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EFU vs. SCHF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EFU vs. SCHF

Last updated Jun 4, 2026

EFU (ProShares UltraShort MSCI EAFE) and SCHF (Schwab International Equity ETF) are both exchange-traded funds - EFU is a Leveraged Equities fund tracking the MSCI EAFE Index (-200%), while SCHF is a Foreign Large Cap Equities fund tracking the FTSE Developed ex U.S. Index. Both are passively managed. Over the past 10 years, EFU returned -19.60%/yr vs 10.27%/yr for SCHF. At a correlation of -0.95, they often move in opposite directions. EFU charges 0.95%/yr vs 0.06%/yr for SCHF.

Performance

EFU vs. SCHF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort MSCI EAFE (EFU) and Schwab International Equity ETF (SCHF). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EFU achieves a -16.12% return, which is significantly lower than SCHF's 15.56% return. Over the past 10 years, EFU has underperformed SCHF with an annualized return of -19.60%, while SCHF has yielded a comparatively higher 10.27% annualized return.

EFU

1D
1.27%
1M
-7.02%
YTD
-16.12%
6M
-19.44%
1Y
-30.25%
3Y*
-23.88%
5Y*
-15.08%
10Y*
-19.60%

SCHF

1D
-0.86%
1M
5.91%
YTD
15.56%
6M
18.62%
1Y
32.67%
3Y*
19.90%
5Y*
9.84%
10Y*
10.27%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EFU vs. SCHF - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EFU
ProShares UltraShort MSCI EAFE		-16.12%-41.07%-1.04%-25.36%24.26%-24.58%-35.54%-32.71%32.32%-36.87%
SCHF
Schwab International Equity ETF		15.56%34.55%3.28%18.35%-14.80%11.40%9.48%22.26%-14.29%26.03%

Correlation

The correlation between EFU and SCHF 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

-0.97

Correlation (5Y)
Calculated over the trailing 5-year period

-0.98

Correlation (10Y)
Calculated over the trailing 10-year period

-0.94

Correlation (All Time)
Calculated using the full available price history since Nov 4, 2009

-0.95

The correlation between EFU and SCHF 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.

ProShares UltraShort MSCI EAFE

Schwab International Equity ETF

Often compared with EFU:
EFU vs. EEVEFU vs. EFOEFU vs. VIXYEFU vs. EETHEFU vs. FMAGEFU vs. IDMOEFU vs. GGLL
Often compared with SCHF:
SCHF vs. VXUSSCHF vs. VEASCHF vs. SWISXSCHF vs. SCHYSCHF vs. SCHESCHF vs. FNDFSCHF vs. SCHB

Return for Risk

EFU vs. SCHF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EFU
EFU Risk / Return Rank: 11
Overall Rank
EFU Sharpe Ratio Rank: 11
Sharpe Ratio Rank
EFU Sortino Ratio Rank: 22
Sortino Ratio Rank
EFU Omega Ratio Rank: 22
Omega Ratio Rank
EFU Calmar Ratio Rank: 11
Calmar Ratio Rank
EFU Martin Ratio Rank: 11
Martin Ratio Rank
SCHF
SCHF Risk / Return Rank: 5959
Overall Rank
SCHF Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
SCHF Sortino Ratio Rank: 6060
Sortino Ratio Rank
SCHF Omega Ratio Rank: 6060
Omega Ratio Rank
SCHF Calmar Ratio Rank: 5656
Calmar Ratio Rank
SCHF Martin Ratio Rank: 6161
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EFU vs. SCHF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI EAFE (EFU) and Schwab International Equity ETF (SCHF). 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.

