# EPV (ProShares UltraShort FTSE Europe)

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

Three months to Sep 11, 2026: EPV returned −2.5% where its own daily promise gave −4.5%, 2.1 points over.

## Key facts

- EPV, what VGK did: +1.8%, as of Sep 11, 2026.
- EPV, what −2 times a day gives: −4.5%, as of Sep 11, 2026.
- EPV, what the fund returned: −2.5%, as of Sep 11, 2026.
- EPV, the fund itself added: +2.1 pts, as of Sep 11, 2026.
- EPV, net assets: $10m (issuer page, as of Sep 11, 2026).
- EPV, expense ratio: 0.95% (485BPOS XBRL, Sep 23, 2025).

## EPV over each window to Sep 11, 2026

| Window | Fund | VGK | -2x the move | Difference | VGK moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +5.5% | −2.4% | +4.8% | +0.7 pts | 9% |
| 3 months | −2.5% | +1.8% | −3.6% | +1.2 pts | 12% |
| 6 months | −20.3% | +11.6% | −23.2% | +2.9 pts | 18% |
| 1 year | −25.6% | +16.5% | −33.1% | +7.4 pts | 16% |
| 3 years | −61.0% | +65.5% | −131.0% | +70.0 pts | 16% |
| Since launch | −98.8% | +217.9% | not meaningful over this window | not meaningful over this window | 21% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of VGK, reset daily | ETFIQ |
| Multiple a holder actually got over the window | VGK moved +1.8% over this window, too little to read a multiple from | ETFIQ |
| Underlying | VGK | ETFIQ |
| Segment | sector or country, country | ETFIQ |
| Net assets | $10m | 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 | 12% annualized | ETFIQ |

## Questions

### Did EPV return -2 times VGK?

Over the window to Sep 11, 2026, VGK moved +1.8% and EPV returned −2.5%. 2 times that move is −3.6%, so the fund came out 1.2 points ahead of it.

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

Because it resets daily. EPV 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, EPV, data as of Sep 11, 2026. https://etfiq.com/funds/EPV
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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