SDS vs FXE

Comparison between ProShares UltraShort S&P500 -2x Shares (SDS, ETF) and Invesco CurrencyShares Euro Trust (FXE, ETF).

5-Year PerformanceFXE has outperformed SDS, delivering a return of -0.4% compared to -21.3%

SDS vs FXE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SDS(ETF)	FXE(ETF)
Net Assets	$443M	$443M
Expense Ratio	N/A	0.40%
Max Drawdown	99.89%	44.67%
Sharpe Ratio	-1.61	-0.28
5Y Beta	-1.91	-0.01
5Y Dividends CAGR	9.31%	N/A

Net Assets

SDS

$443M

FXE

$443M

Expense Ratio

SDS

N/A

FXE

0.40%

Max Drawdown

SDS

99.89%

Winner

FXE

44.67%

Sharpe Ratio

SDS

-1.61

Winner

FXE

-0.28

5Y Beta

Winner

SDS

-1.91

FXE

-0.01

5Y Dividends CAGR

SDS

9.31%

FXE

N/A

SDS vs FXE - Historical Returns

Returns include dividend reinvestment.

Period	SDS	FXE
1 month	-3.21%	-1.41%
3 months	-14.30%	-0.55%
6 months	-12.35%	-0.69%
1 year	-32.38%	+1.44%
5 years(CAGR)	-21.29%	-0.35%
10 years(CAGR)	-27.33%	+0.09%
Max(CAGR)	-25.09%	+0.12%

SDS

-3.21%

Winner

FXE

-1.41%

SDS

-14.30%

Winner

FXE

-0.55%

SDS

-12.35%

Winner

FXE

-0.69%

SDS

-32.38%

Winner

FXE

+1.44%

5Y(CAGR)

SDS

-21.29%

Winner

FXE

-0.35%

10Y(CAGR)

SDS

-27.33%

Winner

FXE

+0.09%

Max(CAGR)

SDS

-25.09%

Winner

FXE

+0.12%

SDS vs FXE - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	SDS	FXE
2026	-13.03%	-1.36%
2025	-27.18%	+15.55%
2024	-30.24%	-3.36%
2023	-32.17%	+6.37%
2022	+32.17%	-5.88%
2021	-44.54%	-8.08%
2020	-48.99%	+8.40%
2019	-41.12%	-1.97%
2018	+7.54%	-5.78%
2017	-30.97%	+14.54%
2016	-26.29%	-3.55%
2015	-9.61%	-9.98%
2014	-27.06%	-11.81%
2013	-42.30%	+3.90%
2012	-27.66%	+0.72%
2011	-17.21%	-2.84%
2010	-29.93%	-7.48%
2009	-47.35%	+3.32%
2008	+57.43%	-2.02%
2007	-4.12%	+14.49%
2006	-19.87%	+12.27%
2005	N/A	-0.88%

SDS vs FXE Drawdown Comparison

The maximum drawdown for SDS was -99.85%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The maximum drawdown for FXE was -43.32%, occurring on Sep 27, 2022. This drawdown has not yet recovered.

The current SDS drawdown is -99.84%. The current FXE drawdown is -28.45%.

Rank	SDS	FXE
#1	-99.85% Mar 9, 2009 - Jun 2, 2026	-43.32% Jul 11, 2008 - Sep 27, 2022
#2	-41.04% Nov 20, 2008 - Mar 5, 2009	-3.60% Nov 26, 2007 - Jan 14, 2008
#3	-33.06% Jul 17, 2006 - Jul 11, 2008	-3.54% Jan 23, 2006 - Apr 4, 2006
#4	-31.02% Oct 27, 2008 - Nov 20, 2008	-3.49% Apr 22, 2008 - Jul 2, 2008
#5	-22.44% Oct 10, 2008 - Oct 27, 2008	-3.04% Jun 2, 2006 - Aug 4, 2006
#6	-14.92% Jul 15, 2008 - Sep 17, 2008	-3.01% Dec 1, 2006 - Mar 15, 2007
#7	-13.57% Sep 17, 2008 - Sep 29, 2008	-2.74% Jan 30, 2008 - Feb 26, 2008
#8	-8.50% Sep 29, 2008 - Oct 3, 2008	-2.73% Jul 20, 2007 - Sep 7, 2007
#9	-0.43% Mar 5, 2009 - Mar 9, 2009	-2.63% Aug 21, 2006 - Nov 9, 2006
#10	N/A	-2.25% Apr 27, 2007 - Jul 2, 2007
#11	N/A	-2.09% Mar 17, 2008 - Mar 26, 2008
#12	N/A	-1.72% Jan 14, 2008 - Jan 30, 2008
#13	N/A	-1.52% Apr 5, 2006 - Apr 18, 2006
#14	N/A	-1.51% May 12, 2006 - Jun 2, 2006
#15	N/A	-1.47% Dec 16, 2005 - Jan 3, 2006

Correlation

Correlation between SDS and FXE is 0.68 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.68

-101

Dividend Comparison (2006 - 2026)

SDS vs FXE dividend yield comparison.

Year	SDS	FXE
2026	0.70%	0.37%
2025	5.88%	0.94%
2024	7.89%	2.28%
2023	5.77%	1.49%
2022	0.35%	0.01%
2020	0.92%	0.00%
2019	1.84%	0.00%
2018	1.28%	0.00%
2017	0.09%	0.00%
2011	0.00%	0.23%
2010	0.00%	0.01%
2009	0.00%	0.34%
2008	22.43%	3.57%
2007	3.30%	3.01%
2006	1.24%	1.97%