ULE vs. EUO
Compare and contrast key facts about ProShares Ultra Euro (ULE) and ProShares UltraShort Euro (EUO).
ULE and EUO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ULE 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. 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. Both ULE and EUO 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: ULE or EUO.
Key characteristics
| ULE | EUO | |
|---|---|---|
| YTD Return | -4.60% | 7.24% |
| 1Y Return | -4.68% | 10.50% |
| 3Y Return (Ann) | -9.27% | 10.43% |
| 5Y Return (Ann) | -4.46% | 3.84% |
| 10Y Return (Ann) | -8.34% | 6.59% |
| Sharpe Ratio | -0.37 | 0.84 |
| Daily Std Dev | 13.47% | 13.54% |
| Max Drawdown | -72.74% | -38.58% |
| Current Drawdown | -66.49% | -13.91% |
Correlation
The correlation between ULE and EUO is -0.95. 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
ULE vs. EUO - Performance Comparison
In the year-to-date period, ULE achieves a -4.60% return, which is significantly lower than EUO's 7.24% return. Over the past 10 years, ULE has underperformed EUO with an annualized return of -8.34%, while EUO has yielded a comparatively higher 6.59% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ULE vs. EUO - Expense Ratio Comparison
ULE has a 0.95% expense ratio, which is lower than EUO's 0.99% expense ratio.
Risk-Adjusted Performance
ULE vs. EUO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Euro (ULE) 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.
Dividends
ULE vs. EUO - Dividend Comparison
Neither ULE nor EUO has paid dividends to shareholders.
Drawdowns
ULE vs. EUO - Drawdown Comparison
The maximum ULE drawdown since its inception was -72.74%, which is greater than EUO's maximum drawdown of -38.58%. Use the drawdown chart below to compare losses from any high point for ULE and EUO. For additional features, visit the drawdowns tool.
Volatility
ULE vs. EUO - Volatility Comparison
ProShares Ultra Euro (ULE) and ProShares UltraShort Euro (EUO) have volatilities of 3.72% and 3.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.