EFO vs. SQQQ
Compare and contrast key facts about ProShares Ultra MSCI EAFE (EFO) and ProShares UltraPro Short QQQ (SQQQ).
EFO and SQQQ 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. SQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-300%). It was launched on Feb 9, 2010. Both EFO and SQQQ 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
EFO vs. SQQQ - Performance Comparison
Loading graphics...
EFO vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EFO ProShares Ultra MSCI EAFE | 2.62% | 58.51% | -2.15% | 25.77% | -33.62% | 19.38% | 2.29% | 40.93% | -30.91% | 51.78% |
SQQQ ProShares UltraPro Short QQQ | 13.99% | -53.05% | -49.79% | -73.61% | 82.40% | -60.87% | -86.40% | -65.92% | -20.83% | -58.67% |
Returns By Period
In the year-to-date period, EFO achieves a 2.62% return, which is significantly lower than SQQQ's 13.99% return. Over the past 10 years, EFO has outperformed SQQQ with an annualized return of 9.88%, while SQQQ has yielded a comparatively lower -52.71% annualized return.
EFO
- 1D
- 2.70%
- 1M
- -10.01%
- YTD
- 2.62%
- 6M
- 8.73%
- 1Y
- 40.94%
- 3Y*
- 20.37%
- 5Y*
- 7.63%
- 10Y*
- 9.88%
SQQQ
- 1D
- -3.78%
- 1M
- 10.61%
- YTD
- 13.99%
- 6M
- 6.42%
- 1Y
- -56.13%
- 3Y*
- -49.39%
- 5Y*
- -42.70%
- 10Y*
- -52.71%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EFO vs. SQQQ - Expense Ratio Comparison
Both EFO and SQQQ have an expense ratio of 0.95%.
Return for Risk
EFO vs. SQQQ — Risk / Return Rank
EFO
SQQQ
EFO vs. SQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI EAFE (EFO) and ProShares UltraPro Short QQQ (SQQQ). 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 | SQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | -0.84 | +2.01 |
Sortino ratioReturn per unit of downside risk | 1.70 | -1.14 | +2.84 |
Omega ratioGain probability vs. loss probability | 1.24 | 0.84 | +0.39 |
Calmar ratioReturn relative to maximum drawdown | 1.86 | -0.76 | +2.62 |
Martin ratioReturn relative to average drawdown | 6.81 | -0.87 | +7.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| EFO | SQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | -0.84 | +2.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | -0.64 | +0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | -0.80 | +1.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | -0.85 | +1.06 |
Correlation
The correlation between EFO and SQQQ is -0.60. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
EFO vs. SQQQ - Dividend Comparison
EFO's dividend yield for the trailing twelve months is around 1.69%, less than SQQQ's 5.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EFO ProShares Ultra MSCI EAFE | 1.69% | 1.65% | 2.24% | 1.93% | 0.00% | 0.00% | 0.00% | 0.37% | 0.11% | 0.00% |
SQQQ ProShares UltraPro Short QQQ | 5.99% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Drawdowns
EFO vs. SQQQ - Drawdown Comparison
The maximum EFO drawdown since its inception was -63.52%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for EFO and SQQQ.
Loading graphics...
Drawdown Indicators
| EFO | SQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.52% | -100.00% | +36.48% |
Max Drawdown (1Y)Largest decline over 1 year | -22.18% | -75.23% | +53.05% |
Max Drawdown (5Y)Largest decline over 5 years | -53.95% | -95.36% | +41.41% |
Max Drawdown (10Y)Largest decline over 10 years | -63.52% | -99.96% | +36.44% |
Current DrawdownCurrent decline from peak | -14.12% | -100.00% | +85.88% |
Average DrawdownAverage peak-to-trough decline | -18.78% | -92.32% | +73.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.06% | 65.40% | -59.34% |
Volatility
EFO vs. SQQQ - Volatility Comparison
The current volatility for ProShares Ultra MSCI EAFE (EFO) is 14.52%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 19.98%. This indicates that EFO experiences smaller price fluctuations and is considered to be less risky than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| EFO | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.52% | 19.98% | -5.46% |
Volatility (6M)Calculated over the trailing 6-month period | 22.02% | 38.23% | -16.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.16% | 67.38% | -32.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.57% | 66.65% | -34.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.88% | 65.97% | -32.09% |