ProShares UltraShort Euro (EUO) — Stock Correlations & Overview
Over the past year, EUO has moved most closely with UUP, USDU, YCS. Explore the stocks most correlated and inversely correlated with EUO below, along with its price, financials, and company profile.
Stocks correlated with EUO
Correlation of daily returns. Higher positive values move with EUO; negative values move opposite it. Informational only, not investment advice.
Most correlated with EUO
| Symbol | Company | Correlation |
|---|---|---|
| UUP | Invesco DB US Dollar Index Bullish FundCOMMODITY CONTRACTS BROKERS & DEALERS | 0.82 |
| USDU | WisdomTree Bloomberg U.S. Dollar Bullish Fund | 0.68 |
| YCS | ProShares UltraShort YenCOMMODITY CONTRACTS BROKERS & DEALERS | 0.57 |
| EPV | ProShares UltraShort FTSE Europe | 0.55 |
| EFZ | ProShares Trust Short MSCI EAFE | 0.51 |
Most inversely correlated with EUO
| Symbol | Company | Correlation |
|---|---|---|
| FXE | Invesco CurrencyShares Euro Currency TrustCOMMODITY CONTRACTS BROKERS & DEALERS | -0.97 |
| ULE | ProShares Ultra EuroCOMMODITY CONTRACTS BROKERS & DEALERS | -0.92 |
| ISHG | iShares 1-3 Year International Treasury Bond ETF | -0.89 |
| FXF | Invesco CurrencyShares Swiss Franc TrustCOMMODITY CONTRACTS BROKERS & DEALERS | -0.86 |
| IBND | State Street SPDR Bloomberg International Corporate Bond ETF | -0.85 |
Frequently asked questions about EUO correlations
- Which stocks are most correlated with EUO?
- Based on one year of daily returns, the stocks most correlated with ProShares UltraShort Euro (EUO) are UUP (0.82), USDU (0.68) and YCS (0.57). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with EUO?
- Over the past year, the stocks most inversely correlated with ProShares UltraShort Euro (EUO) are FXE (-0.97), ULE (-0.92) and ISHG (-0.89). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these EUO correlations calculated?
- We compute the correlation of daily returns between EUO and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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