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EUM vs SVXY

ProShares Short MSCI Emerging Markets

EUMBNYSE Arca

ProShares Short VIX Short-Term Futures ETF

SVXYBCboe

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

EUM0.95%SVXY0.95%

Avg volume · 30D

SVXY 15.0×the volume

EUM99.6KSVXY1.49M

10Y return · a year

SVXY +6.5pt

EUM−8.2%SVXY−1.7%

EUM vs SVXY Performance

Oct 29, 2021 – Oct 30, 2026

−20.2%EUM+96.6%SVXY

Oct 29, 2021 to Oct 30, 2026. EUM −20.2%. SVXY +96.6%. Use the arrow keys to read each point.0%25%50%75%Oct 2021Apr 2024Oct 2026
Expense ratio
EUM 0.95%
SVXY 0.95%
Fund size
EUM $15M
SVXY $201M
1Y total return
EUM −12.0%
SVXY +21.9%, better
Yield (12M)
EUM 3.33%
SVXY No data
Holdings
EUM 2
SVXY 1
Avg volume (30D)
EUM 99.6K sh
SVXY 1.49M sh, better
NAV per share
EUM $17.21
SVXY $60.55
52W range

ETF.net Grade

EUM: Cost 50, Risk 65, Mission not scored, Tradability 74, Holdings 63, Durability 57. SVXY: Cost 50, Risk 75, Mission not scored, Tradability 84, Holdings not scored, Durability 76.
Pillar letters and Scores for EUM, SVXY, with each pillar’s weight
PillarEUMSVXY
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightB65A75Higher
Tradability15% weightA74A84Higher
Holdings10% weightB63Not scored
Durability5% weightB57A76Higher

Rank among Leveraged Inverse (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. EUM and SVXY are both graded against the same 53 Leveraged Inverse (2x & Other) funds, so their Grades compare head to head.

Leveraged Inverse (2x & Other)⁠

Category · 53 funds
See all 53 ›

SVXY ranks 1st and EUM 8th of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 1BDOGProShares Short Dow30Score 65
  2. Rank 1BSVXYProShares Short VIX Short-Term Futures ETFScore 65
  3. Rank 3BPSQProShares Short QQQScore 64
  4. Rank 7BEUOProShares UltraShort EuroScore 61
  5. Rank 8BEUMProShares Short MSCI Emerging MarketsScore 59
  6. Rank 8BREKProShares Short Real EstateScore 59

Our read on each fund

ETF.net Research

EUMBProShares Short MSCI Emerging Markets

SVXYBProShares Short VIX Short-Term Futures ETF

In short

EUM The only US ETF built to track the MSCI Emerging Markets Index upside down, one-for-one, one day at a time. Its ProShares sibling doubles the move; this one keeps it at -1x. Fee: 0.95%, net of a waiver through September 30, 2027.

SVXY Short volatility, half dose. SVXY targets one-half the inverse of a VIX short-term futures index each day, a deliberately de-tuned take on the short-vol trade, and it has run that mandate since 2011.

Stated mandate

EUM The Fund seeks daily investment results, before fees and expenses, that correspond to the inverse performance of the MSCI Emerging Markets Index.

SVXY SVXY seeks daily results equal to one-half the inverse of the S&P 500 VIX Short-Term Futures Index. Its objective is measured daily, so returns over longer periods can differ from the stated daily target.

Why people hold it

  • EUM ProShares bills it as the only -1x ETF designed to profit when the MSCI Emerging Markets Index falls on the day. The leveraged sibling EEV targets -2x the same index.proshares.comproshares.com 2
  • Short emerging markets from a plain brokerage account: no margin, no stock borrow, one ticker.proshares.com
  • 0.95% net of a waiver through September 30, 2027 (1.75% gross), near the typical leveraged-and-inverse fee and level with ProShares siblings DOG and PSQ at 0.95%.
  • Running since 2007, and one of the stronger implementations in the inverse and leveraged group, with trading deep enough for everyday order sizes.
  • SVXY The half-strength design is the whole idea: a -0.5x daily target rather than full inverse, so a jump in VIX futures lands with half the force of a one-for-one short.proshares.com
  • 0.95% a year sits below the typical leveraged and inverse fund, and among that crowd this is one of the stronger implementations in its peer group.
  • Launched in 2011 and actively traded, so it has a long operating history and a working market for getting in and out.

