ProShares UltraShort MSCI EAFE (EFU)

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The chart shows the growth of an initial investment of $10,000 in ProShares UltraShort MSCI EAFE, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

ProShares UltraShort MSCI EAFE (EFU) has returned -2.85% so far this year and -33.79% over the past 12 months. Over the last ten years, EFU has returned -19.03% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Oct 25, 2007, EFU's average daily return is -0.04%, while the average monthly return is -1.23%.

Historically, 40% of months were positive and 60% were negative. The best month was Jan 2009 with a return of +27.4%, while the worst month was Nov 2020 at -24.7%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 14 months.

On a daily basis, EFU closed higher 45% of trading days. The best single day was Sep 29, 2008 with a return of +22.3%, while the worst single day was Oct 13, 2008 at -32.5%.

ProShares UltraShort MSCI EAFE has an annualized alpha of 8.01%, beta of -1.88, and R² of 0.75 versus S&P 500 Index. Calculated based on daily prices since October 26, 2007.

• This ETF tended to rise when S&P 500 Index fell (downside capture of -328.10%), but participation in market rallies was also limited (-111.41%) — a profile typical of counter-cyclical assets.
• This ETF generated an annualized alpha of 8.01% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• Beta of -1.88 indicates this ETF moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

EFU has a high expense ratio of 0.95%, indicating above-average management fees.

EFU ranks 2 for risk / return — in the bottom 2% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for ProShares UltraShort MSCI EAFE (EFU) and compare them to a chosen benchmark (S&P 500 Index).

ProShares UltraShort MSCI EAFE provided a 4.65% dividend yield over the last twelve months, with an annual payout of $0.41 per share.

The table displays the monthly dividend distributions for ProShares UltraShort MSCI EAFE. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the ProShares UltraShort 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 UltraShort MSCI EAFE was 99.35%, occurring on Feb 26, 2026. The portfolio has not yet recovered.

The current ProShares UltraShort MSCI EAFE drawdown is 99.24%.

The chart below shows the rolling one-month volatility.