# EEV (ProShares UltraShort MSCI Emerging Markets)

ProShares · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: EEV returned −4.5% where its own daily promise gave −6.4%, 1.9 points over.

## Key facts

- EEV, what EEM did: +0.4%, as of Sep 11, 2026.
- EEV, what −2 times a day gives: −6.4%, as of Sep 11, 2026.
- EEV, what the fund returned: −4.5%, as of Sep 11, 2026.
- EEV, the fund itself added: +1.9 pts, as of Sep 11, 2026.
- EEV, net assets: $2m (issuer page, as of Sep 11, 2026).
- EEV, expense ratio: 0.95% (485BPOS XBRL, Sep 23, 2025).

## EEV over each window to Sep 11, 2026

| Window | Fund | EEM | -2x the move | Difference | EEM moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −4.1% | +2.1% | −4.2% | +0.1 pts | 19% |
| 3 months | −4.5% | +0.4% | −0.9% | −3.6 pts | 28% |
| 6 months | −37.1% | +20.0% | −40.1% | +3.0 pts | 30% |
| 1 year | −48.4% | +32.3% | −64.5% | +16.2 pts | 25% |
| 3 years | −72.3% | +86.5% | −173.1% | +100.7 pts | 20% |
| Since launch | −97.6% | +124.6% | not meaningful over this window | not meaningful over this window | 22% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of EEM, reset daily | ETFIQ |
| Multiple a holder actually got over the window | EEM moved +0.4% over this window, too little to read a multiple from | ETFIQ |
| Underlying | EEM | ETFIQ |
| Segment | sector or country, country | ETFIQ |
| Net assets | $2m | issuer page, as of Sep 11, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Sep 23, 2025 |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 28% annualized | ETFIQ |

## Questions

### Did EEV return -2 times EEM?

Over the window to Sep 11, 2026, EEM moved +0.4% and EEV returned −4.5%. 2 times that move is −0.9%, so the fund came out 3.6 points short of it.

### Why does EEV not return -2 times over a year?

Because it resets daily. EEV aims at -2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, EEV, data as of Sep 11, 2026. https://etfiq.com/funds/EEV
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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