EFUSCHFDifference
Sharpe ratioReturn per unit of total volatility
-0.98
2.09

-3.07

Sortino ratioReturn per unit of downside risk
-1.36
2.87

-4.23

Omega ratioGain probability vs. loss probability

0.84

1.37

-0.53

Calmar ratioReturn relative to maximum drawdown

-0.89

2.86

-3.75

Martin ratioReturn relative to average drawdown

-1.50

11.11

-12.61

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EFU vs. SCHF - Sharpe Ratio Comparison

The current EFU Sharpe Ratio is -0.98, which is lower than the SCHF Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of EFU and SCHF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EFUSCHFDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.98

2.09

-3.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.45

0.60

-1.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.57

0.60

-1.17

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.44

0.44

-0.87

Drawdowns

EFU vs. SCHF - Drawdown Comparison

The maximum EFU drawdown since its inception was -99.36%, which is greater than SCHF's maximum drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for EFU and SCHF.

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Drawdown Indicators

EFUSCHFDifference

Max Drawdown

Largest peak-to-trough decline

-99.36%

-34.87%

-64.49%

Max Drawdown (1Y)

Largest decline over 1 year

-34.19%

-11.48%

-22.71%

Max Drawdown (3Y)

Largest decline over 3 years

-64.29%

-13.41%

-50.88%

Max Drawdown (5Y)

Largest decline over 5 years

-75.42%

-29.14%

-46.28%

Max Drawdown (10Y)

Largest decline over 10 years

-90.41%

-34.87%

-55.54%

Current Drawdown

Current decline from peak

-99.35%

-0.86%

-98.49%

Average Drawdown

Average peak-to-trough decline

-87.13%

-7.38%

-79.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

20.14%

2.95%

+17.19%

Volatility

EFU vs. SCHF - Volatility Comparison

ProShares UltraShort MSCI EAFE (EFU) has a higher volatility of 10.10% compared to Schwab International Equity ETF (SCHF) at 5.66%. This indicates that EFU's price experiences larger fluctuations and is considered to be riskier than SCHF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EFUSCHFDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.10%

5.66%

+4.44%

Volatility (6M)

Calculated over the trailing 6-month period

26.06%

13.34%

+12.72%

Volatility (1Y)

Calculated over the trailing 1-year period

30.91%

15.74%

+15.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.34%

16.39%

+16.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.20%

17.18%

+17.02%

EFU vs. SCHF - Expense Ratio Comparison

EFU has a 0.95% expense ratio, which is higher than SCHF's 0.06% expense ratio.

Dividends

EFU vs. SCHF - Dividend Comparison

EFU's dividend yield for the trailing twelve months is around 5.38%, more than SCHF's 2.96% yield.

PositionTTM20252024202320222021202020192018201720162015
EFU
ProShares UltraShort MSCI EAFE		5.38%5.57%3.87%6.41%1.47%0.00%0.06%0.95%0.17%0.00%0.00%0.00%
SCHF
Schwab International Equity ETF		2.96%3.42%3.26%2.97%2.80%3.19%2.08%2.95%3.06%2.35%2.58%2.26%

Frequently Asked Questions

EFU and SCHF 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 (10.10%) compared to SCHF (5.66%). In terms of maximum drawdown, EFU dropped -99.36% vs SCHF's -34.87%.

On 10-year performance, SCHF leads with 10.27% vs -19.60% for EFU. On fees, SCHF is cheaper at 0.06% per year. On volatility, SCHF has been the lower-risk option at 5.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SCHF has performed better with a 10.27% return vs -19.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHF is cheaper with a 0.06% expense ratio, compared with 0.95% for EFU.

EFU has the higher dividend yield at 5.38%, compared with 2.96% for SCHF.

EFU is categorized as Leveraged Equities, while SCHF is Foreign Large Cap Equities. EFU tracks MSCI EAFE Index (-200%), while SCHF tracks FTSE Developed ex U.S. Index. They also come from different issuers: ProShares and Charles Schwab. Their fees differ too: 0.95% for EFU and 0.06% for SCHF.

SCHF currently has the higher Sharpe Ratio (2.09 vs -0.98), 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.

Portfolio Optimizer

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