EUO vs ZHDG

Comparison between ProShares UltraShort Euro -2X Shares (EUO, ETF) and ZEGA BUY AND HEDGE ETF (ZHDG, ETF).

5-Year PerformanceZHDG has outperformed EUO, delivering a return of +5.6% compared to +5.1%

EUO vs ZHDG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EUO(ETF)	ZHDG(ETF)
Net Assets	$35M	$35M
Expense Ratio	N/A	0.97%
Max Drawdown	38.58%	25.92%
Sharpe Ratio	0.44	0.72
5Y Beta	-0.00	0.62

Net Assets

EUO

$35M

ZHDG

$35M

Expense Ratio

EUO

N/A

ZHDG

0.97%

Max Drawdown

EUO

38.58%

Winner

ZHDG

25.92%

Sharpe Ratio

EUO

0.44

Winner

ZHDG

0.72

5Y Beta

Winner

EUO

-0.00

ZHDG

0.62

EUO vs ZHDG - Historical Returns

Returns include dividend reinvestment.

Period	EUO	ZHDG
1 month	+0.52%	+0.09%
3 months	+7.06%	+4.99%
6 months	+7.18%	+4.44%
1 year	+10.16%	+11.41%
5 years(CAGR)	+5.08%	+5.61%
10 years(CAGR)	+2.26%	N/A
Max(CAGR)	+1.25%	+5.56%

Winner

EUO

+0.52%

ZHDG

+0.09%

Winner

EUO

+7.06%

ZHDG

+4.99%

Winner

EUO

+7.18%

ZHDG

+4.44%

EUO

+10.16%

Winner

ZHDG

+11.41%

5Y(CAGR)

EUO

+5.08%

Winner

ZHDG

+5.61%

10Y(CAGR)

EUO

+2.26%

ZHDG

N/A

Max(CAGR)

EUO

+1.25%

Winner

ZHDG

+5.56%

EUO vs ZHDG - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	EUO	ZHDG
2026	+8.00%	+4.52%
2025	-20.35%	+15.11%
2024	+17.65%	+18.03%
2023	-3.73%	+13.42%
2022	+12.58%	-22.18%
2021	+15.60%	+6.40%
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 ZHDG Drawdown Comparison

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

The maximum drawdown for ZHDG was -23.27%, occurring on Dec 28, 2022. Recovery took 684 trading sessions.

The current EUO drawdown is -15.17%. The current ZHDG drawdown is -1.86%.

Rank	EUO	ZHDG
#1	-38.58% Jun 7, 2010 - Mar 6, 2015	-23.27% Dec 29, 2021 - Sep 19, 2024
#2	-35.73% Dec 1, 2008 - Jun 4, 2010	-11.65% Dec 6, 2024 - Jun 24, 2025
#3	-31.49% Mar 13, 2015 - Feb 12, 2020	-8.56% Jan 27, 2026 - Apr 30, 2026
#4	-25.67% Mar 19, 2020 - Apr 27, 2022	-4.47% Sep 3, 2021 - Oct 26, 2021
#5	-25.28% Sep 27, 2022 - Jan 27, 2026	-4.02% Jun 2, 2026 - Jun 10, 2026
#6	-11.78% Feb 20, 2020 - Mar 19, 2020	-3.79% Oct 28, 2025 - Jan 7, 2026
#7	-6.96% May 12, 2022 - Jul 5, 2022	-2.95% Nov 5, 2021 - Dec 8, 2021
#8	-5.56% Jul 14, 2022 - Aug 22, 2022	-2.80% Oct 14, 2024 - Nov 6, 2024
#9	-4.27% Sep 6, 2022 - Sep 21, 2022	-2.34% Jan 7, 2026 - Jan 27, 2026
#10	-2.91% May 2, 2022 - May 12, 2022	-2.30% Jul 25, 2025 - Aug 12, 2025
#11	-1.95% Aug 22, 2022 - Sep 1, 2022	-2.23% Oct 8, 2025 - Oct 24, 2025
#12	-1.56% Mar 11, 2015 - Mar 13, 2015	-1.94% Dec 10, 2021 - Dec 23, 2021
#13	-0.78% Apr 28, 2022 - May 2, 2022	-1.87% Nov 11, 2024 - Nov 26, 2024
#14	-0.54% Jul 12, 2022 - Jul 14, 2022	-1.86% May 14, 2026 - May 26, 2026
#15	-0.25% Jul 7, 2022 - Jul 11, 2022	-1.71% Jul 14, 2021 - Jul 23, 2021