EFU vs. DIG
EFU (ProShares UltraShort MSCI EAFE) and DIG (ProShares Ultra Energy) are both Leveraged Equities funds from ProShares - EFU tracks the MSCI EAFE Index (-200%) while DIG tracks the S&P Energy Select Sector Index (200% Daily). Both are passively managed. Over the past 10 years, EFU returned -19.65%/yr vs 5.18%/yr for DIG. Their -0.57 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.
Performance
EFU vs. DIG - Performance Comparison
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Returns By Period
In the year-to-date period, EFU achieves a -21.36% return, which is significantly lower than DIG's 66.37% return. Over the past 10 years, EFU has underperformed DIG with an annualized return of -19.65%, while DIG has yielded a comparatively higher 5.18% annualized return.
EFU
- 1D
- -0.66%
- 1M
- -3.30%
- 6M
- -12.53%
- YTD
- -21.36%
- 1Y
- -35.56%
- 3Y*
- -25.18%
- 5Y*
- -16.16%
- 10Y*
- -19.65%
- ALL TIME*
- -19.09%
DIG
- 1D
- -2.58%
- 1M
- 20.98%
- 6M
- 33.99%
- YTD
- 66.37%
- 1Y
- 81.22%
- 3Y*
- 16.66%
- 5Y*
- 35.08%
- 10Y*
- 5.18%
- ALL TIME*
- -0.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.23M | $2.48M | $2.42M | |
| $26.57K | $37.75K | $56.26K |
EFU vs. DIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EFU ProShares UltraShort MSCI EAFE | -21.36% | -41.07% | -1.04% | -25.36% | 24.26% | -24.58% | -35.54% | -32.71% | 32.32% | -36.87% |
DIG ProShares Ultra Energy | 66.37% | 2.73% | 0.93% | -13.04% | 125.34% | 115.63% | -70.36% | 12.51% | -40.11% | -7.39% |
Correlation
The correlation between EFU and DIG is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | -0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.27 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2007 | -0.57 |
The correlation between EFU and DIG shifts across timeframes, from -0.57 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EFU vs. DIG — Risk / Return Rank
EFU
DIG
EFU vs. DIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI EAFE (EFU) and ProShares Ultra Energy (DIG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EFU | DIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.04 | ||
| Sortino ratioReturn per unit of downside risk | -3.96 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.29 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -1.04 | 2.74 | -3.78 |
| Martin ratioReturn relative to average drawdown | -1.67 | 6.98 | -8.64 |
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Drawdowns
EFU vs. DIG - Drawdown Comparison
The maximum EFU drawdown since its inception was -99.39%, roughly equal to the maximum DIG drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for EFU and DIG.
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Drawdown Indicators
| EFU | DIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.39% | -97.04% | -2.35% |
Max Drawdown (1Y)Largest decline over 1 year | -34.17% | -29.80% | -4.37% |
Max Drawdown (3Y)Largest decline over 3 years | -65.69% | -42.41% | -23.28% |
Max Drawdown (5Y)Largest decline over 5 years | -76.39% | -46.02% | -30.37% |
Max Drawdown (10Y)Largest decline over 10 years | -89.39% | -92.53% | +3.14% |
Current DrawdownCurrent decline from peak | -99.39% | -51.26% | -48.13% |
Average DrawdownAverage peak-to-trough decline | -87.22% | -64.27% | -22.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.06% | 11.68% | +11.38% |
Volatility
EFU vs. DIG - Volatility Comparison
The current volatility for ProShares UltraShort MSCI EAFE (EFU) is 9.16%, while ProShares Ultra Energy (DIG) has a volatility of 12.58%. This indicates that EFU experiences smaller price fluctuations and is considered to be less risky than DIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EFU | DIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.16% | 12.58% | -3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 28.75% | 33.67% | -4.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.55% | 42.13% | -9.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.67% | 51.16% | -17.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.62% | 57.79% | -24.17% |
EFU vs. DIG - Expense Ratio Comparison
Both EFU and DIG have an expense ratio of 0.95%.
Dividends
EFU vs. DIG - Dividend Comparison
EFU's dividend yield for the trailing twelve months is around 5.21%, more than DIG's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIG ProShares Ultra Energy | 1.49% | 2.62% | 3.13% | 0.61% | 1.33% | 2.24% | 3.18% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% |
EFU ProShares UltraShort MSCI EAFE | 5.21% | 5.57% | 3.87% | 6.41% | 1.47% | 0.00% | 0.06% | 0.95% | 0.17% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EFU and DIG have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIG has higher volatility (12.58%) compared to EFU (9.16%). In terms of maximum drawdown, EFU dropped -99.39% vs DIG's -97.04%.
On 10-year performance, DIG leads with 5.18% vs -19.65% for EFU. Both ETFs have the same 0.95% expense ratio. On volatility, EFU has been the lower-risk option at 9.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DIG has performed better with a 5.18% return vs -19.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EFU and DIG have the same expense ratio: 0.95% per year.
EFU has the higher dividend yield at 5.21%, compared with 1.49% for DIG.
EFU tracks MSCI EAFE Index (-200%), while DIG tracks S&P Energy Select Sector Index (200% Daily).
DIG currently has the higher Sharpe Ratio (1.94 vs -1.10), 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.
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