EFZ vs. FLYD
Compare and contrast key facts about ProShares Short MSCI EAFE (EFZ) and MicroSectors Travel -3X Inverse Leveraged ETNs (FLYD).
EFZ and FLYD 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. FLYD is a passively managed fund by REX that tracks the performance of the MerQube MicroSectors U.S. Travel Index. It was launched on Jun 22, 2022. Both EFZ and FLYD 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. FLYD - Performance Comparison
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EFZ vs. FLYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EFZ ProShares Short MSCI EAFE | -0.56% | -20.92% | 2.90% | -10.38% | -6.31% |
FLYD MicroSectors Travel -3X Inverse Leveraged ETNs | 31.58% | -60.42% | -54.13% | -75.14% | -46.23% |
Returns By Period
In the year-to-date period, EFZ achieves a -0.56% return, which is significantly lower than FLYD's 31.58% 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%
FLYD
- 1D
- -12.05%
- 1M
- 19.00%
- YTD
- 31.58%
- 6M
- 12.07%
- 1Y
- -60.68%
- 3Y*
- -51.49%
- 5Y*
- —
- 10Y*
- —
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EFZ vs. FLYD - Expense Ratio Comparison
Both EFZ and FLYD have an expense ratio of 0.95%.
Return for Risk
EFZ vs. FLYD — Risk / Return Rank
EFZ
FLYD
EFZ vs. FLYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short MSCI EAFE (EFZ) and MicroSectors Travel -3X Inverse Leveraged ETNs (FLYD). 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 | FLYD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.87 | -0.66 | -0.22 |
Sortino ratioReturn per unit of downside risk | -1.19 | -0.66 | -0.53 |
Omega ratioGain probability vs. loss probability | 0.85 | 0.91 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | -0.50 | -0.73 | +0.23 |
Martin ratioReturn relative to average drawdown | -0.72 | -0.83 | +0.12 |
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 | FLYD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.87 | -0.66 | -0.22 |
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 | -0.72 | +0.39 |
Correlation
The correlation between EFZ and FLYD is 0.61, 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.
Dividends
EFZ vs. FLYD - Dividend Comparison
EFZ's dividend yield for the trailing twelve months is around 3.78%, while FLYD has not paid dividends to shareholders.
| 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% |
FLYD MicroSectors Travel -3X Inverse Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EFZ vs. FLYD - Drawdown Comparison
The maximum EFZ drawdown since its inception was -88.08%, smaller than the maximum FLYD drawdown of -97.96%. Use the drawdown chart below to compare losses from any high point for EFZ and FLYD.
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Drawdown Indicators
| EFZ | FLYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.08% | -97.96% | +9.88% |
Max Drawdown (1Y)Largest decline over 1 year | -30.95% | -82.41% | +51.46% |
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% | -96.97% | +9.99% |
Average DrawdownAverage peak-to-trough decline | -66.89% | -82.45% | +15.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.44% | 72.38% | -50.94% |
Volatility
EFZ vs. FLYD - Volatility Comparison
The current volatility for ProShares Short MSCI EAFE (EFZ) is 8.44%, while MicroSectors Travel -3X Inverse Leveraged ETNs (FLYD) has a volatility of 27.93%. This indicates that EFZ experiences smaller price fluctuations and is considered to be less risky than FLYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EFZ | FLYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.44% | 27.93% | -19.49% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 54.96% | -42.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.50% | 92.80% | -74.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.54% | 83.50% | -66.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.31% | 83.50% | -66.19% |