EFU vs. VIXY
Compare and contrast key facts about ProShares UltraShort MSCI EAFE (EFU) and ProShares VIX Short-Term Futures ETF (VIXY).
EFU and VIXY 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. VIXY is a passively managed fund by ProFund Advisors LLC that tracks the performance of the S&P 500 VIX Short-Term Futures Index Total Return. It was launched on Jan 3, 2011. Both EFU and VIXY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EFU or VIXY.
Key characteristics
| EFU | VIXY | |
|---|---|---|
| YTD Return | -7.96% | -28.80% |
| 1Y Return | -24.60% | -46.83% |
| 3Y Return (Ann) | -5.30% | -49.75% |
| 5Y Return (Ann) | -17.57% | -48.61% |
| 10Y Return (Ann) | -16.21% | -47.92% |
| Sharpe Ratio | -0.95 | -0.58 |
| Sortino Ratio | -1.33 | -0.75 |
| Omega Ratio | 0.86 | 0.91 |
| Calmar Ratio | -0.25 | -0.45 |
| Martin Ratio | -1.01 | -1.19 |
| Ulcer Index | 24.13% | 37.57% |
| Daily Std Dev | 25.89% | 77.01% |
| Max Drawdown | -99.08% | -100.00% |
| Current Drawdown | -98.94% | -100.00% |
Correlation
The correlation between EFU and VIXY is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EFU vs. VIXY - Performance Comparison
In the year-to-date period, EFU achieves a -7.96% return, which is significantly higher than VIXY's -28.80% return. Over the past 10 years, EFU has outperformed VIXY with an annualized return of -16.21%, while VIXY has yielded a comparatively lower -47.92% annualized 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. VIXY - Expense Ratio Comparison
EFU has a 0.95% expense ratio, which is higher than VIXY's 0.85% expense ratio.
Risk-Adjusted Performance
EFU vs. VIXY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI EAFE (EFU) and ProShares VIX Short-Term Futures ETF (VIXY). 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. VIXY - Dividend Comparison
EFU's dividend yield for the trailing twelve months is around 4.19%, while VIXY has not paid dividends to shareholders.
| 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% |
VIXY ProShares VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EFU vs. VIXY - Drawdown Comparison
The maximum EFU drawdown since its inception was -99.08%, roughly equal to the maximum VIXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for EFU and VIXY. For additional features, visit the drawdowns tool.
Volatility
EFU vs. VIXY - Volatility Comparison
The current volatility for ProShares UltraShort MSCI EAFE (EFU) is 7.72%, while ProShares VIX Short-Term Futures ETF (VIXY) has a volatility of 18.36%. This indicates that EFU experiences smaller price fluctuations and is considered to be less risky than VIXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.