Data as of .
EPV vs XEUR: which held to its multiple?
Over three months against its own daily promise, EPV finished 2.1 points over and XEUR 3.0 points short.
ETFIQ Decay Resistance Score: EPV scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 121 inverse ETFs over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| EPV | XEUR | EPV | XEUR | EPV | XEUR | |
| 1 month | +5.5% | −5.7% | +4.8% | −4.8% | +0.7 pts | −0.9 pts |
| 3 months | −2.5% | +0.3% | −3.6% | +3.6% | +1.2 pts | −3.3 pts |
| 6 months | −20.3% | not published | −23.2% | not published | +2.9 pts | not published |
| 1 year | −25.6% | not published | −33.1% | not published | +7.4 pts | not published |
| 3 years | −61.0% | not published | −131.0% | not published | +70.0 pts | not published |
| Since launch | −98.8% | +3.6% | not meaningful | +7.6% | not meaningful | −4.0 pts |
| EPV ProShares UltraShort FTSE Europe Aims to return twice the opposite of the daily move of VANGUARD EUROPEAN STOCK INDEX FUND ETF SHARES (VGK) | XEUR Corgi Europe Equities 2x Daily ETF Aims to return twice the daily move of VANGUARD EUROPEAN STOCK INDEX FUND ETF SHARES (VGK) | |
|---|---|---|
| Issuer | ProShares | Corgi |
| Sets out to return | -2x | +2x |
| On | VGK | VGK |
| Segment | country | index |
| Fund returned, 3 months | −2.5% | +0.3% |
| Underlying returned, 3 months | +1.8% | +1.8% |
| What the stated multiple implies, 3 months | −3.6% | +3.6% |
| Difference from stated, 3 months | +1.2 pts | −3.3 pts |
| Fund returned, 1 year or since launch | −25.6% | +3.6% |
| Difference from stated, over that window | +7.4 pts | −4.0 pts |
| Underlying volatility | 12% | 12% |
| Difference over the days both have traded | no shared window | −3.3 pts |
| Expense ratio | 0.95% | 0.45% |
| Launched | Jan 4, 2010 | Jun 3, 2026 |
EPV in plain words
Three months to Sep 11, 2026: EPV returned −2.5% where its own daily promise gave −4.5%, 2.1 points over. Read the multiple against the whole window instead and −2 times VGK's 1.8% implies −3.6%, which makes EPV look 1.2 points over. 0.9 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. EPV aims to return -2 times VGK's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not -2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. VGK moved at 12% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
XEUR in plain words
Three months to Sep 11, 2026: XEUR returned +0.3% where its own daily promise gave +3.3%, 3.0 points short. Read the multiple against the whole window instead and +2 times VGK's 1.8% implies +3.6%, which makes XEUR look 3.3 points short. 0.3 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. XEUR aims to return +2 times VGK's move each day, then resets. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more.
Questions people ask
- Which came closer to its stated multiple, EPV or XEUR?
- Over the window to Sep 11, 2026, EPV finished 1.2 points from what its multiple implies and XEUR finished 3.3 points from its own, so EPV came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are EPV and XEUR levered on the same thing?
- Yes. Both are levered on VANGUARD EUROPEAN STOCK INDEX FUND ETF SHARES, EPV at -2 times and XEUR at +2 times the daily move.
- Which one decays faster, EPV or XEUR?
- Decay follows how much the underlying moves about. Over this window EPV’s moved at 12% annualized and XEUR’s at 12%, so EPV has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold EPV or XEUR for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, EPV or XEUR?
- EPV charges 0.95% a year and XEUR charges 0.45%, so XEUR is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, EPV against XEUR, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/EPV-XEUR Free to use with attribution; the underlying files are at Open data.