EFU vs. IDEV
EFU (ProShares UltraShort MSCI EAFE) and IDEV (iShares Core MSCI International Developed Markets ETF) are both exchange-traded funds - EFU is a Leveraged Equities fund tracking the MSCI EAFE Index (-200%), while IDEV is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Investable Market Index. Both are passively managed. Over the past 5 years, EFU returned -16.11%/yr vs 9.20%/yr for IDEV. At a correlation of -0.94, they often move in opposite directions. EFU charges 0.95%/yr vs 0.05%/yr for IDEV.
Performance
EFU vs. IDEV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EFU achieves a -18.17% return, which is significantly lower than IDEV's 10.10% return.
EFU
- 1D
- -1.43%
- 1M
- -0.81%
- 6M
- -13.34%
- YTD
- -18.17%
- 1Y
- -30.27%
- 3Y*
- -22.87%
- 5Y*
- -16.11%
- 10Y*
- -19.56%
IDEV
- 1D
- 0.79%
- 1M
- 0.46%
- 6M
- 6.96%
- YTD
- 10.10%
- 1Y
- 21.99%
- 3Y*
- 16.42%
- 5Y*
- 9.20%
- 10Y*
- —
EFU vs. IDEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EFU ProShares UltraShort MSCI EAFE | -18.17% | -41.07% | -1.04% | -25.36% | 24.26% | -24.58% | -35.54% | -32.71% | 32.32% | -27.12% |
IDEV iShares Core MSCI International Developed Markets ETF | 10.10% | 32.56% | 4.54% | 17.36% | -14.99% | 13.00% | 8.32% | 23.12% | -14.10% | 17.43% |
Correlation
The correlation between EFU and IDEV is -0.97, 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 | -0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.98 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2017 | -0.94 |
The correlation between EFU and IDEV has been stable across timeframes, ranging from -0.98 to -0.94 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EFU vs. IDEV — Risk / Return Rank
EFU
IDEV
EFU vs. IDEV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI EAFE (EFU) and iShares Core MSCI International Developed Markets ETF (IDEV). 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 | IDEV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.37 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.26 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 1.97 | -2.84 |
| Martin ratioReturn relative to average drawdown | -1.40 | 7.68 | -9.07 |
Loading charts...
Drawdowns
EFU vs. IDEV - Drawdown Comparison
The maximum EFU drawdown since its inception was -99.38%, which is greater than IDEV's maximum drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for EFU and IDEV.
Loading charts...
Drawdown Indicators
| EFU | IDEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.38% | -34.77% | -64.61% |
Max Drawdown (1Y)Largest decline over 1 year | -35.10% | -11.20% | -23.90% |
Max Drawdown (3Y)Largest decline over 3 years | -65.34% | -13.41% | -51.93% |
Max Drawdown (5Y)Largest decline over 5 years | -76.14% | -29.15% | -46.99% |
Max Drawdown (10Y)Largest decline over 10 years | -89.28% | — | — |
Current DrawdownCurrent decline from peak | -99.36% | -1.11% | -98.25% |
Average DrawdownAverage peak-to-trough decline | -87.18% | -6.50% | -80.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.71% | 2.87% | +18.84% |
Volatility
EFU vs. IDEV - Volatility Comparison
ProShares UltraShort MSCI EAFE (EFU) has a higher volatility of 8.27% compared to iShares Core MSCI International Developed Markets ETF (IDEV) at 3.62%. This indicates that EFU's price experiences larger fluctuations and is considered to be riskier than IDEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EFU | IDEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.27% | 3.62% | +4.65% |
Volatility (6M)Calculated over the trailing 6-month period | 28.47% | 12.97% | +15.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.55% | 15.11% | +17.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.63% | 16.35% | +17.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.57% | 17.26% | +16.31% |
EFU vs. IDEV - Expense Ratio Comparison
EFU has a 0.95% expense ratio, which is higher than IDEV's 0.05% expense ratio.
Dividends
EFU vs. IDEV - Dividend Comparison
EFU's dividend yield for the trailing twelve months is around 5.01%, more than IDEV's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EFU ProShares UltraShort MSCI EAFE | 5.01% | 5.57% | 3.87% | 6.41% | 1.47% | 0.00% | 0.06% | 0.95% | 0.17% | 0.00% |
IDEV iShares Core MSCI International Developed Markets ETF | 3.21% | 3.40% | 3.30% | 3.07% | 2.69% | 3.05% | 2.00% | 3.18% | 3.16% | 1.54% |
Frequently Asked Questions
EFU and IDEV have a correlation of -0.97, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EFU has higher volatility (8.27%) compared to IDEV (3.62%). In terms of maximum drawdown, EFU dropped -99.38% vs IDEV's -34.77%.
On 5-year performance, IDEV leads with 9.20% vs -16.11% for EFU. On fees, IDEV is cheaper at 0.05% per year. On volatility, IDEV has been the lower-risk option at 3.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IDEV has performed better with a 9.20% return vs -16.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDEV is cheaper with a 0.05% expense ratio, compared with 0.95% for EFU.
EFU has the higher dividend yield at 5.01%, compared with 3.21% for IDEV.
EFU is categorized as Leveraged Equities, while IDEV is Foreign Large Cap Equities. EFU tracks MSCI EAFE Index (-200%), while IDEV tracks MSCI World ex USA Investable Market Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for EFU and 0.05% for IDEV.
IDEV currently has the higher Sharpe Ratio (1.46 vs -0.93), 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.
Find the right allocation for EFU and IDEV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer