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Beacon

EFOProShares Ultra MSCI EAFE

Take a bet17y track recordRanked #426 of 775 in this goal

Seeks daily investment results of 200% of the daily performance of the MSCI EAFE Index.

By ProShares · Launched 2009

Annual Cost

0.95%

#4,684 of 5,562 · expensive

Fund Size

$30M

#4,072 of 5,562 · small

Return (1Y)Goal

+41.7%

Track Record

17 years

#672 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$14,681+46.8%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

Global ex-US

Strategy

Leveraged

Index tracked

MSCI EAFE Index

What it actually holds

By weight

Concentration

Top 10 holdings = 70.1% of fundconcentrated

Repurchase Agreement
17.1%
Repurchase Agreement
11.9%
Repurchase Agreement
10.3%
N/A
6.8%
N/A
5.8%
Repurchase Agreement
4.1%
Repurchase Agreement
4.1%
N/A
3.4%
N/A
3.4%
Repurchase Agreement
3.1%

Asset allocation

Cash
71.6%
Stocks
28.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
31.5%High

Year-on-year price swings

Max drawdown
-63.5%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.73Decent risk-adjusted returns
Sortino (3Y)
1.07Good downside protection

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results of 200% of the daily performance of the MSCI EAFE Index.
Strategy
Invests primarily in financial instruments to achieve 2x daily exposure to the MSCI EAFE Index, which includes large and mid-cap companies from 21 developed markets excluding the U.S. and Canada. The Fund rebalances daily to maintain its target exposure.
Inception date
June 4, 2009
Fund family
ProShares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Leveraged ETF — not a long-term hold

This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.

Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Why we flagged this: strategy=leveraged + leveraged_name_or_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19