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 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ULE vs. EURUSD=X - Performance Comparison
Key characteristics
ULE:
0.47
EURUSD=X:
0.65
ULE:
0.91
EURUSD=X:
1.24
ULE:
1.10
EURUSD=X:
1.12
ULE:
0.13
EURUSD=X:
0.03
ULE:
1.12
EURUSD=X:
1.64
ULE:
7.93%
EURUSD=X:
4.22%
ULE:
17.64%
EURUSD=X:
7.42%
ULE:
-72.74%
EURUSD=X:
-39.99%
ULE:
-63.57%
EURUSD=X:
-29.65%
Returns By Period
In the year-to-date period, ULE achieves a 17.55% return, which is significantly higher than EURUSD=X's 8.63% return. Over the past 10 years, ULE has underperformed EURUSD=X with an annualized return of -3.13%, while EURUSD=X has yielded a comparatively higher 0.04% annualized return.
ULE
17.55%
5.59%
10.33%
8.19%
-0.70%
-3.13%
EURUSD=X
8.63%
2.70%
4.94%
4.32%
1.03%
0.04%
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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 -39.99%. 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 8.60% compared to EUR/USD (EURUSD=X) at 3.59%. 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.