MURGY vs. EUO
MURGY (Muenchener Rueckver Ges) is a stock, while EUO (ProShares UltraShort Euro) is Leveraged Currency fund tracking the USD/EUR Exchange Rate (-200%). Over the past 10 years, MURGY returned 16.33%/yr vs 2.38%/yr for EUO. At a correlation of -0.42, they often move in opposite directions.
Performance
MURGY vs. EUO - Performance Comparison
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Returns By Period
In the year-to-date period, MURGY achieves a -18.36% return, which is significantly lower than EUO's 5.79% return. Over the past 10 years, MURGY has outperformed EUO with an annualized return of 16.33%, while EUO has yielded a comparatively lower 2.38% annualized return.
MURGY
- 1D
- -0.13%
- 1M
- -12.87%
- YTD
- -18.36%
- 6M
- -13.37%
- 1Y
- -18.42%
- 3Y*
- 18.28%
- 5Y*
- 17.42%
- 10Y*
- 16.33%
EUO
- 1D
- -0.20%
- 1M
- 4.68%
- YTD
- 5.79%
- 6M
- 4.10%
- 1Y
- 2.43%
- 3Y*
- 0.08%
- 5Y*
- 5.80%
- 10Y*
- 2.38%
MURGY vs. EUO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MURGY Muenchener Rueckver Ges | -18.36% | 36.01% | 23.53% | 34.32% | 14.50% | 2.58% | 4.34% | 38.79% | 4.17% | 28.67% |
EUO ProShares UltraShort Euro | 5.79% | -18.87% | 19.79% | -1.02% | 13.88% | 14.83% | -15.97% | 10.51% | 14.39% | -21.71% |
Correlation
The correlation between MURGY and EUO is -0.36, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.35 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2008 | -0.42 |
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Return for Risk
MURGY vs. EUO — Risk / Return Rank
MURGY
EUO
MURGY vs. EUO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Muenchener Rueckver Ges (MURGY) and ProShares UltraShort Euro (EUO). 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.
| MURGY | EUO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.04 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 0.30 | -1.04 |
| Martin ratioReturn relative to average drawdown | -1.65 | 0.67 | -2.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MURGY | EUO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.82 | 0.19 | -1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.37 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.16 | +0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.06 | +0.44 |
Drawdowns
MURGY vs. EUO - Drawdown Comparison
The maximum MURGY drawdown since its inception was -48.01%, which is greater than EUO's maximum drawdown of -38.58%. Use the drawdown chart below to compare losses from any high point for MURGY and EUO.
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Drawdown Indicators
| MURGY | EUO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.01% | -38.58% | -9.43% |
Max Drawdown (1Y)Largest decline over 1 year | -25.23% | -8.05% | -17.18% |
Max Drawdown (3Y)Largest decline over 3 years | -25.23% | -24.46% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -29.54% | -25.28% | -4.26% |
Max Drawdown (10Y)Largest decline over 10 years | -48.01% | -29.61% | -18.40% |
Current DrawdownCurrent decline from peak | -23.90% | -17.46% | -6.44% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -18.50% | +9.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.19% | 3.71% | +7.48% |
Volatility
MURGY vs. EUO - Volatility Comparison
Muenchener Rueckver Ges (MURGY) has a higher volatility of 8.59% compared to ProShares UltraShort Euro (EUO) at 2.76%. This indicates that MURGY's price experiences larger fluctuations and is considered to be riskier than EUO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MURGY | EUO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.59% | 2.76% | +5.83% |
Volatility (6M)Calculated over the trailing 6-month period | 16.93% | 8.81% | +8.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.48% | 12.68% | +9.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.47% | 15.57% | +8.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.96% | 14.88% | +11.08% |
Dividends
MURGY vs. EUO - Dividend Comparison
MURGY's dividend yield for the trailing twelve months is around 5.39%, while EUO has not paid dividends to shareholders.
| 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% |
MURGY Muenchener Rueckver Ges | 5.39% | 3.31% | 3.21% | 2.98% | 3.73% | 2.68% | 2.50% | 2.44% | 3.39% | 10.17% | 9.45% | 4.25% |
Frequently Asked Questions
MURGY and EUO have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MURGY has higher volatility (8.59%) compared to EUO (2.76%). In terms of maximum drawdown, MURGY dropped -48.01% vs EUO's -38.58%.
EUO currently has the higher Sharpe Ratio (0.19 vs -0.82), 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.
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