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ETFs

ProShares Ultra Euro

ULE
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Nov 24, 2008
Expense Ratio
0.95%
Type
Global Ex. US Currency
Fund Owner
ProShares
Volume (1m avg. daily)
$84,544
AUM
$6,614,308
Associated Index
EUR/USD Exchange Rate
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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EURO/US DOLLAR FORWARD - GOLDMAN SACHS
123.85%
—
Net Other Assets (Liabilities)
100%
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EURO/US DOLLAR FORWARD - UBS
76.01%
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Derivatives offset
-199.86%
Invest with ULE
Trade ULE Options

What is ULE?

ProShares Ultra Euro seeks daily investment results before fees and expenses that correspond to twice (200%) the U.S. Dollar price of the Euro.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

ULE
Performance Measures**

for the time period Nov 25, 2008 to Dec 4, 2025

Returns

1M Trailing Return: 2.5%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -0.5%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -72.7%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 22.3%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: -0.07

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -0.05

The annualized return divided by the max drawdown for the selected time period.

ETFs related toULE

ETFs correlated to ULE include FXE, UDN, IBND

ULE
ProShares Trust - ProShares Ultra Euro 2x Shares
FXE
Rydex Investments - Invesco CurrencyShares Euro Trust
UDN
Invesco DB US Dollar Index Trust - Invesco DB US Dollar Index Bearish Fund -1x Shares
IBND
SPDR Series Trust - SPDR Bloomberg International Corporate Bond ETF
FXF
Rydex Investments - Invesco CurrencyShares Swiss Franc Trust
FXB
Rydex Investments - Invesco CurrencyShares British Pound Sterling Trust
IGOV
BlackRock Institutional Trust Company N.A. - iShares International Treasury Bond ETF
LEMB
BlackRock Institutional Trust Company N.A. - iShares J.P. Morgan EM Local Currency Bond ETF
BWX
SPDR Series Trust - SPDR Bloomberg International Treasury Bond ETF
EBND
SPDR Series Trust - SPDR Bloomberg Emerging Markets Local Bond ETF
EFAV
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Min Vol Factor ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toULE

The Sandy Dragon

Category

Multi-asset, trend-following, long-volatility hedge, managed futures, global equities, commodities, gold, Treasuries, tactical rotation, leveraged ETFs

OOS Cumulative Return

110.54%

Sandy's Golden Dragon

Category

Multi-asset, all-weather, tactical asset allocation, trend following, momentum, long volatility, managed futures, macro, leveraged ETFs, risk management

OOS Cumulative Return

68.72%

Create your own algorithmic trading strategy with ULE using Composer

FAQ

ULE is a Global Ex. US Currency ETF. ProShares Ultra Euro seeks daily investment results before fees and expenses that correspond to twice (200%) the U.S. Dollar price of the Euro.

ULE tracks the EUR/USD Exchange Rate.

No, ULE is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, ULE is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on ULE is -0.0398%. This is the percent change in the value of ULE over the most recent 1-month period. The 3-month return on ULE is -0.0601%. This is the percent change in the value of ULE over the most recent 3-month period.

The standard deviation of ULE for the past year is 0.1814%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to ULE include YCL, YCS, and TQQQ.

ETFs correlated to ULE include FXE, UDN, and IBND.

ETFs that are inversely correlated to ULE include EUO, UUP, and USDU.

Yes, ULE is a Leveraged (2x) ETF: This means that ULE will try to match the performance of EUR/USD Exchange Rate, but with 2x the returns.

No, ULE is not an inverse ETF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.