# EET (ProShares Ultra MSCI Emerging Markets)

ProShares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: EET returned −2.1% where its own daily promise gave −0.5%, 1.6 points short.

## Key facts

- EET, what EEM did: +0.5%, as of Sep 30, 2026.
- EET, what 2 times a day gives: −0.5%, as of Sep 30, 2026.
- EET, what the fund returned: −2.1%, as of Sep 30, 2026.
- EET, the fund itself cost: −1.6 pts, as of Sep 30, 2026.
- EET, net assets: $42m (issuer page, as of Sep 30, 2026).
- EET, expense ratio: 0.95% (485BPOS XBRL, Sep 25, 2026).

## EET over each window to Sep 30, 2026

| Window | Fund | EEM | +2x the move | Difference | EEM moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −1.7% | −0.3% | −0.7% | −1.1 pts | 21% |
| 3 months | −2.1% | +0.5% | +0.9% | −3.0 pts | 24% |
| 6 months | +28.4% | +17.3% | +34.6% | −6.2 pts | 29% |
| 1 year | +43.3% | +27.5% | +55.0% | −11.7 pts | 25% |
| 3 years | +159.3% | +89.1% | +178.1% | −18.9 pts | 20% |
| Since launch | +30.6% | +121.1% | 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 +0.5% over this window, too little to read a multiple from | ETFIQ |
| Underlying | EEM | ETFIQ |
| Segment | sector or country, country | ETFIQ |
| Net assets | $42m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Sep 25, 2026 |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 24% annualized | ETFIQ |

## Questions

### Did EET return +2 times EEM?

Over the window to Sep 30, 2026, EEM moved +0.5% and EET returned −2.1%. 2 times that move is +0.9%, so the fund came out 3.0 points short of it.

### Why does EET not return +2 times over a year?

Because it resets daily. EET 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, EET, data as of Sep 30, 2026. https://etfiq.com/funds/eet
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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