ProShares UltraShort FTSE Europe
$18.27+0.35 (+1.98%)
- Expense ratio
- 1.36%
- Fund size
- $10M
- 1Y return
- −25.3%
- Yield · Last 12 months
- 4.81%
- Holdings
- 8
- Volume · 30D
- 0M sh
- NAV per share
- $18.45
- 52W range
The ETF.net EPV Grade
Score 47 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 53Category 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.CScore 43Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 41Category 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.CScore 53Category rank
Our read on EPV
COne ticker that aims to move twice the inverse of developed European stocks each day. EPV has been ProShares' Europe bear tool since 2009, and the reset is daily, so it is built for short holds rather than set-and-forget.
EPV seeks daily investment results, before fees and expenses, equal to two times the inverse of the daily performance of the FTSE Developed Europe All Cap Index.
Why people hold it
- Shorting Europe normally means margin or futures. EPV packages it as a registered 1940 Act fund you trade like a stock, targeting -2x the daily move of the FTSE Developed Europe All Cap Index.proshares.com
- Broad, not narrow. The reference index covers developed Europe across large, mid and small caps, so the position is not a wager on one country or one sector.proshares.com
- Launched in 2009, it has run through the euro-area debt crisis and every European drawdown since. Long tenure for a daily-reset product.
- Different bet than the currency version: sibling EUO targets the euro itself, while EPV targets European equities.
Worth knowing
- The -2x applies to a single day, then resets. Over longer stretches, especially choppy ones, compounding can pull results away from twice the index's inverse move.
- The 1.36% expense ratio sits above the middle of the leveraged and inverse peer group, and cost bites harder the longer a position stays open.
- This is a small, lightly traded fund, so spreads can run wider than on the household-name inverse tickers. Limit orders earn their keep here.
EPV Holdings
- Stocks
- 8
- 100%
- IQMM
Sectors
- Financials100.0%
Geography
- United States100.00%
EPV 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 | EPV |
|---|---|
| Year to date | −16.9% |
| 1 month | +6.9% |
| 3 months | −2.6% |
| 1 year | −25.3% |
| 3 years | −27.6% |
| 5 years | −18.9% |
| 10 years | −22.0% |
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 | EPV |
|---|---|---|
| 2026 YTD | −16.9% | |
| 2025 | −45.2% | |
| 2024 | +2.0% | |
| 2023 | −30.8% | |
| 2022 | +15.5% | |
| 2021 | −31.6% | |
| 2020 | −37.3% |
EPV in the news
ETF.net Research hasn’t filed on EPV yet — coverage lands here as it’s written.
EPV Dividends
- 4.81%
- $0.86
- $0.18 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.18 |
| Mar 25, 2026 | Mar 31, 2026 | $0.09 |
| Dec 24, 2025 | Dec 31, 2025 | $0.31 |
| Sep 24, 2025 | Sep 30, 2025 | $0.27 |
| Jun 25, 2025 | Jul 1, 2025 | $0.24 |
| Mar 26, 2025 | Apr 1, 2025 | $0.22 |
| Dec 23, 2024 | Dec 31, 2024 | $0.46 |
| Sep 25, 2024 | Oct 2, 2024 | $0.68 |
| Jun 26, 2024 | Jul 3, 2024 | $0.52 |
| Mar 20, 2024 | Mar 27, 2024 | $0.35 |
| Dec 20, 2023 | Dec 28, 2023 | $0.50 |
| Sep 20, 2023 | Sep 27, 2023 | $0.34 |
EPV 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.
- 25.8%
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.
- −1.25
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.
- −81.2%
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.
- −1.25
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EPV Cost
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
24 of the 53 Leveraged Inverse (2x & Other) funds charge less.