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EFU vs PSQ

ProShares UltraShort MSCI EAFE

EFUCNYSE Arca

ProShares Short QQQ

PSQBNYSE Arca

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

EFU0.95%PSQ0.95%

Avg volume · 30D

PSQ 1703.0×the volume

EFU7.62KPSQ13M

10Y return · a year

PSQ +1.1pt

EFU−19.1%PSQ−18.0%

EFU vs PSQ Performance

Oct 29, 2021 – Oct 30, 2026

−55.2%EFU−42.7%PSQ

Oct 29, 2021 to Oct 30, 2026. EFU −55.2%. PSQ −42.7%. Use the arrow keys to read each point.−25%0%25%50%75%Oct 2021Apr 2024Oct 2026
Expense ratio
EFU 0.95%
PSQ 0.95%
Fund size
EFU $1M
PSQ $611M
1Y total return
EFU −21.1%
PSQ −7.0%, better
Yield (12M)
EFU 4.12%, better
PSQ 3.90%
Holdings
EFU 1
PSQ 4
Avg volume (30D)
EFU 7.62K sh
PSQ 13M sh, better
NAV per share
EFU $7.38
PSQ $26.64
52W range

ETF.net Grade

EFU: Cost 50, Risk 42, Mission not scored, Tradability 22, Holdings not scored, Durability 36. PSQ: Cost 50, Risk 59, Mission 98, Tradability 98, Holdings 55, Durability 72.
Pillar letters and Scores for EFU, PSQ, with each pillar’s weight
PillarEFUPSQ
Cost30% weightC50C50
Mission25% weightNot scoredA98
Risk15% weightC42B59Higher
Tradability15% weightF22A98Higher
Holdings10% weightNot scoredB55
Durability5% weightD36A72Higher

Rank among Leveraged Inverse (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. EFU and PSQ are both graded against the same 53 Leveraged Inverse (2x & Other) funds, so their Grades compare head to head.

Leveraged Inverse (2x & Other)⁠

Category · 53 funds
See all 53 ›

PSQ ranks 3rd and EFU 32nd of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 1BDOGProShares Short Dow30Score 65
  2. Rank 1BSVXYProShares Short VIX Short-Term Futures ETFScore 65
  3. Rank 3BPSQProShares Short QQQScore 64
  4. Rank 4BRWMProShares Short Russell2000Score 63
  5. Rank 32CEEVProShares UltraShort MSCI Emerging MarketsScore 40
  6. Rank 32CEFUProShares UltraShort MSCI EAFEScore 40
  7. Rank 32CEMTYProShares Decline of the Retail Store ETFScore 40

Our read on each fund

ETF.net Research

EFUCProShares UltraShort MSCI EAFE

PSQBProShares Short QQQ

In short

EFU Nearly every inverse ETF shorts America. EFU goes the other way: -2x the daily move of the MSCI EAFE index, the developed markets of Europe, Australasia and the Far East. A 2007-vintage tool with a one-day job.

PSQ The plain short on the Nasdaq-100: PSQ aims for -1x the index's daily move, with no leverage multiplier bolted on. It has been running since 2006, making it one of the original one-for-one bear tools.

Stated mandate

EFU EFU seeks daily investment results, before fees and expenses, corresponding to -2x the daily performance of the MSCI EAFE Index.

PSQ The fund is designed to provide -1x exposure to the Nasdaq-100 Index's daily price movement, seeking to benefit when that index declines.

Why people hold it

  • EFU A rare short on the world outside America: -2x the daily move of MSCI EAFE, which spans large and mid caps across 21 developed countries, excluding the US and Canada.proshares.commsci.com
  • Fee is 0.95% net of a waiver through September 30, 2027, near the category median for leveraged and inverse funds. Not a bargain, not a premium.
  • Listed in 2007, so the fund has operated across multiple full market cycles, a long run for a daily-reset product.
  • The same index comes at half the speed in EFZ, a -1x fund at 0.95% net of a waiver through September 30, 2027, so the exposure can be dialed down.
  • PSQ ProShares bills it as the only -1x ETF built to profit when the Nasdaq-100's daily price falls. Sibling QID doubles the dose at -2x; PSQ stays one-for-one.proshares.com
  • 0.95% net of a waiver through September 30, 2027 (0.96% gross), near the category median and the same net fee as -2x QID, also waived through September 30, 2027.
  • Among the most actively traded funds in the bear category, and one of the closest to its stated daily target in a peer group of 50-plus funds.

