CRCD vs. EFZ

Last updated Apr 1, 2026

Compare and contrast key facts about T-REX 2X Inverse CRCL Daily Target ETF (CRCD) and ProShares Short MSCI EAFE (EFZ).

CRCD and EFZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CRCD is an actively managed fund by T-Rex. It was launched on Sep 25, 2025. EFZ is a passively managed fund by ProShares that tracks the performance of the MSCI EAFE Index (-100%). It was launched on Oct 23, 2007.

Performance

CRCD vs. EFZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Inverse CRCL Daily Target ETF (CRCD) and ProShares Short MSCI EAFE (EFZ). The values are adjusted to include any dividend payments, if applicable.

CRCD vs. EFZ - Yearly Performance Comparison

	2026 (YTD)	2025
CRCD T-REX 2X Inverse CRCL Daily Target ETF	-80.36%	43.19%
EFZ ProShares Short MSCI EAFE	-0.56%	-4.29%

Returns By Period

In the year-to-date period, CRCD achieves a -80.36% return, which is significantly lower than EFZ's -0.56% return.

CRCD

• 1D: -13.13%
• 1M: -45.34%
• YTD: -80.36%
• 6M: -69.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EFZ

• 1D: -3.23%
• 1M: 8.61%
• YTD: -0.56%
• 6M: -4.15%
• 1Y: -16.07%
• 3Y*: -7.87%
• 5Y*: -5.38%
• 10Y*: -8.06%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CRCD vs. EFZ - Expense Ratio Comparison

CRCD has a 1.50% expense ratio, which is higher than EFZ's 0.95% expense ratio.

CRCD

T-REX 2X Inverse CRCL Daily Target ETF

EFZ

ProShares Short MSCI EAFE

Return for Risk

CRCD vs. EFZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EFZ

EFZ Risk / Return Rank: 3
EFZ Sharpe Ratio Rank: 1
EFZ Sortino Ratio Rank: 1
EFZ Omega Ratio Rank: 1
EFZ Calmar Ratio Rank: 4
EFZ Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CRCD vs. EFZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Inverse CRCL Daily Target ETF (CRCD) and ProShares Short MSCI EAFE (EFZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CRCD	EFZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.87	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.33	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	-0.33	-0.12

Correlation

The correlation between CRCD and EFZ is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CRCD vs. EFZ - Dividend Comparison

CRCD has not paid dividends to shareholders, while EFZ's dividend yield for the trailing twelve months is around 3.78%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CRCD T-REX 2X Inverse CRCL Daily Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EFZ ProShares Short MSCI EAFE	3.78%	4.55%	5.29%	4.66%	0.57%	0.00%	0.04%	1.56%	0.34%

Drawdowns

CRCD vs. EFZ - Drawdown Comparison

The maximum CRCD drawdown since its inception was -94.38%, which is greater than EFZ's maximum drawdown of -88.08%. Use the drawdown chart below to compare losses from any high point for CRCD and EFZ.

Drawdown Indicators

	CRCD	EFZ	Difference
Max Drawdown Largest peak-to-trough decline	-94.38%	-88.08%	-6.30%
Max Drawdown (1Y) Largest decline over 1 year	—	-30.95%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-43.77%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-61.88%	—
Current Drawdown Current decline from peak	-90.68%	-86.98%	-3.70%
Average Drawdown Average peak-to-trough decline	-40.91%	-66.89%	+25.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	21.44%	—

Volatility

Volatility by Period

	CRCD	EFZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	203.98%	18.50%	+185.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	203.98%	16.54%	+187.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	203.98%	17.31%	+186.67%