EFO vs. MUU
Compare and contrast key facts about ProShares Ultra MSCI EAFE (EFO) and Direxion Daily MU Bull 2X Shares (MUU).
EFO and MUU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EFO is a passively managed fund by ProShares that tracks the performance of the MSCI EAFE Index (200%). It was launched on Jun 2, 2009. MUU is an actively managed fund by Direxion. It was launched on Oct 9, 2024.
Performance
EFO vs. MUU - Performance Comparison
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EFO vs. MUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EFO ProShares Ultra MSCI EAFE | -0.08% | 58.51% | -14.23% |
MUU Direxion Daily MU Bull 2X Shares | 19.95% | 599.03% | -43.09% |
Returns By Period
In the year-to-date period, EFO achieves a -0.08% return, which is significantly lower than MUU's 19.95% return.
EFO
- 1D
- 6.60%
- 1M
- -16.14%
- YTD
- -0.08%
- 6M
- 7.57%
- 1Y
- 37.55%
- 3Y*
- 19.30%
- 5Y*
- 7.06%
- 10Y*
- 9.59%
MUU
- 1D
- 9.69%
- 1M
- -37.04%
- YTD
- 19.95%
- 6M
- 205.62%
- 1Y
- 790.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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EFO vs. MUU - Expense Ratio Comparison
EFO has a 0.95% expense ratio, which is lower than MUU's 1.06% expense ratio.
Return for Risk
EFO vs. MUU — Risk / Return Rank
EFO
MUU
EFO vs. MUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI EAFE (EFO) and Direxion Daily MU Bull 2X Shares (MUU). 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.
| EFO | MUU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 6.16 | -5.08 |
Sortino ratioReturn per unit of downside risk | 1.60 | 3.70 | -2.10 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.49 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 1.59 | 14.42 | -12.83 |
Martin ratioReturn relative to average drawdown | 5.90 | 40.98 | -35.09 |
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
| EFO | MUU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 6.16 | -5.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 1.52 | -1.30 |
Correlation
The correlation between EFO and MUU is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
EFO vs. MUU - Dividend Comparison
EFO's dividend yield for the trailing twelve months is around 1.73%, less than MUU's 4.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EFO ProShares Ultra MSCI EAFE | 1.73% | 1.65% | 2.24% | 1.93% | 0.00% | 0.00% | 0.00% | 0.37% | 0.11% |
MUU Direxion Daily MU Bull 2X Shares | 4.03% | 4.27% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EFO vs. MUU - Drawdown Comparison
The maximum EFO drawdown since its inception was -63.52%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for EFO and MUU.
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Drawdown Indicators
| EFO | MUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.52% | -75.07% | +11.55% |
Max Drawdown (1Y)Largest decline over 1 year | -22.18% | -52.72% | +30.54% |
Max Drawdown (5Y)Largest decline over 5 years | -53.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.52% | — | — |
Current DrawdownCurrent decline from peak | -16.38% | -48.14% | +31.76% |
Average DrawdownAverage peak-to-trough decline | -18.78% | -25.05% | +6.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.00% | 18.55% | -12.55% |
Volatility
EFO vs. MUU - Volatility Comparison
The current volatility for ProShares Ultra MSCI EAFE (EFO) is 15.10%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 46.74%. This indicates that EFO experiences smaller price fluctuations and is considered to be less risky than MUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EFO | MUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.10% | 46.74% | -31.64% |
Volatility (6M)Calculated over the trailing 6-month period | 21.89% | 98.12% | -76.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.11% | 129.66% | -94.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.58% | 127.08% | -94.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.87% | 127.08% | -93.21% |