Investment Test Drive

ULE ProShares Ultra Euro

4 lower fee alternatives found

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  YOU ASKED ABOUT FEATURED ALTERNATIVE ? ALTERNATIVE
Fund ULE ProShares Ultra Euro CEFL UBS ETRACS Mthly Py 2xLvg Closed-End ETN DRR Market Vectors® Double Short Euro ETN  
Similarity
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100% 88% 95%
Annual Fees
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$93.54
(0.93% Exp. Ratio)
$50.29
(0.50% Exp. Ratio)
$65.38
(0.65% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 0.58% annual return
$8,992.08 $10,239.71 $9,786.59
Est. savings over 30 yrs +$1,247.63 +$794.51
Return
As of 12/31/16
1 YR RETURN -9.63%
3 YR -18.65%
5 YR -10.11%
10 YR --
1 YR RETURN 30.38%
3 YR 3.55%
5 YR --
10 YR --
1 YR RETURN 6.84%
3 YR 18.27%
5 YR 6.97%
10 YR --
Description
The investment seeks results for a single day that match (before fees and expenses) two times (2x) the daily performance of the U.S. dollar price of the euro. The fund invests principally in any one of or combinations of Financial Instruments, including swap agreements, futures contracts or forward contracts with respect to the applicable fund’s benchmark to the extent determined appropriate by the Sponsor. It will also hold cash or cash equivalents such as U.S. Treasury securities or other high credit quality, short-term fixed-income or similar securities for direct investment or as collateral for Financial Instruments.
The investment seeks a return linked to the performance of the price return version of the ISE High Income™ Index. The ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN due December 10, 2043 (the “Securities”) are a series of Monthly Pay 2xLeveraged Exchange Traded Access Securities (ETRACS) linked to the price return. The index measures the performance of 30 U.S. closed-end funds, as selected and ranked by the index sponsor in accordance with the index methodology.
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.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

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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