ProShares - UltraShort MSCI EAFE
$7.14+0.17 (+2.39%)
- Expense ratio
- 7.29%
- Fund size
- $1M
- 1Y return
- −27.5%
- Yield · Last 12 months
- 5.24%
- Holdings
- 6
- Volume · 30D
- 0M sh
- NAV per share
- $7.20
- 52W range
The ETF.net EFU Grade
Score 21 of 100 sits in the F band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 8Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 45Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 23Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 35Category rank
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
- 6
- 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.
Returns run to the Sep 22, 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 | −21.7% |
| 1 month | +3.4% |
| 3 months | −3.1% |
| 1 year | −27.5% |
| 3 years | −27.0% |
| 5 years | −16.2% |
| 10 years | −19.1% |
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 | −21.7% | |
| 2025 | −41.1% | |
| 2024 | −1.0% | |
| 2023 | −25.4% | |
| 2022 | +24.2% | |
| 2021 | −24.6% | |
| 2020 | −35.6% |
EFU in the news
ETF.net Research hasn’t filed on EFU yet — coverage lands here as it’s written.
EFU Dividends
- 5.24%
- $0.37
- $0.08 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.08 |
| Mar 25, 2026 | Mar 31, 2026 | $0.03 |
| Dec 24, 2025 | Dec 31, 2025 | $0.11 |
| Sep 24, 2025 | Sep 30, 2025 | $0.14 |
| Jun 25, 2025 | Jul 1, 2025 | $0.12 |
| Mar 26, 2025 | Apr 1, 2025 | $0.13 |
| Dec 23, 2024 | Dec 31, 2024 | $0.24 |
| Sep 25, 2024 | Oct 2, 2024 | $0.16 |
| Jun 26, 2024 | Jul 3, 2024 | $0.11 |
| Mar 20, 2024 | Mar 27, 2024 | $0.12 |
| Dec 20, 2023 | Dec 28, 2023 | $0.25 |
| Sep 20, 2023 | Sep 27, 2023 | $0.35 |
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.
- 24.0%
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.
- −1.33
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
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
48 of the 53 Leveraged Inverse (2x & Other) funds charge less.