EUO vs. VOO
Compare and contrast key facts about ProShares UltraShort Euro (EUO) and Vanguard S&P 500 ETF (VOO).
EUO and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both EUO and VOO 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 VOO.
Key characteristics
| EUO | VOO | |
|---|---|---|
| Sharpe Ratio | 1.07 | 2.74 |
| Sortino Ratio | 1.64 | 3.65 |
| Omega Ratio | 1.19 | 1.51 |
| Calmar Ratio | 0.64 | 3.96 |
| Martin Ratio | 3.99 | 17.95 |
| Ulcer Index | 3.34% | 1.86% |
| Daily Std Dev | 12.41% | 12.20% |
| Max Drawdown | -38.58% | -33.99% |
| Current Drawdown | -6.66% | 0.00% |
Correlation
The correlation between EUO and VOO is -0.19. 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. VOO - Performance Comparison
Returns By Period
In the year-to-date period, EUO achieves a 16.26% return, which is significantly lower than VOO's 28.35% return. Over the past 10 years, EUO has underperformed VOO with an annualized return of 4.92%, while VOO has yielded a comparatively higher 13.33% annualized return.
EUO
16.26%
6.87%
10.35%
12.18%
4.47%
4.92%
VOO
28.35%
5.75%
15.05%
34.12%
16.01%
13.33%
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EUO vs. VOO - Expense Ratio Comparison
EUO has a 0.99% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
EUO vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Euro (EUO) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
EUO has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.22%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VOO Vanguard S&P 500 ETF | 1.22% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
EUO vs. VOO - Drawdown Comparison
The maximum EUO drawdown since its inception was -38.58%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for EUO and VOO. For additional features, visit the drawdowns tool.
Volatility
EUO vs. VOO - Volatility Comparison
ProShares UltraShort Euro (EUO) has a higher volatility of 5.90% compared to Vanguard S&P 500 ETF (VOO) at 3.33%. This indicates that EUO's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.