EUO vs. TERG

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares UltraShort Euro (EUO) and Leverage Shares 2X Long TER Daily ETF (TERG).

EUO and TERG 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. TERG is an actively managed fund by Leverage Shares. It was launched on Nov 17, 2025.

Performance

EUO vs. TERG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Euro (EUO) and Leverage Shares 2X Long TER Daily ETF (TERG). The values are adjusted to include any dividend payments, if applicable.

EUO vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
EUO ProShares UltraShort Euro	4.48%	-2.21%
TERG Leverage Shares 2X Long TER Daily ETF	102.79%	28.17%

Returns By Period

In the year-to-date period, EUO achieves a 4.48% return, which is significantly lower than TERG's 102.79% return.

EUO

• 1D: -1.82%
• 1M: 4.67%
• YTD: 4.48%
• 6M: 5.68%
• 1Y: -8.27%
• 3Y*: 0.64%
• 5Y*: 4.14%
• 10Y*: 2.49%

TERG

• 1D: 14.40%
• 1M: -19.76%
• YTD: 102.79%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EUO vs. TERG - Expense Ratio Comparison

EUO has a 0.99% expense ratio, which is higher than TERG's 0.75% expense ratio.

EUO

ProShares UltraShort Euro

TERG

Leverage Shares 2X Long TER Daily ETF

Return for Risk

EUO vs. TERG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EUO

EUO Risk / Return Rank: 4
EUO Sharpe Ratio Rank: 4
EUO Sortino Ratio Rank: 3
EUO Omega Ratio Rank: 3
EUO Calmar Ratio Rank: 4
EUO Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUO vs. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Euro (EUO) and Leverage Shares 2X Long TER Daily ETF (TERG). 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.

	EUO	TERG	Difference
Sharpe ratio Return per unit of total volatility	-0.53	—	—
Sortino ratio Return per unit of downside risk	-0.62	—	—
Omega ratio Gain probability vs. loss probability	0.92	—	—
Calmar ratio Return relative to maximum drawdown	-0.50	—	—
Martin ratio Return relative to average drawdown	-0.70	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EUO	TERG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.53	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	10.56	-10.51

Correlation

The correlation between EUO and TERG is -0.21. 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.

Dividends

EUO vs. TERG - Dividend Comparison

Neither EUO nor TERG has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

EUO vs. TERG - Drawdown Comparison

The maximum EUO drawdown since its inception was -38.58%, roughly equal to the maximum TERG drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for EUO and TERG.

Drawdown Indicators

	EUO	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-38.58%	-39.32%	+0.74%
Max Drawdown (1Y) Largest decline over 1 year	-16.43%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.28%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.61%	—	—
Current Drawdown Current decline from peak	-18.48%	-30.58%	+12.10%
Average Drawdown Average peak-to-trough decline	-18.49%	-9.77%	-8.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.66%	—	—

Volatility

Volatility by Period

	EUO	TERG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.64%	124.59%	-108.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.62%	124.59%	-108.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.97%	124.59%	-109.62%