EUO vs. AMDG

Last updated Jun 4, 2026

EUO (ProShares UltraShort Euro) and AMDG (Leverage Shares 2X Long AMD Daily ETF) are both exchange-traded funds - EUO is a Leveraged Currency fund tracking the USD/EUR Exchange Rate (-200%), while AMDG is a Leveraged Equities fund actively managed by Leverage Shares. EUO is passively managed, while AMDG is actively managed. Over the past year, EUO returned 1.02% vs 1172.87% for AMDG. At a correlation of -0.05, they often move in opposite directions. EUO charges 0.99%/yr vs 0.75%/yr for AMDG.

Performance

EUO vs. AMDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Euro (EUO) and Leverage Shares 2X Long AMD Daily ETF (AMDG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EUO achieves a 4.54% return, which is significantly lower than AMDG's 391.03% 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%

AMDG

• 1D: 7.70%
• 1M: 134.89%
• YTD: 391.03%
• 6M: 367.32%
• 1Y: 1,172.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EUO vs. AMDG - Yearly Performance Comparison

	2026 (YTD)	2025
EUO ProShares UltraShort Euro	4.54%	-16.76%
AMDG Leverage Shares 2X Long AMD Daily ETF	391.03%	96.98%

Correlation

The correlation between EUO and AMDG is -0.11, 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	-0.11
Correlation (All Time) Calculated using the full available price history since Jan 27, 2025	-0.05

Return for Risk

EUO vs. AMDG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EUO

EUO Risk / Return Rank: 9
EUO Sharpe Ratio Rank: 10
EUO Sortino Ratio Rank: 9
EUO Omega Ratio Rank: 9
EUO Calmar Ratio Rank: 10
EUO Martin Ratio Rank: 10

AMDG

AMDG Risk / Return Rank: 96
AMDG Sharpe Ratio Rank: 99
AMDG Sortino Ratio Rank: 93
AMDG Omega Ratio Rank: 92
AMDG Calmar Ratio Rank: 99
AMDG Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUO vs. AMDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Euro (EUO) and Leverage Shares 2X Long AMD Daily ETF (AMDG). 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	AMDG	Difference
Sharpe ratio Return per unit of total volatility	0.08	9.15	-9.07
Sortino ratio Return per unit of downside risk	0.20	4.75	-4.54
Omega ratio Gain probability vs. loss probability	1.02	1.63	-0.61
Calmar ratio Return relative to maximum drawdown	0.13	20.99	-20.87
Martin ratio Return relative to average drawdown	0.28	41.10	-40.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUO vs. AMDG - Sharpe Ratio Comparison

The current EUO Sharpe Ratio is 0.08, which is lower than the AMDG Sharpe Ratio of 9.15. The chart below compares the historical Sharpe Ratios of EUO and AMDG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EUO	AMDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.08	9.15	-9.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	3.36	-3.31

Drawdowns

EUO vs. AMDG - Drawdown Comparison

The maximum EUO drawdown since its inception was -38.58%, smaller than the maximum AMDG drawdown of -63.04%. Use the drawdown chart below to compare losses from any high point for EUO and AMDG.

Drawdown Indicators

	EUO	AMDG	Difference
Max Drawdown Largest peak-to-trough decline	-38.58%	-63.04%	+24.46%
Max Drawdown (1Y) Largest decline over 1 year	-8.05%	-56.48%	+48.43%
Max Drawdown (3Y) Largest decline over 3 years	-24.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.28%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.61%	—	—
Current Drawdown Current decline from peak	-18.43%	0.00%	-18.43%
Average Drawdown Average peak-to-trough decline	-18.50%	-25.70%	+7.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.73%	28.80%	-25.07%

Volatility

EUO vs. AMDG - Volatility Comparison

The current volatility for ProShares UltraShort Euro (EUO) is 2.48%, while Leverage Shares 2X Long AMD Daily ETF (AMDG) has a volatility of 45.35%. This indicates that EUO experiences smaller price fluctuations and is considered to be less risky than AMDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUO	AMDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.48%	45.35%	-42.87%
Volatility (6M) Calculated over the trailing 6-month period	8.71%	94.94%	-86.23%
Volatility (1Y) Calculated over the trailing 1-year period	12.65%	129.64%	-116.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.56%	130.26%	-114.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.88%	130.26%	-115.38%

EUO vs. AMDG - Expense Ratio Comparison

EUO has a 0.99% expense ratio, which is higher than AMDG's 0.75% expense ratio.

Dividends

EUO vs. AMDG - Dividend Comparison

EUO has not paid dividends to shareholders, while AMDG's dividend yield for the trailing twelve months is around 2.28%.

Position	TTM	2025
AMDG Leverage Shares 2X Long AMD Daily ETF	2.28%	11.21%
EUO ProShares UltraShort Euro	0.00%	0.00%

Frequently Asked Questions

Can I hold both EUO and AMDG in my portfolio?

EUO and AMDG have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EUO or AMDG?

AMDG has higher volatility (45.35%) compared to EUO (2.48%). In terms of maximum drawdown, EUO dropped -38.58% vs AMDG's -63.04%.

Which ETF is better, EUO or AMDG?

On 1-year performance, AMDG leads with 1172.87% vs 1.02% for EUO. On fees, AMDG is cheaper at 0.75% per year. On volatility, EUO has been the lower-risk option at 2.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EUO or AMDG?

Over the 1-year period, AMDG has performed better with a 1172.87% return vs 1.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EUO or AMDG?

AMDG is cheaper with a 0.75% expense ratio, compared with 0.99% for EUO.

Which ETF pays a higher dividend yield, EUO or AMDG?

AMDG has the higher dividend yield at 2.28%, compared with 0.00% for EUO.

What is the main difference between EUO and AMDG?

EUO is categorized as Leveraged Currency, while AMDG is Leveraged Equities. They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.99% for EUO and 0.75% for AMDG.

Which has better risk-adjusted returns?

AMDG currently has the higher Sharpe Ratio (9.15 vs 0.08), 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.