EUO vs. SPLG
Compare and contrast key facts about ProShares UltraShort Euro (EUO) and SPDR Portfolio S&P 500 ETF (SPLG).
EUO and SPLG 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. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005. Both EUO and SPLG 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 SPLG.
Key characteristics
| EUO | SPLG | |
|---|---|---|
| Sharpe Ratio | 1.07 | 2.76 |
| Sortino Ratio | 1.64 | 3.67 |
| Omega Ratio | 1.19 | 1.51 |
| Calmar Ratio | 0.64 | 3.97 |
| Martin Ratio | 3.99 | 17.89 |
| Ulcer Index | 3.34% | 1.87% |
| Daily Std Dev | 12.41% | 12.13% |
| Max Drawdown | -38.58% | -54.50% |
| Current Drawdown | -6.66% | 0.00% |
Correlation
The correlation between EUO and SPLG is -0.20. 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. SPLG - Performance Comparison
Returns By Period
In the year-to-date period, EUO achieves a 16.26% return, which is significantly lower than SPLG's 28.37% return. Over the past 10 years, EUO has underperformed SPLG with an annualized return of 4.92%, while SPLG has yielded a comparatively higher 13.37% annualized return.
EUO
16.26%
6.87%
10.35%
12.18%
4.47%
4.92%
SPLG
28.37%
5.78%
15.05%
34.11%
16.05%
13.37%
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EUO vs. SPLG - Expense Ratio Comparison
EUO has a 0.99% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
EUO vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Euro (EUO) and SPDR Portfolio S&P 500 ETF (SPLG). 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. SPLG - Dividend Comparison
EUO has not paid dividends to shareholders, while SPLG's dividend yield for the trailing twelve months is around 1.21%.
| 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% |
SPLG SPDR Portfolio S&P 500 ETF | 1.21% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% | 1.71% |
Drawdowns
EUO vs. SPLG - Drawdown Comparison
The maximum EUO drawdown since its inception was -38.58%, smaller than the maximum SPLG drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for EUO and SPLG. For additional features, visit the drawdowns tool.
Volatility
EUO vs. SPLG - Volatility Comparison
ProShares UltraShort Euro (EUO) has a higher volatility of 5.90% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 3.35%. This indicates that EUO's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.