ProShares - Ultra MSCI Emerging Markets
CThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$104.31−1.35 (−1.28%)
- 1.46%
- $38M
- +49.8%
- 1.65%
- 0M sh
- $105.66
- low $73.15high $129.02
The ETF.net EET Grade
C
Score 45 out of 100
- 32 of 99
Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F21 out of 100Rank 78 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B65 out of 100Rank 23 of 96Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B67 out of 100Rank 23 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D30 out of 100Rank 21 of 23Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A71 out of 100Rank 16 of 99
Our read on EET
CA leveraged bet that skips the usual S&P and Nasdaq playbook: EET aims for twice the daily move of the MSCI Emerging Markets Index. Broad EM beta, dialed to 2x, resetting every single day.
The fund seeks daily investment results, before fees and expenses, that correspond to twice the daily performance of the MSCI Emerging Markets Index.
Why people hold it
- Rare geography for a leveraged fund. Most daily-leverage products chase US large caps or sectors; EET's reference point is the MSCI Emerging Markets Index.
- Live since 2009, so the mechanism has run through a full range of emerging-market cycles under one issuer, ProShares.
- The mandate is transparent and rules-based: 2x the daily performance of a widely followed EM benchmark, before fees and expenses. No stock picking, no discretion.proshares.com
- Distributions come on a quarterly schedule rather than being rolled up once a year.
Worth knowing
- The leverage resets daily. Hold longer than a day and compounding takes over, so results over a week or a year can differ substantially from 2x the index move for that stretch.
- At a 1.46% expense ratio, it carries a heavier fee load than the typical daily-leverage fund, and that cost is charged whether the index rises or falls.
- It's one of the smaller, more lightly traded names in the leveraged aisle, so spreads can be wider than the household-name 3x funds. Limit orders matter here.
EET Holdings
- Stocks
- 2
- 100%
- IQMM
Sectors
- Financials100.0%
Geography
- United States100.00%
EET Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
EET$14,975
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | EET |
|---|---|
| Year to date | +33.6% |
| 1 month | −5.0% |
| 3 months | −4.1% |
| 1 year | +49.8% |
| 3 years | +36.6% |
| 5 years | +5.6% |
| 10 years | +7.5% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | EET |
|---|---|---|
| 2026 YTD | +33.6% | |
| 2025 | +63.2% | |
| 2024 | +2.9% | |
| 2023 | +7.1% | |
| 2022 | −42.9% | |
| 2021 | −10.9% | |
| 2020 | +18.9% |
EET in the news
EET Dividends
- 1.65%
- $1.75
- $0.47 per share
- Quarterly
Distribution history
EET Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 31.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.04
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −59.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.67
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EET Cost
1.46%
EET1.46%
- The middle half of Leveraged Long (2x & Other) funds
- Median 1.00%
77 of the 95 Leveraged Long (2x & Other) funds charge less.
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