EFZ vs IVV
ProShares Short MSCI EAFE vs iShares Core S&P 500 ETF
Which is better, EFZ or IVV?
Opposite sides of the same exposure.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.81, so holding both offsets the exposure while paying both fees.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EFZ | IVV |
|---|---|---|
| Expense Ratio | 0.95% | 0.03%Best |
| AUM | $10M | $876.4B |
| Dividend Yield | 4.09% | 1.06% |
| Holdings | 6 | 508 |
| YTD Return | -7.63% | +12.39%Best |
| 1Y Return | -11.58% | +16.61%Best |
| 3Y Return (annualized) | -11.16% | +21.38%Best |
| 5Y Return (annualized) | -6.13% | +13.51%Best |
| Volatility (annualized) | 17.5% | 15.7%Best |
| Max Drawdown | -90.3% | -56.0%Best |
| $10,000 over 5 years | $7,288 | $18,844Best |
| Fund Family | ProShares | iShares by BlackRock (US) |
| Category | Alternative | Equity |
| Style | Trading-Inverse Equity | Large Cap Blend |
| Inception | Oct 23, 2007 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 25, 2007 to Sep 18, 2026 (18.9 years).
EFZ vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 18.9 years both funds cover.
EFZ vs IVV Performance
ProShares Short MSCI EAFE (EFZ) is an ETF from ProShares and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year EFZ returned -11.58% while IVV returned +16.61%. Year to date, EFZ is down 7.63% versus a gain of 12.39% for IVV.
Over three years, EFZ compounded at -11.16% per year against +21.38% for IVV; over five years the annualized figures are -6.13% and +13.51% respectively. Across the full 19-year window we track, IVV has the edge at +9.38% annualized vs -8.42%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EFZ has been the more volatile fund, with annualized monthly volatility of 17.5% compared with 15.7% 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 -90.3% for EFZ and -56.0% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.81. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
EFZ 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, EFZ currently yields 4.09% against 1.06% for IVV.
Holdings Overlap
We hold position weights for 1 holding in EFZ and 490 in IVV, totalling 88.9% and 99.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in EFZ and 490 in IVV, against full books of 6 and 508.
You are not choosing between two funds in isolation.
Whichever of EFZ and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EFZ or IVV?
EFZ has an expense ratio of 0.95% while IVV charges 0.03%. IVV is the cheaper option, by $92 a year on a $10,000 investment.
Which performed better, EFZ or IVV?
Over the past year EFZ returned -11.58% vs +16.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (19 years), EFZ annualized -8.42% vs +9.38% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EFZ or IVV?
EFZ has been the more volatile fund at 17.5% annualized versus 15.7% for IVV. Worst drawdown: EFZ -90.3% vs IVV -56.0%.
Should I hold both EFZ and IVV?
EFZ and IVV have a monthly-return correlation of -0.81, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
Which pays a higher dividend, EFZ or IVV?
EFZ yields 4.09% while IVV yields 1.06%, so EFZ currently pays the higher dividend yield.
Is IVV better than EFZ?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.81, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.