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ProShares UltraShort MSCI Emerging Markets (EEV)



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Upturn Advisory Summary
08/14/2025: EEV (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type ETF | Historic Profit -46.55% | Avg. Invested days 22 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta -1.34 | 52 Weeks Range 12.41 - 20.35 | Updated Date 06/29/2025 |
52 Weeks Range 12.41 - 20.35 | Updated Date 06/29/2025 |
Upturn AI SWOT
ProShares UltraShort MSCI Emerging Markets
ETF Overview
Overview
ProShares UltraShort MSCI Emerging Markets (EEV) seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the MSCI Emerging Markets Index. It is designed for sophisticated investors seeking to profit from a short-term decline in emerging market equities.
Reputation and Reliability
ProShares is a well-known issuer of leveraged and inverse ETFs, known for its experience in this niche market.
Management Expertise
ProShares has a dedicated team managing leveraged and inverse ETFs, employing sophisticated strategies to achieve the fund's objectives.
Investment Objective
Goal
To provide daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the MSCI Emerging Markets Index.
Investment Approach and Strategy
Strategy: The ETF employs a leveraged inverse strategy, aiming to deliver twice the inverse of the daily performance of the MSCI Emerging Markets Index through derivatives.
Composition Primarily derivatives, such as swap agreements, futures contracts, and options on the MSCI Emerging Markets Index.
Market Position
Market Share: EEV's market share within the leveraged inverse emerging markets ETF segment is variable and depends on investor sentiment and trading activity.
Total Net Assets (AUM): 49600000
Competitors
Key Competitors
- Direxion Daily Emerging Markets Bear 3x Shares (EDZ)
- None (Direct Inverse -2x/3x Emerging Markets ETFs are a Niche Product)
Competitive Landscape
The competitive landscape is limited due to the specialized nature of leveraged and inverse emerging markets ETFs. EEV offers -2x leverage, while EDZ offers -3x, catering to different risk appetites. EEV's advantage lies in ProShares' experience, but disadvantages include the risks inherent in leveraged and inverse strategies.
Financial Performance
Historical Performance: Historical performance is highly volatile due to the leveraged inverse nature. Data not available for array output. Results will depend on emerging market performance.
Benchmark Comparison: The ETF is designed to deliver -2x the daily performance of the MSCI Emerging Markets Index, so tracking error is measured against this objective.
Expense Ratio: 0.95
Liquidity
Average Trading Volume
Average daily trading volume can vary significantly based on market conditions, but is generally liquid enough for most traders.
Bid-Ask Spread
The bid-ask spread tends to be wider than non-leveraged ETFs due to the higher risks and specialized nature of the product.
Market Dynamics
Market Environment Factors
Economic growth in emerging markets, political stability, currency fluctuations, and global trade policies significantly impact EEV's performance.
Growth Trajectory
EEV's growth is dependent on increased investor interest in hedging or speculating against emerging market equities, which correlates with market volatility and economic uncertainty.
Moat and Competitive Advantages
Competitive Edge
ProShares' EEV benefits from the issuer's established reputation and expertise in offering leveraged and inverse ETFs. It has a clear and defined objective: to provide -2x daily inverse exposure to emerging markets equities. It is designed for short-term trading strategies and those wanting to hedge against emerging market declines. The fund offers a targeted solution for investors seeking to express a specific bearish view on emerging markets.
Risk Analysis
Volatility
EEV exhibits very high volatility due to its leveraged nature. Expect extreme swings in value.
Market Risk
The primary risk is market risk associated with emerging market equities, amplified by the leverage. Compounding can cause performance to deviate significantly over longer periods from the stated -2x daily objective.
Investor Profile
Ideal Investor Profile
EEV is suitable for sophisticated investors with a high risk tolerance who understand the complexities of leveraged and inverse ETFs and have a short-term investment horizon.
Market Risk
Best suited for active traders seeking short-term hedging or speculative opportunities rather than long-term investors.
Summary
ProShares UltraShort MSCI Emerging Markets (EEV) is a leveraged inverse ETF designed to provide -2x the daily performance of the MSCI Emerging Markets Index. It is a high-risk, high-reward instrument intended for sophisticated short-term traders who have a bearish outlook on emerging market equities. Its performance is highly volatile and subject to the effects of compounding. Investors should carefully consider their risk tolerance and investment objectives before investing in EEV. Due to the leveraged nature of the fund, long-term performance can deviate significantly from the underlying index's inverse return.
Peer Comparison
Sources and Disclaimers
Data Sources:
- ProShares Website
- ETF.com
- Morningstar
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Leveraged and inverse ETFs are complex financial instruments and may not be suitable for all investors. Past performance is not indicative of future results. Please consult with a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ProShares UltraShort MSCI Emerging Markets
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The index is designed to measure the performance of large and mid-capitalization companies across 24 emerging market countries. Under normal circumstances, the fund will obtain inverse leveraged exposure to at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified.

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