ProShares Ultra MSCI EAFE (EFO) belongs to the Leveraged Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with EFO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to EFO
EFO charges 0.95% annually. There are 100 ETFs in the Leveraged Equities category with lower expense ratios, going as low as 0.35%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Efficient U.S. Plus International Equit... | 0.35% | 44.22M | Mar 2026 | EFO vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 49.31M | Sep 2021 | EFO vs IFED | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.60% | 257.66M | May 2014 | EFO vs SPUU | |
| Leverage Shares 2x Long NEM Daily ETF | 0.75% | 1.12M | Nov 2025 | EFO vs NEMG | |
| Leverage Shares 2X Long CIFR Daily ETF | 0.75% | 5.12M | Dec 2025 | EFO vs CIFG |
Best Risk-Adjusted Alternatives to EFO
EFO has a PortfoliosLab risk / return rank of 36. There are 78 ETFs in the Leveraged Equities category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 99 | 6.16B | Oct 2024 | EFO vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 98 | 923.53M | Nov 2024 | EFO vs MULL | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.82M | Apr 2021 | EFO vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 97 | 20.50M | Apr 2021 | EFO vs QTAP | |
| GraniteShares 2x Long INTC Daily ETF | 96 | 509.42M | Feb 2025 | EFO vs INTW |
Top Performing EFO Alternatives (YTD)
EFO is at 13.39% YTD. There are 122 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 738.32%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long DELL Daily ETF | 738.32% | 162.40M | Feb 2025 | EFO vs DLLL | |
| Direxion Daily MU Bull 2X Shares | 575.80% | 6.16B | Oct 2024 | EFO vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 555.59% | 923.53M | Nov 2024 | EFO vs MULL | |
| Direxion Daily INTC Bull 2X Shares | 395.01% | 101.49M | Nov 2025 | EFO vs LINT | |
| GraniteShares 2x Long INTC Daily ETF | 394.65% | 509.42M | Feb 2025 | EFO vs INTW |
Lowest Volatility Alternatives to EFO
EFO has 31.79% 1-year volatility. There are 44 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.77%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.77% | 22.82M | Apr 2021 | EFO vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 6.21% | 20.50M | Apr 2021 | EFO vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.40% | 13.45M | Jul 2021 | EFO vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 10.50% | 20.95M | Jul 2021 | EFO vs QTJL | |
| Innovator US Equity Accelerated ETF | 10.55% | 69.49M | Apr 2021 | EFO vs XDSQ |
Lowest Drawdown Alternatives to EFO
EFO has a 1-year max drawdown of -22.18%. There are 32 ETFs in the Leveraged Equities category with shallower 1-year drawdowns, going as shallow as -1.72%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -1.72% | 22.82M | Apr 2021 | EFO vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -2.49% | 20.50M | Apr 2021 | EFO vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.45M | Jul 2021 | EFO vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 20.95M | Jul 2021 | EFO vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 69.49M | Apr 2021 | EFO vs XDSQ |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, QLD, BITO and span 10 categories. AUM among these funds goes as high as $37B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 48 | 38.33% | 37.04B | Feb 2010 | EFO vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 50 | 28.12% | 14.15B | Jun 2006 | EFO vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 1 | -30.09% | 1.45B | Oct 2021 | EFO vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 52 | 23.85% | 5.47B | Jun 2009 | EFO vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 54 | 17.32% | 8.13B | Jun 2006 | EFO vs SSO | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 70 | 70.32% | 2.97B | Jan 2007 | EFO vs USD | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 37 | 10.60% | 11.63B | Oct 2013 | EFO vs NOBL | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -40.27% | 2.09B | Feb 2010 | EFO vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 54 | 13.67% | 410.75M | Mar 2024 | EFO vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 2 | -32.31% | 216.19M | Oct 2011 | EFO vs UVXY |
Often Compared With EFO
Investors most often compare EFO with EFA, EET, EFU. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare EFO with Any Fund or Stock
Compare EFO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair EFO with funds that move differently
ProShares Ultra MSCI EAFE alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EFO.
Explore EFO Diversifiers