ZHDG vs EUO

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

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

ZHDG vs EUO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

ZHDG

$35M

EUO

$35M

Expense Ratio

ZHDG

0.97%

EUO

N/A

Max Drawdown

Winner

ZHDG

25.92%

EUO

38.58%

Sharpe Ratio

Winner

ZHDG

0.72

EUO

0.44

5Y Beta

ZHDG

0.62

Winner

EUO

-0.00

ZHDG vs EUO - Historical Returns

Returns include dividend reinvestment.

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

ZHDG

+0.09%

Winner

EUO

+0.52%

ZHDG

+4.99%

Winner

EUO

+7.06%

ZHDG

+4.44%

Winner

EUO

+7.18%

Winner

ZHDG

+11.41%

EUO

+10.16%

5Y(CAGR)

Winner

ZHDG

+5.61%

EUO

+5.08%

10Y(CAGR)

ZHDG

N/A

EUO

+2.26%

Max(CAGR)

Winner

ZHDG

+5.56%

EUO

+1.25%

ZHDG vs EUO - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	ZHDG	EUO
2026	+4.52%	+8.00%
2025	+15.11%	-20.35%
2024	+18.03%	+17.65%
2023	+13.42%	-3.73%
2022	-22.18%	+12.58%
2021	+6.40%	+15.60%
2020	N/A	-16.62%
2019	N/A	+8.33%
2018	N/A	+15.37%
2017	N/A	-23.55%
2016	N/A	+5.29%
2015	N/A	+16.31%
2014	N/A	+24.91%
2013	N/A	-10.45%
2012	N/A	-4.90%
2011	N/A	+0.10%
2010	N/A	+9.96%
2009	N/A	-12.91%
2008	N/A	-14.10%

ZHDG vs EUO Drawdown Comparison

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

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

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

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