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EFZProShares Short MSCI EAFE

Take a bet18y track recordRanked #372 of 775 in this goal

Seeks daily investment results that correspond to the inverse of the daily performance of the MSCI EAFE Index.

By ProShares · Launched 2007

Annual Cost

0.95%

#4,684 of 5,562 · expensive

Fund Size

$12M

#4,677 of 5,562 · small

Return (1Y)Goal

-16.6%

Track Record

18 years

#535 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$8,224-17.8%

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

Classification

How Beacon categorizes this fund

Asset class

Equity

Strategy

Inverse

Index tracked

MSCI EAFE Index

What it actually holds

By weight

Concentration

Top 10 holdings = 91.1% of fundconcentrated

Repurchase Agreement
27.4%
Repurchase Agreement
19.1%
Repurchase Agreement
16.6%
Repurchase Agreement
6.6%
Repurchase Agreement
6.6%
Repurchase Agreement
5.0%
Repurchase Agreement
5.0%
Repurchase Agreement
3.2%
Repurchase Agreement
1.7%
N/A
0.0%

Asset allocation

Cash
150.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
16.7%Moderate

Year-on-year price swings

Max drawdown
-61.9%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-0.82Below average
Sortino (3Y)
-1.12Moderate downside risk

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results that correspond to the inverse of the daily performance of the MSCI EAFE Index.
Strategy
Invests primarily in financial instruments to achieve inverse 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, using derivatives and money market instruments.
Inception date
October 23, 2007
Fund family
ProShares

Our take

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

Inverse
Warning

Inverse ETF — daily tool only

Delivers the inverse of the benchmark's daily return. The compounding path makes multi-day holding unpredictable even when the benchmark's total move goes your way. Legitimate as a one-day hedge; dangerous as a view.

Source: Cheng & Madhavan (2009)

Why we flagged this: strategy=inverse + inverse_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