EFO vs. XC
Compare and contrast key facts about ProShares Ultra MSCI EAFE (EFO) and WisdomTree Emerging Markets ex-China Fund (XC).
EFO and XC 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. XC is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Emerging Markets ex-China Index - Benchmark TR Net. It was launched on Sep 20, 2022. Both EFO and XC 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: EFO or XC.
Key characteristics
| EFO | XC | |
|---|---|---|
| YTD Return | 2.23% | 7.82% |
| 1Y Return | 21.82% | 20.07% |
| Sharpe Ratio | 0.87 | 1.27 |
| Sortino Ratio | 1.31 | 1.80 |
| Omega Ratio | 1.16 | 1.23 |
| Calmar Ratio | 0.67 | 1.69 |
| Martin Ratio | 4.33 | 5.69 |
| Ulcer Index | 5.24% | 3.40% |
| Daily Std Dev | 26.00% | 15.25% |
| Max Drawdown | -63.53% | -12.29% |
| Current Drawdown | -19.72% | -7.54% |
Correlation
The correlation between EFO and XC is 0.77, 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
EFO vs. XC - Performance Comparison
In the year-to-date period, EFO achieves a 2.23% return, which is significantly lower than XC's 7.82% return. 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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EFO vs. XC - Expense Ratio Comparison
EFO has a 0.95% expense ratio, which is higher than XC's 0.32% expense ratio.
Risk-Adjusted Performance
EFO vs. XC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI EAFE (EFO) and WisdomTree Emerging Markets ex-China Fund (XC). 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
EFO vs. XC - Dividend Comparison
EFO's dividend yield for the trailing twelve months is around 2.07%, more than XC's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
EFO ProShares Ultra MSCI EAFE | 2.07% | 1.93% | 0.00% | 0.00% | 0.00% | 0.37% | 0.11% |
XC WisdomTree Emerging Markets ex-China Fund | 1.27% | 1.42% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EFO vs. XC - Drawdown Comparison
The maximum EFO drawdown since its inception was -63.53%, which is greater than XC's maximum drawdown of -12.29%. Use the drawdown chart below to compare losses from any high point for EFO and XC. For additional features, visit the drawdowns tool.
Volatility
EFO vs. XC - Volatility Comparison
ProShares Ultra MSCI EAFE (EFO) has a higher volatility of 8.80% compared to WisdomTree Emerging Markets ex-China Fund (XC) at 3.17%. This indicates that EFO's price experiences larger fluctuations and is considered to be riskier than XC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.