ProShares UltraShort MSCI Emerging Markets (EEV) Performance
EEV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −31.4% since Dec 31, 2025
- 1 year
- −32.6% total return
- 5 years
- −14.4% a year
- 10 years
- −20.6% a year
- Since first price
- −25.0% a year since 2007
EEV trailing returns vs SPY, QQQ, AGG
| Period | EEV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +19.0% | +19.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +6.8% | +4.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −7.6% | −11.8% | +7.8% | +8.4% | −1.5% |
| YTD | −31.4% | −34.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −32.6% | −36.7% | +14.4% | +15.9% | −1.1% |
| 3 years | −71.1%−33.9%/yr | −75.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −54.0%−14.4%/yr | −61.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −90.1%−20.6%/yr | −91.8% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −96.0%−19.3%/yr | −96.7% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionNov 1, 2007 | −99.6%−25.0%/yr | −99.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: EEV vs SPY
From Nov 1, 2007: EEV grew to $43, SPY to $71,199.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EEV returns by calendar year
4 of 18 full years positive. Best 2022 (+37.0%), worst 2009 (−79.3%). 2026 is year to date.
EEV annual returns table
| Year | EEV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −31.4% | −44.5% | +12.3% | +15.1% | −1.0% |
| 2025 | −43.4% | −53.1% | +17.7% | +20.8% | +7.2% |
| 2024 | −8.1% | −35.1% | +24.9% | +25.6% | +1.3% |
| 2023 | −13.1% | −21.5% | +26.2% | +54.9% | +5.7% |
| 2022 | +37.0% | −27.3% | −18.2% | −32.6% | −13.0% |
| 2021 | −5.0% | −21.1% | +28.7% | +27.4% | −1.8% |
| 2020 | −48.9% | −71.3% | +18.3% | +48.6% | +7.5% |
| 2019 | −30.9% | −33.5% | +31.2% | +39.0% | +8.5% |
| 2018 | +24.1% | −19.3% | −4.6% | −0.1% | +0.1% |
| 2017 | −49.0% | −47.7% | +21.7% | +32.7% | +3.6% |
| 2016 | −31.2% | −52.2% | +12.0% | +7.1% | +2.4% |
| 2015 | +20.6% | −29.1% | +1.2% | +9.4% | +0.5% |
| 2014 | −1.7% | −38.3% | +13.5% | +19.2% | +6.0% |
| 2013 | −5.0% | −35.0% | +32.3% | +36.6% | −2.0% |
| 2012 | −38.3% | −38.5% | +16.0% | +18.1% | +3.8% |
| 2011 | +8.2% | −38.4% | +1.9% | +3.4% | +7.7% |
| 2010 | −41.8% | −52.7% | +15.1% | +19.9% | +6.4% |
| 2009 | −79.3% | −84.4% | +26.4% | +54.7% | +3.0% |
| 2008 | −25.1% | −74.7% | −36.8% | −41.7% | +7.9% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
EEV largest drawdowns
Now 99.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 27, 2008 | −99.9% | Jun 22, 2026 | not yet | 17.7 years | 18.0 years so far |
| Oct 9, 2008 | −46.5% | Oct 13, 2008 | Oct 24, 2008 | 4 days | 15 days |
| Feb 6, 2008 | −35.6% | May 16, 2008 | Aug 18, 2008 | 3 months | 6 months |
| Sep 17, 2008 | −35.4% | Sep 19, 2008 | Oct 7, 2008 | 2 days | 20 days |
| Nov 26, 2007 | −24.6% | Dec 6, 2007 | Jan 17, 2008 | 10 days | 52 days |
| Nov 12, 2007 | −13.6% | Nov 14, 2007 | Nov 26, 2007 | 2 days | 14 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
EEV risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | −35.6% | −18.1% | −21.9% | −25.8% |
| Volatility (annualized) | 28.6% | 33.9% | 32.0% | 37.5% |
| Sharpe ratio | -1.53 | -0.52 | -0.67 | -0.63 |
| Sortino ratio | -1.62 | -0.67 | -0.84 | -0.78 |
| Best month | +17.8% | +27.1% | +27.1% | +40.9% |
| Worst month | −22.3% | −26.7% | −26.7% | −34.3% |
| Best 12 months | −8.1% | +83.0% | +83.0% | +83.0% |
| Worst 12 months | −59.1% | −59.1% | −67.1% | −86.1% |
| Positive months | 28% | 42% | 39% | 41% |
| Beta vs S&P 500 | -1.41 | -1.43 | -1.40 | — |
| Correlation with S&P 500 | -0.62 | -0.66 | -0.67 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
EEV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 216 | −86.1% | −19.2% | +83.0% | 22% |
| 3-year (a year) | 192 | −58.1% | −19.0% | +10.6% | 9% |
| 5-year (a year) | 168 | −46.1% | −16.4% | −5.2% | 0% |
| 10-year (a year) | 108 | −33.4% | −19.0% | −12.8% | 0% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
EEV performance overview
ProShares UltraShort MSCI Emerging Markets (EEV) returned −32.6% over the past year and −20.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned −25.0% a year, turning $10,000 into about $43. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.9%, from Oct 27, 2008 to Jun 22, 2026; the fund has not yet regained that high. EEV finished 4 of its 18 full calendar years with a gain; the best year was 2022 (+37.0%) and the worst 2009 (−79.3%). Volatility has been 37.5% a year.
Related: EEV chart, EEV dividends. See the EEV overview for the latest quote and fund facts.
EEV performance FAQ
What is the EEV return over the past year?
EEV returned −32.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 36.7%.
What is the average annual return of EEV?
EEV has returned −14.4% a year over 5 years, −20.6% a year over 10 years, −25.0% a year since November 1, 2007 (total return, distributions reinvested).
How much would $10,000 invested in EEV be worth?
$10,000 invested in EEV at its first recorded close on November 1, 2007 would be worth about $43 on October 23, 2026 with distributions reinvested.
What was the worst year for EEV?
The worst calendar year was 2009, with a total return of −79.3%. The best was 2022 at +37.0%.
What is the biggest drawdown of EEV?
The largest peak-to-trough decline was −99.9% between October 27, 2008 and June 22, 2026. It has not yet recovered to that high; it is 99.8% below its peak.
How volatile is EEV?
Over the past 3 years EEV had an annualized volatility of 28.6% and a Sharpe ratio of -1.53 (excess return over 1–3 month T-bills per unit of risk).