{"url":"https://etfiq.com/compare/leverage/efo-vs-efu","section":"compare","title":"EFO vs EFU: which held to its multiple? | ETFIQ","description":"EFO sets out to return +2 times EFA each day and EFU -2 times. Over the three months to Sep 30, 2026 they finished \u22121.9 pts and +0.3 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, EFO or EFU?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, EFO finished 1.9 points from what its multiple implies and EFU finished 0.3 points from its own, so EFU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are EFO and EFU levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on developed markets outside the US, EFO at +2 times and EFU at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, EFO or EFU?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window EFO\u2019s moved at 13% annualized and EFU\u2019s at 13%, so EFO has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold EFO or EFU for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, EFO or EFU?","acceptedAnswer":{"@type":"Answer","text":"EFO charges 0.95% a year and EFU charges 0.95%, so EFO is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"EFO vs EFU","item":"https://etfiq.com/compare/leverage/efo-vs-efu"}]},{"@type":"WebPage","name":"EFO vs EFU: which held to its multiple?","description":"EFO sets out to return +2 times EFA each day and EFU -2 times. Over the three months to Sep 30, 2026 they finished \u22121.9 pts and +0.3 pts away.","url":"https://etfiq.com/compare/leverage/efo-vs-efu","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, EFO finished 1.5 points short and EFU 1.5 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of EFO and EFU","description":"EFO sets out to return +2 times EFA each day and EFU -2 times. Over the three months to Sep 30, 2026 they finished \u22121.9 pts and +0.3 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/efo-vs-efu","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6889,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / EFO vs EFU \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n EFO vs EFU: which held to its multiple?\n\n Over three months against its own daily promise, EFO finished 1.5 points short and EFU 1.5 points over.\n Copy this for sharing \n \n ProShares Ultra MSCI EAFE and ProShares UltraShort MSCI EAFE.\n\n Download as PDF \n\n \u22120.3% EFO returned, 3 months \n \u22121.4% EFU returned, 3 months \n \u22121.9 pts EFO from its stated multiple \n +0.3 pts EFU from its stated multiple \n\n ETFIQ Decay Resistance Score: EFO scores higher\n Did it keep up with its own d","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/efo-vs-efu","a":{"ticker":"EFO","name":"ProShares Ultra MSCI EAFE","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: EFO returned \u22120.3% where its own daily promise gave +1.3%, 1.5 points short.","url":"https://etfiq.com/funds/efo","key_facts":[{"label":"What EFA did","value":"+0.8%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+1.3%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22120.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$27m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"b":{"ticker":"EFU","name":"ProShares UltraShort MSCI EAFE","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: EFU returned \u22121.4% where its own daily promise gave \u22122.9%, 1.5 points over.","url":"https://etfiq.com/funds/efu","key_facts":[{"label":"What EFA did","value":"+0.8%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u22122.9%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22121.4%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$1m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/efo-vs-efu"}