EUO vs. QQQ
Compare and contrast key facts about ProShares UltraShort Euro (EUO) and Invesco QQQ (QQQ).
EUO and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both EUO and QQQ 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 QQQ.
Correlation
The correlation between EUO and QQQ 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. QQQ - Performance Comparison
Key characteristics
EUO:
1.46
QQQ:
1.69
EUO:
2.22
QQQ:
2.25
EUO:
1.26
QQQ:
1.30
EUO:
0.94
QQQ:
2.26
EUO:
5.61
QQQ:
8.06
EUO:
3.19%
QQQ:
3.80%
EUO:
12.26%
QQQ:
18.07%
EUO:
-38.58%
QQQ:
-82.98%
EUO:
-3.58%
QQQ:
-4.12%
Returns By Period
In the year-to-date period, EUO achieves a 0.26% return, which is significantly lower than QQQ's 0.77% return. Over the past 10 years, EUO has underperformed QQQ with an annualized return of 4.53%, while QQQ has yielded a comparatively higher 18.49% annualized return.
EUO
0.26%
4.63%
11.92%
18.16%
5.07%
4.53%
QQQ
0.77%
-1.99%
3.81%
27.98%
19.49%
18.49%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EUO vs. QQQ - Expense Ratio Comparison
EUO has a 0.99% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
EUO vs. QQQ — Risk-Adjusted Performance Rank
EUO
QQQ
EUO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Euro (EUO) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
EUO has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.55%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QQQ Invesco QQQ | 0.55% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
EUO vs. QQQ - Drawdown Comparison
The maximum EUO drawdown since its inception was -38.58%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for EUO and QQQ. For additional features, visit the drawdowns tool.
Volatility
EUO vs. QQQ - Volatility Comparison
The current volatility for ProShares UltraShort Euro (EUO) is 4.08%, while Invesco QQQ (QQQ) has a volatility of 6.20%. This indicates that EUO experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.