EFZ vs. BBIN
EFZ (ProShares Short MSCI EAFE) and BBIN (JPMorgan BetaBuilders International Equity ETF) are both exchange-traded funds - EFZ is a Inverse Equities fund tracking the MSCI EAFE Index (-100%), while BBIN is a Foreign Large Cap Equities fund tracking the Morningstar Developed Markets ex-North America Target Market Exposure Index. Both are passively managed. Over the past 5 years, EFZ returned -6.08%/yr vs 9.39%/yr for BBIN. Their -0.98 correlation means they have often moved in opposite directions in the past. EFZ charges 0.95%/yr vs 0.07%/yr for BBIN.
Performance
EFZ vs. BBIN - Performance Comparison
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Returns By Period
In the year-to-date period, EFZ achieves a -9.46% return, which is significantly lower than BBIN's 11.39% return.
EFZ
- 1D
- -0.25%
- 1M
- -1.24%
- 6M
- -5.50%
- YTD
- -9.46%
- 1Y
- -17.52%
- 3Y*
- -9.95%
- 5Y*
- -6.08%
- 10Y*
- -8.43%
- ALL TIME*
- -7.52%
BBIN
- 1D
- -0.68%
- 1M
- 0.85%
- 6M
- 5.76%
- YTD
- 11.39%
- 1Y
- 25.01%
- 3Y*
- 16.43%
- 5Y*
- 9.39%
- 10Y*
- —
- ALL TIME*
- 10.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $22.59M | $13.95M | $10.80M | |
| $154.74K | $246.78K | $380.96K |
EFZ vs. BBIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EFZ ProShares Short MSCI EAFE | -9.46% | -20.92% | 2.90% | -10.38% | 13.15% | -12.75% | -16.02% | -2.75% |
BBIN JPMorgan BetaBuilders International Equity ETF | 11.39% | 31.86% | 3.65% | 18.54% | -14.29% | 11.74% | 7.91% | 3.13% |
Correlation
The correlation between EFZ and BBIN is -0.93, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.93 |
Correlation (3Y) Balances recent behavior with more history. | -0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.97 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2019 | -0.98 |
The correlation between EFZ and BBIN has been stable across timeframes, ranging from -0.98 to -0.93 - a consistent structural relationship.
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Return for Risk
EFZ vs. BBIN — Risk / Return Rank
EFZ
BBIN
EFZ vs. BBIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short MSCI EAFE (EFZ) and JPMorgan BetaBuilders International Equity ETF (BBIN). 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.
| EFZ | BBIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.60 | ||
| Sortino ratioReturn per unit of downside risk | -3.69 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.27 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 2.14 | -3.14 |
| Martin ratioReturn relative to average drawdown | -1.55 | 8.00 | -9.55 |
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Drawdowns
EFZ vs. BBIN - Drawdown Comparison
The maximum EFZ drawdown since its inception was -88.15%, which is greater than BBIN's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for EFZ and BBIN.
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Drawdown Indicators
| EFZ | BBIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.15% | -33.37% | -54.78% |
Max Drawdown (1Y)Largest decline over 1 year | -17.58% | -11.57% | -6.01% |
Max Drawdown (3Y)Largest decline over 3 years | -35.82% | -13.98% | -21.84% |
Max Drawdown (5Y)Largest decline over 5 years | -44.12% | -29.24% | -14.88% |
Max Drawdown (10Y)Largest decline over 10 years | -61.58% | — | — |
Current DrawdownCurrent decline from peak | -88.14% | -0.68% | -87.46% |
Average DrawdownAverage peak-to-trough decline | -67.25% | -6.18% | -61.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.35% | 3.09% | +8.26% |
Volatility
EFZ vs. BBIN - Volatility Comparison
The current volatility for ProShares Short MSCI EAFE (EFZ) is 4.14%, while JPMorgan BetaBuilders International Equity ETF (BBIN) has a volatility of 4.76%. This indicates that EFZ experiences smaller price fluctuations and is considered to be less risky than BBIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EFZ | BBIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 4.76% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 14.10% | 13.88% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.71% | 16.06% | +0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 16.70% | +0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.11% | 19.08% | -1.97% |
EFZ vs. BBIN - Expense Ratio Comparison
EFZ has a 0.95% expense ratio, which is higher than BBIN's 0.07% expense ratio.
Dividends
EFZ vs. BBIN - Dividend Comparison
EFZ's dividend yield for the trailing twelve months is around 4.04%, more than BBIN's 3.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BBIN JPMorgan BetaBuilders International Equity ETF | 3.62% | 3.87% | 3.41% | 3.20% | 2.83% | 3.54% | 1.07% | 0.09% | 0.00% |
EFZ ProShares Short MSCI EAFE | 4.04% | 4.55% | 5.29% | 4.66% | 0.57% | 0.00% | 0.04% | 1.56% | 0.34% |
Frequently Asked Questions
EFZ and BBIN have a correlation of -0.93, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBIN has higher volatility (4.76%) compared to EFZ (4.14%). In terms of maximum drawdown, EFZ dropped -88.15% vs BBIN's -33.37%.
On 5-year performance, BBIN leads with 9.39% vs -6.08% for EFZ. On fees, BBIN is cheaper at 0.07% per year. On volatility, EFZ has been the lower-risk option at 4.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BBIN has performed better with a 9.39% return vs -6.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBIN is cheaper with a 0.07% expense ratio, compared with 0.95% for EFZ.
EFZ has the higher dividend yield at 4.04%, compared with 3.62% for BBIN.
EFZ is categorized as Inverse Equities, while BBIN is Foreign Large Cap Equities. EFZ tracks MSCI EAFE Index (-100%), while BBIN tracks Morningstar Developed Markets ex-North America Target Market Exposure Index. They also come from different issuers: ProShares and JPMorgan. Their fees differ too: 0.95% for EFZ and 0.07% for BBIN.
BBIN currently has the higher Sharpe Ratio (1.54 vs -1.06), 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.
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