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:
-0.52
EURUSD=X:
-0.48
ULE:
-0.64
EURUSD=X:
-0.62
ULE:
0.92
EURUSD=X:
0.92
ULE:
-0.10
EURUSD=X:
-0.08
ULE:
-0.99
EURUSD=X:
-0.70
ULE:
7.23%
EURUSD=X:
4.09%
ULE:
13.83%
EURUSD=X:
5.79%
ULE:
-72.74%
EURUSD=X:
-57.54%
ULE:
-68.85%
EURUSD=X:
-34.98%
Returns By Period
In the year-to-date period, ULE achieves a 0.51% return, which is significantly higher than EURUSD=X's 0.40% return. Over the past 10 years, ULE has underperformed EURUSD=X with an annualized return of -5.06%, while EURUSD=X has yielded a comparatively higher -0.86% annualized return.
ULE
0.51%
3.55%
-10.94%
-5.83%
-3.97%
-5.06%
EURUSD=X
0.40%
1.46%
-5.61%
-2.93%
-0.76%
-0.86%
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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 5.12% compared to EUR/USD (EURUSD=X) at 2.53%. 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.