EFU vs. DIVI
EFU (ProShares UltraShort MSCI EAFE) and DIVI (Franklin International Core Dividend Tilt Index ETF) are both exchange-traded funds - EFU is a Leveraged Equities fund tracking the MSCI EAFE Index (-200%), while DIVI is a Foreign Large Cap Equities fund actively managed by Franklin Templeton. EFU is passively managed, while DIVI is actively managed. Over the past 5 years, EFU returned -15.08%/yr vs 13.44%/yr for DIVI. At a correlation of -0.84, they often move in opposite directions. EFU charges 0.95%/yr vs 0.09%/yr for DIVI.
Performance
EFU vs. DIVI - Performance Comparison
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Returns By Period
In the year-to-date period, EFU achieves a -16.12% return, which is significantly lower than DIVI's 10.89% return.
EFU
- 1D
- 1.27%
- 1M
- -7.02%
- YTD
- -16.12%
- 6M
- -19.44%
- 1Y
- -30.25%
- 3Y*
- -23.88%
- 5Y*
- -15.08%
- 10Y*
- -19.60%
DIVI
- 1D
- -0.76%
- 1M
- 3.56%
- YTD
- 10.89%
- 6M
- 13.56%
- 1Y
- 26.77%
- 3Y*
- 18.22%
- 5Y*
- 13.44%
- 10Y*
- —
EFU vs. DIVI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EFU ProShares UltraShort MSCI EAFE | -16.12% | -41.07% | -1.04% | -25.36% | 24.26% | -24.58% | -35.54% | -32.71% | 32.32% | -36.87% |
DIVI Franklin International Core Dividend Tilt Index ETF | 10.89% | 34.86% | 1.77% | 18.97% | -1.21% | 16.95% | 1.29% | 22.98% | -6.73% | 13.65% |
Correlation
The correlation between EFU and DIVI is -0.96, 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 | -0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.95 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2016 | -0.84 |
The correlation between EFU and DIVI shifts across timeframes, from -0.96 (3 years) to -0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EFU vs. DIVI — Risk / Return Rank
EFU
DIVI
EFU vs. DIVI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI EAFE (EFU) and Franklin International Core Dividend Tilt Index ETF (DIVI). 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.
| EFU | DIVI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.80 | ||
| Sortino ratioReturn per unit of downside risk | -3.90 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.32 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 2.55 | -3.44 |
| Martin ratioReturn relative to average drawdown | -1.50 | 9.83 | -11.33 |
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
| EFU | DIVI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.98 | 1.82 | -2.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | 0.88 | -1.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.44 | 0.67 | -1.11 |
Drawdowns
EFU vs. DIVI - Drawdown Comparison
The maximum EFU drawdown since its inception was -99.36%, which is greater than DIVI's maximum drawdown of -27.76%. Use the drawdown chart below to compare losses from any high point for EFU and DIVI.
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Drawdown Indicators
| EFU | DIVI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.36% | -27.76% | -71.60% |
Max Drawdown (1Y)Largest decline over 1 year | -34.19% | -10.54% | -23.65% |
Max Drawdown (3Y)Largest decline over 3 years | -64.29% | -14.58% | -49.71% |
Max Drawdown (5Y)Largest decline over 5 years | -75.42% | -18.53% | -56.89% |
Max Drawdown (10Y)Largest decline over 10 years | -90.41% | -27.76% | -62.65% |
Current DrawdownCurrent decline from peak | -99.35% | -1.01% | -98.34% |
Average DrawdownAverage peak-to-trough decline | -87.13% | -3.63% | -83.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.14% | 2.73% | +17.41% |
Volatility
EFU vs. DIVI - Volatility Comparison
ProShares UltraShort MSCI EAFE (EFU) has a higher volatility of 10.10% compared to Franklin International Core Dividend Tilt Index ETF (DIVI) at 5.11%. This indicates that EFU's price experiences larger fluctuations and is considered to be riskier than DIVI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EFU | DIVI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.10% | 5.11% | +4.99% |
Volatility (6M)Calculated over the trailing 6-month period | 26.06% | 12.18% | +13.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.91% | 14.84% | +16.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.34% | 15.30% | +18.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.20% | 16.46% | +17.74% |
EFU vs. DIVI - Expense Ratio Comparison
EFU has a 0.95% expense ratio, which is higher than DIVI's 0.09% expense ratio.
Dividends
EFU vs. DIVI - Dividend Comparison
EFU's dividend yield for the trailing twelve months is around 5.38%, more than DIVI's 3.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DIVI Franklin International Core Dividend Tilt Index ETF | 3.53% | 3.76% | 4.39% | 3.17% | 6.03% | 2.77% | 8.04% | 1.61% | 5.67% | 5.22% | 11.56% |
EFU ProShares UltraShort MSCI EAFE | 5.38% | 5.57% | 3.87% | 6.41% | 1.47% | 0.00% | 0.06% | 0.95% | 0.17% | 0.00% | 0.00% |
Frequently Asked Questions
EFU and DIVI have a correlation of -0.96, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EFU has higher volatility (10.10%) compared to DIVI (5.11%). In terms of maximum drawdown, EFU dropped -99.36% vs DIVI's -27.76%.
On 5-year performance, DIVI leads with 13.44% vs -15.08% for EFU. On fees, DIVI is cheaper at 0.09% per year. On volatility, DIVI has been the lower-risk option at 5.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DIVI has performed better with a 13.44% return vs -15.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVI is cheaper with a 0.09% expense ratio, compared with 0.95% for EFU.
EFU has the higher dividend yield at 5.38%, compared with 3.53% for DIVI.
EFU is categorized as Leveraged Equities, while DIVI is Foreign Large Cap Equities. They also come from different issuers: ProShares and Franklin Templeton. Their fees differ too: 0.95% for EFU and 0.09% for DIVI.
DIVI currently has the higher Sharpe Ratio (1.81 vs -0.98), 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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