Skip to content

EUMProShares Short MSCI Emerging Markets

Take a bet18y track recordRanked #294 of 775 in this goal

Seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the MSCI Emerging Markets Index.

By ProShares · Launched 2007

Annual Cost

0.95%

#4,684 of 5,562 · expensive

Fund Size

$10M

#4,745 of 5,562 · small

Return (1Y)Goal

-34.6%

Track Record

18 years

#538 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$6,455-35.4%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Strategy

Inverse

Index tracked

MSCI Emerging Markets Index

What it actually holds

By weight

Concentration

Top 10 holdings = 79.3% of fundconcentrated

Repurchase Agreement
23.8%
Repurchase Agreement
16.6%
Repurchase Agreement
14.4%
Repurchase Agreement
5.8%
Repurchase Agreement
5.8%
Repurchase Agreement
4.3%
Repurchase Agreement
4.3%
Repurchase Agreement
2.8%
Repurchase Agreement
1.4%
N/A
0.1%

Asset allocation

Cash
143.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
22.5%High

Year-on-year price swings

Max drawdown
-68.6%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-1.02Below average
Sortino (3Y)
-1.37Moderate downside risk

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the MSCI Emerging Markets Index.
Strategy
Invests primarily in financial instruments to achieve inverse exposure to the MSCI Emerging Markets Index. The Fund uses derivatives and may hold a representative sample of securities to maintain daily rebalancing consistent with its investment objective.
Inception date
October 30, 2007
Fund family
ProShares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Inverse
Warning

Inverse ETF — daily tool only

Delivers the inverse of the benchmark's daily return. The compounding path makes multi-day holding unpredictable even when the benchmark's total move goes your way. Legitimate as a one-day hedge; dangerous as a view.

Source: Cheng & Madhavan (2009)

Why we flagged this: strategy=inverse + inverse_name_or_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

What's next?

You've reviewed EUM. Save it to your watchlist to track it alongside the other funds you're weighing.

Data updated on 2026-06-19