EUO vs. MCHI
Compare and contrast key facts about ProShares UltraShort Euro (EUO) and iShares MSCI China ETF (MCHI).
EUO and MCHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EUO is a passively managed fund by ProShares that tracks the performance of the USD/EUR Exchange Rate (-200%). It was launched on Nov 25, 2008. MCHI is a passively managed fund by iShares that tracks the performance of the MSCI China Index. It was launched on Mar 29, 2011. Both EUO and MCHI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EUO or MCHI.
Key characteristics
| EUO | MCHI | |
|---|---|---|
| Sharpe Ratio | 1.07 | 0.51 |
| Sortino Ratio | 1.64 | 0.95 |
| Omega Ratio | 1.19 | 1.12 |
| Calmar Ratio | 0.64 | 0.26 |
| Martin Ratio | 3.99 | 1.60 |
| Ulcer Index | 3.34% | 9.81% |
| Daily Std Dev | 12.41% | 30.98% |
| Max Drawdown | -38.58% | -62.84% |
| Current Drawdown | -6.66% | -47.64% |
Correlation
The correlation between EUO and MCHI is -0.19. 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.
Performance
EUO vs. MCHI - Performance Comparison
Returns By Period
In the year-to-date period, EUO achieves a 16.26% return, which is significantly lower than MCHI's 17.25% return. Over the past 10 years, EUO has outperformed MCHI with an annualized return of 4.92%, while MCHI has yielded a comparatively lower 1.08% annualized return.
EUO
16.26%
6.87%
10.35%
12.18%
4.47%
4.92%
MCHI
17.25%
-3.88%
7.80%
17.62%
-2.86%
1.08%
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EUO vs. MCHI - Expense Ratio Comparison
EUO has a 0.99% expense ratio, which is higher than MCHI's 0.59% expense ratio.
Risk-Adjusted Performance
EUO vs. MCHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Euro (EUO) and iShares MSCI China ETF (MCHI). 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.
Dividends
EUO vs. MCHI - Dividend Comparison
EUO has not paid dividends to shareholders, while MCHI's dividend yield for the trailing twelve months is around 2.49%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUO ProShares UltraShort Euro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MCHI iShares MSCI China ETF | 2.49% | 3.49% | 2.16% | 1.04% | 1.04% | 1.45% | 1.60% | 1.56% | 1.66% | 2.76% | 2.35% | 2.37% |
Drawdowns
EUO vs. MCHI - Drawdown Comparison
The maximum EUO drawdown since its inception was -38.58%, smaller than the maximum MCHI drawdown of -62.84%. Use the drawdown chart below to compare losses from any high point for EUO and MCHI. For additional features, visit the drawdowns tool.
Volatility
EUO vs. MCHI - Volatility Comparison
The current volatility for ProShares UltraShort Euro (EUO) is 5.90%, while iShares MSCI China ETF (MCHI) has a volatility of 10.23%. This indicates that EUO experiences smaller price fluctuations and is considered to be less risky than MCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.