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.
Performance
EFU vs. EEV - Performance Comparison
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EFU vs. EEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EFU ProShares UltraShort MSCI EAFE | -5.85% | -41.07% | -1.04% | -25.36% | 24.26% | -24.58% | -35.54% | -32.71% | 32.32% | -36.87% |
EEV ProShares UltraShort MSCI Emerging Markets | -11.20% | -43.35% | -8.08% | -13.08% | 37.05% | -4.99% | -48.93% | -30.87% | 24.06% | -49.03% |
Returns By Period
In the year-to-date period, EFU achieves a -5.85% return, which is significantly higher than EEV's -11.20% return. Over the past 10 years, EFU has outperformed EEV with an annualized return of -19.28%, while EEV has yielded a comparatively lower -20.88% annualized return.
EFU
- 1D
- -3.09%
- 1M
- 8.38%
- YTD
- -5.85%
- 6M
- -11.25%
- 1Y
- -35.75%
- 3Y*
- -21.50%
- 5Y*
- -15.41%
- 10Y*
- -19.28%
EEV
- 1D
- -1.42%
- 1M
- 12.41%
- YTD
- -11.20%
- 6M
- -15.97%
- 1Y
- -45.43%
- 3Y*
- -24.22%
- 5Y*
- -9.85%
- 10Y*
- -20.88%
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EFU vs. EEV - Expense Ratio Comparison
Both EFU and EEV have an expense ratio of 0.95%.
Return for Risk
EFU vs. EEV — Risk / Return Rank
EFU
EEV
EFU vs. EEV - Risk-Adjusted Trends 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.
| EFU | EEV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.01 | -1.13 | +0.12 |
Sortino ratioReturn per unit of downside risk | -1.46 | -1.79 | +0.33 |
Omega ratioGain probability vs. loss probability | 0.82 | 0.78 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | -0.66 | -0.71 | +0.05 |
Martin ratioReturn relative to average drawdown | -0.89 | -0.99 | +0.10 |
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 | EEV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.01 | -1.13 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | -0.27 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.57 | -0.51 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.43 | -0.45 | +0.02 |
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.
Dividends
EFU vs. EEV - Dividend Comparison
EFU's dividend yield for the trailing twelve months is around 4.80%, less than EEV's 4.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EFU ProShares UltraShort MSCI EAFE | 4.80% | 5.57% | 3.87% | 6.41% | 1.47% | 0.00% | 0.06% | 0.95% | 0.17% |
EEV ProShares UltraShort MSCI Emerging Markets | 4.87% | 5.40% | 4.45% | 3.45% | 0.27% | 0.00% | 0.14% | 1.34% | 0.38% |
Drawdowns
EFU vs. EEV - Drawdown Comparison
The maximum EFU drawdown since its inception was -99.35%, roughly equal to the maximum EEV drawdown of -99.83%. Use the drawdown chart below to compare losses from any high point for EFU and EEV.
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Drawdown Indicators
| EFU | EEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.35% | -99.83% | +0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -54.37% | -64.05% | +9.68% |
Max Drawdown (5Y)Largest decline over 5 years | -74.95% | -73.95% | -1.00% |
Max Drawdown (10Y)Largest decline over 10 years | -90.22% | -92.81% | +2.59% |
Current DrawdownCurrent decline from peak | -99.27% | -99.80% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -87.02% | -92.94% | +5.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.37% | 46.09% | -5.72% |
Volatility
EFU vs. EEV - Volatility Comparison
The current volatility for ProShares UltraShort MSCI EAFE (EFU) is 15.09%, while ProShares UltraShort MSCI Emerging Markets (EEV) has a volatility of 19.43%. 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.
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Volatility by Period
| EFU | EEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.09% | 19.43% | -4.34% |
Volatility (6M)Calculated over the trailing 6-month period | 22.36% | 30.25% | -7.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.60% | 40.33% | -4.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.89% | 37.24% | -4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.98% | 40.74% | -6.76% |