EUO vs VYM
ProShares UltraShort Euro vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | EUO | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.98% | 0.04% | |
| AUM | $36M | $79.0B | |
| Dividend Yield | 0.00% | 2.86% | |
| Holdings | 4 | 568 | |
| YTD Return | +6.36% | +16.53% | |
| 1Y Return | +7.96% | +25.03% | |
| 3Y Return (annualized) | +1.13% | +18.54% | |
| 5Y Return (annualized) | +4.53% | +12.25% | |
| Volatility (annualized) | 17.9% | 14.6% | |
| Max Drawdown | -38.6% | -58.8% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 24, 2008 | Nov 10, 2006 |
EUO vs VYM Performance
ProShares UltraShort Euro (EUO) is a ETF from ProShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year EUO returned +7.96% while VYM returned +25.03%. Year to date, EUO is up 6.36% versus a gain of 16.53% for VYM.
Over three years, EUO compounded at +1.13% per year against +18.54% for VYM; over five years the annualized figures are +4.53% and +12.25% respectively. Across the full 18-year window we track, VYM has the edge at +7.10% 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 14.6% for VYM. 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 -58.8% for VYM. 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 VYM charges 0.04%. On a $10,000 position that is $98 vs $4 annually, a gap of $94 per year that compounds over a long holding period. On income, EUO currently yields 0.00% against 2.86% for VYM.
Holdings Overlap
EUO and VYM share 0 holdings out of 559 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 VYM?
EUO has an expense ratio of 0.98% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $94 per year of difference.
Which performed better, EUO or VYM?
Over the past year EUO returned +7.96% vs +25.03% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (18 years), EUO annualized +1.15% vs +7.10% for VYM. Past performance does not guarantee future results.
Which is riskier, EUO or VYM?
EUO has been the more volatile fund at 17.9% annualized versus 14.6% for VYM. Worst drawdown: EUO -38.6% vs VYM -58.8%.
Should I hold both EUO and VYM?
EUO and VYM 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 VYM?
EUO and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 559 unique securities.
Which pays a higher dividend, EUO or VYM?
EUO yields 0.00% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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