Skip to content
Beacon

EUMProShares Short MSCI Emerging Markets

Take a bet18y track recordRanked #290 of 949 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%

#4,882 of 5,861 · expensive

Fund Size

$10M

#4,902 of 5,861 · small

Return (1Y)Goal

-25.2%

Track Record

18 years

#528 of 5,861 · established

Performance

Total-return NAV · USD
Growth of $10,000
$7,735-22.7%

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

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

Emerging markets

Strategy

Inverse

Index tracked

MSCI Emerging Markets Index

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

Repurchase Agreement
27.1%
Repurchase Agreement
13.4%
Repurchase Agreement
13.4%
Repurchase Agreement
8.1%
Repurchase Agreement
8.1%
Repurchase Agreement
6.7%
Repurchase Agreement
5.4%
Repurchase Agreement
5.4%
Repurchase Agreement
2.7%
N/A
-1.5%

Asset allocation

Cash
143.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
24.9%High

Year-on-year price swings

Max drawdown
-66.3%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-0.77Below average
Sortino (3Y)
-1.07Moderate downside risk

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 in financial instruments to achieve daily investment results that correspond to the inverse (-1x) of the daily performance of the MSCI Emerging Markets Index, which includes large and mid-capitalization companies across emerging market countries. The Fund uses derivatives, such as swap agreements, to gain inverse exposure and rebalances daily to maintain this target.
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

You can be right and still lose

This fund returns the opposite of its benchmark's daily move, then resets. Hold it longer and the daily compounding takes over: the market can move your way over a week and you still finish down. It works as a one-day hedge and nothing beyond that.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

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 looked at EUM. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.

See other funds for this goal

Data updated on 2026-08-04