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SKF vs. EUFN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SKF vs. EUFN

Last updated Jun 24, 2026

SKF (ProShares UltraShort Financials) and EUFN (iShares MSCI Europe Financials ETF) are both exchange-traded funds - SKF is a Leveraged Equities fund tracking the DJ Global United States (All) / Financials -IND (-200%), while EUFN is a Financials Equities fund tracking the MSCI Europe Financials Index (Net). Both are passively managed. Over the past 10 years, SKF returned -27.50%/yr vs 14.20%/yr for EUFN. At a correlation of -0.70, they often move in opposite directions. SKF charges 0.95%/yr vs 0.49%/yr for EUFN.

Performance

SKF vs. EUFN - Performance Comparison

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

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Returns By Period

In the year-to-date period, SKF achieves a 2.60% return, which is significantly lower than EUFN's 7.49% return. Over the past 10 years, SKF has underperformed EUFN with an annualized return of -27.50%, while EUFN has yielded a comparatively higher 14.20% annualized return.

SKF

1D
-0.73%
1M
-7.49%
YTD
2.60%
6M
5.47%
1Y
-10.08%
3Y*
-27.28%
5Y*
-17.96%
10Y*
-27.50%

EUFN

1D
-1.02%
1M
4.47%
YTD
7.49%
6M
7.23%
1Y
32.41%
3Y*
33.90%
5Y*
19.66%
10Y*
14.20%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SKF vs. EUFN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SKF
ProShares UltraShort Financials		2.60%-23.99%-36.29%-21.78%17.63%-47.66%-42.40%-42.97%16.42%-31.70%
EUFN
iShares MSCI Europe Financials ETF		7.49%65.73%17.20%26.15%-8.78%19.13%-8.55%20.73%-23.14%26.94%

Correlation

The correlation between SKF and EUFN is -0.57, 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

-0.57

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 SKF and EUFN shifts across timeframes, from -0.70 (all time) to -0.57 (1 year), reflecting how their relationship changes across market environments.

SKF vs. EUFN - Sectors Allocation Comparison

Sectors
SKF
EUFN

Financial Services

59.3%
97.8%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

0.2%

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

0.4%

Real Estate

-

-

Technology

-

1.0%

Utilities

-

-

Financial Services

SKF
59.3%
EUFN
97.8%

Basic Materials

SKF

-

EUFN

-

Communication Services

SKF

-

EUFN

-

Consumer Cyclical

SKF

-

EUFN
0.2%

Consumer Defensive

SKF

-

EUFN

-

Energy

SKF

-

EUFN

-

Healthcare

SKF

-

EUFN

-

Industrials

SKF

-

EUFN
0.4%

Real Estate

SKF

-

EUFN

-

Technology

SKF

-

EUFN
1.0%

Utilities

SKF

-

EUFN

-

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ProShares UltraShort Financials

iShares MSCI Europe Financials ETF

Often compared with SKF:
SKF vs. UYGSKF vs. PSQSKF vs. AUMISKF vs. SPYSKF vs. TSMGSKF vs. KORUSKF vs. BITU
Often compared with EUFN:
EUFN vs. FDDEUFN vs. XLFEUFN vs. SPYEUFN vs. GSIBEUFN vs. EURLEUFN vs. EIRLEUFN vs. IEUR

Return for Risk

SKF vs. EUFN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SKF
SKF Risk / Return Rank: 55
Overall Rank
SKF Sharpe Ratio Rank: 66
Sharpe Ratio Rank
SKF Sortino Ratio Rank: 66
Sortino Ratio Rank
SKF Omega Ratio Rank: 66
Omega Ratio Rank
SKF Calmar Ratio Rank: 55
Calmar Ratio Rank
SKF Martin Ratio Rank: 44
Martin Ratio Rank
EUFN
EUFN Risk / Return Rank: 4747
Overall Rank
EUFN Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
EUFN Sortino Ratio Rank: 4949
Sortino Ratio Rank
EUFN Omega Ratio Rank: 4545
Omega Ratio Rank
EUFN Calmar Ratio Rank: 4646
Calmar Ratio Rank
EUFN Martin Ratio Rank: 4848
Martin Ratio Rank
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.

SKF vs. EUFN - Risk-Adjusted Trends Comparison

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

SKFEUFNDifference
Sharpe ratioReturn per unit of total volatility
-0.35
1.63

-1.97

Sortino ratioReturn per unit of downside risk
-0.33
2.33

-2.65

Omega ratioGain probability vs. loss probability

0.96

1.28

-0.31

Calmar ratioReturn relative to maximum drawdown

-0.46

2.20

-2.66

Martin ratioReturn relative to average drawdown

-1.05

7.71

-8.76

SKF vs. EUFN - Sharpe Ratio Comparison

The current SKF Sharpe Ratio is -0.35, which is lower than the EUFN Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of SKF and EUFN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SKF vs. EUFN - Drawdown Comparison

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

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Drawdown Indicators

SKFEUFNDifference

Max Drawdown

Largest peak-to-trough decline

-99.96%

-53.25%

-46.71%

Max Drawdown (1Y)

Largest decline over 1 year

-22.02%

-14.77%

-7.25%

Max Drawdown (3Y)

Largest decline over 3 years

-68.09%

-15.95%

-52.14%

Max Drawdown (5Y)

Largest decline over 5 years

-72.40%

-35.15%

-37.25%

Max Drawdown (10Y)

Largest decline over 10 years

-96.51%

-53.25%

-43.26%

Current Drawdown

Current decline from peak

-99.95%

-1.02%

-98.93%

Average Drawdown

Average peak-to-trough decline

-89.27%

-14.51%

-74.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.95%

4.22%

+5.73%

Volatility

SKF vs. EUFN - Volatility Comparison

ProShares UltraShort Financials (SKF) has a higher volatility of 8.32% compared to iShares MSCI Europe Financials ETF (EUFN) at 6.24%. This indicates that SKF's price experiences larger fluctuations and is considered to be riskier than EUFN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SKFEUFNDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.32%

6.24%

+2.08%

Volatility (6M)

Calculated over the trailing 6-month period

22.47%

17.09%

+5.38%

Volatility (1Y)

Calculated over the trailing 1-year period

29.21%

20.01%

+9.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.04%

21.86%

+14.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

40.82%

23.88%

+16.94%

SKF vs. EUFN - Expense Ratio Comparison

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

Dividends

SKF vs. EUFN - Dividend Comparison

SKF's dividend yield for the trailing twelve months is around 4.61%, more than EUFN's 4.27% yield.

PositionTTM20252024202320222021202020192018201720162015
EUFN
iShares MSCI Europe Financials ETF		4.27%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		4.61%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

SKF and EUFN have a correlation of -0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SKF has higher volatility (8.32%) compared to EUFN (6.24%). In terms of maximum drawdown, SKF dropped -99.96% vs EUFN's -53.25%.

On 10-year performance, EUFN leads with 14.20% vs -27.50% for SKF. On fees, EUFN is cheaper at 0.49% per year. On volatility, EUFN has been the lower-risk option at 6.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EUFN has performed better with a 14.20% return vs -27.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

SKF has the higher dividend yield at 4.61%, compared with 4.27% for EUFN.

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

EUFN currently has the higher Sharpe Ratio (1.63 vs -0.35), 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.

Portfolio Optimizer

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