EFU vs. FMAG
Compare and contrast key facts about ProShares UltraShort MSCI EAFE (EFU) and Fidelity Magellan ETF (FMAG).
EFU and FMAG 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. FMAG is an actively managed fund by Fidelity. It was launched on Feb 2, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EFU or FMAG.
Key characteristics
| EFU | FMAG | |
|---|---|---|
| YTD Return | -7.96% | 33.50% |
| 1Y Return | -24.60% | 45.63% |
| 3Y Return (Ann) | -5.30% | 8.73% |
| Sharpe Ratio | -0.95 | 2.87 |
| Sortino Ratio | -1.33 | 3.79 |
| Omega Ratio | 0.86 | 1.53 |
| Calmar Ratio | -0.25 | 3.39 |
| Martin Ratio | -1.01 | 18.38 |
| Ulcer Index | 24.13% | 2.46% |
| Daily Std Dev | 25.89% | 15.74% |
| Max Drawdown | -99.08% | -32.93% |
| Current Drawdown | -98.94% | 0.00% |
Correlation
The correlation between EFU and FMAG is -0.72. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
EFU vs. FMAG - Performance Comparison
In the year-to-date period, EFU achieves a -7.96% return, which is significantly lower than FMAG's 33.50% 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. FMAG - Expense Ratio Comparison
EFU has a 0.95% expense ratio, which is higher than FMAG's 0.59% expense ratio.
Risk-Adjusted Performance
EFU vs. FMAG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI EAFE (EFU) and Fidelity Magellan ETF (FMAG). 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. FMAG - Dividend Comparison
EFU's dividend yield for the trailing twelve months is around 4.19%, more than FMAG's 0.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
EFU ProShares UltraShort MSCI EAFE | 4.19% | 4.39% | 0.09% | 0.00% | 0.03% | 0.69% | 0.16% |
FMAG Fidelity Magellan ETF | 0.19% | 0.34% | 0.23% | 0.03% | 0.00% | 0.00% | 0.00% |
Drawdowns
EFU vs. FMAG - Drawdown Comparison
The maximum EFU drawdown since its inception was -99.08%, which is greater than FMAG's maximum drawdown of -32.93%. Use the drawdown chart below to compare losses from any high point for EFU and FMAG. For additional features, visit the drawdowns tool.
Volatility
EFU vs. FMAG - Volatility Comparison
ProShares UltraShort MSCI EAFE (EFU) has a higher volatility of 7.72% compared to Fidelity Magellan ETF (FMAG) at 4.74%. This indicates that EFU's price experiences larger fluctuations and is considered to be riskier than FMAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.