USDU vs. EUO
USDU (WisdomTree Bloomberg U.S. Dollar Bullish Fund) and EUO (ProShares UltraShort Euro) are both exchange-traded funds - USDU is a Currency fund actively managed by WisdomTree, while EUO is a Leveraged Currency fund tracking the USD/EUR Exchange Rate (-200%). USDU is actively managed, while EUO is passively managed. Over the past 10 years, USDU returned 2.70%/yr vs 2.44%/yr for EUO. A 0.77 correlation means they provide meaningful diversification when combined. USDU charges 0.51%/yr vs 0.99%/yr for EUO.
Performance
USDU vs. EUO - Performance Comparison
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Returns By Period
In the year-to-date period, USDU achieves a 1.78% return, which is significantly lower than EUO's 4.34% return. Over the past 10 years, USDU has outperformed EUO with an annualized return of 2.70%, while EUO has yielded a comparatively lower 2.44% annualized return.
USDU
- 1D
- -0.11%
- 1M
- 1.08%
- YTD
- 1.78%
- 6M
- 1.41%
- 1Y
- 4.48%
- 3Y*
- 4.54%
- 5Y*
- 5.47%
- 10Y*
- 2.70%
EUO
- 1D
- -0.19%
- 1M
- 1.88%
- YTD
- 4.34%
- 6M
- 2.91%
- 1Y
- 1.37%
- 3Y*
- -0.56%
- 5Y*
- 5.50%
- 10Y*
- 2.44%
USDU vs. EUO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 1.78% | -3.14% | 14.56% | 3.10% | 7.67% | 4.07% | -5.43% | 1.54% | 5.40% | -7.44% |
EUO ProShares UltraShort Euro | 4.34% | -18.87% | 19.79% | -1.02% | 13.88% | 14.83% | -15.97% | 10.51% | 14.39% | -21.71% |
Correlation
The correlation between USDU and EUO is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2013 | 0.77 |
The correlation between USDU and EUO has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.
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Return for Risk
USDU vs. EUO — Risk / Return Rank
USDU
EUO
USDU vs. EUO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) 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.
| USDU | EUO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.03 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 0.17 | +1.06 |
| Martin ratioReturn relative to average drawdown | 3.36 | 0.37 | +2.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USDU | EUO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.11 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.36 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.16 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.05 | +0.38 |
Drawdowns
USDU vs. EUO - Drawdown Comparison
The maximum USDU drawdown since its inception was -14.54%, smaller than the maximum EUO drawdown of -38.58%. Use the drawdown chart below to compare losses from any high point for USDU and EUO.
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Drawdown Indicators
| USDU | EUO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.54% | -38.58% | +24.04% |
Max Drawdown (1Y)Largest decline over 1 year | -3.64% | -8.05% | +4.41% |
Max Drawdown (3Y)Largest decline over 3 years | -7.73% | -24.46% | +16.73% |
Max Drawdown (5Y)Largest decline over 5 years | -9.28% | -25.28% | +16.00% |
Max Drawdown (10Y)Largest decline over 10 years | -14.54% | -29.61% | +15.07% |
Current DrawdownCurrent decline from peak | -2.36% | -18.59% | +16.23% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -18.50% | +13.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 3.71% | -2.37% |
Volatility
USDU vs. EUO - Volatility Comparison
The current volatility for WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) is 1.25%, while ProShares UltraShort Euro (EUO) has a volatility of 2.50%. This indicates that USDU experiences smaller price fluctuations and is considered to be less risky than EUO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USDU | EUO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 2.50% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 4.31% | 8.70% | -4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.63% | 12.59% | -6.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 15.55% | -8.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.46% | 14.87% | -7.41% |
USDU vs. EUO - Expense Ratio Comparison
USDU has a 0.51% expense ratio, which is lower than EUO's 0.99% expense ratio.
Dividends
USDU vs. EUO - Dividend Comparison
USDU's dividend yield for the trailing twelve months is around 3.76%, while EUO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUO ProShares UltraShort Euro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 3.76% | 3.83% | 3.97% | 6.99% | 7.83% | 0.00% | 0.69% | 3.06% | 0.88% | 0.00% | 0.00% | 6.48% |
Frequently Asked Questions
USDU and EUO have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EUO has higher volatility (2.50%) compared to USDU (1.25%). In terms of maximum drawdown, USDU dropped -14.54% vs EUO's -38.58%.
On 10-year performance, USDU leads with 2.70% vs 2.44% for EUO. On fees, USDU is cheaper at 0.51% per year. On volatility, USDU has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USDU has performed better with a 2.70% return vs 2.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USDU is cheaper with a 0.51% expense ratio, compared with 0.99% for EUO.
USDU has the higher dividend yield at 3.76%, compared with 0.00% for EUO.
USDU is categorized as Currency, while EUO is Leveraged Currency. They also come from different issuers: WisdomTree and ProShares. Their fees differ too: 0.51% for USDU and 0.99% for EUO.
USDU currently has the higher Sharpe Ratio (0.80 vs 0.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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