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Launched · SEC filings

ProShares UltraShort Euro

EUONYSE ArcaProSharesB

$32.47−0.01 (−0.02%)

As of Nov 3, 2026, 11:15 AM ET

B61/ 100

Rank 7 of 54 in Leveraged Inverse (2x & Other)

B61/100Rank 7 of 54inLeveraged Inverse (2x & Other)
Intraday session: down, 21 prints from 32.47 to 32.47. Range 32.44 to 32.55. Use the arrow keys to read each point.32.4532.5032.5232.5510 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$45M
1Y total return
+11.0%
Yield · Last 12 months
No data
Holdings
1
Avg volume · 30D
22.3K sh
52W range
low $26.93high $32.83
Launched
Filings
SEC EDGAR

The ETF.net EUO Grade

Based on 4 of 6 pillars

B

Score 61 out of 100

Category
Leveraged Inverse (2x & Other)⁠
Rank
7 of 54
Six-pillar profile for EUO. Scores out of 100: Cost 50, Risk 94, Mission not scored, Tradability 49, Holdings not scored, Durability 67. Strongest: Risk (94). Weakest: Tradability (49). Based on 4 of 6 pillars.

Score 61 of 100 falls in the B 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.
    C50 out of 100
    Rank 1 of 54

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A94 out of 100
    Rank 1 of 53

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C49 out of 100
    Rank 27 of 54

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B67 out of 100
    Rank 6 of 54

Our read on EUO

ETF.net Research

In short

BA single-purpose dollar-versus-euro tool: EUO aims to deliver twice the inverse of the euro's daily move against the dollar. Live since 2008, and priced under the typical leveraged or inverse fund.

Stated mandate

EUO seeks daily results, before fees and expenses, intended to deliver twice the inverse of the euro's daily price performance against the U.S. dollar.

Why people hold it

  • Aims for twice the inverse of the euro's daily move against the dollar, turning an FX view into an ordinary brokerage trade.proshares.com
  • 0.95% expense ratio, below the median for leveraged and inverse funds.
  • Running since 2008 on the same daily double-inverse euro mandate.
  • One of the stronger builds in its leveraged and inverse peer group, alongside ProShares' yen counterpart YCS.

Worth knowing

  • The 2x resets daily. Hold longer and compounding takes over, so results over a stretch can diverge from twice the euro's move for that stretch.
  • A small, thinly traded fund, so spreads can widen. Limit orders matter more here than on a headline ETF.
  • Structured as a commodity pool rather than a standard stock fund, and it isn't built as an income payer.

EUO Performance

Launched Nov 24, 2008

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

EUO$11,101
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. EUO $11,101. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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.

Trailing total return for EUO. Periods over one year show the average yearly return.
PeriodEUO
Year to date+14.6%
1 month+1.4%
3 months+7.6%
1 year+11.0%
3 yearsper year+1.2%
5 yearsper year+5.5%
10 yearsper year+2.9%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for EUO
YearReturn barEUO
2026 YTD+14.6%
2025−18.9%
2024+19.8%
2023−1.0%
2022+13.9%
2021+14.8%
2020−16.0%

EUO in the news

EUO Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

EUO Risk

Risk pillarA94 out of 100Rank 1 of 53 in Leveraged Inverse (2x & Other)
How much the fund’s monthly returns vary, scaled to a year.
13.9%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
−0.17
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−25.3%
Trough Jan 2026
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.

How strongly the fund’s returns move with its asset-class index.
−0.35
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

EUO Cost

Compare EUO and QQQD

Overpaying vs QQQD, cheapest in Leveraged Inverse (2x & Other)

$7,890

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • EUO 0.95%

    $17,869

  • QQQD 0.50% Cheapest

    $9,979

$10,000
30 years

Cost over time

  • EUO 0.95%
  • QQQD 0.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530EUO $17,869QQQD $9,979

Year by year

YearEUOQQQDOverpaying
10$1,678$900$778
20$6,322$3,460$2,862
30$17,869$9,979$7,890

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