EFZ vs. INTF
EFZ (ProShares Short MSCI EAFE) and INTF (iShares MSCI Intl Multifactor ETF) are both exchange-traded funds - EFZ is a Inverse Equities fund tracking the MSCI EAFE Index (-100%), while INTF is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Diversified Multi-Factor. Both are passively managed. Over the past 10 years, EFZ returned -9.00%/yr vs 10.08%/yr for INTF. At a correlation of -0.92, they often move in opposite directions. EFZ charges 0.95%/yr vs 0.30%/yr for INTF.
Performance
EFZ vs. INTF - Performance Comparison
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Returns By Period
In the year-to-date period, EFZ achieves a -8.77% return, which is significantly lower than INTF's 11.30% return. Over the past 10 years, EFZ has underperformed INTF with an annualized return of -9.00%, while INTF has yielded a comparatively higher 10.08% annualized return.
EFZ
- 1D
- 0.13%
- 1M
- -1.95%
- YTD
- -8.77%
- 6M
- -9.09%
- 1Y
- -17.18%
- 3Y*
- -10.58%
- 5Y*
- -6.10%
- 10Y*
- -9.00%
INTF
- 1D
- 0.17%
- 1M
- 1.66%
- YTD
- 11.30%
- 6M
- 11.62%
- 1Y
- 29.09%
- 3Y*
- 20.32%
- 5Y*
- 10.44%
- 10Y*
- 10.08%
EFZ vs. INTF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EFZ ProShares Short MSCI EAFE | -8.77% | -20.92% | 2.90% | -10.38% | 13.15% | -12.75% | -16.02% | -16.56% | 16.26% | -20.18% |
INTF iShares MSCI Intl Multifactor ETF | 11.30% | 35.50% | 5.99% | 18.25% | -12.31% | 11.70% | 2.83% | 18.46% | -15.87% | 28.46% |
Correlation
The correlation between EFZ and INTF is -0.93, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.95 |
Correlation (All Time) Calculated using the full available price history since May 4, 2015 | -0.92 |
The correlation between EFZ and INTF has been stable across timeframes, ranging from -0.96 to -0.92 - a consistent structural relationship.
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Return for Risk
EFZ vs. INTF — Risk / Return Rank
EFZ
INTF
EFZ vs. INTF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short MSCI EAFE (EFZ) and iShares MSCI Intl Multifactor ETF (INTF). 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 | INTF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.00 | ||
| Sortino ratioReturn per unit of downside risk | -4.15 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.35 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | 2.86 | -3.87 |
| Martin ratioReturn relative to average drawdown | -1.71 | 11.35 | -13.06 |
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Drawdowns
EFZ vs. INTF - Drawdown Comparison
The maximum EFZ drawdown since its inception was -88.08%, which is greater than INTF's maximum drawdown of -40.39%. Use the drawdown chart below to compare losses from any high point for EFZ and INTF.
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Drawdown Indicators
| EFZ | INTF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.08% | -40.39% | -47.69% |
Max Drawdown (1Y)Largest decline over 1 year | -17.09% | -10.20% | -6.89% |
Max Drawdown (3Y)Largest decline over 3 years | -35.42% | -13.64% | -21.78% |
Max Drawdown (5Y)Largest decline over 5 years | -43.77% | -29.26% | -14.51% |
Max Drawdown (10Y)Largest decline over 10 years | -61.88% | -40.39% | -21.49% |
Current DrawdownCurrent decline from peak | -88.05% | -0.29% | -87.76% |
Average DrawdownAverage peak-to-trough decline | -67.12% | -7.67% | -59.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.31% | 2.57% | +7.74% |
Volatility
EFZ vs. INTF - Volatility Comparison
ProShares Short MSCI EAFE (EFZ) has a higher volatility of 5.00% compared to iShares MSCI Intl Multifactor ETF (INTF) at 4.31%. This indicates that EFZ's price experiences larger fluctuations and is considered to be riskier than INTF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EFZ | INTF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 4.31% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 13.99% | 12.46% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 14.90% | +1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.82% | 16.20% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 17.28% | +0.08% |
EFZ vs. INTF - Expense Ratio Comparison
EFZ has a 0.95% expense ratio, which is higher than INTF's 0.30% expense ratio.
Dividends
EFZ vs. INTF - Dividend Comparison
EFZ's dividend yield for the trailing twelve months is around 4.12%, more than INTF's 3.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFZ ProShares Short MSCI EAFE | 4.12% | 4.55% | 5.29% | 4.66% | 0.57% | 0.00% | 0.04% | 1.56% | 0.34% | 0.00% | 0.00% | 0.00% |
INTF iShares MSCI Intl Multifactor ETF | 3.01% | 2.87% | 3.53% | 3.59% | 2.81% | 5.38% | 2.06% | 3.65% | 2.62% | 3.26% | 1.66% | 0.85% |
Frequently Asked Questions
EFZ and INTF 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.
EFZ has higher volatility (5.00%) compared to INTF (4.31%). In terms of maximum drawdown, EFZ dropped -88.08% vs INTF's -40.39%.
On 10-year performance, INTF leads with 10.08% vs -9.00% for EFZ. On fees, INTF is cheaper at 0.30% per year. On volatility, INTF has been the lower-risk option at 4.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, INTF has performed better with a 10.08% return vs -9.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
INTF is cheaper with a 0.30% expense ratio, compared with 0.95% for EFZ.
EFZ has the higher dividend yield at 4.12%, compared with 3.01% for INTF.
EFZ is categorized as Inverse Equities, while INTF is Foreign Large Cap Equities. EFZ tracks MSCI EAFE Index (-100%), while INTF tracks MSCI World ex USA Diversified Multi-Factor. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for EFZ and 0.30% for INTF.
INTF currently has the higher Sharpe Ratio (1.97 vs -1.03), 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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