YXI vs. EFZ
YXI (ProShares Short FTSE China 50) and EFZ (ProShares Short MSCI EAFE) are both Inverse Equities funds from ProShares - YXI tracks the FTSE China 50 Net Tax USD (TR) (-100%) while EFZ tracks the MSCI EAFE Index (-100%). Both are passively managed. Over the past 10 years, YXI returned -8.25%/yr vs -8.29%/yr for EFZ. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.
Performance
YXI vs. EFZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, YXI achieves a 8.21% return, which is significantly higher than EFZ's -6.98% return. Both investments have delivered pretty close results over the past 10 years, with YXI having a -8.25% annualized return and EFZ not far behind at -8.29%.
YXI
- 1D
- 1.95%
- 1M
- 2.80%
- YTD
- 8.21%
- 6M
- 9.88%
- 1Y
- 0.05%
- 3Y*
- -11.68%
- 5Y*
- -2.65%
- 10Y*
- -8.25%
EFZ
- 1D
- 0.88%
- 1M
- -3.23%
- YTD
- -6.98%
- 6M
- -8.53%
- 1Y
- -14.24%
- 3Y*
- -9.77%
- 5Y*
- -5.38%
- 10Y*
- -8.29%
YXI vs. EFZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YXI ProShares Short FTSE China 50 | 8.21% | -22.87% | -25.36% | 12.40% | 4.78% | 13.94% | -17.95% | -14.35% | 9.63% | -28.43% |
EFZ ProShares Short MSCI EAFE | -6.98% | -20.92% | 2.90% | -10.38% | 13.15% | -12.75% | -16.02% | -16.56% | 16.26% | -20.18% |
Correlation
The correlation between YXI and EFZ is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2010 | 0.61 |
The correlation between YXI and EFZ shifts across timeframes, from 0.48 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
YXI vs. EFZ — Risk / Return Rank
YXI
EFZ
YXI vs. EFZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short FTSE China 50 (YXI) 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.
| YXI | EFZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.86 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.00 | -0.82 | +0.83 |
| Martin ratioReturn relative to average drawdown | 0.01 | -1.47 | +1.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| YXI | EFZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.00 | -0.88 | +0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | -0.32 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.30 | -0.48 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.30 | -0.34 | +0.04 |
Drawdowns
YXI vs. EFZ - Drawdown Comparison
The maximum YXI drawdown since its inception was -81.15%, smaller than the maximum EFZ drawdown of -88.08%. Use the drawdown chart below to compare losses from any high point for YXI and EFZ.
Loading charts...
Drawdown Indicators
| YXI | EFZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.15% | -88.08% | +6.93% |
Max Drawdown (1Y)Largest decline over 1 year | -14.21% | -17.36% | +3.15% |
Max Drawdown (3Y)Largest decline over 3 years | -53.12% | -35.42% | -17.70% |
Max Drawdown (5Y)Largest decline over 5 years | -57.65% | -43.77% | -13.88% |
Max Drawdown (10Y)Largest decline over 10 years | -64.92% | -61.88% | -3.04% |
Current DrawdownCurrent decline from peak | -77.90% | -87.82% | +9.92% |
Average DrawdownAverage peak-to-trough decline | -54.31% | -67.08% | +12.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.18% | 9.71% | -1.53% |
Volatility
YXI vs. EFZ - Volatility Comparison
ProShares Short FTSE China 50 (YXI) has a higher volatility of 7.21% compared to ProShares Short MSCI EAFE (EFZ) at 5.19%. This indicates that YXI's price experiences larger fluctuations and is considered to be riskier than EFZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| YXI | EFZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.21% | 5.19% | +2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 14.86% | 13.49% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.97% | 16.35% | +3.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.40% | 16.72% | +14.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.42% | 17.38% | +10.04% |
YXI vs. EFZ - Expense Ratio Comparison
Both YXI and EFZ have an expense ratio of 0.95%.
Dividends
YXI vs. EFZ - Dividend Comparison
YXI's dividend yield for the trailing twelve months is around 2.84%, less than EFZ's 4.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EFZ ProShares Short MSCI EAFE | 4.04% | 4.55% | 5.29% | 4.66% | 0.57% | 0.00% | 0.04% | 1.56% | 0.34% |
YXI ProShares Short FTSE China 50 | 2.84% | 3.60% | 4.35% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% |
Frequently Asked Questions
YXI and EFZ have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YXI has higher volatility (7.21%) compared to EFZ (5.19%). In terms of maximum drawdown, YXI dropped -81.15% vs EFZ's -88.08%.
On 10-year performance, YXI leads with -8.25% vs -8.29% for EFZ. Both ETFs have the same 0.95% expense ratio. On volatility, EFZ has been the lower-risk option at 5.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, YXI has performed better with a -8.25% return vs -8.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
YXI and EFZ have the same expense ratio: 0.95% per year.
EFZ has the higher dividend yield at 4.04%, compared with 2.84% for YXI.
YXI tracks FTSE China 50 Net Tax USD (TR) (-100%), while EFZ tracks MSCI EAFE Index (-100%).
YXI currently has the higher Sharpe Ratio (0.00 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.
Find the right allocation for YXI and EFZ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer