USDU vs. EFZ
USDU (WisdomTree Bloomberg U.S. Dollar Bullish Fund) and EFZ (ProShares Short MSCI EAFE) are both exchange-traded funds - USDU is a Currency fund actively managed by WisdomTree, while EFZ is a Inverse Equities fund tracking the MSCI EAFE Index (-100%). USDU is actively managed, while EFZ is passively managed. Over the past 10 years, USDU returned 2.70%/yr vs -8.30%/yr for EFZ. At a 0.41 correlation, their price movements are largely independent. USDU charges 0.51%/yr vs 0.95%/yr for EFZ.
Performance
USDU vs. EFZ - Performance Comparison
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Returns By Period
In the year-to-date period, USDU achieves a 1.78% return, which is significantly higher than EFZ's -7.64% return. Over the past 10 years, USDU has outperformed EFZ with an annualized return of 2.70%, while EFZ has yielded a comparatively lower -8.30% annualized return.
USDU
- 1D
- -0.11%
- 1M
- 1.08%
- YTD
- 1.78%
- 6M
- 1.41%
- 1Y
- 4.48%
- 3Y*
- 4.54%
- 5Y*
- 5.47%
- 10Y*
- 2.70%
EFZ
- 1D
- -0.71%
- 1M
- -2.63%
- YTD
- -7.64%
- 6M
- -9.27%
- 1Y
- -14.29%
- 3Y*
- -10.18%
- 5Y*
- -5.52%
- 10Y*
- -8.30%
USDU vs. EFZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 1.78% | -3.14% | 14.56% | 3.10% | 7.67% | 4.07% | -5.43% | 1.54% | 5.40% | -7.44% |
EFZ ProShares Short MSCI EAFE | -7.64% | -20.92% | 2.90% | -10.38% | 13.15% | -12.75% | -16.02% | -16.56% | 16.26% | -20.18% |
Correlation
The correlation between USDU and EFZ is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2013 | 0.41 |
The correlation between USDU and EFZ shifts across timeframes, from 0.41 (all time) to 0.58 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
USDU vs. EFZ — Risk / Return Rank
USDU
EFZ
USDU vs. EFZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) 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.
| USDU | EFZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.86 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | -0.83 | +2.06 |
| Martin ratioReturn relative to average drawdown | 3.36 | -1.47 | +4.82 |
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
| USDU | EFZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | -0.88 | +1.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | -0.33 | +1.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | -0.48 | +0.84 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | -0.34 | +0.78 |
Drawdowns
USDU vs. EFZ - Drawdown Comparison
The maximum USDU drawdown since its inception was -14.54%, smaller than the maximum EFZ drawdown of -88.08%. Use the drawdown chart below to compare losses from any high point for USDU and EFZ.
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Drawdown Indicators
| USDU | EFZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.54% | -88.08% | +73.54% |
Max Drawdown (1Y)Largest decline over 1 year | -3.64% | -17.36% | +13.72% |
Max Drawdown (3Y)Largest decline over 3 years | -7.73% | -35.42% | +27.69% |
Max Drawdown (5Y)Largest decline over 5 years | -9.28% | -43.77% | +34.49% |
Max Drawdown (10Y)Largest decline over 10 years | -14.54% | -61.88% | +47.34% |
Current DrawdownCurrent decline from peak | -2.36% | -87.91% | +85.55% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -67.09% | +62.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 9.77% | -8.43% |
Volatility
USDU vs. EFZ - Volatility Comparison
The current volatility for WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) is 1.25%, while ProShares Short MSCI EAFE (EFZ) has a volatility of 5.08%. This indicates that USDU 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
| USDU | EFZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 5.08% | -3.83% |
Volatility (6M)Calculated over the trailing 6-month period | 4.31% | 13.47% | -9.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.63% | 16.34% | -10.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 16.72% | -10.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.46% | 17.38% | -9.92% |
USDU vs. EFZ - Expense Ratio Comparison
USDU has a 0.51% expense ratio, which is lower than EFZ's 0.95% expense ratio.
Dividends
USDU vs. EFZ - Dividend Comparison
USDU's dividend yield for the trailing twelve months is around 3.76%, less than EFZ's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFZ ProShares Short MSCI EAFE | 4.07% | 4.55% | 5.29% | 4.66% | 0.57% | 0.00% | 0.04% | 1.56% | 0.34% | 0.00% | 0.00% | 0.00% |
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 3.76% | 3.83% | 3.97% | 6.99% | 7.83% | 0.00% | 0.69% | 3.06% | 0.88% | 0.00% | 0.00% | 6.48% |
Frequently Asked Questions
USDU and EFZ have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EFZ has higher volatility (5.08%) compared to USDU (1.25%). In terms of maximum drawdown, USDU dropped -14.54% vs EFZ's -88.08%.
On 10-year performance, USDU leads with 2.70% vs -8.30% for EFZ. On fees, USDU is cheaper at 0.51% per year. On volatility, USDU has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USDU has performed better with a 2.70% return vs -8.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USDU is cheaper with a 0.51% expense ratio, compared with 0.95% for EFZ.
EFZ has the higher dividend yield at 4.07%, compared with 3.76% for USDU.
USDU is categorized as Currency, while EFZ is Inverse Equities. They also come from different issuers: WisdomTree and ProShares. Their fees differ too: 0.51% for USDU and 0.95% for EFZ.
USDU currently has the higher Sharpe Ratio (0.80 vs -0.88), 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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