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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EEV or EFU.
Key characteristics
| EEV | EFU | |
|---|---|---|
| YTD Return | -16.80% | -8.07% |
| 1Y Return | -25.47% | -24.62% |
| 3Y Return (Ann) | 0.96% | -4.79% |
| 5Y Return (Ann) | -15.33% | -17.34% |
| 10Y Return (Ann) | -15.61% | -16.25% |
| Sharpe Ratio | -0.80 | -0.91 |
| Sortino Ratio | -1.05 | -1.27 |
| Omega Ratio | 0.88 | 0.86 |
| Calmar Ratio | -0.25 | -0.24 |
| Martin Ratio | -1.32 | -0.98 |
| Ulcer Index | 18.93% | 24.02% |
| Daily Std Dev | 31.07% | 25.68% |
| Max Drawdown | -99.71% | -98.94% |
| Current Drawdown | -99.64% | -98.79% |
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.
Performance
EEV vs. EFU - Performance Comparison
In the year-to-date period, EEV achieves a -16.80% return, which is significantly lower than EFU's -8.07% return. Both investments have delivered pretty close results over the past 10 years, with EEV having a -15.61% annualized return and EFU not far behind at -16.25%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EEV vs. EFU - Expense Ratio Comparison
Both EEV and EFU have an expense ratio of 0.95%.
Risk-Adjusted Performance
EEV vs. EFU - Risk-Adjusted Performance 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.
Dividends
EEV vs. EFU - Dividend Comparison
EEV's dividend yield for the trailing twelve months is around 4.78%, more than EFU's 4.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
EEV ProShares UltraShort MSCI Emerging Markets | 4.78% | 3.45% | 0.26% | 0.00% | 0.14% | 1.34% | 0.38% |
EFU ProShares UltraShort MSCI EAFE | 4.20% | 6.40% | 0.09% | 0.00% | 0.06% | 0.95% | 0.17% |
Drawdowns
EEV vs. EFU - Drawdown Comparison
The maximum EEV drawdown since its inception was -99.71%, roughly equal to the maximum EFU drawdown of -98.94%. Use the drawdown chart below to compare losses from any high point for EEV and EFU. For additional features, visit the drawdowns tool.
Volatility
EEV vs. EFU - Volatility Comparison
ProShares UltraShort MSCI Emerging Markets (EEV) has a higher volatility of 7.43% compared to ProShares UltraShort MSCI EAFE (EFU) at 6.80%. 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.