. On fees, EUM is cheaper at 0.95% per year. On volatility, YQQQ has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, YQQQ has performed better with a -13.84% return vs -32.85%. 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 YQQQ.
YQQQ has the higher dividend yield at 32.16%, compared with 4.54% for EUM.
EUM is categorized as Inverse Equities, while YQQQ is Derivative Income. They also come from different issuers: ProShares and YieldMax. Their fees differ too: 0.95% for EUM and 0.99% for YQQQ.
YQQQ currently has the higher Sharpe Ratio (-1.11 vs -1.61), 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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