EUO vs FMNY

Comparison between ProShares UltraShort Euro -2X Shares (EUO, ETF) and FIRST TRUST NEW YORK MUNICIPAL HIGH INCOME ETF (FMNY, ETF).

5-Year PerformanceEUO has outperformed FMNY, delivering a return of +5.8% compared to +0.6%

EUO vs FMNY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EUO(ETF)	FMNY(ETF)
Net Assets	$38M	$37M
Expense Ratio	N/A	0.49%
Max Drawdown	38.58%	18.26%
Sharpe Ratio	0.01	1.11
5Y Beta	0.01	0.03

Net Assets

Winner

EUO

$38M

FMNY

$37M

Expense Ratio

EUO

N/A

FMNY

0.49%

Max Drawdown

EUO

38.58%

Winner

FMNY

18.26%

Sharpe Ratio

EUO

0.01

Winner

FMNY

1.11

5Y Beta

Winner

EUO

0.01

FMNY

0.03

EUO vs FMNY - Historical Returns

Returns include dividend reinvestment.

Period	EUO	FMNY
1 month	+3.50%	+0.58%
3 months	+2.56%	+0.47%
6 months	+4.49%	+2.23%
1 year	+3.37%	+7.45%
5 years(CAGR)	+5.83%	+0.59%
10 years(CAGR)	+2.60%	N/A
Max(CAGR)	+1.11%	+0.74%

Winner

EUO

+3.50%

FMNY

+0.58%

Winner

EUO

+2.56%

FMNY

+0.47%

Winner

EUO

+4.49%

FMNY

+2.23%

EUO

+3.37%

Winner

FMNY

+7.45%

5Y(CAGR)

Winner

EUO

+5.83%

FMNY

+0.59%

10Y(CAGR)

EUO

+2.60%

FMNY

N/A

Max(CAGR)

Winner

EUO

+1.11%

FMNY

+0.74%

EUO vs FMNY - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	EUO	FMNY
2026	+5.30%	+1.85%
2025	-20.35%	+3.79%
2024	+17.65%	+1.79%
2023	-3.73%	+6.08%
2022	+12.58%	-10.52%
2021	+15.60%	+1.60%
2020	-16.62%	N/A
2019	+8.33%	N/A
2018	+15.37%	N/A
2017	-23.55%	N/A
2016	+5.29%	N/A
2015	+16.31%	N/A
2014	+24.91%	N/A
2013	-10.45%	N/A
2012	-4.90%	N/A
2011	+0.10%	N/A
2010	+9.96%	N/A
2009	-12.91%	N/A
2008	-14.10%	N/A

EUO vs FMNY Drawdown Comparison

The maximum drawdown for EUO was -38.58%, occurring on May 3, 2011. Recovery took 1195 trading sessions.

The maximum drawdown for FMNY was -15.90%, occurring on Oct 26, 2022. Recovery took 1090 trading sessions.

The current EUO drawdown is -17.30%. The current FMNY drawdown is -0.72%.

Rank	EUO	FMNY
#1	-38.58% Jun 7, 2010 - Mar 6, 2015	-15.90% Jul 19, 2021 - Nov 18, 2025
#2	-35.73% Dec 1, 2008 - Jun 4, 2010	-2.83% Feb 27, 2026 - Mar 24, 2026
#3	-31.49% Mar 13, 2015 - Feb 12, 2020	-0.66% Jun 15, 2021 - Jul 8, 2021
#4	-25.67% Mar 19, 2020 - Apr 27, 2022	-0.57% Nov 18, 2025 - Jan 5, 2026
#5	-25.28% Sep 27, 2022 - Jan 27, 2026	-0.55% Jan 14, 2026 - Feb 3, 2026
#6	-11.78% Feb 20, 2020 - Mar 19, 2020	-0.17% Feb 10, 2026 - Feb 17, 2026
#7	-6.96% May 12, 2022 - Jul 5, 2022	-0.15% May 14, 2021 - May 20, 2021
#8	-5.56% Jul 14, 2022 - Aug 22, 2022	-0.15% Jan 7, 2026 - Jan 14, 2026
#9	-4.27% Sep 6, 2022 - Sep 21, 2022	-0.13% Jul 12, 2021 - Jul 19, 2021
#10	-2.91% May 2, 2022 - May 12, 2022	-0.12% May 20, 2021 - May 24, 2021
#11	-1.95% Aug 22, 2022 - Sep 1, 2022	-0.10% May 24, 2021 - May 27, 2021
#12	-1.56% Mar 11, 2015 - Mar 13, 2015	-0.04% Feb 18, 2026 - Feb 23, 2026
#13	-0.78% Apr 28, 2022 - May 2, 2022	-0.04% Jan 5, 2026 - Jan 7, 2026
#14	-0.54% Jul 12, 2022 - Jul 14, 2022	-0.04% Feb 4, 2026 - Feb 6, 2026
#15	-0.25% Jul 7, 2022 - Jul 11, 2022	N/A

Correlation

Correlation between EUO and FMNY is -0.44 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.44

-101