PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EFAD vs. UVXY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EFAD vs. UVXY

Last updated Jun 4, 2026

EFAD (ProShares MSCI EAFE Dividend Growers ETF) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - EFAD is a Foreign Large Cap Equities fund tracking the MSCI EAFE Dividend Masters Index, while UVXY is a Volatility fund tracking the S&P 500 VIX SHORT-TERM FUTURES TR (150%). Both are passively managed. Over the past 10 years, EFAD returned 4.08%/yr vs -72.67%/yr for UVXY. At a correlation of -0.56, they often move in opposite directions. EFAD charges 0.50%/yr vs 0.95%/yr for UVXY.

Performance

EFAD vs. UVXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares MSCI EAFE Dividend Growers ETF (EFAD) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, EFAD achieves a 1.98% return, which is significantly higher than UVXY's -19.06% return. Over the past 10 years, EFAD has outperformed UVXY with an annualized return of 4.08%, while UVXY has yielded a comparatively lower -72.67% annualized return.

EFAD

1D
-0.94%
1M
1.01%
YTD
1.98%
6M
2.48%
1Y
2.83%
3Y*
6.48%
5Y*
0.93%
10Y*
4.08%

UVXY

1D
-0.24%
1M
-22.10%
YTD
-19.06%
6M
-37.37%
1Y
-72.91%
3Y*
-64.55%
5Y*
-67.90%
10Y*
-72.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EFAD vs. UVXY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EFAD
ProShares MSCI EAFE Dividend Growers ETF		1.98%15.87%-1.88%11.91%-21.34%8.41%8.75%24.66%-11.71%22.14%
UVXY
ProShares Ultra VIX Short-Term Futures ETF		-19.06%-65.32%-50.90%-87.70%-44.81%-88.33%-17.38%-84.23%60.10%-94.17%

Correlation

The correlation between EFAD and UVXY is -0.51, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.51

Correlation (3Y)
Calculated over the trailing 3-year period

-0.52

Correlation (5Y)
Calculated over the trailing 5-year period

-0.56

Correlation (10Y)
Calculated over the trailing 10-year period

-0.57

Correlation (All Time)
Calculated using the full available price history since Aug 22, 2014

-0.56

The correlation between EFAD and UVXY has been stable across timeframes, ranging from -0.57 to -0.51 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares MSCI EAFE Dividend Growers ETF

ProShares Ultra VIX Short-Term Futures ETF

Often compared with EFAD:
EFAD vs. EFAVEFAD vs. EPDPXEFAD vs. SPYEFAD vs. EFAEFAD vs. DOLEFAD vs. FSTAEFAD vs. TDV
Often compared with UVXY:
UVXY vs. UVIXUVXY vs. VXXUVXY vs. VIXYUVXY vs. SVXYUVXY vs. SQQQUVXY vs. SPYUVXY vs. SPXS

Return for Risk

EFAD vs. UVXY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EFAD
EFAD Risk / Return Rank: 1212
Overall Rank
EFAD Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
EFAD Sortino Ratio Rank: 1111
Sortino Ratio Rank
EFAD Omega Ratio Rank: 1111
Omega Ratio Rank
EFAD Calmar Ratio Rank: 1212
Calmar Ratio Rank
EFAD Martin Ratio Rank: 1313
Martin Ratio Rank
UVXY
UVXY Risk / Return Rank: 11
Overall Rank
UVXY Sharpe Ratio Rank: 22
Sharpe Ratio Rank
UVXY Sortino Ratio Rank: 11
Sortino Ratio Rank
UVXY Omega Ratio Rank: 11
Omega Ratio Rank
UVXY Calmar Ratio Rank: 11
Calmar Ratio Rank
UVXY Martin Ratio Rank: 22
Martin Ratio Rank
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.

EFAD vs. UVXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI EAFE Dividend Growers ETF (EFAD) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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.

