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ProShares Trust Short MSCI EAFE

EFZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 23 2007
Expense Ratio
0.95%
Type
Global Ex. US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$3,947,380
AUM
$81,622,187
Associated Index
MSCI EAFE Index
Inverse/Leveraged
Inverse (-1)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

n/a
Derivatives offset
100.13%
B 0 02/14/23
TREASURY BILL
61.20%
n/a
Net Other Assets (Liabilities)
38.80%
Invest with EFZ

What is EFZ?

Short MSCI EAFE ProShares seeks daily investment results before fees and expenses that correspond to the inverse (opposite) of the daily performance of the MSCI EAFE Index.

ETFs related toEFZ

ETFs correlated to EFZ include EPV, SEF, FAZ

EFZ
ProShares Trust - ProShares Short MSCI EAFE -1X Shares
EPV
ProShares Trust - ProShares UltraShort FTSE Europe -2X Shares
SEF
ProShares Trust - ProShares Short Financials -1x Shares
FAZ
Direxion Shares ETF Trust - Direxion Daily Financial Bear 3x Shares
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares
SH
ProShares Trust - ProShares Short S&P500 -1x Shares
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
DOG
ProShares Trust - ProShares Short Dow30 -1x Shares
SDOW
ProShares Trust - ProShares UltraPro Short Dow30 -3x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toEFZ

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with EFZ using Composer

FAQ

EFZ is a Global Ex. US Equities ETF. Short MSCI EAFE ProShares seeks daily investment results before fees and expenses that correspond to the inverse (opposite) of the daily performance of the MSCI EAFE Index.

The top holdings for EFZ include Derivatives offset, TREASURY BILL, and Net Other Assets (Liabilities).

EFZ has 7 total holdings.

EFZ tracks the MSCI EAFE Index.

No, EFZ is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, EFZ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on EFZ is -0.0394%. This is the percent change in the value of EFZ over the most recent 1-month period. The 3-month return on EFZ is -0.1441%. This is the percent change in the value of EFZ over the most recent 3-month period.

The standard deviation of EFZ for the past year is 0.2242%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to EFZ include EFU, EFO, and TNA.

ETFs correlated to EFZ include EPV, SEF, and FAZ.

ETFs that are inversely correlated to EFZ include EFA, IEFA, and BBIN.

Yes, EFZ is a Inverse (-1) ETF: This means that EFZ will try to match the performance of MSCI EAFE Index, but with 1x the returns.

Yes, EFZ is a Inverse (-1) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of MSCI EAFE Index, but move 1x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.