EUO vs. 5CH6.DE
EUO (ProShares UltraShort Euro) and 5CH6.DE (WisdomTree Short USD Long EUR 5x Daily EUR) are both Leveraged Currency funds - EUO tracks the USD/EUR Exchange Rate (-200%) while 5CH6.DE tracks the MSFXSM 5X Short US Dollar/Euro Total Return Index. Both are passively managed. Over the past 10 years, EUO returned 2.45%/yr vs -15.95%/yr for 5CH6.DE. At a correlation of -0.83, they often move in opposite directions. EUO charges 0.99%/yr vs 0.98%/yr for 5CH6.DE.
Performance
EUO vs. 5CH6.DE - Performance Comparison
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Different Trading Currencies
EUO is traded in USD, while 5CH6.DE is traded in EUR. To make them comparable, the 5CH6.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUO achieves a 4.54% return, which is significantly higher than 5CH6.DE's -12.81% return. Over the past 10 years, EUO has outperformed 5CH6.DE with an annualized return of 2.45%, while 5CH6.DE has yielded a comparatively lower -15.95% annualized return.
EUO
- 1D
- 0.50%
- 1M
- 2.09%
- YTD
- 4.54%
- 6M
- 3.41%
- 1Y
- 1.02%
- 3Y*
- -0.54%
- 5Y*
- 5.54%
- 10Y*
- 2.45%
5CH6.DE
- 1D
- -1.49%
- 1M
- -5.27%
- YTD
- -12.81%
- 6M
- -9.54%
- 1Y
- -3.87%
- 3Y*
- 0.51%
- 5Y*
- -20.51%
- 10Y*
- -15.95%
EUO vs. 5CH6.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUO ProShares UltraShort Euro | 4.54% | -18.87% | 19.79% | -1.02% | 13.88% | 14.83% | -15.97% | 10.51% | 14.39% | -21.71% |
5CH6.DE WisdomTree Short USD Long EUR 5x Daily EUR | -12.81% | 67.23% | -36.45% | 4.28% | -47.29% | -44.17% | 43.23% | -29.20% | -40.32% | 80.04% |
Correlation
The correlation between EUO and 5CH6.DE is -0.87, 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 | -0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2014 | -0.83 |
The correlation between EUO and 5CH6.DE has been stable across timeframes, ranging from -0.87 to -0.83 - a consistent structural relationship.
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Return for Risk
EUO vs. 5CH6.DE — Risk / Return Rank
EUO
5CH6.DE
EUO vs. 5CH6.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Euro (EUO) and WisdomTree Short USD Long EUR 5x Daily EUR (5CH6.DE). 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.
| EUO | 5CH6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.01 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | -0.15 | +0.28 |
| Martin ratioReturn relative to average drawdown | 0.28 | -0.29 | +0.57 |
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
| EUO | 5CH6.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | -0.11 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | -0.44 | +0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | -0.37 | +0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | -0.45 | +0.51 |
Drawdowns
EUO vs. 5CH6.DE - Drawdown Comparison
The maximum EUO drawdown since its inception was -38.58%, smaller than the maximum 5CH6.DE drawdown of -96.83%. Use the drawdown chart below to compare losses from any high point for EUO and 5CH6.DE.
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Drawdown Indicators
| EUO | 5CH6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.58% | -96.83% | +58.25% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -26.22% | +18.17% |
Max Drawdown (3Y)Largest decline over 3 years | -24.46% | -53.13% | +28.67% |
Max Drawdown (5Y)Largest decline over 5 years | -25.28% | -83.41% | +58.13% |
Max Drawdown (10Y)Largest decline over 10 years | -29.61% | -92.65% | +63.04% |
Current DrawdownCurrent decline from peak | -18.43% | -94.01% | +75.58% |
Average DrawdownAverage peak-to-trough decline | -18.50% | -81.85% | +63.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 13.14% | -9.41% |
Volatility
EUO vs. 5CH6.DE - Volatility Comparison
The current volatility for ProShares UltraShort Euro (EUO) is 2.48%, while WisdomTree Short USD Long EUR 5x Daily EUR (5CH6.DE) has a volatility of 7.65%. This indicates that EUO experiences smaller price fluctuations and is considered to be less risky than 5CH6.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUO | 5CH6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 7.65% | -5.17% |
Volatility (6M)Calculated over the trailing 6-month period | 8.71% | 23.89% | -15.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.65% | 35.60% | -22.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.56% | 46.09% | -30.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.88% | 42.93% | -28.05% |
EUO vs. 5CH6.DE - Expense Ratio Comparison
EUO has a 0.99% expense ratio, which is higher than 5CH6.DE's 0.98% expense ratio.
Dividends
EUO vs. 5CH6.DE - Dividend Comparison
Neither EUO nor 5CH6.DE has paid dividends to shareholders.
Frequently Asked Questions
EUO and 5CH6.DE have a correlation of -0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 5CH6.DE is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.
5CH6.DE is cheaper with a 0.98% expense ratio, compared with 0.99% for EUO.
EUO tracks USD/EUR Exchange Rate (-200%), while 5CH6.DE tracks MSFXSM 5X Short US Dollar/Euro Total Return Index. They also come from different issuers: ProShares and WisdomTree. Their fees differ too: 0.99% for EUO and 0.98% for 5CH6.DE.
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