5 Best European ETFs to Buy

3. ProShares UltraShort Euro (NYSEARCA:EUO)

5-Year Price Performance: 35.2%

Total Net Assets as of September 21, 2023: $46.09 million

Expense Ratio: 0.98%

Number of Holdings: 2

The ProShares UltraShort Euro (NYSEARCA: EUO) offers double (2x) inverse leveraged exposure, making it suitable for traders who anticipate a decline in the euro. However, it comes with high daily volatility and major compounding risks over long periods. Experts recommend this ETF for active traders. The ETF is designed to deliver twice the opposite daily performance of the US dollar price compared to the euro. In simpler terms, if the euro falls by 1% against the dollar on a particular day, the EUO is expected to increase by approximately 2%.