EUO vs IVV
ProShares UltraShort Euro vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | EUO | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.98% | 0.03% | |
| AUM | $36M | $865.2B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 4 | 508 | |
| YTD Return | +6.20% | +14.50% | |
| 1Y Return | +8.25% | +22.02% | |
| 3Y Return (annualized) | +1.07% | +21.80% | |
| 5Y Return (annualized) | +4.73% | +13.37% | |
| Volatility (annualized) | 17.9% | 15.1% | |
| Max Drawdown | -38.6% | -56.5% | |
| Fund Family | ProShares | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 24, 2008 | May 15, 2000 |
EUO vs IVV Performance
ProShares UltraShort Euro (EUO) is a ETF from ProShares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EUO returned +8.25% while IVV returned +22.02%. Year to date, EUO is up 6.20% versus a gain of 14.50% for IVV.
Over three years, EUO compounded at +1.07% per year against +21.80% for IVV; over five years the annualized figures are +4.73% and +13.37% respectively. Across the full 18-year window we track, IVV has the edge at +7.07% annualized vs +1.15%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EUO has been the more volatile fund, with annualized monthly volatility of 17.9% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -38.6% for EUO and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.40. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EUO charges 0.98% per year while IVV charges 0.03%. On a $10,000 position that is $98 vs $3 annually, a gap of $95 per year that compounds over a long holding period. On income, EUO currently yields 0.00% against 1.09% for IVV.
Holdings Overlap
EUO and IVV share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EUO or IVV?
EUO has an expense ratio of 0.98% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $95 per year of difference.
Which performed better, EUO or IVV?
Over the past year EUO returned +8.25% vs +22.02% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (18 years), EUO annualized +1.15% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, EUO or IVV?
EUO has been the more volatile fund at 17.9% annualized versus 15.1% for IVV. Worst drawdown: EUO -38.6% vs IVV -56.5%.
Should I hold both EUO and IVV?
EUO and IVV have a monthly-return correlation of -0.40, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EUO and IVV?
EUO and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, EUO or IVV?
EUO yields 0.00% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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