ProShares - UltraShort MSCI EAFE
FThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$7.34−0.07 (−0.94%)
- 7.29%
- $1M
- −24.2%
- 4.09%
- 0M sh
- $7.40
- low $6.67high $10.42
The ETF.net EFU Grade
F
Score 21 out of 100
- 50 of 54
Score 21 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 21
- This cap took
- −0
- Published Score
- 21
Cost
The fund’s net expense ratio, ranked against its category.F8 out of 100Rank 50 of 54Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C44 out of 100Rank 29 of 53Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F22 out of 100Rank 50 of 54Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D37 out of 100Rank 46 of 54
Our read on EFU
FThe rare double-short on developed international stocks. EFU aims for -2x the daily move of the MSCI EAFE index, and that daily reset makes it a short-horizon trading tool rather than a set-and-forget position.
EFU seeks daily investment results, before fees and expenses, corresponding to -2x the daily performance of the MSCI EAFE Index.
Why people hold it
- One of very few ETF ways to take a 2x inverse position on developed markets outside the US, without shorting on margin or running your own futures book.proshares.com
- The mandate leaves nothing to interpretation: -2x the daily performance of the MSCI EAFE Index, before fees. No stock picking, no manager discretion.proshares.com
- Launched in 2007, so the plumbing has run through the financial crisis and every overseas drawdown since. ProShares has been building these daily-reset funds longer than almost anyone.
Worth knowing
- Daily reset means the math compounds off each day's close. Hold longer than a day and the result can drift well away from -2x the index's move over that stretch.proshares.com
- Costs run far above the typical leveraged or inverse fund, and that drag accrues daily. The single-inverse sibling EFZ tracks the same index at a much lower expense ratio.
- A small fund that trades thinly, so bid-ask spreads can widen and limit orders do real work here.
EFU Holdings
- Stocks
- 1
- 100%
- Net Other Assets (Liabilities)
EFU Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
EFU$7,580
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | EFU |
|---|---|
| Year to date | −16.0% |
| 1 month | +7.5% |
| 3 months | +3.5% |
| 1 year | −24.2% |
| 3 years | −26.0% |
| 5 years | −15.9% |
| 10 years | −19.0% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | EFU |
|---|---|---|
| 2026 YTD | −16.0% | |
| 2025 | −41.1% | |
| 2024 | −1.0% | |
| 2023 | −25.4% | |
| 2022 | +24.2% | |
| 2021 | −24.6% | |
| 2020 | −35.6% |
EFU in the news
EFU Dividends
- 4.09%
- $0.30
- $0.08 per share
- Quarterly
Distribution history
EFU Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 23.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −1.35
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −77.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −1.23
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EFU Cost
7.29%
EFU7.29%
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
48 of the 53 Leveraged Inverse (2x & Other) funds charge less.
Other funds in Leveraged Inverse (2x & Other)
- FSZKProShares - UltraShort Consumer StaplesExpense ratio 12.07%1 year return −15.2%
- FSMNProShares - UltraShort MaterialsExpense ratio 8.37%1 year return −23.4%
- FSDDProShares - UltraShort SmallCap600Expense ratio 4.67%1 year return −31.3%
- FTTXDDirexion Daily Technology Top 5 Bear 2X ETFExpense ratio 8.36%1 year return −51.6%
- FTSXDDirexion Daily Semiconductors Top 5 Bear 2X ETFExpense ratio 9.79%1 year return −75.9%