Worth knowing

  • EFU The -2x target resets every day. Hold longer and compounding takes over, so multi-day results can differ widely from -2x the index move over that stretch.proshares.com
  • That 0.95% is net: the gross ratio is 8.34%, and the waiver runs through September 30, 2027. Worth watching what the fund files after that.
  • Small and thinly traded. Limit orders and modest size matter more here than in the headline inverse funds.
  • PSQ The -1x goal resets daily. Over weeks or months, compounding means results can differ from -1x the index's move across that stretch, especially in choppy markets.sec.gov
  • Cheap for this corner of the market, pricey next to a broad index fund. The fee accrues every day you hold it, hedge or trade.
  • It cuts one way: when the Nasdaq-100 rises on the day, PSQ is designed to fall roughly in step.

Full EFU profile⁠

Full PSQ profile⁠

EFU vs PSQ Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EFU vs PSQ Cost

Same expense ratio

$17,869

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • EFU 0.95%

    $17,869

  • PSQ 0.95%

    $17,869

$10,000
30 years

Cost over time

  • EFU 0.95%
  • PSQ 0.95%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530EFU $17,869PSQ $17,869

Year by year

YearEFUPSQ
10$1,678$1,678
20$6,322$6,322
30$17,869$17,869

Expense ratio

  • 0.95%EFU
  • 0.95%PSQ
  • Middle half of Leveraged Inverse (2x & Other) funds
  • Median 0.95%

EFU 6th cheapest of 53 funds

PSQ 6th cheapest of 53 funds

EFU vs PSQ Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EFU 4.12%, better
PSQ 3.90%
Payout (12M)
EFU $0.30
PSQ $1.04
Last payment
EFU $0.08
PSQ $0.26
Ex-dividend
EFU Sep 23, 2026
PSQ Sep 23, 2026
Paid on
EFU Sep 29, 2026
PSQ Sep 29, 2026
Frequency
EFU Quarterly
PSQ Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EFUQuarterly · 24 paymentsAll EFU payments⁠
One bar per payment. 24 payments from 2017 to 2026 YTD. Sep 26, 2018 $0.02; Dec 26, 2018 $0.08; Mar 20, 2019 $0.08; Jun 25, 2019 $0.13; Sep 25, 2019 $0.12; Dec 24, 2019 $0.05; Mar 25, 2020 $0.00092; Sep 21, 2022 $0.33; Dec 22, 2022 $0.02; Mar 22, 2023 $0.33; Jun 21, 2023 $0.16; Sep 20, 2023 $0.35; Dec 20, 2023 $0.25; Mar 20, 2024 $0.12; Jun 26, 2024 $0.11; Sep 25, 2024 $0.16; Dec 23, 2024 $0.24; Mar 26, 2025 $0.13; Jun 25, 2025 $0.12; Sep 24, 2025 $0.14; Dec 24, 2025 $0.11; Mar 25, 2026 $0.03; Jun 24, 2026 $0.08; Sep 23, 2026 $0.08. Use the arrow keys to read each point.$0$12017202020232026YTD
PSQQuarterly · 26 paymentsAll PSQ payments⁠
One bar per payment. 26 payments from 2017 to 2026 YTD. Dec 26, 2017 $0.03; Mar 21, 2018 $0.20; Jun 20, 2018 $0.39; Sep 26, 2018 $0.51; Dec 26, 2018 $0.53; Mar 20, 2019 $0.51; Jun 25, 2019 $0.66; Sep 25, 2019 $0.57; Dec 24, 2019 $0.41; Mar 25, 2020 $0.22; Dec 22, 2022 $0.25; Mar 22, 2023 $0.46; Jun 21, 2023 $0.72; Sep 20, 2023 $0.72; Dec 20, 2023 $0.95; Mar 20, 2024 $0.54; Jun 26, 2024 $0.76; Sep 25, 2024 $0.68; Dec 23, 2024 $0.70; Mar 26, 2025 $0.34; Jun 25, 2025 $0.40; Sep 24, 2025 $0.36; Dec 24, 2025 $0.40; Mar 25, 2026 $0.15; Jun 24, 2026 $0.23; Sep 23, 2026 $0.26. Use the arrow keys to read each point.$0$12017202020232026YTD

EFU vs PSQ Risk

Fall from peak · 5 years

  • EFU
  • PSQ
Oct 29, 2021 to Oct 30, 2026. Worst fall: EFU −77.4% · Aug 2026. Use the arrow keys to read each point.−80%−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
EFU 23.3%PSQ 16.8%, better
Return per unit of riskSharpe ratio, 3 years
EFU −1.45PSQ −1.33, better
Worst fallMax drawdown, 5 years
EFU −77.4%PSQ −61.5%, better
Market sensitivityBeta, 5 years
EFU −1.23PSQ −1.18

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