EFADUVXYDifference
Sharpe ratioReturn per unit of total volatility
0.21
-0.87

+1.08

Sortino ratioReturn per unit of downside risk
0.39
-1.60

+1.99

Omega ratioGain probability vs. loss probability

1.05

0.82

+0.23

Calmar ratioReturn relative to maximum drawdown

0.28

-0.97

+1.25

Martin ratioReturn relative to average drawdown

0.92

-1.31

+2.23

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EFAD vs. UVXY - Sharpe Ratio Comparison

The current EFAD Sharpe Ratio is 0.21, which is higher than the UVXY Sharpe Ratio of -0.87. The chart below compares the historical Sharpe Ratios of EFAD and UVXY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

EFADUVXYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.21

-0.87

+1.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.06

-0.66

+0.72

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.26

-0.64

+0.90

Sharpe Ratio (All Time)

Calculated using the full available price history

0.18

-0.68

+0.85

Drawdowns

EFAD vs. UVXY - Drawdown Comparison

The maximum EFAD drawdown since its inception was -35.74%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for EFAD and UVXY.

Loading charts...

Drawdown Indicators

EFADUVXYDifference

Max Drawdown

Largest peak-to-trough decline

-35.74%

-100.00%

+64.26%

Max Drawdown (1Y)

Largest decline over 1 year

-10.18%

-75.22%

+65.04%

Max Drawdown (3Y)

Largest decline over 3 years

-13.35%

-95.45%

+82.10%

Max Drawdown (5Y)

Largest decline over 5 years

-35.74%

-99.68%

+63.94%

Max Drawdown (10Y)

Largest decline over 10 years

-35.74%

-100.00%

+64.26%

Current Drawdown

Current decline from peak

-3.70%

-100.00%

+96.30%

Average Drawdown

Average peak-to-trough decline

-10.32%

-98.55%

+88.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.09%

55.63%

-52.54%

Volatility

EFAD vs. UVXY - Volatility Comparison

The current volatility for ProShares MSCI EAFE Dividend Growers ETF (EFAD) is 3.94%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 11.77%. This indicates that EFAD experiences smaller price fluctuations and is considered to be less risky than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

EFADUVXYDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.94%

11.77%

-7.83%

Volatility (6M)

Calculated over the trailing 6-month period

10.67%

62.64%

-51.97%

Volatility (1Y)

Calculated over the trailing 1-year period

13.27%

84.42%

-71.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.39%

103.85%

-89.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.67%

113.82%

-98.15%

EFAD vs. UVXY - Expense Ratio Comparison

EFAD has a 0.50% expense ratio, which is lower than UVXY's 0.95% expense ratio.

Dividends

EFAD vs. UVXY - Dividend Comparison

EFAD's dividend yield for the trailing twelve months is around 2.82%, while UVXY has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
EFAD
ProShares MSCI EAFE Dividend Growers ETF		2.82%2.83%2.64%2.29%1.76%2.98%1.49%2.05%2.37%2.42%2.88%1.94%
UVXY
ProShares Ultra VIX Short-Term Futures ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

EFAD and UVXY have a correlation of -0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

UVXY has higher volatility (11.77%) compared to EFAD (3.94%). In terms of maximum drawdown, EFAD dropped -35.74% vs UVXY's -100.00%.

On 10-year performance, EFAD leads with 4.08% vs -72.67% for UVXY. On fees, EFAD is cheaper at 0.50% per year. On volatility, EFAD has been the lower-risk option at 3.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EFAD has performed better with a 4.08% return vs -72.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EFAD is cheaper with a 0.50% expense ratio, compared with 0.95% for UVXY.

EFAD has the higher dividend yield at 2.82%, compared with 0.00% for UVXY.

EFAD is categorized as Foreign Large Cap Equities, while UVXY is Volatility. EFAD tracks MSCI EAFE Dividend Masters Index, while UVXY tracks S&P 500 VIX SHORT-TERM FUTURES TR (150%). Their fees differ too: 0.50% for EFAD and 0.95% for UVXY.

EFAD currently has the higher Sharpe Ratio (0.21 vs -0.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for EFAD and UVXY

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer