ProShares Short MSCI EAFE

Price: $18.45
Change: $0.11 (-0.01%)
Category: Inverse Equities
Last Updated:


Issuer ProShares
Brand ProShares
Structure ETF
Expense Ratio 0.95%
ETF Home Page Home page
Inception Oct 23, 2007
Index Tracked MSCI EAFE Index (-100%)

Analyst Report

This ETF offers inverse exposure to an index comprised of securities from European Australasian, and Far Eastern markets, making it a potentially attractive option for investors looking to bet against this sector of the global economy. It’s important to note that EFZ is designed to deliver inverse results over a single trading session, with exposure resetting on a daily basis. Investors considering this ETF should understand how that nuance impacts the risk/return profile, and realize the potential for “return erosion” in volatile markets. EFZ should definitely not be found in a long-term, buy-and-hold portfolio, but may be a useful tool for more active investors looking to either hedge existing exposure or bet on a decline in EAFE equities. Investors also have the option of simply selling short a traditional EAFE fund, though that strategy will generally involve greater potential losses than utilizing an inverse ETF.

ETF Database Themes

Category Inverse Equities
Inverse Yes
Asset Class Equity
Asset Class Size Large-Cap
Asset Class Style Blend
Region (General) Developed Markets
Region (Specific) EAFE

FactSet Classifications

  • Segment Inverse Equity: Developed Markets Ex-North America - Total Market
  • Category Size and Style
  • Focus Total Market
  • Niche Broad-based
  • Strategy Vanilla
  • Weighting Scheme Market Cap

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $17.51
  • 52 Week Hi $21.46
  • AUM $14.4 M
  • Shares 0.8 M

Historical Trading Data

  • 1 Month Avg. Volume 26,914
  • 3 Month Avg. Volume 37,046

Alternative ETFs in the ETF Database Inverse Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPDN 0.50% $125.2 M 393,062 -21.50%
Largest (AUM) SH 0.90% $1.3 B 8 M -21.98%
Most Liquid (Volume) SH 0.90% $1.3 B 8 M -21.98%
Top YTD Performer YXI 0.95% $9.6 M 13,831 10.53%

Alternative ETFs in the FactSet Inverse Equity: Developed Markets Ex-North America - Total Market Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest EFU 0.95% $932,000.0 1,598 -18.66%
Largest (AUM) EFU 0.95% $932,000.0 1,598 -18.66%
Most Liquid (Volume) EFU 0.95% $932,000.0 1,598 -18.66%
Top YTD Performer EFU 0.95% $932,000.0 1,598 -18.66%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

EFZ ETF Database Category Average FactSet Segment Average
Number of Holdings 1 4 1
% of Assets in Top 10 100.00% 89.67% 100.00%
% of Assets in Top 15 100.00% 90.03% 100.00%
% of Assets in Top 50 100.00% 90.48% 100.00%

Size Comparison

EFZ ETF Database Category Average FactSet Segment Average
Large (>12.9B) 78.87% 21.78% 78.87%
Mid (>2.7B) 20.55% 7.66% 20.55%
Small (>600M) 0.58% 8.00% 0.58%
Micro (<600M) 0.00% 0.66% 0.00%

EFZ Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

EFZ Dividend

This section compares the dividend yield of this ETF to its peers.

EFZ ETF Database Category Average FactSet Segment Average
Dividend $ 0.01 $ 0.02 $ 0.01
Dividend Date 2020-03-25 N/A N/A
Annual Dividend Rate N/A N/A N/A
Annual Dividend Yield N/A N/A N/A

EFZ Price and Volume Charts

View charts featuring EFZ price and volume data.

EFZ Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: -2.67 M 3 Month Net Flows: 1.87 M 6 Month Net Flows: 4.69 M 1 Year Net Flows: -5.64 M 3 Year Net Flows: -14.51 M 5 Year Net Flows: -51.61 M 10 Year Net Flows: -148.95 M

EFZ Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for EFZ on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Inverse Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B+ n/a
Expenses C+ n/a

A+ Overall Rated ETF:

EFZ Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores

EFZ does not have an ESG score. There are no ESG themes that map to this ETF.

EFZ Performance

This section shows how this ETF has performed relative to its peers.

EFZ ETF Database
Category Average
Factset Segment
1 Month Return 4.01% -0.51% 6.15%
3 Month Return 3.19% -4.18% 4.81%
YTD Return -9.47% -17.75% -14.07%
1 Year Return -12.21% -19.96% -17.94%
3 Year Return -32.26% -42.91% -46.07%
5 Year Return -43.03% -43.81% -57.63%

Geographic Exposure

The following charts reflect the geographic spread of EFZ's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of EFZ's underlying holdings.

EFZ Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility
17 of 21

20 Day Volatility
18 of 21

50 Day Volatility
19 of 21

200 Day Volatility
17 of 20

4 of 21

Standard Deviation
15 of 18


  • 20 Day MA $17.79
  • 60 Day MA $17.94
  • MACD 15 Period 0.59
  • MACD 100 Period 0.45
  • Williams % Range 10 Day 14.45
  • Williams % Range 20 Day 13.38
  • RSI 10 Day 74
  • RSI 20 Day 63
  • RSI 30 Day 58
  • Ultimate Oscillator 70

Bollinger Bands

  • Lower Bollinger (10 Day) $17.34
  • Upper Bollinger (10 Day) $18.57
  • Lower Bollinger (20 Day) $17.24
  • Upper Bollinger (20 Day) $18.35
  • Lower Bollinger (30 Day) $17.36
  • Upper Bollinger (30 Day) $18.29

Support & Resistance

  • Support Level 1 $18.41
  • Support Level 2 $18.37
  • Resistance Level 1 $18.50
  • Resistance Level 2 $18.55


  • Stochastic Oscillator %D (1 Day) 40.34
  • Stochastic Oscillator %D (5 Day) 85.05
  • Stochastic Oscillator %K (1 Day) 45.93
  • Stochastic Oscillator %K (5 Day) 81.17

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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Analyst Report Authors

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