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EUO ETF — ProShares UltraShort Euro
ProShares UltraShort Euro (EUO)
Updated October 16, 2026.
EUO is an ETF. its expense ratio is 0.98%. Total return is 29.7% over the past 17.9 years, 1104.9 points behind SPY at 1134.6%.
ProShares UltraShort Euro is an ETF that provides leveraged short exposure to the euro currency through futures contracts, designed to benefit from euro weakness relative to the dollar. The fund does not distribute income to shareholders. With an expense ratio of 0.98%, it appeals to tactical traders and investors seeking to hedge euro exposure or profit from near-term currency depreciation, rather than income-focused investors.
EUO holdings and sector exposure
Holdings are not available for this snapshot.
EUO performance versus SPY
Price and return data through 2026-10-16.
Total return is 29.7% over the past 17.9 years, 1104.9 points behind SPY at 1134.6%. Over the past year its total return — price change plus distributions reinvested — is 13.2%. Its deepest 1-year drawdown was 8.1%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 4.4% | — |
| 3M | 4.6% | — |
| 6M | 12.7% | — |
| YTD | 13.3% | — |
| 1Y | 13.2% | — |
| 2Y CAGR | — | 0.90% |
| 3Y CAGR | — | 0.60% |
| 5Y CAGR | — | 5.30% |
| 10Y CAGR | — | 2.60% |
| Since inception (17.9 years) | 29.7% | 1.50% |
EUO key facts
- Issuer
- ProShares
- Asset type
- ETF
- Asset class
- Fixed Income
- Inception date
- 11/24/2008
- Expense ratio
- 0.98%
- Distribution frequency
- None
- Last close
- $32.10 (stale; as of 2026-10-16)
- AUM
- $40,330,487
- Average volume
- 25400.0
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield 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.
EUO risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 8.1%.
Who may consider EUO — and who may not
It is a weaker fit for investors who need monthly cash flow (EUO does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on EUO
Frequently asked questions
Does EUO pay monthly?
No. EUO does not currently distribute.
What is EUO's expense ratio?
EUO's expense ratio is 0.98%.
When does EUO pay a dividend?
EUO does not currently distribute.
How has EUO performed?
Total return is 29.7% over the past 17.9 years, 1104.9 points behind SPY at 1134.6%. Over the past year its total return — price change plus distributions reinvested — is 13.2%. Its deepest 1-year drawdown was 8.1%.
More securities from ProShares.
Tickers
Holdings as-of date unavailable.
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