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EFZ vs PSQ

ProShares Short MSCI EAFE

EFZCNYSE Arca

ProShares Short QQQ

PSQBNYSE Arca

Overlap

Expense ratio

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

EFZ0.95%PSQ0.95%

Avg volume · 30D

PSQ 1601.7×the volume

EFZ8.11KPSQ13M

10Y return · a year

EFZ +10.0pt

EFZ−8.0%PSQ−18.0%

EFZ vs PSQ Performance

Oct 29, 2021 – Oct 30, 2026

−22.8%EFZ−42.7%PSQ

Oct 29, 2021 to Oct 30, 2026. EFZ −22.8%. PSQ −42.7%. Use the arrow keys to read each point.0%20%Oct 2021Apr 2024Oct 2026
Expense ratio
EFZ 0.95%
PSQ 0.95%
Fund size
EFZ $10M
PSQ $611M
1Y total return
EFZ −8.7%
PSQ −7.0%, better
Yield (12M)
EFZ 3.67%
PSQ 3.90%, better
Holdings
EFZ 2
PSQ 4
Avg volume (30D)
EFZ 8.11K sh
PSQ 13M sh, better
NAV per share
EFZ $23.21
PSQ $26.64
52W range

ETF.net Grade

EFZ: Cost 50, Risk 63, Mission not scored, Tradability 44, Holdings 46, Durability 54. PSQ: Cost 50, Risk 59, Mission 98, Tradability 98, Holdings 55, Durability 72.
Pillar letters and Scores for EFZ, PSQ, with each pillar’s weight
PillarEFZPSQ
Cost30% weightC50C50
Mission25% weightNot scoredA98
Risk15% weightB63HigherB59
Tradability15% weightC44A98Higher
Holdings10% weightC46B55Higher
Durability5% weightC54A72Higher

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. EFZ 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 EFZ 21st 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 17CTWMProShares UltraShort Russell2000Score 52
  6. Rank 21CEFZProShares Short MSCI EAFEScore 51
  7. Rank 21CQQQDDirexion Daily Magnificent 7 Bear 1X ETFScore 51

Our read on each fund

ETF.net Research

EFZCProShares Short MSCI EAFE

PSQBProShares Short QQQ

In short

EFZ Most inverse ETFs aim at the S&P or the Nasdaq. EFZ aims overseas: a straight -1x of the MSCI EAFE Index's daily move, no leverage stacked on top, running since 2007.

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

EFZ EFZ seeks daily investment results corresponding to the inverse (-1x) of the daily performance of the MSCI EAFE Index, before fees and expenses.

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

  • EFZ A one-day inverse on developed markets outside the US and Canada: Europe, Japan, Australasia. The trade rides their session, not America's.proshares.com
  • Straight -1x, no gearing stacked on top, so the daily-reset drift that hits -2x and -3x funds is much milder here.proshares.com
  • 0.95% net of a waiver through September 30, 2027 (1.70% gross), near the category norm and matching the net fee on DOG, PSQ and RWM, each waived to the same date.
  • Trading since 2007, through the crisis and every scare since, and it stands in the upper half of its inverse peer group.
  • 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

  • EFZ The objective resets every day. Over longer holds the result depends on the index's path, not just its net move.
  • EAFE markets close hours before the US bell, and ProShares notes the index isn't priced at the US close, so a day's move can look out of sync.proshares.com
  • One of the lighter-traded corners of the inverse lineup, so spreads and limit orders matter more than with the big US index shorts.
  • 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 EFZ profile⁠

Full PSQ profile⁠

EFZ 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.

EFZ vs PSQ Cost

Same expense ratio

$17,869

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

  • EFZ 0.95%

    $17,869

  • PSQ 0.95%

    $17,869

$10,000
30 years

Cost over time

  • EFZ 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$20K051015202530EFZ $17,869PSQ $17,869

Year by year

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

Expense ratio

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

EFZ 6th cheapest of 53 funds

PSQ 6th cheapest of 53 funds

EFZ vs PSQ Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EFZ 3.67%
PSQ 3.90%, better
Payout (12M)
EFZ $0.85
PSQ $1.04
Last payment
EFZ $0.23
PSQ $0.26
Ex-dividend
EFZ Sep 23, 2026
PSQ Sep 23, 2026
Paid on
EFZ Sep 29, 2026
PSQ Sep 29, 2026
Frequency
EFZ Quarterly
PSQ Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EFZQuarterly · 23 paymentsAll EFZ payments⁠
One bar per payment. 23 payments from 2017 to 2026 YTD. Sep 26, 2018 $0.05; Dec 26, 2018 $0.15; Mar 20, 2019 $0.17; Jun 25, 2019 $0.19; Sep 25, 2019 $0.18; Dec 24, 2019 $0.22; Mar 25, 2020 $0.02; Dec 22, 2022 $0.23; Mar 22, 2023 $0.24; Jun 21, 2023 $0.37; Sep 20, 2023 $0.43; Dec 20, 2023 $0.56; Mar 20, 2024 $0.27; Jun 26, 2024 $0.47; Sep 25, 2024 $0.63; Dec 23, 2024 $0.40; Mar 26, 2025 $0.26; Jun 25, 2025 $0.30; Sep 24, 2025 $0.30; Dec 24, 2025 $0.30; Mar 25, 2026 $0.06; Jun 24, 2026 $0.26; Sep 23, 2026 $0.23. 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

EFZ vs PSQ Risk

Fall from peak · 5 years

  • EFZ
  • PSQ
Oct 29, 2021 to Oct 30, 2026. Worst fall: PSQ −61.5% · Oct 2026. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
EFZ 11.8%, betterPSQ 16.8%
Return per unit of riskSharpe ratio, 3 years
EFZ −1.42PSQ −1.33, better
Worst fallMax drawdown, 5 years
EFZ −45.6%, betterPSQ −61.5%
Market sensitivityBeta, 5 years
EFZ −0.62PSQ −1.18

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