EFO vs IVV
ProShares Ultra MSCI EAFE vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. EFO delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | EFO | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.03% | |
| AUM | $29M | $865.2B | |
| Dividend Yield | 1.61% | 1.09% | |
| Holdings | 7 | 508 | |
| YTD Return | +22.23% | +13.72% | |
| 1Y Return | +39.31% | +21.64% | |
| 3Y Return (annualized) | +27.62% | +21.55% | |
| 5Y Return (annualized) | +9.12% | +13.27% | |
| Volatility (annualized) | 32.2% | 15.1% | |
| Max Drawdown | -63.7% | -56.5% | |
| Fund Family | ProShares | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 4, 2009 | May 15, 2000 |
EFO vs IVV Performance
ProShares Ultra MSCI EAFE (EFO) is a ETF from ProShares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EFO returned +39.31% while IVV returned +21.64%. Year to date, EFO is up 22.23% versus a gain of 13.72% for IVV.
Over three years, EFO compounded at +27.62% per year against +21.55% for IVV; over five years the annualized figures are +9.12% and +13.27% respectively. Across the full 17-year window we track, EFO has the edge at +9.01% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EFO has been the more volatile fund, with annualized monthly volatility of 32.2% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -63.7% for EFO and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EFO charges 0.95% per year while IVV charges 0.03%. On a $10,000 position that is $95 vs $3 annually, a gap of $92 per year that compounds over a long holding period. On income, EFO currently yields 1.61% against 1.09% for IVV.
Holdings Overlap
EFO and IVV share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EFO or IVV?
EFO has an expense ratio of 0.95% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, EFO or IVV?
Over the past year EFO returned +39.31% vs +21.64% for IVV, so EFO leads on 1-year performance. Over the longest common window we track (17 years), EFO annualized +9.01% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, EFO or IVV?
EFO has been the more volatile fund at 32.2% annualized versus 15.1% for IVV. Worst drawdown: EFO -63.7% vs IVV -56.5%.
Should I hold both EFO and IVV?
EFO and IVV have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EFO and IVV?
EFO and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, EFO or IVV?
EFO yields 1.61% while IVV yields 1.09%, so EFO currently pays the higher dividend yield.
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