EUO vs. PGR
EUO (ProShares UltraShort Euro) is Leveraged Currency fund tracking the USD/EUR Exchange Rate (-200%), while PGR (The Progressive Corporation) is a stock. Over the past 10 years, EUO returned 2.13%/yr vs 23.82%/yr for PGR. At a correlation of -0.11, they often move in opposite directions.
Performance
EUO vs. PGR - Performance Comparison
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Returns By Period
In the year-to-date period, EUO achieves a 8.46% return, which is significantly higher than PGR's -0.79% return. Over the past 10 years, EUO has underperformed PGR with an annualized return of 2.13%, while PGR has yielded a comparatively higher 23.82% annualized return.
EUO
- 1D
- 0.32%
- 1M
- 0.87%
- 6M
- 5.31%
- YTD
- 8.46%
- 1Y
- 8.62%
- 3Y*
- 3.05%
- 5Y*
- 5.03%
- 10Y*
- 2.13%
- ALL TIME*
- 1.23%
PGR
- 1D
- 2.06%
- 1M
- 3.64%
- 6M
- 4.97%
- YTD
- -0.79%
- 1Y
- -8.28%
- 3Y*
- 23.12%
- 5Y*
- 20.34%
- 10Y*
- 23.82%
- ALL TIME*
- 16.86%
EUO vs. PGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUO ProShares UltraShort Euro | 8.46% | -18.87% | 19.79% | -1.02% | 13.88% | 14.83% | -15.97% | 10.51% | 14.39% | -21.71% |
PGR The Progressive Corporation | -0.79% | -3.02% | 51.39% | 23.16% | 26.81% | 10.84% | 41.48% | 25.14% | 9.39% | 61.59% |
Correlation
The correlation between EUO and PGR is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2008 | -0.11 |
The correlation between EUO and PGR shifts across timeframes, from -0.11 (all time) to 0.07 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUO vs. PGR — Risk / Return Rank
EUO
PGR
EUO vs. PGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Euro (EUO) and The Progressive Corporation (PGR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EUO | PGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.96 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | -0.42 | +1.49 |
| Martin ratioReturn relative to average drawdown | 2.54 | -0.71 | +3.25 |
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Drawdowns
EUO vs. PGR - Drawdown Comparison
The maximum EUO drawdown since its inception was -38.58%, smaller than the maximum PGR drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for EUO and PGR.
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Drawdown Indicators
| EUO | PGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.58% | -71.06% | +32.48% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -19.79% | +11.74% |
Max Drawdown (3Y)Largest decline over 3 years | -24.46% | -30.35% | +5.89% |
Max Drawdown (5Y)Largest decline over 5 years | -25.28% | -30.35% | +5.07% |
Max Drawdown (10Y)Largest decline over 10 years | -29.61% | -30.35% | +0.74% |
Current DrawdownCurrent decline from peak | -15.38% | -22.33% | +6.95% |
Average DrawdownAverage peak-to-trough decline | -18.48% | -14.55% | -3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 11.71% | -8.30% |
Volatility
EUO vs. PGR - Volatility Comparison
The current volatility for ProShares UltraShort Euro (EUO) is 2.62%, while The Progressive Corporation (PGR) has a volatility of 14.04%. This indicates that EUO experiences smaller price fluctuations and is considered to be less risky than PGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUO | PGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 14.04% | -11.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.18% | 20.19% | -11.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 25.34% | -12.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.55% | 25.16% | -9.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.77% | 24.79% | -10.02% |
Dividends
EUO vs. PGR - Dividend Comparison
EUO has not paid dividends to shareholders, while PGR's dividend yield for the trailing twelve months is around 6.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PGR The Progressive Corporation | 6.55% | 2.15% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% |
Frequently Asked Questions
EUO and PGR have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGR has higher volatility (14.04%) compared to EUO (2.62%). In terms of maximum drawdown, EUO dropped -38.58% vs PGR's -71.06%.
EUO currently has the higher Sharpe Ratio (0.69 vs -0.33), 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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