EUO vs. ULE
Compare and contrast key facts about ProShares UltraShort Euro (EUO) and ProShares Ultra Euro (ULE).
EUO and ULE 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. ULE 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. Both EUO and ULE 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 ULE.
Key characteristics
| EUO | ULE | |
|---|---|---|
| YTD Return | 7.24% | -4.60% |
| 1Y Return | 10.50% | -4.68% |
| 3Y Return (Ann) | 10.43% | -9.27% |
| 5Y Return (Ann) | 3.84% | -4.46% |
| 10Y Return (Ann) | 6.59% | -8.34% |
| Sharpe Ratio | 0.84 | -0.37 |
| Daily Std Dev | 13.54% | 13.47% |
| Max Drawdown | -38.58% | -72.74% |
| Current Drawdown | -13.91% | -66.49% |
Correlation
The correlation between EUO and ULE is -0.95. 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. ULE - Performance Comparison
In the year-to-date period, EUO achieves a 7.24% return, which is significantly higher than ULE's -4.60% return. Over the past 10 years, EUO has outperformed ULE with an annualized return of 6.59%, while ULE has yielded a comparatively lower -8.34% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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. ULE - Expense Ratio Comparison
EUO has a 0.99% expense ratio, which is higher than ULE's 0.95% expense ratio.
Risk-Adjusted Performance
EUO vs. ULE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Euro (EUO) and ProShares Ultra Euro (ULE). 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. ULE - Dividend Comparison
Neither EUO nor ULE has paid dividends to shareholders.
Drawdowns
EUO vs. ULE - Drawdown Comparison
The maximum EUO drawdown since its inception was -38.58%, smaller than the maximum ULE drawdown of -72.74%. Use the drawdown chart below to compare losses from any high point for EUO and ULE. For additional features, visit the drawdowns tool.
Volatility
EUO vs. ULE - Volatility Comparison
ProShares UltraShort Euro (EUO) and ProShares Ultra Euro (ULE) have volatilities of 3.55% and 3.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.