EPV vs SPY
ProShares UltraShort FTSE Europe ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, EPV or SPY?
Opposite sides of the same exposure.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.81, so holding both offsets the exposure while paying both fees.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EPV | SPY |
|---|---|---|
| Expense Ratio | 0.95% | 0.09%Best |
| AUM | $10M | $804.7B |
| Dividend Yield | 5.03% | 0.98% |
| Holdings | 6 | 505 |
| YTD Return | -14.63% | +13.82%Best |
| 1Y Return | -24.87% | +16.96%Best |
| 3Y Return (annualized) | -27.70% | +22.97%Best |
| 5Y Return (annualized) | -19.26% | +13.73%Best |
| Volatility (annualized) | 32.8% | 14.4%Best |
| Max Drawdown | - | -34.1% |
| $10,000 over 5 years | $3,431 | $19,027Best |
| Fund Family | ProShares | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Inverse Equity | Large Cap Blend |
| Inception | Jun 16, 2009 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 19, 2009 to Sep 21, 2026 (17.3 years).
EPV vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
EPV vs SPY Performance
ProShares UltraShort FTSE Europe ETF (EPV) is an ETF from ProShares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year EPV returned -24.87% while SPY returned +16.96%. Year to date, EPV is down 14.63% versus a gain of 13.82% for SPY.
Over three years, EPV compounded at -27.70% per year against +22.97% for SPY; over five years the annualized figures are -19.26% and +13.73% respectively. Across the full 17-year window we track, SPY has the edge at +13.62% annualized vs -25.27%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EPV has been the more volatile fund, with annualized monthly volatility of 32.8% compared with 14.4% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at -0.81. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
EPV charges 0.95% per year while SPY charges 0.09%. On a $10,000 position that is $95 vs $9 annually, a gap of $86 per year that compounds over a long holding period. On income, EPV currently yields 5.03% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 1 holding in EPV and 504 in SPY, totalling 78.6% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in EPV and 504 in SPY, against full books of 6 and 505.
You are not choosing between two funds in isolation.
Whichever of EPV and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EPV or SPY?
EPV has an expense ratio of 0.95% while SPY charges 0.09%. SPY is the cheaper option, by $86 a year on a $10,000 investment.
Which performed better, EPV or SPY?
Over the past year EPV returned -24.87% vs +16.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (17 years), EPV annualized -25.27% vs +13.62% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EPV or SPY?
EPV has been the more volatile fund at 32.8% annualized versus 14.4% for SPY.
Should I hold both EPV and SPY?
EPV and SPY have a monthly-return correlation of -0.81, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
Which pays a higher dividend, EPV or SPY?
EPV yields 5.03% while SPY yields 0.98%, so EPV currently pays the higher dividend yield.
Is SPY better than EPV?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.81, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.