SBB vs. EFZ
Compare and contrast key facts about ProShares Short SmallCap600 (SBB) and ProShares Short MSCI EAFE (EFZ).
SBB and EFZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SBB is a passively managed fund by ProShares that tracks the performance of the S&P SmallCap 600 Index (-100%). It was launched on Jan 23, 2007. 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. Both SBB and EFZ 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
SBB vs. EFZ - Performance Comparison
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SBB vs. EFZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SBB ProShares Short SmallCap600 | -3.18% | -3.56% | -3.73% | -10.44% | 13.75% | -25.40% | -26.53% | -18.64% | 8.40% | -12.70% |
EFZ ProShares Short MSCI EAFE | -1.90% | -20.92% | 2.90% | -10.38% | 13.15% | -12.75% | -16.02% | -16.56% | 16.26% | -20.18% |
Returns By Period
In the year-to-date period, SBB achieves a -3.18% return, which is significantly lower than EFZ's -1.90% return. Over the past 10 years, SBB has underperformed EFZ with an annualized return of -11.19%, while EFZ has yielded a comparatively higher -8.18% annualized return.
SBB
- 1D
- -0.33%
- 1M
- 5.00%
- YTD
- -3.18%
- 6M
- -3.65%
- 1Y
- -15.46%
- 3Y*
- -6.42%
- 5Y*
- -3.54%
- 10Y*
- -11.19%
EFZ
- 1D
- -1.35%
- 1M
- 4.93%
- YTD
- -1.90%
- 6M
- -4.62%
- 1Y
- -17.15%
- 3Y*
- -8.28%
- 5Y*
- -5.63%
- 10Y*
- -8.18%
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SBB vs. EFZ - Expense Ratio Comparison
Both SBB and EFZ have an expense ratio of 0.95%.
Return for Risk
SBB vs. EFZ — Risk / Return Rank
SBB
EFZ
SBB vs. EFZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short SmallCap600 (SBB) and ProShares Short MSCI EAFE (EFZ). 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.
| SBB | EFZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.67 | -0.93 | +0.26 |
Sortino ratioReturn per unit of downside risk | -0.83 | -1.28 | +0.45 |
Omega ratioGain probability vs. loss probability | 0.89 | 0.84 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | -0.51 | -0.56 | +0.05 |
Martin ratioReturn relative to average drawdown | -0.71 | -0.80 | +0.09 |
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
| SBB | EFZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.67 | -0.93 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | -0.34 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.48 | -0.47 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.49 | -0.33 | -0.16 |
Correlation
The correlation between SBB and EFZ is 0.68, 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
SBB vs. EFZ - Dividend Comparison
SBB's dividend yield for the trailing twelve months is around 3.24%, less than EFZ's 3.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SBB ProShares Short SmallCap600 | 3.24% | 3.44% | 4.86% | 4.64% | 0.31% | 0.00% | 0.04% | 1.20% | 0.17% |
EFZ ProShares Short MSCI EAFE | 3.83% | 4.55% | 5.29% | 4.66% | 0.57% | 0.00% | 0.04% | 1.56% | 0.34% |
Drawdowns
SBB vs. EFZ - Drawdown Comparison
The maximum SBB drawdown since its inception was -95.54%, which is greater than EFZ's maximum drawdown of -88.08%. Use the drawdown chart below to compare losses from any high point for SBB and EFZ.
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Drawdown Indicators
| SBB | EFZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.54% | -88.08% | -7.46% |
Max Drawdown (1Y)Largest decline over 1 year | -30.86% | -30.95% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -31.94% | -43.77% | +11.83% |
Max Drawdown (10Y)Largest decline over 10 years | -72.01% | -61.88% | -10.13% |
Current DrawdownCurrent decline from peak | -95.25% | -87.16% | -8.09% |
Average DrawdownAverage peak-to-trough decline | -74.35% | -66.89% | -7.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.16% | 21.50% | +0.66% |
Volatility
SBB vs. EFZ - Volatility Comparison
The current volatility for ProShares Short SmallCap600 (SBB) is 6.59%, while ProShares Short MSCI EAFE (EFZ) has a volatility of 7.78%. This indicates that SBB experiences smaller price fluctuations and is considered to be less risky than EFZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBB | EFZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 7.78% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 13.34% | 12.37% | +0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.18% | 18.52% | +4.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.76% | 16.54% | +5.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.25% | 17.31% | +5.94% |