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EUO vs. ULE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


EUOULE
YTD Return8.37%-5.07%
1Y Return8.89%-2.98%
3Y Return (Ann)9.94%-8.60%
5Y Return (Ann)4.55%-4.99%
10Y Return (Ann)6.21%-7.92%
Sharpe Ratio0.70-0.26
Daily Std Dev13.30%13.21%
Max Drawdown-38.58%-72.74%
Current Drawdown-13.00%-66.66%

Correlation

-0.50.00.51.0-1.0

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 8.37% return, which is significantly higher than ULE's -5.07% return. Over the past 10 years, EUO has outperformed ULE with an annualized return of 6.21%, while ULE has yielded a comparatively lower -7.92% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%2024FebruaryMarchAprilMayJune
6.62%
-3.31%
EUO
ULE

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ProShares UltraShort Euro

ProShares Ultra Euro

EUO vs. ULE - Expense Ratio Comparison

EUO has a 0.99% expense ratio, which is higher than ULE's 0.95% expense ratio.


EUO
ProShares UltraShort Euro
Expense ratio chart for EUO: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%
Expense ratio chart for ULE: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

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.


EUO
Sharpe ratio
The chart of Sharpe ratio for EUO, currently valued at 0.70, compared to the broader market0.002.004.006.000.70
Sortino ratio
The chart of Sortino ratio for EUO, currently valued at 1.07, compared to the broader market0.005.0010.001.07
Omega ratio
The chart of Omega ratio for EUO, currently valued at 1.13, compared to the broader market0.501.001.502.002.503.003.501.13
Calmar ratio
The chart of Calmar ratio for EUO, currently valued at 0.38, compared to the broader market0.005.0010.0015.0020.000.38
Martin ratio
The chart of Martin ratio for EUO, currently valued at 2.20, compared to the broader market0.0020.0040.0060.0080.00100.002.20
ULE
Sharpe ratio
The chart of Sharpe ratio for ULE, currently valued at -0.26, compared to the broader market0.002.004.006.00-0.26
Sortino ratio
The chart of Sortino ratio for ULE, currently valued at -0.28, compared to the broader market0.005.0010.00-0.28
Omega ratio
The chart of Omega ratio for ULE, currently valued at 0.97, compared to the broader market0.501.001.502.002.503.003.500.97
Calmar ratio
The chart of Calmar ratio for ULE, currently valued at -0.05, compared to the broader market0.005.0010.0015.0020.00-0.05
Martin ratio
The chart of Martin ratio for ULE, currently valued at -0.46, compared to the broader market0.0020.0040.0060.0080.00100.00-0.46

EUO vs. ULE - Sharpe Ratio Comparison

The current EUO Sharpe Ratio is 0.70, which is higher than the ULE Sharpe Ratio of -0.26. The chart below compares the 12-month rolling Sharpe Ratio of EUO and ULE.


Rolling 12-month Sharpe Ratio-0.500.000.501.002024FebruaryMarchAprilMayJune
0.70
-0.26
EUO
ULE

Dividends

EUO vs. ULE - Dividend Comparison

Neither EUO nor ULE has paid dividends to shareholders.


Tickers have no history of dividend payments

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.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%2024FebruaryMarchAprilMayJune
-13.00%
-66.66%
EUO
ULE

Volatility

EUO vs. ULE - Volatility Comparison

ProShares UltraShort Euro (EUO) and ProShares Ultra Euro (ULE) have volatilities of 3.44% and 3.43%, 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.


2.00%2.50%3.00%3.50%4.00%4.50%5.00%5.50%2024FebruaryMarchAprilMayJune
3.44%
3.43%
EUO
ULE