ULE vs. EURUSD=X
Compare and contrast key facts about ProShares Ultra Euro (ULE) and EUR/USD (EURUSD=X).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ULE or EURUSD=X.
Correlation
The correlation between ULE and EURUSD=X is 0.93, 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
ULE vs. EURUSD=X - Performance Comparison
Key characteristics
ULE:
-0.89
EURUSD=X:
-0.90
ULE:
-1.14
EURUSD=X:
-1.18
ULE:
0.86
EURUSD=X:
0.85
ULE:
-0.17
EURUSD=X:
-0.14
ULE:
-1.98
EURUSD=X:
-1.57
ULE:
5.87%
EURUSD=X:
3.25%
ULE:
13.11%
EURUSD=X:
5.49%
ULE:
-72.74%
EURUSD=X:
-57.54%
ULE:
-69.42%
EURUSD=X:
-35.53%
Returns By Period
In the year-to-date period, ULE achieves a -1.31% return, which is significantly lower than EURUSD=X's -0.45% return. Over the past 10 years, ULE has underperformed EURUSD=X with an annualized return of -5.99%, while EURUSD=X has yielded a comparatively higher -1.31% annualized return.
ULE
-1.31%
-5.06%
-9.72%
-11.20%
-5.34%
-5.99%
EURUSD=X
-0.45%
-2.34%
-4.83%
-5.71%
-1.41%
-1.31%
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Risk-Adjusted Performance
ULE vs. EURUSD=X — Risk-Adjusted Performance Rank
ULE
EURUSD=X
ULE vs. EURUSD=X - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Euro (ULE) and EUR/USD (EURUSD=X). 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.
Drawdowns
ULE vs. EURUSD=X - Drawdown Comparison
The maximum ULE drawdown since its inception was -72.74%, which is greater than EURUSD=X's maximum drawdown of -57.54%. Use the drawdown chart below to compare losses from any high point for ULE and EURUSD=X. For additional features, visit the drawdowns tool.
Volatility
ULE vs. EURUSD=X - Volatility Comparison
ProShares Ultra Euro (ULE) has a higher volatility of 4.25% compared to EUR/USD (EURUSD=X) at 2.16%. This indicates that ULE's price experiences larger fluctuations and is considered to be riskier than EURUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.