EUFN vs. SKF

Last updated Jun 25, 2026

EUFN (iShares MSCI Europe Financials ETF) and SKF (ProShares UltraShort Financials) are both exchange-traded funds - EUFN is a Financials Equities fund tracking the MSCI Europe Financials Index (Net), while SKF is a Leveraged Equities fund tracking the DJ Global United States (All) / Financials -IND (-200%). Both are passively managed. Over the past 10 years, EUFN returned 14.06%/yr vs -27.52%/yr for SKF. At a correlation of -0.70, they often move in opposite directions. EUFN charges 0.49%/yr vs 0.95%/yr for SKF.

Performance

EUFN vs. SKF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Europe Financials ETF (EUFN) and ProShares UltraShort Financials (SKF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EUFN achieves a 6.15% return, which is significantly higher than SKF's 2.32% return. Over the past 10 years, EUFN has outperformed SKF with an annualized return of 14.06%, while SKF has yielded a comparatively lower -27.52% annualized return.

EUFN

• 1D: -1.24%
• 1M: 3.18%
• YTD: 6.15%
• 6M: 5.56%
• 1Y: 28.12%
• 3Y*: 33.34%
• 5Y*: 19.23%
• 10Y*: 14.06%

SKF

• 1D: -0.27%
• 1M: -7.74%
• YTD: 2.32%
• 6M: 6.16%
• 1Y: -7.47%
• 3Y*: -27.35%
• 5Y*: -17.62%
• 10Y*: -27.52%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EUFN vs. SKF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUFN iShares MSCI Europe Financials ETF	6.15%	65.73%	17.20%	26.15%	-8.78%	19.13%	-8.55%	20.73%	-23.14%	26.94%
SKF ProShares UltraShort Financials	2.32%	-23.99%	-36.29%	-21.78%	17.63%	-47.66%	-42.40%	-42.97%	16.42%	-31.70%

Correlation

The correlation between EUFN and SKF is -0.56, 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	-0.56
Correlation (3Y) Calculated over the trailing 3-year period	-0.58
Correlation (5Y) Calculated over the trailing 5-year period	-0.68
Correlation (10Y) Calculated over the trailing 10-year period	-0.70
Correlation (All Time) Calculated using the full available price history since Feb 3, 2010	-0.70

The correlation between EUFN and SKF shifts across timeframes, from -0.70 (all time) to -0.56 (1 year), reflecting how their relationship changes across market environments.

EUFN vs. SKF - Sectors Allocation Comparison

Sectors	EUFN	SKF
Financial Services	97.8%	59.3%
Technology	1.0%	-
Industrials	0.4%	-
Consumer Cyclical	0.2%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

EUFN vs. SKF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EUFN

EUFN Risk / Return Rank: 43
EUFN Sharpe Ratio Rank: 44
EUFN Sortino Ratio Rank: 45
EUFN Omega Ratio Rank: 41
EUFN Calmar Ratio Rank: 42
EUFN Martin Ratio Rank: 44

SKF

SKF Risk / Return Rank: 7
SKF Sharpe Ratio Rank: 7
SKF Sortino Ratio Rank: 7
SKF Omega Ratio Rank: 7
SKF Calmar Ratio Rank: 6
SKF Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUFN vs. SKF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials ETF (EUFN) and ProShares UltraShort Financials (SKF). 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.

	EUFN	SKF	Difference
Sharpe ratio: Return per unit of total volatility	1.42	-0.26	+1.67
Sortino ratio: Return per unit of downside risk	2.06	-0.19	+2.25
Omega ratio: Gain probability vs. loss probability	1.25	0.98	+0.27
Calmar ratio: Return relative to maximum drawdown	1.91	-0.34	+2.25
Martin ratio: Return relative to average drawdown	6.68	-0.77	+7.45

EUFN vs. SKF - Sharpe Ratio Comparison

The current EUFN Sharpe Ratio is 1.42, which is higher than the SKF Sharpe Ratio of -0.26. The chart below compares the historical Sharpe Ratios of EUFN and SKF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EUFN vs. SKF - Drawdown Comparison

The maximum EUFN drawdown since its inception was -53.25%, smaller than the maximum SKF drawdown of -99.96%. Use the drawdown chart below to compare losses from any high point for EUFN and SKF.

Drawdown Indicators

	EUFN	SKF	Difference
Max Drawdown Largest peak-to-trough decline	-53.25%	-99.96%	+46.71%
Max Drawdown (1Y) Largest decline over 1 year	-14.77%	-22.02%	+7.25%
Max Drawdown (3Y) Largest decline over 3 years	-15.95%	-68.09%	+52.14%
Max Drawdown (5Y) Largest decline over 5 years	-35.15%	-72.40%	+37.25%
Max Drawdown (10Y) Largest decline over 10 years	-53.25%	-96.51%	+43.26%
Current Drawdown Current decline from peak	-2.25%	-99.95%	+97.70%
Average Drawdown Average peak-to-trough decline	-14.51%	-89.27%	+74.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.22%	9.72%	-5.50%

Volatility

EUFN vs. SKF - Volatility Comparison

The current volatility for iShares MSCI Europe Financials ETF (EUFN) is 6.32%, while ProShares UltraShort Financials (SKF) has a volatility of 8.32%. This indicates that EUFN experiences smaller price fluctuations and is considered to be less risky than SKF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUFN	SKF	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.32%	8.32%	-2.00%
Volatility (6M) Calculated over the trailing 6-month period	17.13%	22.44%	-5.31%
Volatility (1Y) Calculated over the trailing 1-year period	20.06%	29.12%	-9.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.86%	36.03%	-14.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.88%	40.81%	-16.93%

EUFN vs. SKF - Expense Ratio Comparison

EUFN has a 0.49% expense ratio, which is lower than SKF's 0.95% expense ratio.

Dividends

EUFN vs. SKF - Dividend Comparison

EUFN's dividend yield for the trailing twelve months is around 4.32%, less than SKF's 4.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUFN iShares MSCI Europe Financials ETF	4.32%	3.57%	5.36%	5.00%	4.24%	4.15%	1.38%	4.55%	6.48%	3.04%	4.03%	3.65%
SKF ProShares UltraShort Financials	4.62%	5.61%	7.94%	3.93%	0.03%	0.00%	0.11%	1.29%	0.06%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EUFN and SKF in my portfolio?

EUFN and SKF have a correlation of -0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EUFN or SKF?

SKF has higher volatility (8.32%) compared to EUFN (6.32%). In terms of maximum drawdown, EUFN dropped -53.25% vs SKF's -99.96%.

Which ETF is better, EUFN or SKF?

On 10-year performance, EUFN leads with 14.06% vs -27.52% for SKF. On fees, EUFN is cheaper at 0.49% per year. On volatility, EUFN has been the lower-risk option at 6.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EUFN or SKF?

Over the 10-year period, EUFN has performed better with a 14.06% return vs -27.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EUFN or SKF?

EUFN is cheaper with a 0.49% expense ratio, compared with 0.95% for SKF.

Which ETF pays a higher dividend yield, EUFN or SKF?

SKF has the higher dividend yield at 4.62%, compared with 4.32% for EUFN.

What is the main difference between EUFN and SKF?

EUFN is categorized as Financials Equities, while SKF is Leveraged Equities. EUFN tracks MSCI Europe Financials Index (Net), while SKF tracks DJ Global United States (All) / Financials -IND (-200%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.49% for EUFN and 0.95% for SKF.

Which has better risk-adjusted returns?

EUFN currently has the higher Sharpe Ratio (1.42 vs -0.26), 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.