EFZ vs SPY
Comparison between ProShares Short MSCI EAFE -1X Shares (EFZ, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed EFZ, delivering a return of +13.3% compared to -5.0%
EFZ vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
EFZ vs SPY - Historical Returns
Returns include dividend reinvestment.
EFZ vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | EFZ | SPY |
|---|---|---|
| 2026 | -4.58% | +8.26% |
| 2025 | -21.27% | +18.00% |
| 2024 | +1.59% | +25.59% |
| 2023 | -9.72% | +26.72% |
| 2022 | +13.70% | -18.64% |
| 2021 | -12.38% | +30.52% |
| 2020 | -15.18% | +17.28% |
| 2019 | -16.68% | +31.09% |
| 2018 | +17.23% | -5.24% |
| 2017 | -19.67% | +20.78% |
| 2016 | -6.34% | +13.59% |
| 2015 | -3.43% | +1.31% |
| 2014 | +1.98% | +14.56% |
| 2013 | -18.85% | +29.00% |
| 2012 | -17.16% | +14.17% |
| 2011 | +3.73% | +0.85% |
| 2010 | -11.79% | +13.14% |
| 2009 | -29.66% | +22.67% |
| 2008 | +37.36% | -36.25% |
| 2007 | +3.65% | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
EFZ vs SPY Drawdown Comparison
The maximum drawdown for EFZ was -88.09%, occurring on Feb 25, 2026. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current EFZ drawdown is -87.60%. The current SPY drawdown is -2.90%.
| Rank | EFZ | SPY |
|---|---|---|
| #1 | -88.09% Mar 9, 2009 - Feb 25, 2026 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -25.68% Oct 27, 2008 - Mar 9, 2009 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -16.09% Oct 10, 2008 - Oct 27, 2008 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -12.93% Feb 8, 2008 - Jul 2, 2008 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -11.25% Sep 17, 2008 - Sep 29, 2008 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -5.93% Nov 19, 2007 - Dec 17, 2007 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -5.91% Jan 23, 2008 - Feb 7, 2008 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -5.26% Jul 15, 2008 - Aug 13, 2008 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -5.23% Sep 29, 2008 - Oct 6, 2008 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -3.30% Dec 17, 2007 - Jan 7, 2008 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -3.14% Oct 25, 2007 - Nov 7, 2007 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -2.98% Sep 9, 2008 - Sep 15, 2008 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -2.74% Aug 25, 2008 - Sep 4, 2008 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -2.24% Nov 12, 2007 - Nov 19, 2007 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -2.10% Sep 5, 2008 - Sep 9, 2008 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between EFZ and SPY is -0.76 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
Dividend Comparison (1999 - 2026)
EFZ vs SPY dividend yield comparison.
| Year | EFZ | SPY |
|---|---|---|
| 2026 | 0.25% | 0.24% |
| 2025 | 4.55% | 1.07% |
| 2024 | 5.29% | 1.21% |
| 2023 | 4.66% | 1.40% |
| 2022 | 0.57% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.04% | 1.52% |
| 2019 | 1.56% | 1.75% |
| 2018 | 0.34% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 19.87% | 3.02% |
| 2007 | 0.59% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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