Which Financial ETF Is the Better Buy: iShares' European EUFN or ProShares' Leveraged UYG?

iShares MSCI Europe Financials ETF (EUFN) is recommended as the better choice for long-term investors over ProShares Ultra Financials (UYG). EUFN offers broad exposure to European financial institutions with a low 0.49% expense ratio and delivered a 31.1% one-year return. UYG, a 2x leveraged fund designed for short-term traders, carries an 18.4% expense ratio, experienced a steeper 49.6% maximum drawdown, and suffers from volatility decay due to daily leverage resets.