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EFZ vs SVXY

ProShares Short MSCI EAFE

EFZCNYSE 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.

EFZ0.95%SVXY0.95%

Avg volume · 30D

SVXY 183.7×the volume

EFZ8.11KSVXY1.49M

10Y return · a year

SVXY +6.3pt

EFZ−8.0%SVXY−1.7%

EFZ vs SVXY Performance

Oct 29, 2021 – Oct 30, 2026

−22.8%EFZ+96.6%SVXY

Oct 29, 2021 to Oct 30, 2026. EFZ −22.8%. SVXY +96.6%. Use the arrow keys to read each point.0%25%50%75%Oct 2021Apr 2024Oct 2026
Expense ratio
EFZ 0.95%
SVXY 0.95%
Fund size
EFZ $10M
SVXY $201M
1Y total return
EFZ −8.7%
SVXY +21.9%, better
Yield (12M)
EFZ 3.67%
SVXY No data
Holdings
EFZ 2
SVXY 1
Avg volume (30D)
EFZ 8.11K sh
SVXY 1.49M sh, better
NAV per share
EFZ $23.21
SVXY $60.55
52W range

ETF.net Grade

EFZ: Cost 50, Risk 63, Mission not scored, Tradability 44, Holdings 46, Durability 54. SVXY: Cost 50, Risk 75, Mission not scored, Tradability 84, Holdings not scored, Durability 76.
Pillar letters and Scores for EFZ, SVXY, with each pillar’s weight
PillarEFZSVXY
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightB63A75Higher
Tradability15% weightC44A84Higher
Holdings10% weightC46Not scored
Durability5% weightC54A76Higher

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

Our read on each fund

ETF.net Research

EFZCProShares Short MSCI EAFE

SVXYBProShares Short VIX Short-Term Futures ETF

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.

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

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

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

  • 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.
  • 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

  • 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.
  • 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 EFZ profile⁠

Full SVXY profile⁠

EFZ 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.

EFZ vs SVXY 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

  • SVXY 0.95%

    $17,869

$10,000
30 years

Cost over time

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

Year by year

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

Expense ratio

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

EFZ 6th cheapest of 53 funds

SVXY 6th cheapest of 53 funds

EFZ vs SVXY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EFZ 3.67%
SVXY No data
Payout (12M)
EFZ $0.85
SVXY None
Last payment
EFZ $0.23
SVXY No data
Ex-dividend
EFZ Sep 23, 2026
SVXY No data
Paid on
EFZ Sep 29, 2026
SVXY No data
Frequency
EFZ Quarterly
SVXY No data

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$0.502017202020232026YTD
SVXYAll SVXY payments⁠

No distribution history available.

EFZ vs SVXY Risk

Fall from peak · 5 years

  • EFZ
  • SVXY
Oct 29, 2021 to Oct 30, 2026. Worst fall: EFZ −45.6% · Aug 2026. Use the arrow keys to read each point.−50%−40%−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
EFZ 11.8%, betterSVXY 26.5%
Return per unit of riskSharpe ratio, 3 years
EFZ −1.42SVXY 0.42, better
Worst fallMax drawdown, 5 years
EFZ −45.6%, betterSVXY −46.4%
Market sensitivityBeta, 5 years
EFZ −0.62SVXY 1.32

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