EFU vs. SPOG
EFU (ProShares UltraShort MSCI EAFE) and SPOG (Leverage Shares 2X Long SPOT Daily ETF) are both Leveraged Equities funds. EFU is passively managed, while SPOG is actively managed. At a correlation of -0.07, they often move in opposite directions. EFU charges 0.95%/yr vs 0.75%/yr for SPOG.
Performance
EFU vs. SPOG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EFU achieves a -17.12% return, which is significantly higher than SPOG's -40.37% return.
EFU
- 1D
- -1.19%
- 1M
- -5.46%
- YTD
- -17.12%
- 6M
- -20.10%
- 1Y
- -30.37%
- 3Y*
- -24.51%
- 5Y*
- -15.28%
- 10Y*
- -19.70%
SPOG
- 1D
- 1.97%
- 1M
- 33.09%
- YTD
- -40.37%
- 6M
- -36.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EFU vs. SPOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EFU ProShares UltraShort MSCI EAFE | -17.12% | -6.91% |
SPOG Leverage Shares 2X Long SPOT Daily ETF | -40.37% | -19.53% |
Correlation
The correlation between EFU and SPOG is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | -0.07 |
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. SPOG — Risk / Return Rank
EFU
SPOG
EFU vs. SPOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI EAFE (EFU) and Leverage Shares 2X Long SPOT Daily ETF (SPOG). 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 | SPOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.84 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | — | — |
| Martin ratioReturn relative to average drawdown | -1.50 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EFU | SPOG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.99 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.46 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.44 | -0.72 | +0.28 |
Drawdowns
EFU vs. SPOG - Drawdown Comparison
The maximum EFU drawdown since its inception was -99.36%, which is greater than SPOG's maximum drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for EFU and SPOG.
Loading charts...
Drawdown Indicators
| EFU | SPOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.36% | -64.41% | -34.95% |
Max Drawdown (1Y)Largest decline over 1 year | -34.19% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -64.29% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -75.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -90.41% | — | — |
Current DrawdownCurrent decline from peak | -99.35% | -52.02% | -47.33% |
Average DrawdownAverage peak-to-trough decline | -87.13% | -40.51% | -46.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.24% | — | — |
Volatility
EFU vs. SPOG - Volatility Comparison
Loading charts...
Volatility by Period
| EFU | SPOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.80% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 26.08% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 30.88% | 103.50% | -72.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.33% | 103.50% | -70.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.19% | 103.50% | -69.31% |
EFU vs. SPOG - Expense Ratio Comparison
EFU has a 0.95% expense ratio, which is higher than SPOG's 0.75% expense ratio.
Dividends
EFU vs. SPOG - Dividend Comparison
EFU's dividend yield for the trailing twelve months is around 5.45%, while SPOG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EFU ProShares UltraShort MSCI EAFE | 5.45% | 5.57% | 3.87% | 6.41% | 1.47% | 0.00% | 0.06% | 0.95% | 0.17% |
SPOG Leverage Shares 2X Long SPOT Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EFU and SPOG have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPOG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPOG is cheaper with a 0.75% expense ratio, compared with 0.95% for EFU.
EFU has the higher dividend yield at 5.45%, compared with 0.00% for SPOG.
They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for EFU and 0.75% for SPOG.
Find the right allocation for EFU and SPOG
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