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EURL vs. UPV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

EURL vs. UPV

Last updated May 12, 2025

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 -0.40. 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

EURL vs. UPV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily FTSE Europe Bull 3x Shares (EURL) and ProShares Ultra Europe (UPV). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Daily Std Dev

EURL:

28.30%

UPV:

13.70%

Max Drawdown

EURL:

-2.91%

UPV:

-1.87%

Current Drawdown

EURL:

-0.60%

UPV:

-0.83%

Returns By Period

EURL

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

UPV

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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EURL vs. UPV - Expense Ratio Comparison

EURL has a 1.07% expense ratio, which is higher than UPV's 0.95% expense ratio.

EURL
Direxion Daily FTSE Europe Bull 3x Shares
UPV
ProShares Ultra Europe

Risk-Adjusted Performance

EURL vs. UPV — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EURL
The Risk-Adjusted Performance Rank of EURL is 4646
Overall Rank
The Sharpe Ratio Rank of EURL is 3636
Sharpe Ratio Rank
The Sortino Ratio Rank of EURL is 5656
Sortino Ratio Rank
The Omega Ratio Rank of EURL is 5454
Omega Ratio Rank
The Calmar Ratio Rank of EURL is 4545
Calmar Ratio Rank
The Martin Ratio Rank of EURL is 4141
Martin Ratio Rank
UPV
The Risk-Adjusted Performance Rank of UPV is 6161
Overall Rank
The Sharpe Ratio Rank of UPV is 4646
Sharpe Ratio Rank
The Sortino Ratio Rank of UPV is 6565
Sortino Ratio Rank
The Omega Ratio Rank of UPV is 6363
Omega Ratio Rank
The Calmar Ratio Rank of UPV is 7373
Calmar Ratio Rank
The Martin Ratio Rank of UPV is 5757
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

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Dividends

EURL vs. UPV - Dividend Comparison

EURL's dividend yield for the trailing twelve months is around 2.38%, more than UPV's 1.94% yield.

TTM20242023202220212020201920182017201620152014
EURL
Direxion Daily FTSE Europe Bull 3x Shares		2.38%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
UPV
ProShares Ultra Europe		1.94%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

EURL vs. UPV - Drawdown Comparison

The maximum EURL drawdown since its inception was -2.91%, which is greater than UPV's maximum drawdown of -1.87%. Use the drawdown chart below to compare losses from any high point for EURL and UPV. For additional features, visit the drawdowns tool.

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Volatility

EURL vs. UPV - Volatility Comparison

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