ProShares - UltraShort Euro
$32.40−0.25 (−0.77%)
- 0.95%
- $41M
- +13.7%
- 0M sh
- $32.60
- low $26.93high $32.65
The ETF.net EUO Grade
A
Score 78 out of 100
- 2 of 54
Score 78 of 100 falls in the A 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.A88 out of 100Rank 4 of 54Mission
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.A93 out of 100Rank 1 of 53Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C48 out of 100Rank 29 of 54Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B69 out of 100Rank 4 of 54
Our read on EUO
AA 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.
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 Holdings
- Other
- 1
- 100%
- Net Other Assets (Liabilities)
EUO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
EUO$11,368
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 | EUO |
|---|---|
| Year to date | +15.2% |
| 1 month | +8.7% |
| 3 months | +6.3% |
| 1 year | +13.7% |
| 3 years | +1.0% |
| 5 years | +5.3% |
| 10 years | +2.8% |
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 | EUO |
|---|---|---|
| 2026 YTD | +15.2% | |
| 2025 | −18.9% | |
| 2024 | +19.8% | |
| 2023 | −1.0% | |
| 2022 | +13.9% | |
| 2021 | +14.8% | |
| 2020 | −16.0% |
EUO in the news
EUO Dividends
No distributions in the last 12 months.
EUO Risk
- 13.8%
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.
- −0.24
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.
- −25.3%
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.
- −0.34
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EUO Cost
0.95%
EUO0.95%
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
3 of the 53 Leveraged Inverse (2x & Other) funds charge less.
Other funds in Leveraged Inverse (2x & Other)
- ASVXYProShares - Short VIX Short-Term Futures ETFExpense ratio 0.95%1 year return +37.3%
- AYCSProShares - UltraShort YenExpense ratio 0.95%1 year return +17.1%
- ADOGProShares Short Dow30Expense ratio 0.99%1 year return −9.0%
- APSQProShares - Short QQQExpense ratio 1.00%1 year return −19.1%
- ARWMProShares - Short Russell2000Expense ratio 1.04%1 year return −12.9%