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 tracking the Morningstar Developed Markets ex-North America Dividend Enhanced Select Index. Both are passively managed. Over the past 10 years, EFU returned -20.39%/yr vs 11.73%/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 -15.95% return, which is significantly lower than DIVI's 10.71% return. Over the past 10 years, EFU has underperformed DIVI with an annualized return of -20.39%, while DIVI has yielded a comparatively higher 11.73% annualized return.
EFU
- 1D
- 3.98%
- 1M
- -0.13%
- YTD
- -15.95%
- 6M
- -15.28%
- 1Y
- -31.13%
- 3Y*
- -24.16%
- 5Y*
- -15.34%
- 10Y*
- -20.39%
DIVI
- 1D
- -2.01%
- 1M
- -0.05%
- YTD
- 10.71%
- 6M
- 10.37%
- 1Y
- 26.90%
- 3Y*
- 18.25%
- 5Y*
- 13.30%
- 10Y*
- 11.73%
EFU vs. DIVI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EFU ProShares UltraShort MSCI EAFE | -15.95% | -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 | 10.71% | 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 (10Y) Calculated over the trailing 10-year period | -0.84 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2016 | -0.84 |
The correlation between EFU and DIVI shifts across timeframes, from -0.96 (1 year) 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.
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 | DIVI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.73 | ||
| Sortino ratioReturn per unit of downside risk | -3.81 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.31 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 2.56 | -3.49 |
| Martin ratioReturn relative to average drawdown | -1.53 | 9.86 | -11.39 |
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Drawdowns
EFU vs. DIVI - Drawdown Comparison
The maximum EFU drawdown since its inception was -99.37%, 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 | -99.37% | -27.76% | -71.61% |
Max Drawdown (1Y)Largest decline over 1 year | -33.76% | -10.54% | -23.22% |
Max Drawdown (3Y)Largest decline over 3 years | -64.63% | -14.58% | -50.05% |
Max Drawdown (5Y)Largest decline over 5 years | -75.65% | -18.53% | -57.12% |
Max Drawdown (10Y)Largest decline over 10 years | -90.50% | -27.76% | -62.74% |
Current DrawdownCurrent decline from peak | -99.35% | -2.01% | -97.34% |
Average DrawdownAverage peak-to-trough decline | -87.14% | -3.62% | -83.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.36% | 2.73% | +17.63% |
Volatility
EFU vs. DIVI - Volatility Comparison
ProShares UltraShort MSCI EAFE (EFU) has a higher volatility of 11.55% compared to Franklin International Core Dividend Tilt Index ETF (DIVI) at 5.19%. 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 | 11.55% | 5.19% | +6.36% |
Volatility (6M)Calculated over the trailing 6-month period | 27.96% | 12.95% | +15.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.36% | 15.34% | +17.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.60% | 15.43% | +18.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.66% | 16.36% | +17.30% |
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 5.37%, more than DIVI's 2.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DIVI Franklin International Core Dividend Tilt Index ETF | 2.05% | 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 | 5.37% | 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 (11.55%) compared to DIVI (5.19%). In terms of maximum drawdown, EFU dropped -99.37% vs DIVI's -27.76%.
On 10-year performance, DIVI leads with 11.73% vs -20.39% for EFU. On fees, DIVI is cheaper at 0.09% per year. On volatility, DIVI has been the lower-risk option at 5.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DIVI has performed better with a 11.73% return vs -20.39%. 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 5.37%, compared with 2.05% for DIVI.
EFU is categorized as Leveraged Equities, while DIVI is Foreign Large Cap Equities. EFU tracks MSCI EAFE Index (-200%), while DIVI tracks Morningstar Developed Markets ex-North America Dividend Enhanced Select Index. 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 (1.76 vs -0.97), 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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