ProShares - UltraShort MSCI Emerging Markets
$10.28+0.18 (+1.83%)
- Expense ratio
- 2.69%
- Fund size
- $2M
- 1Y return
- −48.8%
- Yield · Last 12 months
- 8.47%
- Holdings
- 6
- Volume · 30D
- 0M sh
- NAV per share
- $10.76
- 52W range
The ETF.net EEV Grade
Score 28 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 24Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 24Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 40Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 57Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 39Category rank
Our read on EEV
DA double-strength short on emerging markets. EEV aims for -2x the daily move of the MSCI Emerging Markets Index and resets every session, so it's built for day-scale calls, not long holds. Trading since 2007.
The fund seeks before-fee and expense results equal to negative two times the daily performance of the MSCI Emerging Markets Index.
Why people hold it
- Rare mechanism: -2x daily exposure to a broad emerging-market equity index. ProShares' own single-inverse EUM tracks the same benchmark at half the punch.
- Live since 2007, through multiple emerging-market cycles. That makes it one of the longer-running funds on the leveraged and inverse shelf.
- The contract is easy to check: one well-known benchmark, one stated daily multiple, spelled out in the fund's own documents.proshares.com
Worth knowing
- At 2.69% a year, it sits at the pricey end of the inverse shelf, above the typical bear fund and above ProShares' single-inverse take on the same index (EUM).
- Daily reset means returns compound. Hold longer than a day and results can drift from -2x the index's move over that stretch, especially in choppy markets.
- A small fund that trades thinly, so bid-ask spreads can run wider than at the big names in its category.
EEV Holdings
- Stocks
- 6
- 100%
- IQMM
Sectors
- Financials100.0%
Geography
- United States100.00%
EEV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | EEV |
|---|---|
| Year to date | −44.7% |
| 1 month | −6.5% |
| 3 months | +2.3% |
| 1 year | −48.8% |
| 3 years | −37.0% |
| 5 years | −19.6% |
| 10 years | −22.7% |
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 | EEV |
|---|---|---|
| 2026 YTD | −44.7% | |
| 2025 | −43.3% | |
| 2024 | −9.3% | |
| 2023 | −15.8% | |
| 2022 | +36.7% | |
| 2021 | −5.0% | |
| 2020 | −49.0% |
EEV in the news
ETF.net Research hasn’t filed on EEV yet — coverage lands here as it’s written.
EEV Dividends
- 8.47%
- $0.86
- $0.31 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.31 |
| Mar 25, 2026 | Mar 31, 2026 | $0.02 |
| Dec 24, 2025 | Dec 31, 2025 | $0.27 |
| Sep 24, 2025 | Sep 30, 2025 | $0.25 |
| Jun 25, 2025 | Jul 1, 2025 | $0.26 |
| Mar 26, 2025 | Apr 1, 2025 | $0.22 |
| Dec 23, 2024 | Dec 31, 2024 | $0.49 |
| Sep 25, 2024 | Oct 2, 2024 | Data unavailable |
| Jun 26, 2024 | Jul 3, 2024 | $0.34 |
| Mar 20, 2024 | Mar 27, 2024 | $0.28 |
| Dec 20, 2023 | Dec 28, 2023 | Data unavailable |
| Sep 20, 2023 | Sep 27, 2023 | Data unavailable |
EEV 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.
- 29.2%
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.
- −1.46
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.
- −82.0%
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.
- −1.44
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EEV Cost
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
39 of the 53 Leveraged Inverse (2x & Other) funds charge less.