ProShares Short MSCI EAFE

10-Year Study

EFZ.US · · US · ETF

Executive Summary: ProShares Short MSCI EAFE has compounded at -8.3% annually over the last 10 years, with a maximum drawdown of 59.7% and an annualized volatility of 18.1%.

1Y CAGR
-15.0%
3Y CAGR
-10.7%
5Y CAGR
-5.5%
10Y CAGR
-8.3%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
59.7%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.83
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-1.50
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
14.5%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2018 · +16.3%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · -20.9%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
30%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-4.2-4.48.4-5.6————————-6.4%
2025-4.1-2.2-0.1-4.4-4.0-2.23.3-3.9-1.7-0.9-0.8-2.0-20.9%
20241.0-2.4-2.73.8-4.12.5-2.1-2.9-0.06.20.73.52.9%
2023-8.03.6-2.7-2.24.7-3.8-2.14.54.53.5-7.1-4.7-10.4%
20223.53.2-1.47.0-2.69.1-4.96.49.8-5.7-11.82.213.1%
20210.5-2.3-2.6-2.9-3.91.0-1.0-1.73.2-3.44.5-4.6-12.8%
20202.88.110.4-6.7-5.6-4.3-1.9-4.91.83.4-12.9-5.0-16.0%
2019-6.2-2.2-0.8-2.65.5-5.31.92.1-2.8-3.2-1.1-2.8-16.6%
2018-4.94.80.6-1.31.91.7-2.52.3-0.88.7-0.35.716.3%
2017-3.3-1.2-3.3-2.4-3.6-0.2-2.70.1-2.3-1.6-0.7-1.1-20.2%
2016———-2.2-0.21.3-4.0-0.6-1.62.21.7-2.8-6.0%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 18.1%. The dominant macroeconomic risk driver is VEA.US, accounting for 62.7% of variance. Idiosyncratic stock-specific factors contribute 0.3%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-019779.223619843835
2016-05-019763.39188067868
2016-06-019891.087355787091
2016-07-019499.564279985694
2016-08-019443.632412014067
2016-09-019293.473921028786
2016-10-019502.480652989803
2016-11-019664.408792170232
2016-12-019396.51910050724
2017-01-019090.369372528461
2017-02-018985.34522565436
2017-03-018692.944113266372
2017-04-018483.937381305353
2017-05-018177.787653326574
2017-06-018160.115821670734
2017-07-017942.290533244916
2017-08-017948.19271670561
2017-09-017768.627464595579
2017-10-017642.042988726829
2017-11-017586.111120755202
2017-12-017500.737772932586
2018-01-017135.705085251832
2018-02-017480.114849546399
2018-03-017527.228161053226
2018-04-017433.036256765812
2018-05-017571.390380829708
2018-06-017697.974856698457
2018-07-017503.688864662933
2018-08-017677.3519333122695
2018-09-017614.163851556615
2018-10-018277.152647823656
2018-11-018253.578632707122
2018-12-018720.198313364279
2019-01-018179.593027091022
2019-02-017999.402837908683
2019-03-017938.853379347218
2019-04-017731.509522648164
2019-05-018155.273757690401
2019-06-017720.472516074838
2019-07-017869.172456079251
2019-08-018035.715567747328
2019-09-017812.995436901535
2019-10-017562.310960307558
2019-11-017481.734256471488
2019-12-017275.787832741695
2020-01-017482.6388314387395
2020-02-018088.206079719565
2020-03-018927.14373644376
2020-04-018333.399534623615
2020-05-017865.601172917917
2020-06-017526.7477875101795
2020-07-017382.811103537561
2020-08-017022.96575146669
2020-09-017145.913117604775
2020-10-017391.804538845196
2020-11-016435.218497599268
2020-12-016111.358806487639
2021-01-016141.346857287008
2021-02-015997.408186692938
2021-03-015841.474957986273
2021-04-015670.550021604948
2021-05-015451.644203944634
2021-06-015505.621702072772
2021-07-015448.645398864696
2021-08-015358.684557502341
2021-09-015532.610285585053
2021-10-015346.689999389743
2021-11-015586.586128195316
2021-12-015331.69663619721
2022-01-015517.615597978218
2022-02-015694.539137830143
2022-03-015616.571530166084
