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ULE vs XTAI

ProShares Ultra Euro

ULECNYSE Arca

Corgi Taiwan 2x Daily ETF

XTAICCboe

Overlap

0.0%by weight

Expense ratio

XTAI −0.50pt a year

ULE0.95%XTAI0.45%

Avg volume · 30D

ULE 2.0×the volume

ULE4.5KXTAI2.2K

ULE vs XTAI Performance

Jul 31, 2026 – Oct 30, 2026

−6.3%ULE+3.6%XTAI

Jul 31, 2026 to Oct 30, 2026. ULE −6.3%. XTAI +3.6%. Use the arrow keys to read each point.10%20%30%40%Jul 2026Sep 2026Oct 2026
Expense ratio
ULE 0.95%
XTAI 0.45%, better
Fund size
ULE $4M
XTAI $0
1Y total return
ULE −7.2%
XTAI No data
Holdings
ULE 1
XTAI 1
Avg volume (30D)
ULE 4.5K sh, better
XTAI 2.2K sh
NAV per share
ULE $11.81
XTAI $19.79
52W range

ETF.net Grade

ULE: Cost 36, Risk 59, Mission not scored, Tradability 45, Holdings not scored, Durability 55. XTAI: Cost 81, Risk 30, Mission not scored, Tradability 31, Holdings not scored, Durability 23.
Pillar letters and Scores for ULE, XTAI, with each pillar’s weight
PillarULEXTAI
Cost30% weightD36A81Higher
Mission25% weightNot scoredNot scored
Risk15% weightB59HigherD30
Tradability15% weightC45HigherD31
Holdings10% weightNot scoredNot scored
Durability5% weightB55HigherF23

Rank among 2x/3x Long Developed International funds

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

Same Category. ULE and XTAI are both graded against the same 4 2x/3x Long Developed International funds, so their Grades compare head to head.

2x/3x Long Developed International⁠

Category · 4 funds
See all 4 ›

ULE ranks 2nd and XTAI 2nd of 4 funds in the 2x/3x Long Developed International Category.

  1. Rank 1CEFOProShares Ultra MSCI EAFEScore 53
  2. Rank 2CULEProShares Ultra EuroScore 40
  3. Rank 2CXEURCorgi Europe Equities 2x Daily ETFScore 40
  4. Rank 2CXTAICorgi Taiwan 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

ULECProShares Ultra Euro

XTAICCorgi Taiwan 2x Daily ETF

In short

ULE A rare thing: a plain ETF ticker that aims to deliver twice the daily move of the euro against the dollar. Currency leverage without a futures account, running since 2008.

XTAI No data

Stated mandate

ULE The fund seeks daily results, before fees and expenses, equal to twice the daily performance of the euro relative to the U.S. dollar.

XTAI No data

Why people hold it

  • ULE One of the few currency-leveraged ETFs out there: it targets 2x the euro's daily move versus the dollar, in a brokerage account, no margin or FX platform required.proshares.com
  • The mandate is narrow and legible. One exchange rate, one multiple, reset daily. No basket, no sector tilt, nothing to reverse-engineer from a holdings list.
  • A 0.95% expense ratio puts it in the same fee neighborhood as ProShares' flagship leveraged equity funds like UDOW (0.95%), despite being a far more specialized tool.
  • Launched in 2008, it has traded through the euro debt crisis, negative rates and the 2022 parity scare. Long tenure for a single-currency product.

XTAI No data

Worth knowing

  • ULE The 2x target is a daily one. Hold longer and compounding takes over, so multi-day results can differ from twice the euro's move over that stretch, especially in choppy markets.
  • It is one of the smaller, more lightly traded funds in the leveraged lineup. Spreads can widen, and limit orders matter more here than in a household-name ETF.
  • Structured as a commodity pool, not a standard 1940 Act fund, so tax paperwork and disclosures follow different rules. It is a price bet, not an income stream.

XTAI No data

Full ULE profile⁠

Full XTAI profile⁠

ULE vs XTAI Holdings

How ULE and XTAI differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of ULE and 0.0% of XTAI.

Level by level

  • Asset classAlternatives, Equity0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for ULE and XTAI.

Country, concentration and asset class

Country by domicile

No country split for ULE.

Concentration

Weight in the 10 largest Holdings

  • ULE100.0%
  • XTAI198.9%

Securities held

  • ULE0
  • XTAI0

Asset class

ULE
Alternatives
XTAI
Equity

Holdings

  • Only in ULE0
  • In both0
  • Only in XTAI0

Only in ULE

0 securities, 0.0% of ULE by weight

Only in XTAI

0 securities, 0.0% of XTAI by weight

Weight gaps

ULE and XTAI share no securities.

All 3 ULE holdings⁠All 15 XTAI 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.

ULE vs XTAI Cost

Overpaying ULE vs XTAI

$8,828

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

  • ULE 0.95%

    $17,869

  • XTAI 0.45%

    $9,041

$10,000
30 years

Cost over time

  • ULE 0.95%
  • XTAI 0.45%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530ULE $17,869XTAI $9,041

Year by year

YearULEXTAIOverpaying
10$1,678$812$866
20$6,322$3,128$3,194
30$17,869$9,041$8,828

Expense ratio

  • 0.95%ULE
  • 0.45%XTAI, cheaper

ULE vs XTAI Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
ULE None
XTAI None

Distribution history

ULEAll ULE payments⁠

No distribution history available.

XTAIAll XTAI payments⁠

No distribution history available.

ULE vs XTAI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ULE 14.1%XTAI No data
Return per unit of riskSharpe ratio, 3 years
ULE −0.06XTAI No data
Worst fallMax drawdown, 5 years
ULE −34.4%XTAI No data
Market sensitivityBeta, 5 years
ULE 0.33XTAI 9.88

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