- Last Ratings Update:02/28/2015
- Price as of 02/28/2015 :$25.06
- Net Assets:$478.4 Million
- Peer Rank:8 of 288
- Investment Rating:A
We rate ProShares UltraShort Euro at A. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Positive factors that influence this rating include a greater than above average total return, low price volatility and low expense structure. The fund may be considered for investors seeking a Non-US Equity strategy.
POSITIVES AND RISKS
Total return ranks above peers over the last three years. The ProShares UltraShort Euro has returned an annual rate of 0.20% since inception. More recently, the fund has generated a total return of 4.07% in the last five years, 8.93% in the last three years, and 48.28% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 26% of them. It has also outpaced 58% of its competitors on a three year basis and 98% of them over the last year for the period ending 2/28/2015. On a year to date basis, EUO has returned 15.96%.
Downside risk has been below average. EUO has a draw down risk of -24.38%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 17.0%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 2/28/2015, the fund was trading at a price of $25.06, which is 0.3% below its 52-week high of $25.13 and 6.0% above its 52-week low of $23.65.
High expense ratio hinders performance. On total assets of $478.40 million, EUO maintains a high expense ratio compared to its Non-US Equity peers of 0.95% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As EUO is an exchange traded fund, it has no front end or back end load.
The ProShares UltraShort Euro is managed by Michael Neches at ProShare Advisors LLC. This fund is one of 132 ProShare Advisors LLC exchange-traded funds launched since 6/19/2006 that we track.
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