2022-04-016012.402543196198
2022-05-015856.469314489532
2022-06-016390.240063539541
2022-07-016075.374469942697
2022-08-016465.2045617771855
2022-09-017097.933560740086
2022-10-016696.106924171549
2022-11-015904.448209147072
2022-12-016032.1628045598545
2023-01-015549.588945814056
2023-02-015748.650070699057
2023-03-015593.265149512804
2023-04-015471.871652452795
2023-05-015729.834778938817
2023-06-015509.609182428041
2023-07-015396.167468828314
2023-08-015641.447341765472
2023-09-015894.360807627212
2023-10-016102.214387949746
2023-11-015670.99502480992
2023-12-015405.839666464961
2024-01-015462.576912891794
2024-02-015330.1884594125
2024-03-015186.709691684285
2024-04-015383.753733589603
2024-05-015161.284248150183
2024-06-015290.246772937625
2024-07-015177.413958812558
2024-08-015029.119951791251
2024-09-015026.684684996183
2024-10-015335.917544572944
2024-11-015375.394030524765
2024-12-015562.594363141521
2025-01-015336.229444140716
2025-02-015216.388822848058
2025-03-015211.715295885123
2025-04-014983.366404262149
2025-05-014781.882594517934
2025-06-014676.357898503099
2025-07-014829.069158320192
2025-08-014642.4220997774755
2025-09-014563.796920413213
2025-10-014522.619886499534
2025-11-014488.3056363875385
2025-12-014398.862641016684
2026-01-014214.8534846570155
2026-02-014027.3722437671204
2026-03-014364.143888289026
2026-04-014117.6409319894865
Annual Return Matrix
YearAnnual Return
2017-0.2017535756908445
20180.16257874589780763
2019-0.16563963670515724
2020-0.1600416412658464
2021-0.12757591150805325
20220.13137772385756863
2023-0.10383060908459574
20240.02899728929235268
2025-0.20920664822081503
2026-0.06393055023018401
Total Factor Risk
0.1807284369272853
VTI.US Exposure
-0.056015036901638816
VEA.US Exposure
0.6274265570182762
VWO.US Exposure
0.0020648948441735304
QQQ.US Exposure
0.0015597642507297219
VTV.US Exposure
-0.011845916687606588
IJR.US Exposure
0.0017858884703462993
QUAL.US Exposure
0.04853020164021804
SHV.US Exposure
0.3671138427439238
TLT.US Exposure
-0.009890868484311052
LQD.US Exposure
0.02163386907320535
HYG.US Exposure
-0.0033265704438559056
GLD.US Exposure
-0.009034578547001473
USO.US Exposure
0.002741368863604447
VNQ.US Exposure
-0.010647702096075972
BTC-USD.CC Exposure
0.00046114439426442485
CPER.US Exposure
0.0007834188799806041
VIX.INDX Exposure
0.004942886536117396
UUP.US Exposure
0.020149478550168416
TIP.US Exposure
-0.001535646915658047
Idiosyncratic Exposure
0.00310300481113959
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
59.5
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
18.1%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →4.96%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$10
Avg Yield on Cost
0.10%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$10.420.10%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-2.7%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-7.5%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
21.7% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
-0.60
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is ProShares Short MSCI EAFE a high-risk investment?

ProShares Short MSCI EAFE (EFZ.US) has an annualized volatility of 18.1% and experienced a maximum drawdown of 59.7% over the last 10 years. Its primary macro risk driver is VEA.US.

What is the 10-year return of EFZ.US?

Over the past 10 years, EFZ.US has generated a Compound Annual Growth Rate (CAGR) of -8.3%. It has had a positive return in 30% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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