EFZ vs. BITU
Compare and contrast key facts about ProShares Short MSCI EAFE (EFZ) and Proshares Ultra Bitcoin ETF (BITU).
EFZ and BITU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EFZ is a passively managed fund by ProShares that tracks the performance of the MSCI EAFE Index (-100%). It was launched on Oct 23, 2007. BITU is a passively managed fund by ProShares that tracks the performance of the Bloomberg Bitcoin Index - Benchmark TR Gross. It was launched on Apr 1, 2024. Both EFZ and BITU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EFZ vs. BITU - Performance Comparison
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EFZ vs. BITU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EFZ ProShares Short MSCI EAFE | -0.56% | -20.92% | 5.92% |
BITU Proshares Ultra Bitcoin ETF | -47.12% | -37.07% | 37.90% |
Returns By Period
In the year-to-date period, EFZ achieves a -0.56% return, which is significantly higher than BITU's -47.12% return.
EFZ
- 1D
- -3.23%
- 1M
- 8.61%
- YTD
- -0.56%
- 6M
- -4.15%
- 1Y
- -16.07%
- 3Y*
- -7.87%
- 5Y*
- -5.38%
- 10Y*
- -8.06%
BITU
- 1D
- 3.93%
- 1M
- 3.59%
- YTD
- -47.12%
- 6M
- -71.69%
- 1Y
- -52.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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EFZ vs. BITU - Expense Ratio Comparison
Both EFZ and BITU have an expense ratio of 0.95%.
Return for Risk
EFZ vs. BITU — Risk / Return Rank
EFZ
BITU
EFZ vs. BITU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short MSCI EAFE (EFZ) and Proshares Ultra Bitcoin ETF (BITU). 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.
| EFZ | BITU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.87 | -0.58 | -0.29 |
Sortino ratioReturn per unit of downside risk | -1.19 | -0.51 | -0.68 |
Omega ratioGain probability vs. loss probability | 0.85 | 0.94 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | -0.50 | -0.70 | +0.20 |
Martin ratioReturn relative to average drawdown | -0.72 | -1.35 | +0.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EFZ | BITU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.87 | -0.58 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.33 | -0.33 | 0.00 |
Correlation
The correlation between EFZ and BITU is -0.34. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
EFZ vs. BITU - Dividend Comparison
EFZ's dividend yield for the trailing twelve months is around 3.78%, less than BITU's 78.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EFZ ProShares Short MSCI EAFE | 3.78% | 4.55% | 5.29% | 4.66% | 0.57% | 0.00% | 0.04% | 1.56% | 0.34% |
BITU Proshares Ultra Bitcoin ETF | 78.57% | 50.23% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EFZ vs. BITU - Drawdown Comparison
The maximum EFZ drawdown since its inception was -88.08%, which is greater than BITU's maximum drawdown of -77.76%. Use the drawdown chart below to compare losses from any high point for EFZ and BITU.
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Drawdown Indicators
| EFZ | BITU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.08% | -77.76% | -10.32% |
Max Drawdown (1Y)Largest decline over 1 year | -30.95% | -77.76% | +46.81% |
Max Drawdown (5Y)Largest decline over 5 years | -43.77% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -61.88% | — | — |
Current DrawdownCurrent decline from peak | -86.98% | -76.35% | -10.63% |
Average DrawdownAverage peak-to-trough decline | -66.89% | -31.27% | -35.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.44% | 40.22% | -18.78% |
Volatility
EFZ vs. BITU - Volatility Comparison
The current volatility for ProShares Short MSCI EAFE (EFZ) is 8.44%, while Proshares Ultra Bitcoin ETF (BITU) has a volatility of 26.13%. This indicates that EFZ experiences smaller price fluctuations and is considered to be less risky than BITU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EFZ | BITU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.44% | 26.13% | -17.69% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 74.10% | -61.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.50% | 90.36% | -71.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.54% | 99.67% | -83.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.31% | 99.67% | -82.36% |