ProShares UltraShort FTSE Europe (EPV) Performance
EPV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −10.0% since Dec 31, 2025
- 1 year
- −16.1% total return
- 5 years
- −16.9% a year
- 10 years
- −21.9% a year
- Since first price
- −18.5% a year since 2009
EPV trailing returns vs SPY, QQQ, AGG
| Period | EPV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +4.3% | +4.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +4.1% | +2.7% | +3.2% | +1.9% | −0.4% |
| 6 months | −2.0% | −4.2% | +7.8% | +8.4% | −1.5% |
| YTD | −10.0% | −12.4% | +12.3% | +15.1% | −1.0% |
| 1 year | −16.1% | −19.4% | +14.4% | +15.9% | −1.1% |
| 3 years | −62.4%−27.8%/yr | −67.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −60.3%−16.9%/yr | −65.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −91.5%−21.9%/yr | −92.8% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −97.6%−22.1%/yr | −98.0% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionJun 19, 2009 | −97.1%−18.5%/yr | −97.5% | — | — | — |
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: EPV vs SPY
From Jun 19, 2009: EPV grew to $289, SPY to $112,043.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EPV returns by calendar year
5 of 16 full years positive. Best 2011 (+226.1%), worst 2025 (−45.2%). 2026 is year to date.
EPV annual returns table
| Year | EPV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −10.0% | −30.2% | +12.3% | +15.1% | −1.0% |
| 2025 | −45.2% | −46.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +2.0% | −26.1% | +24.9% | +25.6% | +1.3% |
| 2023 | −30.8% | −30.1% | +26.2% | +54.9% | +5.7% |
| 2022 | +15.5% | −40.9% | −18.2% | −32.6% | −13.0% |
| 2021 | −31.6% | −34.2% | +28.7% | +27.4% | −1.8% |
| 2020 | −37.3% | −70.7% | +18.3% | +48.6% | +7.5% |
| 2019 | −36.1% | −38.1% | +31.2% | +39.0% | +8.5% |
| 2018 | +32.2% | −12.3% | −4.6% | −0.1% | +0.1% |
| 2017 | −39.8% | −39.1% | +21.7% | +32.7% | +3.6% |
| 2016 | −12.1% | −33.6% | +12.0% | +7.1% | +2.4% |
| 2015 | −7.8% | −30.5% | +1.2% | +9.4% | +0.5% |
| 2014 | +5.2% | −25.6% | +13.5% | +19.2% | +6.0% |
| 2013 | −42.2% | −42.4% | +32.3% | +36.6% | −2.0% |
| 2012 | −44.0% | −46.8% | +16.0% | +18.1% | +3.8% |
| 2011 | +226.1% | −39.0% | +1.9% | +3.4% | +7.7% |
| 2010 | −34.7% | −53.7% | +15.1% | +19.9% | +6.4% |
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.
EPV largest drawdowns
Now 98.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 22, 2011 | −98.6% | Aug 25, 2026 | not yet | 14.9 years | 15.1 years so far |
| Jul 8, 2009 | −71.5% | Feb 18, 2011 | Feb 25, 2011 | 1.6 years | 1.6 years |
| Mar 16, 2011 | −29.7% | Apr 29, 2011 | Aug 8, 2011 | 44 days | 5 months |
| Aug 8, 2011 | −22.3% | Aug 31, 2011 | Sep 22, 2011 | 23 days | 45 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
EPV risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2009 |
|---|---|---|---|---|
| Annualized return | −26.6% | −18.9% | −21.6% | −18.6% |
| Volatility (annualized) | 26.0% | 33.6% | 31.8% | 73.8% |
| Sharpe ratio | -1.22 | -0.56 | -0.67 | -0.11 |
| Sortino ratio | -1.41 | -0.73 | -0.86 | -0.30 |
| Best month | +16.6% | +21.0% | +21.0% | +272.7% |
| Worst month | −16.9% | −24.1% | −27.3% | −27.3% |
| Best 12 months | +2.0% | +58.5% | +58.5% | +266.0% |
| Worst 12 months | −45.2% | −45.2% | −61.9% | −61.9% |
| Positive months | 28% | 37% | 37% | 38% |
| Beta vs S&P 500 | -1.16 | -1.64 | -1.66 | — |
| Correlation with S&P 500 | -0.56 | -0.76 | -0.80 | — |
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.
EPV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 197 | −61.9% | −21.9% | +266.0% | 24% |
| 3-year (a year) | 173 | −37.5% | −18.1% | +8.9% | 8% |
| 5-year (a year) | 149 | −28.0% | −19.7% | +4.3% | 1% |
| 10-year (a year) | 89 | −25.7% | −19.0% | −7.6% | 0% |
Every holding period starting at a month-end since 2009. Returns for 3 years and longer are annualized.
EPV performance overview
ProShares UltraShort FTSE Europe (EPV) returned −16.1% over the past year and −21.9% a year over ten years, with distributions reinvested. Since its first recorded price in 2009 it has returned −18.5% a year, turning $10,000 into about $289. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −98.6%, from Sep 22, 2011 to Aug 25, 2026; the fund has not yet regained that high. EPV finished 5 of its 16 full calendar years with a gain; the best year was 2011 (+226.1%) and the worst 2025 (−45.2%). Volatility has been 73.8% a year.
Related: EPV chart, EPV dividends. See the EPV overview for the latest quote and fund facts.
EPV performance FAQ
What is the EPV return over the past year?
EPV returned −16.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 19.4%.
What is the average annual return of EPV?
EPV has returned −16.9% a year over 5 years, −21.9% a year over 10 years, −18.5% a year since June 19, 2009 (total return, distributions reinvested).
How much would $10,000 invested in EPV be worth?
$10,000 invested in EPV at its first recorded close on June 19, 2009 would be worth about $289 on October 23, 2026 with distributions reinvested.
What was the worst year for EPV?
The worst calendar year was 2025, with a total return of −45.2%. The best was 2011 at +226.1%.
What is the biggest drawdown of EPV?
The largest peak-to-trough decline was −98.6% between September 22, 2011 and August 25, 2026. It has not yet recovered to that high; it is 98.3% below its peak.
How volatile is EPV?
Over the past 3 years EPV had an annualized volatility of 26.0% and a Sharpe ratio of -1.22 (excess return over 1–3 month T-bills per unit of risk).