UPV vs. FEZ
Compare and contrast key facts about ProShares Ultra Europe (UPV) and SPDR EURO STOXX 50 ETF (FEZ).
UPV and FEZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UPV is a passively managed fund by ProShares that tracks the performance of the MSCI Europe Index (200%). It was launched on Apr 30, 2010. FEZ is a passively managed fund by State Street that tracks the performance of the EURO STOXX 50 Index. It was launched on Oct 21, 2002. Both UPV and FEZ 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: UPV or FEZ.
Performance
UPV vs. FEZ - Performance Comparison
Returns By Period
In the year-to-date period, UPV achieves a -2.37% return, which is significantly lower than FEZ's 2.32% return. Over the past 10 years, UPV has underperformed FEZ with an annualized return of 2.77%, while FEZ has yielded a comparatively higher 4.99% annualized return.
UPV
-2.37%
-11.90%
-13.38%
9.68%
2.87%
2.77%
FEZ
2.32%
-6.25%
-7.35%
8.18%
6.77%
4.99%
Key characteristics
| UPV | FEZ | |
|---|---|---|
| Sharpe Ratio | 0.47 | 0.53 |
| Sortino Ratio | 0.81 | 0.82 |
| Omega Ratio | 1.10 | 1.10 |
| Calmar Ratio | 0.40 | 0.73 |
| Martin Ratio | 1.95 | 2.16 |
| Ulcer Index | 6.37% | 3.84% |
| Daily Std Dev | 26.29% | 15.76% |
| Max Drawdown | -67.25% | -64.21% |
| Current Drawdown | -21.86% | -11.32% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
UPV vs. FEZ - Expense Ratio Comparison
UPV has a 0.95% expense ratio, which is higher than FEZ's 0.29% expense ratio.
Correlation
The correlation between UPV and FEZ is 0.89, 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.
Risk-Adjusted Performance
UPV vs. FEZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Europe (UPV) and SPDR EURO STOXX 50 ETF (FEZ). 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
UPV vs. FEZ - Dividend Comparison
UPV's dividend yield for the trailing twelve months is around 2.34%, less than FEZ's 2.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPV ProShares Ultra Europe | 2.34% | 1.56% | 0.00% | 0.00% | 0.00% | 0.64% | 3.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FEZ SPDR EURO STOXX 50 ETF | 2.89% | 2.75% | 3.05% | 2.61% | 2.12% | 2.61% | 3.45% | 2.44% | 3.35% | 3.03% | 3.78% | 2.72% |
Drawdowns
UPV vs. FEZ - Drawdown Comparison
The maximum UPV drawdown since its inception was -67.25%, roughly equal to the maximum FEZ drawdown of -64.21%. Use the drawdown chart below to compare losses from any high point for UPV and FEZ. For additional features, visit the drawdowns tool.
Volatility
UPV vs. FEZ - Volatility Comparison
ProShares Ultra Europe (UPV) has a higher volatility of 8.61% compared to SPDR EURO STOXX 50 ETF (FEZ) at 5.00%. This indicates that UPV's price experiences larger fluctuations and is considered to be riskier than FEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.