EUO vs. SPY
Compare and contrast key facts about ProShares UltraShort Euro (EUO) and SPDR S&P 500 ETF (SPY).
EUO and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both EUO and SPY 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 SPY.
Correlation
The correlation between EUO and SPY is -0.23. 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. SPY - Performance Comparison
Key characteristics
EUO:
1.46
SPY:
2.17
EUO:
2.22
SPY:
2.88
EUO:
1.26
SPY:
1.40
EUO:
0.94
SPY:
3.26
EUO:
5.61
SPY:
14.09
EUO:
3.19%
SPY:
1.95%
EUO:
12.26%
SPY:
12.64%
EUO:
-38.58%
SPY:
-55.19%
EUO:
-3.58%
SPY:
-2.83%
Returns By Period
In the year-to-date period, EUO achieves a 0.26% return, which is significantly lower than SPY's 0.44% return. Over the past 10 years, EUO has underperformed SPY with an annualized return of 4.53%, while SPY has yielded a comparatively higher 13.15% annualized return.
EUO
0.26%
4.63%
11.92%
18.16%
5.07%
4.53%
SPY
0.44%
-2.83%
6.59%
25.62%
14.26%
13.15%
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EUO vs. SPY - Expense Ratio Comparison
EUO has a 0.99% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
EUO vs. SPY — Risk-Adjusted Performance Rank
EUO
SPY
EUO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Euro (EUO) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
EUO has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.20%.
| 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% |
SPY SPDR S&P 500 ETF | 1.20% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
EUO vs. SPY - Drawdown Comparison
The maximum EUO drawdown since its inception was -38.58%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EUO and SPY. For additional features, visit the drawdowns tool.
Volatility
EUO vs. SPY - Volatility Comparison
The current volatility for ProShares UltraShort Euro (EUO) is 4.08%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.49%. This indicates that EUO experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.