EURL vs. UPV
Compare and contrast key facts about Direxion Daily FTSE Europe Bull 3x Shares (EURL) and ProShares Ultra Europe (UPV).
EURL and UPV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EURL is a passively managed fund by Direxion that tracks the performance of the FTSE Developed Europe Index (300%). It was launched on Jan 22, 2014. UPV is a passively managed fund by ProShares that tracks the performance of the MSCI Europe Index (200%). It was launched on Apr 30, 2010. Both EURL and UPV 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: EURL or UPV.
Correlation
The correlation between EURL and UPV is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EURL vs. UPV - Performance Comparison
Key characteristics
EURL:
0.15
UPV:
0.10
EURL:
0.59
UPV:
0.40
EURL:
1.08
UPV:
1.05
EURL:
0.15
UPV:
0.13
EURL:
0.51
UPV:
0.34
EURL:
16.02%
UPV:
10.64%
EURL:
52.52%
UPV:
35.52%
EURL:
-84.65%
UPV:
-67.25%
EURL:
-39.78%
UPV:
-11.64%
Returns By Period
In the year-to-date period, EURL achieves a 22.11% return, which is significantly higher than UPV's 16.37% return. Over the past 10 years, EURL has underperformed UPV with an annualized return of -1.89%, while UPV has yielded a comparatively higher 3.92% annualized return.
EURL
22.11%
-14.95%
-4.73%
9.16%
20.46%
-1.89%
UPV
16.37%
-9.13%
-0.70%
10.81%
18.55%
3.92%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EURL vs. UPV - Expense Ratio Comparison
EURL has a 1.07% expense ratio, which is higher than UPV's 0.95% expense ratio.
Risk-Adjusted Performance
EURL vs. UPV — Risk-Adjusted Performance Rank
EURL
UPV
EURL vs. UPV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily FTSE Europe Bull 3x Shares (EURL) and ProShares Ultra Europe (UPV). 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
EURL vs. UPV - Dividend Comparison
EURL's dividend yield for the trailing twelve months is around 2.85%, more than UPV's 2.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EURL Direxion Daily FTSE Europe Bull 3x Shares | 2.85% | 3.51% | 2.50% | 1.80% | 0.33% | 0.41% | 1.17% | 3.07% | 0.38% | 0.00% | 0.00% | 0.79% |
UPV ProShares Ultra Europe | 2.18% | 2.70% | 1.56% | 0.00% | 0.00% | 0.00% | 0.64% | 3.79% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EURL vs. UPV - Drawdown Comparison
The maximum EURL drawdown since its inception was -84.65%, which is greater than UPV's maximum drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for EURL and UPV. For additional features, visit the drawdowns tool.
Volatility
EURL vs. UPV - Volatility Comparison
Direxion Daily FTSE Europe Bull 3x Shares (EURL) has a higher volatility of 34.14% compared to ProShares Ultra Europe (UPV) at 23.04%. This indicates that EURL's price experiences larger fluctuations and is considered to be riskier than UPV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.