EFZ vs. FSKAX
Compare and contrast key facts about ProShares Short MSCI EAFE (EFZ) and Fidelity Total Market Index Fund (FSKAX).
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. FSKAX is managed by Fidelity.
Performance
EFZ vs. FSKAX - Performance Comparison
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EFZ vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EFZ ProShares Short MSCI EAFE | -0.56% | -20.92% | 2.90% | -10.38% | 13.15% | -12.75% | -16.02% | -16.56% | 16.26% | -20.18% |
FSKAX Fidelity Total Market Index Fund | -6.77% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
Returns By Period
In the year-to-date period, EFZ achieves a -0.56% return, which is significantly higher than FSKAX's -6.77% return. Over the past 10 years, EFZ has underperformed FSKAX with an annualized return of -8.06%, while FSKAX has yielded a comparatively higher 13.23% annualized 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%
FSKAX
- 1D
- -0.47%
- 1M
- -7.69%
- YTD
- -6.77%
- 6M
- -4.56%
- 1Y
- 14.73%
- 3Y*
- 16.72%
- 5Y*
- 10.13%
- 10Y*
- 13.23%
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EFZ vs. FSKAX - Expense Ratio Comparison
EFZ has a 0.95% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Return for Risk
EFZ vs. FSKAX — Risk / Return Rank
EFZ
FSKAX
EFZ vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short MSCI EAFE (EFZ) and Fidelity Total Market Index Fund (FSKAX). 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 | FSKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.87 | 0.83 | -1.70 |
Sortino ratioReturn per unit of downside risk | -1.19 | 1.29 | -2.48 |
Omega ratioGain probability vs. loss probability | 0.85 | 1.19 | -0.34 |
Calmar ratioReturn relative to maximum drawdown | -0.50 | 1.04 | -1.54 |
Martin ratioReturn relative to average drawdown | -0.72 | 5.05 | -5.76 |
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 | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.87 | 0.83 | -1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.59 | -0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.47 | 0.72 | -1.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.33 | 0.78 | -1.11 |
Correlation
The correlation between EFZ and FSKAX is -0.80. 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. FSKAX - Dividend Comparison
EFZ's dividend yield for the trailing twelve months is around 3.78%, more than FSKAX's 1.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFZ ProShares Short MSCI EAFE | 3.78% | 4.55% | 5.29% | 4.66% | 0.57% | 0.00% | 0.04% | 1.56% | 0.34% | 0.00% | 0.00% | 0.00% |
FSKAX Fidelity Total Market Index Fund | 1.09% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Drawdowns
EFZ vs. FSKAX - Drawdown Comparison
The maximum EFZ drawdown since its inception was -88.08%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for EFZ and FSKAX.
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Drawdown Indicators
| EFZ | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.08% | -35.01% | -53.07% |
Max Drawdown (1Y)Largest decline over 1 year | -30.95% | -12.42% | -18.53% |
Max Drawdown (5Y)Largest decline over 5 years | -43.77% | -25.39% | -18.38% |
Max Drawdown (10Y)Largest decline over 10 years | -61.88% | -35.01% | -26.87% |
Current DrawdownCurrent decline from peak | -86.98% | -8.92% | -78.06% |
Average DrawdownAverage peak-to-trough decline | -66.89% | -4.05% | -62.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.44% | 2.57% | +18.87% |
Volatility
EFZ vs. FSKAX - Volatility Comparison
ProShares Short MSCI EAFE (EFZ) has a higher volatility of 8.44% compared to Fidelity Total Market Index Fund (FSKAX) at 4.42%. This indicates that EFZ's price experiences larger fluctuations and is considered to be riskier than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EFZ | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.44% | 4.42% | +4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 9.40% | +2.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.50% | 18.50% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.54% | 17.38% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.31% | 18.42% | -1.11% |