UYG vs. EUFN

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares Ultra Financials (UYG) and iShares MSCI Europe Financials ETF (EUFN).

UYG and EUFN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UYG is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Financials Index (200%). It was launched on Jan 30, 2007. EUFN is a passively managed fund by iShares that tracks the performance of the MSCI Europe Financials Index. It was launched on Jan 20, 2010. Both UYG and EUFN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

UYG vs. EUFN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Financials (UYG) and iShares MSCI Europe Financials ETF (EUFN). The values are adjusted to include any dividend payments, if applicable.

UYG vs. EUFN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UYG ProShares Ultra Financials	-19.79%	19.77%	55.71%	22.14%	-32.11%	76.26%	-20.32%	66.15%	-22.61%	39.28%
EUFN iShares MSCI Europe Financials ETF	-6.04%	65.73%	17.20%	26.15%	-8.78%	19.13%	-8.55%	20.73%	-23.14%	26.94%

Returns By Period

In the year-to-date period, UYG achieves a -19.79% return, which is significantly lower than EUFN's -6.04% return. Over the past 10 years, UYG has outperformed EUFN with an annualized return of 16.07%, while EUFN has yielded a comparatively lower 11.63% annualized return.

UYG

• 1D: 4.23%
• 1M: -7.23%
• YTD: -19.79%
• 6M: -17.96%
• 1Y: -8.20%
• 3Y*: 25.33%
• 5Y*: 11.21%
• 10Y*: 16.07%

EUFN

• 1D: 4.25%
• 1M: -7.58%
• YTD: -6.04%
• 6M: 2.94%
• 1Y: 27.35%
• 3Y*: 29.23%
• 5Y*: 17.62%
• 10Y*: 11.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UYG vs. EUFN - Expense Ratio Comparison

UYG has a 0.95% expense ratio, which is higher than EUFN's 0.48% expense ratio.

UYG

ProShares Ultra Financials

EUFN

iShares MSCI Europe Financials ETF

Return for Risk

UYG vs. EUFN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UYG

UYG Risk / Return Rank: 9
UYG Sharpe Ratio Rank: 8
UYG Sortino Ratio Rank: 9
UYG Omega Ratio Rank: 9
UYG Calmar Ratio Rank: 9
UYG Martin Ratio Rank: 8

EUFN

EUFN Risk / Return Rank: 70
EUFN Sharpe Ratio Rank: 73
EUFN Sortino Ratio Rank: 72
EUFN Omega Ratio Rank: 69
EUFN Calmar Ratio Rank: 71
EUFN Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UYG vs. EUFN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Financials (UYG) and iShares MSCI Europe Financials ETF (EUFN). 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.

	UYG	EUFN	Difference
Sharpe ratio Return per unit of total volatility	-0.21	1.24	-1.45
Sortino ratio Return per unit of downside risk	-0.04	1.76	-1.80
Omega ratio Gain probability vs. loss probability	0.99	1.24	-0.25
Calmar ratio Return relative to maximum drawdown	-0.20	1.74	-1.95
Martin ratio Return relative to average drawdown	-0.58	6.10	-6.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UYG vs. EUFN - Sharpe Ratio Comparison

The current UYG Sharpe Ratio is -0.21, which is lower than the EUFN Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of UYG and EUFN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UYG	EUFN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.21	1.24	-1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.82	-0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.48	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.25	-0.26

Correlation

The correlation between UYG and EUFN is 0.71, 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.

Dividends

UYG vs. EUFN - Dividend Comparison

UYG's dividend yield for the trailing twelve months is around 14.56%, more than EUFN's 3.80% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UYG ProShares Ultra Financials	14.56%	11.72%	0.51%	0.79%	0.77%	9.39%	0.66%	0.90%	1.28%	0.56%	0.76%	0.72%
EUFN iShares MSCI Europe Financials ETF	3.80%	3.57%	5.36%	5.00%	4.24%	4.15%	1.38%	4.55%	6.48%	3.04%	4.03%	3.65%

Drawdowns

UYG vs. EUFN - Drawdown Comparison

The maximum UYG drawdown since its inception was -97.90%, which is greater than EUFN's maximum drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for UYG and EUFN.

Drawdown Indicators

	UYG	EUFN	Difference
Max Drawdown Largest peak-to-trough decline	-97.90%	-53.25%	-44.65%
Max Drawdown (1Y) Largest decline over 1 year	-28.91%	-14.77%	-14.14%
Max Drawdown (5Y) Largest decline over 5 years	-47.77%	-35.15%	-12.62%
Max Drawdown (10Y) Largest decline over 10 years	-69.98%	-53.25%	-16.73%
Current Drawdown Current decline from peak	-24.25%	-10.30%	-13.95%
Average Drawdown Average peak-to-trough decline	-63.78%	-14.68%	-49.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.08%	4.22%	+5.86%

Volatility

UYG vs. EUFN - Volatility Comparison

ProShares Ultra Financials (UYG) and iShares MSCI Europe Financials ETF (EUFN) have volatilities of 9.55% and 9.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UYG	EUFN	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.55%	9.84%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	23.04%	14.70%	+8.34%
Volatility (1Y) Calculated over the trailing 1-year period	38.69%	22.21%	+16.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.17%	21.57%	+14.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.08%	24.53%	+16.55%