FSEV vs ULE

Comparison between FIDELITY ENHANCED SMALL CAP VALUE ETF (FSEV, ETF) and ProShares Ultra Euro 2x Shares (ULE, ETF).

FSEV vs ULE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FSEV(ETF)	ULE(ETF)
Net Assets	$5.10M	$5.20M
Expense Ratio	0.28%	N/A
Max Drawdown	4.16%	72.74%
Sharpe Ratio	1.74	-0.24
5Y Beta	1.11	-0.01
P/E Ratio	102.48	N/A
Forward P/E	12.00	N/A
5Y EPS CAGR	6.61%	N/A
Debt to Equity	-2.12%	N/A
P/S Ratio	0.96	N/A
P/B Ratio	1.82	N/A

Net Assets

FSEV

$5.10M

Winner

ULE

$5.20M

Expense Ratio

FSEV

0.28%

ULE

N/A

Max Drawdown

Winner

FSEV

4.16%

ULE

72.74%

Sharpe Ratio

Winner

FSEV

1.74

ULE

-0.24

5Y Beta

FSEV

1.11

Winner

ULE

-0.01

P/E Ratio

FSEV

102.48

ULE

N/A

Forward P/E

FSEV

12.00

ULE

N/A

5Y EPS CAGR

FSEV

6.61%

ULE

N/A

Debt to Equity

FSEV

-2.12%

ULE

N/A

P/S Ratio

FSEV

0.96

ULE

N/A

P/B Ratio

FSEV

1.82

ULE

N/A

FSEV vs ULE - Historical Returns

Returns include dividend reinvestment.

Period	FSEV	ULE
1 month	+3.96%	-3.22%
3 months	N/A	+0.53%
6 months	N/A	-3.85%
1 year	N/A	-2.21%
5 years(CAGR)	N/A	-3.70%
10 years(CAGR)	N/A	-2.61%
Max(CAGR)	+40.51%	-3.88%

Winner

FSEV

+3.96%

ULE

-3.22%

FSEV

N/A

ULE

+0.53%

FSEV

N/A

ULE

-3.85%

FSEV

N/A

ULE

-2.21%

5Y(CAGR)

FSEV

N/A

ULE

-3.70%

10Y(CAGR)

FSEV

N/A

ULE

-2.61%

Max(CAGR)

Winner

FSEV

+40.51%

ULE

-3.88%

FSEV vs ULE - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	FSEV	ULE
2026	+4.08%	-3.20%
2025	N/A	+28.29%
2024	N/A	-9.71%
2023	N/A	+7.98%
2022	N/A	-14.22%
2021	N/A	-15.98%
2020	N/A	+15.45%
2019	N/A	-6.88%
2018	N/A	-14.24%
2017	N/A	+24.45%
2016	N/A	-8.51%
2015	N/A	-20.91%
2014	N/A	-22.69%
2013	N/A	+7.34%
2012	N/A	+0.21%
2011	N/A	-7.08%
2010	N/A	-15.52%
2009	N/A	+3.39%
2008	N/A	+16.33%

FSEV vs ULE Drawdown Comparison

The maximum drawdown for FSEV was -4.16%, occurring on May 19, 2026. Recovery took 13 trading sessions.

The maximum drawdown for ULE was -72.74%, occurring on Sep 27, 2022. This drawdown has not yet recovered.

The current ULE drawdown is -62.43%.

Rank	FSEV	ULE
#1	-4.16% May 6, 2026 - May 26, 2026	-72.74% Nov 25, 2009 - Sep 27, 2022
#2	-2.81% May 28, 2026 - Jun 11, 2026	-24.68% Dec 17, 2008 - Sep 9, 2009
#3	-0.78% May 1, 2026 - May 5, 2026	-5.72% Nov 25, 2008 - Dec 10, 2008
#4	-0.04% May 26, 2026 - May 28, 2026	-4.46% Oct 22, 2009 - Nov 25, 2009
#5	N/A	-3.68% Sep 22, 2009 - Oct 13, 2009
#6	N/A	-0.96% Sep 17, 2009 - Sep 22, 2009
#7	N/A	-0.37% Oct 15, 2009 - Oct 19, 2009
#8	N/A	-0.18% Oct 19, 2009 - Oct 21, 2009
#9	N/A	-0.06% Sep 10, 2009 - Sep 14, 2009

Correlation

Correlation between FSEV and ULE is -1.00 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-1.00

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