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EUOProShares UltraShort Euro

Take a bet17y track recordRanked #306 of 949 in this goal

Seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the euro against the U.S. dollar.

By ProShares · Launched 2008

Annual Cost

0.98%

#5,063 of 5,854 · expensive

Fund Size

$35M

#3,987 of 5,854 · small

Return (1Y)Goal

+2.9%

Track Record

17 years

#623 of 5,854 · established

Performance

Total-return NAV · USD
Growth of $10,000
$10,177+1.8%

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

What's inside

How Beacon categorizes this fund

Asset class

Currency

Strategy

Inverse

What it actually holds

By weight

Concentration

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

ProShares GENIUS Money Market ETFIQMM
28.4%

Asset allocation

Cash
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
12.0%Moderate

Year-on-year price swings

Max drawdown
-29.6%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
-0.03Below average
Sortino (3Y)
-0.03Moderate downside risk

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the euro against the U.S. dollar.
Strategy
Uses a mathematical approach to invest in Financial Instruments to achieve daily investment results that correspond to two times the inverse (-2x) of the euro's performance against the U.S. dollar. The Fund is not actively managed by traditional methods and seeks to remain fully invested at all times.
Inception date
November 24, 2008
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

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Data updated on 2026-08-03