- ISIN
- US74347X5005
- CUSIP
- 74347X500
- Issuer
- ProShares
- Inception Date
- Jun 2, 2009
- Region
- Developed Markets (EAFE)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- MSCI EAFE Index (200%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $29M
Share Price Chart
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Performance
EFO Performance Chart
ProShares Ultra MSCI EAFE (EFO) is up 16.8% since the beginning of the year. EFO is currently trading at $74 per share. Investors who bought $1,000 worth of EFO shares 5 years ago would now be looking at an investment worth $1,528.
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Returns By Period
ProShares Ultra MSCI EAFE (EFO) has returned 16.83% so far this year and 44.48% over the past 12 months. Over the last ten years, EFO has returned 12.23% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
ProShares Ultra MSCI EAFE
- 1D
- 0.04%
- 1M
- 3.62%
- YTD
- 16.83%
- 6M
- 17.51%
- 1Y
- 44.48%
- 3Y*
- 25.57%
- 5Y*
- 8.85%
- 10Y*
- 12.23%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
EFO Monthly Returns History
Based on dividend-adjusted daily data since Jun 4, 2009, EFO's average daily return is +0.06%, while the average monthly return is +1.14%. At this rate, an investment would double in approximately 5.1 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2020 with a return of +33.7%, while the worst month was Mar 2020 at -30.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, EFO closed higher 48% of trading days. The best single day was Apr 9, 2025 with a return of +14.7%, while the worst single day was Mar 12, 2020 at -21.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.10% | 9.21% | -16.14% | 9.87% | 4.20% | 2.13% | 16.83% | ||||||
| 2025 | 9.95% | 4.88% | -0.15% | 5.69% | 8.28% | 5.09% | -5.37% | 8.65% | 3.42% | 2.01% | 0.44% | 5.07% | 58.51% |
| 2024 | -1.51% | 5.29% | 6.40% | -7.72% | 10.37% | -4.83% | 3.87% | 7.28% | 0.41% | -10.62% | -1.73% | -6.92% | -2.15% |
| 2023 | 17.57% | -6.67% | 4.60% | 5.26% | -8.08% | 8.57% | 3.77% | -8.94% | -7.44% | -6.40% | 16.97% | 8.94% | 25.77% |
| 2022 | -7.38% | -6.95% | 1.08% | -15.28% | 4.44% | -17.84% | 9.81% | -12.25% | -18.92% | 10.05% | 27.82% | -4.62% | -33.62% |
| 2021 | -1.37% | 4.47% | 3.55% | 5.61% | 6.75% | -1.99% | 0.90% | 3.06% | -7.21% | 7.23% | -9.67% | 8.37% | 19.38% |
Benchmark Metrics
ProShares Ultra MSCI EAFE has an annualized alpha of -7.10%, beta of 1.63, and R2 of 0.58 versus S&P 500 Index. Calculated based on daily prices since June 04, 2009.
- This ETF participated in 184.02% of S&P 500 Index downside but only 177.25% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -7.10% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 1.63 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -7.10%
- Beta
- 1.63
- R²
- 0.58
- Upside Capture
- 177.25%
- Downside Capture
- 184.02%
Expense Ratio
EFO has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
EFO ranks 41 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares Ultra MSCI EAFE (EFO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EFO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 2.78 | -0.77 |
| Martin ratioReturn relative to average drawdown | 6.88 | 12.44 | -5.56 |
Dividends
Dividend History
ProShares Ultra MSCI EAFE provided a 1.48% dividend yield over the last twelve months, with an annual payout of $1.10 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.10 | $1.06 | $0.92 | $0.83 | $0.00 | $0.00 | $0.00 | $0.16 | $0.03 |
Dividend yield | 1.48% | 1.65% | 2.24% | 1.93% | 0.00% | 0.00% | 0.00% | 0.37% | 0.11% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Ultra MSCI EAFE. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.00 | $0.18 | ||||||
| 2025 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.37 | $1.06 |
| 2024 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.28 | $0.92 |
| 2023 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.25 | $0.83 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares Ultra MSCI EAFE. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares Ultra MSCI EAFE was 63.52%, occurring on Mar 23, 2020. Recovery took 268 trading sessions.
The current ProShares Ultra MSCI EAFE drawdown is 2.23%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -63.52%Mar 2020 | 2y 1mo | 1y 23d | 3y 2moJan 2018 - Apr 2021 |
Bear market2022 | -53.95%Sep 2022 | 1y 20d | 2y 7mo | 3y 8moSep 2021 - May 2025 |
2012 bear market2012 | -49.36%Jun 2012 | 1y 1mo | 1y 3mo | 2y 4moMay 2011 - Sep 2013 |
2016 bear market2016 | -45.23%Feb 2016 | 1y 7mo | 1y 7mo | 3y 2moJul 2014 - Sep 2017 |
2010 bear market2010 | -38.22%Jun 2010 | 1mo 23d | 5mo | 6mo 23dApr 2010 - Nov 2010 |
Drawdown Indicators
| EFO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.52% | -56.78% | -6.74% |
Max Drawdown (1Y)Largest decline over 1 year | -22.18% | -9.10% | -13.08% |
Max Drawdown (3Y)Largest decline over 3 years | -26.85% | -18.90% | -7.95% |
Max Drawdown (5Y)Largest decline over 5 years | -53.95% | -25.43% | -28.52% |
Max Drawdown (10Y)Largest decline over 10 years | -63.52% | -33.92% | -29.60% |
Current DrawdownCurrent decline from peak | -2.23% | -1.80% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -18.63% | -10.71% | -7.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.48% | 2.03% | +4.45% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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