EUO vs. USDU
EUO (ProShares UltraShort Euro) and USDU (WisdomTree Bloomberg U.S. Dollar Bullish Fund) are both exchange-traded funds - EUO is a Leveraged Currency fund tracking the USD/EUR Exchange Rate (-200%), while USDU is a Currency fund actively managed by WisdomTree. EUO is passively managed, while USDU is actively managed. Over the past 10 years, EUO returned 2.44%/yr vs 2.70%/yr for USDU. A 0.77 correlation means they provide meaningful diversification when combined. EUO charges 0.99%/yr vs 0.51%/yr for USDU.
Performance
EUO vs. USDU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EUO achieves a 4.34% return, which is significantly higher than USDU's 1.78% return. Over the past 10 years, EUO has underperformed USDU with an annualized return of 2.44%, while USDU has yielded a comparatively higher 2.70% annualized return.
EUO
- 1D
- -0.19%
- 1M
- 1.88%
- YTD
- 4.34%
- 6M
- 2.91%
- 1Y
- 1.37%
- 3Y*
- -0.56%
- 5Y*
- 5.50%
- 10Y*
- 2.44%
USDU
- 1D
- -0.11%
- 1M
- 1.08%
- YTD
- 1.78%
- 6M
- 1.41%
- 1Y
- 4.48%
- 3Y*
- 4.54%
- 5Y*
- 5.47%
- 10Y*
- 2.70%
EUO vs. USDU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUO ProShares UltraShort Euro | 4.34% | -18.87% | 19.79% | -1.02% | 13.88% | 14.83% | -15.97% | 10.51% | 14.39% | -21.71% |
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 1.78% | -3.14% | 14.56% | 3.10% | 7.67% | 4.07% | -5.43% | 1.54% | 5.40% | -7.44% |
Correlation
The correlation between EUO and USDU is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2013 | 0.77 |
The correlation between EUO and USDU has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EUO vs. USDU — Risk / Return Rank
EUO
USDU
EUO vs. USDU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Euro (EUO) and WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU). 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 | USDU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.14 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 1.24 | -1.06 |
| Martin ratioReturn relative to average drawdown | 0.37 | 3.36 | -2.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EUO | USDU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | 0.80 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.83 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.36 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.44 | -0.38 |
Drawdowns
EUO vs. USDU - Drawdown Comparison
The maximum EUO drawdown since its inception was -38.58%, which is greater than USDU's maximum drawdown of -14.54%. Use the drawdown chart below to compare losses from any high point for EUO and USDU.
Loading charts...
Drawdown Indicators
| EUO | USDU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.58% | -14.54% | -24.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -3.64% | -4.41% |
Max Drawdown (3Y)Largest decline over 3 years | -24.46% | -7.73% | -16.73% |
Max Drawdown (5Y)Largest decline over 5 years | -25.28% | -9.28% | -16.00% |
Max Drawdown (10Y)Largest decline over 10 years | -29.61% | -14.54% | -15.07% |
Current DrawdownCurrent decline from peak | -18.59% | -2.36% | -16.23% |
Average DrawdownAverage peak-to-trough decline | -18.50% | -4.72% | -13.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 1.34% | +2.37% |
Volatility
EUO vs. USDU - Volatility Comparison
ProShares UltraShort Euro (EUO) has a higher volatility of 2.50% compared to WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) at 1.25%. This indicates that EUO's price experiences larger fluctuations and is considered to be riskier than USDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EUO | USDU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 1.25% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 8.70% | 4.31% | +4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.59% | 5.63% | +6.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.55% | 6.62% | +8.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.87% | 7.46% | +7.41% |
EUO vs. USDU - Expense Ratio Comparison
EUO has a 0.99% expense ratio, which is higher than USDU's 0.51% expense ratio.
Dividends
EUO vs. USDU - Dividend Comparison
EUO has not paid dividends to shareholders, while USDU's dividend yield for the trailing twelve months is around 3.76%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 3.76% | 3.83% | 3.97% | 6.99% | 7.83% | 0.00% | 0.69% | 3.06% | 0.88% | 0.00% | 0.00% | 6.48% |
Frequently Asked Questions
EUO and USDU have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EUO has higher volatility (2.50%) compared to USDU (1.25%). In terms of maximum drawdown, EUO dropped -38.58% vs USDU's -14.54%.
On 10-year performance, USDU leads with 2.70% vs 2.44% for EUO. On fees, USDU is cheaper at 0.51% per year. On volatility, USDU has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USDU has performed better with a 2.70% return vs 2.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USDU is cheaper with a 0.51% expense ratio, compared with 0.99% for EUO.
USDU has the higher dividend yield at 3.76%, compared with 0.00% for EUO.
EUO is categorized as Leveraged Currency, while USDU is Currency. They also come from different issuers: ProShares and WisdomTree. Their fees differ too: 0.99% for EUO and 0.51% for USDU.
USDU currently has the higher Sharpe Ratio (0.80 vs 0.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for EUO and USDU
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer