EUM ETF — ProShares Short MSCI Emerging Markets

ProShares Short MSCI Emerging Markets (EUM)

Updated October 16, 2026.

EUM is an ETF. its distribution rate is 3.18%, its trailing-12-month yield is 3.43%, its expense ratio is 0.95%. Total return is -84.6% over the past 19 years, 699.7 points behind SPY at 615.1%.

ProShares Short MSCI Emerging Markets is an ETF that uses financial instruments designed to deliver daily returns that move opposite to the MSCI Emerging Markets Index, which represents approximately 85% of emerging market capitalization; this inverse strategy allows it to profit when emerging markets decline. The fund carries a modest current distribution rate paid quarterly and has an expense ratio of 0.95%. It appeals to investors seeking short-term tactical hedges or bearish exposure to emerging markets, rather than those pursuing buy-and-hold income strategies.

EUM performance versus SPY

Price and return data through 2026-10-16.

Total return is -84.6% over the past 19 years, 699.7 points behind SPY at 615.1%. Over the past year its total return — price change plus distributions reinvested — is -16.0%. Its deepest 1-year drawdown was 27.6%.

EUM key facts

Issuer

ProShares

Asset type

ETF

Asset class

Equity

Inception date

10/30/2007

Expense ratio

0.95%

Distribution rate

3.18%

Distribution frequency

Quarterly

Trailing yield

3.43%

Last close

$16.72 (as of 2026-10-16)

AUM

$13,593,720

Average volume

68407.0

Dividend

$0.133

Ex-dividend date

09/23/2026

Payment date

09/29/2026

Beta

-0.75

How Dividend Vision calculates yield and returns

Distribution rate (3.18%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.43%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: ProShares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

EUM risks and drawbacks

EUM's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 27.6%.

Who may consider EUM — and who may not

EUM may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (EUM pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on EUM

• All tickers starting with E

Tagged: Short, Emerging Markets, International.

Frequently asked questions

More securities from ProShares.