EEV vs. EFU
Compare and contrast key facts about ProShares UltraShort MSCI Emerging Markets (EEV) and ProShares UltraShort MSCI EAFE (EFU).
EEV and EFU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EEV is a passively managed fund by ProShares that tracks the performance of the MSCI Emerging Markets Index (-200%). It was launched on Nov 1, 2007. EFU is a passively managed fund by ProShares that tracks the performance of the MSCI EAFE Index (-200%). It was launched on Oct 23, 2007. Both EEV and EFU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EEV vs. EFU - Performance Comparison
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EEV vs. EFU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EEV ProShares UltraShort MSCI Emerging Markets | -11.20% | -43.35% | -8.08% | -13.08% | 37.05% | -4.99% | -48.93% | -30.87% | 24.06% | -49.03% |
EFU ProShares UltraShort MSCI EAFE | -5.85% | -41.07% | -1.04% | -25.36% | 24.26% | -24.58% | -35.54% | -32.71% | 32.32% | -36.87% |
Returns By Period
In the year-to-date period, EEV achieves a -11.20% return, which is significantly lower than EFU's -5.85% return. Over the past 10 years, EEV has underperformed EFU with an annualized return of -20.88%, while EFU has yielded a comparatively higher -19.28% annualized return.
EEV
- 1D
- -1.42%
- 1M
- 12.41%
- YTD
- -11.20%
- 6M
- -15.97%
- 1Y
- -45.43%
- 3Y*
- -24.22%
- 5Y*
- -9.85%
- 10Y*
- -20.88%
EFU
- 1D
- -3.09%
- 1M
- 8.38%
- YTD
- -5.85%
- 6M
- -11.25%
- 1Y
- -35.75%
- 3Y*
- -21.50%
- 5Y*
- -15.41%
- 10Y*
- -19.28%
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EEV vs. EFU - Expense Ratio Comparison
Both EEV and EFU have an expense ratio of 0.95%.
Return for Risk
EEV vs. EFU — Risk / Return Rank
EEV
EFU
EEV vs. EFU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI Emerging Markets (EEV) and ProShares UltraShort MSCI EAFE (EFU). 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.
| EEV | EFU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.13 | -1.01 | -0.12 |
Sortino ratioReturn per unit of downside risk | -1.79 | -1.46 | -0.33 |
Omega ratioGain probability vs. loss probability | 0.78 | 0.82 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | -0.71 | -0.66 | -0.05 |
Martin ratioReturn relative to average drawdown | -0.99 | -0.89 | -0.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EEV | EFU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.13 | -1.01 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | -0.47 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.51 | -0.57 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.45 | -0.43 | -0.02 |
Correlation
The correlation between EEV and EFU is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EEV vs. EFU - Dividend Comparison
EEV's dividend yield for the trailing twelve months is around 4.87%, more than EFU's 4.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EEV ProShares UltraShort MSCI Emerging Markets | 4.87% | 5.40% | 4.45% | 3.45% | 0.27% | 0.00% | 0.14% | 1.34% | 0.38% |
EFU ProShares UltraShort MSCI EAFE | 4.80% | 5.57% | 3.87% | 6.41% | 1.47% | 0.00% | 0.06% | 0.95% | 0.17% |
Drawdowns
EEV vs. EFU - Drawdown Comparison
The maximum EEV drawdown since its inception was -99.83%, roughly equal to the maximum EFU drawdown of -99.35%. Use the drawdown chart below to compare losses from any high point for EEV and EFU.
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Drawdown Indicators
| EEV | EFU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.83% | -99.35% | -0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -64.05% | -54.37% | -9.68% |
Max Drawdown (5Y)Largest decline over 5 years | -73.95% | -74.95% | +1.00% |
Max Drawdown (10Y)Largest decline over 10 years | -92.81% | -90.22% | -2.59% |
Current DrawdownCurrent decline from peak | -99.80% | -99.27% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -92.94% | -87.02% | -5.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.09% | 40.37% | +5.72% |
Volatility
EEV vs. EFU - Volatility Comparison
ProShares UltraShort MSCI Emerging Markets (EEV) has a higher volatility of 19.43% compared to ProShares UltraShort MSCI EAFE (EFU) at 15.09%. This indicates that EEV's price experiences larger fluctuations and is considered to be riskier than EFU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EEV | EFU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.43% | 15.09% | +4.34% |
Volatility (6M)Calculated over the trailing 6-month period | 30.25% | 22.36% | +7.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.33% | 35.60% | +4.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.24% | 32.89% | +4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.74% | 33.98% | +6.76% |