EFU vs. EEV
Compare and contrast key facts about ProShares UltraShort MSCI EAFE (EFU) and ProShares UltraShort MSCI Emerging Markets (EEV).
EFU and EEV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EFU is a passively managed fund by ProShares that tracks the performance of the MSCI EAFE Index (-200%). It was launched on Oct 23, 2007. EEV is a passively managed fund by ProShares that tracks the performance of the MSCI Emerging Markets Index (-200%). It was launched on Nov 1, 2007. Both EFU and EEV 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: EFU or EEV.
Key characteristics
| EFU | EEV | |
|---|---|---|
| YTD Return | -5.87% | -12.46% |
| 1Y Return | -22.25% | -22.94% |
| 3Y Return (Ann) | -4.81% | 4.17% |
| 5Y Return (Ann) | -17.55% | -15.17% |
| 10Y Return (Ann) | -16.25% | -15.08% |
| Sharpe Ratio | -0.87 | -0.72 |
| Sortino Ratio | -1.20 | -0.90 |
| Omega Ratio | 0.87 | 0.90 |
| Calmar Ratio | -0.23 | -0.23 |
| Martin Ratio | -0.95 | -1.22 |
| Ulcer Index | 23.88% | 18.89% |
| Daily Std Dev | 26.27% | 32.00% |
| Max Drawdown | -99.09% | -99.71% |
| Current Drawdown | -98.91% | -99.63% |
Correlation
The correlation between EFU and EEV is 0.79, 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
EFU vs. EEV - Performance Comparison
In the year-to-date period, EFU achieves a -5.87% return, which is significantly higher than EEV's -12.46% return. Over the past 10 years, EFU has underperformed EEV with an annualized return of -16.25%, while EEV has yielded a comparatively higher -15.08% annualized 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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EFU vs. EEV - Expense Ratio Comparison
Both EFU and EEV have an expense ratio of 0.95%.
Risk-Adjusted Performance
EFU vs. EEV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI EAFE (EFU) and ProShares UltraShort MSCI Emerging Markets (EEV). 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
EFU vs. EEV - Dividend Comparison
EFU's dividend yield for the trailing twelve months is around 2.37%, less than EEV's 4.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
EFU ProShares UltraShort MSCI EAFE | 2.37% | 4.64% | 0.05% | 0.00% | 0.03% | 0.64% | 0.09% |
EEV ProShares UltraShort MSCI Emerging Markets | 4.54% | 3.45% | 0.26% | 0.00% | 0.14% | 1.34% | 0.38% |
Drawdowns
EFU vs. EEV - Drawdown Comparison
The maximum EFU drawdown since its inception was -99.09%, roughly equal to the maximum EEV drawdown of -99.71%. Use the drawdown chart below to compare losses from any high point for EFU and EEV. For additional features, visit the drawdowns tool.
Volatility
EFU vs. EEV - Volatility Comparison
The current volatility for ProShares UltraShort MSCI EAFE (EFU) is 8.68%, while ProShares UltraShort MSCI Emerging Markets (EEV) has a volatility of 10.59%. This indicates that EFU experiences smaller price fluctuations and is considered to be less risky than EEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.