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EUFX ProShares Short Euro

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Fund EUFX ProShares Short Euro DRR Market Vectors® Double Short Euro ETN  
Similarity
?
100% 90%
Annual Fees
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$93.30
(0.93% Exp. Ratio)
$65.21
(0.65% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 0.32% annual return
$8,324.75 $9,060.30
Est. savings over 30 yrs +$735.55
Return
As of 10/31/16
1 YR RETURN -0.29%
3 YR 6.10%
5 YR --
10 YR --
1 YR RETURN -0.04%
3 YR 14.38%
5 YR 7.86%
10 YR --
Description
The investment seeks results for a single day that match (before fees and expenses) the inverse (-1x) of the daily performance of the U.S. dollar price of the euro. The manager intends to meet its investment objective by obtaining long or short exposures to its benchmark through futures contracts on its underlying currency. The fund may also invest in forward contracts if the market for a specific futures contract experiences emergencies or disruptions that prevent the funds from obtaining the appropriate amount of investment exposure to the affected futures contracts directly.
The investment seeks to replicate, net of expenses, the Double Short Euro Index. As the index is two-times leveraged, for every 1% weakening of the euro relative to the U.S. dollar, the level of the index will generally increase by 2%, while for every 1% strengthening of the euro relative to the U.S. dollar, the index will generally decrease by 2%.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

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Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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