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EFU vs SVXY

ProShares UltraShort MSCI EAFE

EFUCNYSE Arca

ProShares Short VIX Short-Term Futures ETF

SVXYBCboe

Overlap

Expense ratio

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

EFU0.95%SVXY0.95%

Avg volume · 30D

SVXY 195.3×the volume

EFU7.62KSVXY1.49M

10Y return · a year

SVXY +17.4pt

EFU−19.1%SVXY−1.7%

EFU vs SVXY Performance

Oct 29, 2021 – Oct 30, 2026

−55.2%EFU+96.6%SVXY

Oct 29, 2021 to Oct 30, 2026. EFU −55.2%. SVXY +96.6%. Use the arrow keys to read each point.−25%0%25%50%75%Oct 2021Apr 2024Oct 2026
Expense ratio
EFU 0.95%
SVXY 0.95%
Fund size
EFU $1M
SVXY $201M
1Y total return
EFU −21.1%
SVXY +21.9%, better
Yield (12M)
EFU 4.12%
SVXY No data
Holdings
EFU 1
SVXY 1
Avg volume (30D)
EFU 7.62K sh
SVXY 1.49M sh, better
NAV per share
EFU $7.38
SVXY $60.55
52W range

ETF.net Grade

EFU: Cost 50, Risk 42, Mission not scored, Tradability 22, Holdings not scored, Durability 36. SVXY: Cost 50, Risk 75, Mission not scored, Tradability 84, Holdings not scored, Durability 76.
Pillar letters and Scores for EFU, SVXY, with each pillar’s weight
PillarEFUSVXY
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightC42A75Higher
Tradability15% weightF22A84Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD36A76Higher

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 SVXY 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 ›

SVXY ranks 1st 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 32CEEVProShares UltraShort MSCI Emerging MarketsScore 40
  5. Rank 32CEFUProShares UltraShort MSCI EAFEScore 40
  6. Rank 32CEMTYProShares Decline of the Retail Store ETFScore 40

Our read on each fund

ETF.net Research

EFUCProShares UltraShort MSCI EAFE

SVXYBProShares Short VIX Short-Term Futures ETF

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.

SVXY Short volatility, half dose. SVXY targets one-half the inverse of a VIX short-term futures index each day, a deliberately de-tuned take on the short-vol trade, and it has run that mandate since 2011.

Stated mandate

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

SVXY SVXY seeks daily results equal to one-half the inverse of the S&P 500 VIX Short-Term Futures Index. Its objective is measured daily, so returns over longer periods can differ from the stated daily target.

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.
  • SVXY The half-strength design is the whole idea: a -0.5x daily target rather than full inverse, so a jump in VIX futures lands with half the force of a one-for-one short.proshares.com
  • 0.95% a year sits below the typical leveraged and inverse fund, and among that crowd this is one of the stronger implementations in its peer group.
  • Launched in 2011 and actively traded, so it has a long operating history and a working market for getting in and out.

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.
  • SVXY The objective resets daily. Hold longer and compounding takes over, so results over weeks or months can look nothing like half the inverse of the index.proshares.com
  • It is a commodity pool holding VIX futures, not a basket of stocks. Reporting and tax treatment follow different rules than a standard equity ETF.proshares.com
  • Pure price vehicle with no distribution stream, and volatility spikes arrive fast, which is exactly what a short-vol position is on the wrong side of.

Full EFU profile⁠

Full SVXY profile⁠

EFU vs SVXY 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 SVXY 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

  • SVXY 0.95%

    $17,869

$10,000
30 years

Cost over time

  • EFU 0.95%
  • SVXY 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 $17,869SVXY $17,869

Year by year

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

Expense ratio

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

EFU 6th cheapest of 53 funds

SVXY 6th cheapest of 53 funds

EFU vs SVXY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EFU 4.12%
SVXY No data
Payout (12M)
EFU $0.30
SVXY None
Last payment
EFU $0.08
SVXY No data
Ex-dividend
EFU Sep 23, 2026
SVXY No data
Paid on
EFU Sep 29, 2026
SVXY No data
Frequency
EFU Quarterly
SVXY No data

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$0.252017202020232026YTD
SVXYAll SVXY payments⁠

No distribution history available.

EFU vs SVXY Risk

Fall from peak · 5 years

  • EFU
  • SVXY
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%, betterSVXY 26.5%
Return per unit of riskSharpe ratio, 3 years
EFU −1.45SVXY 0.42, better
Worst fallMax drawdown, 5 years
EFU −77.4%SVXY −46.4%, better
Market sensitivityBeta, 5 years
EFU −1.23SVXY 1.32

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