Worth knowing

  • EUM The mandate resets daily. Hold past a day and compounding takes over, so results can drift well away from -1x, especially in choppy markets.proshares.com
  • If the waiver lapses after September 30, 2027, the sticker fee reverts toward the 1.75% gross ratio.
  • A small fund by ETF standards and moderately traded rather than deeply liquid, so spreads are worth a glance before you trade.
  • SVXY The objective resets daily. Hold longer and compounding takes over, so results over weeks or months can look nothing like half the inverse of the index.proshares.com
  • It is a commodity pool holding VIX futures, not a basket of stocks. Reporting and tax treatment follow different rules than a standard equity ETF.proshares.com
  • Pure price vehicle with no distribution stream, and volatility spikes arrive fast, which is exactly what a short-vol position is on the wrong side of.

Full EUM profile⁠

Full SVXY profile⁠

EUM vs SVXY Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EUM vs SVXY Cost

Same expense ratio

$17,869

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

  • EUM 0.95%

    $17,869

  • SVXY 0.95%

    $17,869

$10,000
30 years

Cost over time

  • EUM 0.95%
  • SVXY 0.95%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530EUM $17,869SVXY $17,869

Year by year

YearEUMSVXY
10$1,678$1,678
20$6,322$6,322
30$17,869$17,869

Expense ratio

  • 0.95%EUM
  • 0.95%SVXY
  • Middle half of Leveraged Inverse (2x & Other) funds
  • Median 0.95%

EUM 6th cheapest of 53 funds

SVXY 6th cheapest of 53 funds

EUM vs SVXY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EUM 3.33%
SVXY No data
Payout (12M)
EUM $0.57
SVXY None
Last payment
EUM $0.13
SVXY No data
Ex-dividend
EUM Sep 23, 2026
SVXY No data
Paid on
EUM Sep 29, 2026
SVXY No data
Frequency
EUM Quarterly
SVXY No data

Distribution history

Per share, 2017 to 2026, same scale for both

EUMQuarterly · 25 paymentsAll EUM payments⁠
One bar per payment. 25 payments from 2017 to 2026 YTD. Jun 20, 2018 $0.02; Sep 26, 2018 $0.08; Dec 26, 2018 $0.27; Mar 20, 2019 $0.09; Jun 25, 2019 $0.14; Sep 25, 2019 $0.13; Dec 24, 2019 $0.09; Mar 25, 2020 $0.04; Sep 21, 2022 $0.11; Dec 22, 2022 $0.14; Mar 22, 2023 $0.11; Jun 21, 2023 $0.28; Sep 20, 2023 $0.25; Dec 20, 2023 $0.44; Mar 20, 2024 $0.24; Jun 26, 2024 $0.31; Sep 25, 2024 $0.26; Dec 23, 2024 $0.32; Mar 26, 2025 $0.16; Jun 25, 2025 $0.21; Sep 24, 2025 $0.23; Dec 24, 2025 $0.20; Mar 25, 2026 $0.08; Jun 24, 2026 $0.17; Sep 23, 2026 $0.13. Use the arrow keys to read each point.$0$0.502017202020232026YTD
SVXYAll SVXY payments⁠

No distribution history available.

EUM vs SVXY Risk

Fall from peak · 5 years

  • EUM
  • SVXY
Oct 29, 2021 to Oct 30, 2026. Worst fall: EUM −50.9% · Jun 2026. Use the arrow keys to read each point.−50%−40%−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
EUM 15.7%, betterSVXY 26.5%
Return per unit of riskSharpe ratio, 3 years
EUM −1.26SVXY 0.42, better
Worst fallMax drawdown, 5 years
EUM −50.9%SVXY −46.4%, better
Market sensitivityBeta, 5 years
EUM −0.72SVXY 1.32

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