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ProShares UltraShort MSCI Brazil Capped (BZQ)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US74348A6736

CUSIP

74347G655

Issuer

ProShares

Inception Date

Jun 16, 2009

Region

Latin America (Brazil)

Leveraged

2x

Index Tracked

MSCI Brazil 25-50 (-200%)

Asset Class

Equity

Asset Class Size

Large-Cap

Asset Class Style

Blend

Expense Ratio

BZQ has a high expense ratio of 0.95%, indicating above-average management fees.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in ProShares UltraShort MSCI Brazil Capped, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


-100.00%0.00%100.00%200.00%300.00%400.00%500.00%600.00%December2025FebruaryMarchAprilMay
-99.37%
511.28%
BZQ (ProShares UltraShort MSCI Brazil Capped)
Benchmark (^GSPC)

Returns By Period

ProShares UltraShort MSCI Brazil Capped (BZQ) returned -30.31% year-to-date (YTD) and 21.46% over the past 12 months. Over the past 10 years, BZQ returned -32.14% annually, underperforming the S&P 500 benchmark at 10.31%.


BZQ

YTD

-30.31%

1M

-17.75%

6M

-1.10%

1Y

21.46%

5Y*

-35.15%

10Y*

-32.14%

^GSPC (Benchmark)

YTD

-4.26%

1M

11.24%

6M

-5.02%

1Y

8.55%

5Y*

14.02%

10Y*

10.31%

*Annualized

Monthly Returns

The table below presents the monthly returns of BZQ, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025-21.49%9.90%-13.77%-10.99%5.23%-30.31%
202412.78%-1.34%3.55%8.54%10.39%9.76%-3.07%-13.82%2.42%13.08%17.31%15.63%98.85%
2023-17.56%22.55%-2.19%-7.08%-4.40%-25.26%-9.03%19.36%0.84%5.51%-23.48%-12.26%-49.11%
2022-22.94%-8.86%-26.75%31.53%-17.19%46.98%-13.16%-11.57%2.68%-23.21%3.67%7.95%-44.20%
202113.26%11.81%-12.67%-12.93%-18.18%-12.03%13.93%3.31%24.38%16.56%-0.30%-9.71%6.45%
202015.72%27.54%31.27%-19.43%-23.48%-19.95%-24.30%16.43%11.38%2.92%-37.78%-21.60%-52.88%
2019-30.82%9.84%6.49%-2.84%-2.81%-12.49%-3.87%14.87%-6.13%-11.70%9.41%-22.65%-48.20%
2018-25.98%2.36%1.44%11.08%37.77%15.95%-22.89%19.87%-9.60%-33.62%-0.46%4.24%-21.52%
2017-19.54%-5.73%-1.66%0.22%0.15%3.37%-19.22%-11.24%-8.41%5.72%5.01%-10.89%-49.73%
20164.54%-12.99%-44.91%-24.21%29.93%-33.50%-19.16%-2.88%-4.31%-21.30%20.52%-3.95%-77.54%
20159.61%-7.94%22.28%-26.54%23.60%-7.78%26.83%27.86%20.71%-10.70%-2.05%11.86%97.85%
201428.06%-10.65%-18.73%-9.16%0.85%-9.88%-4.26%-19.61%47.35%-7.88%2.93%24.07%2.42%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of BZQ is 49, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of BZQ is 4949
Overall Rank
The Sharpe Ratio Rank of BZQ is 4848
Sharpe Ratio Rank
The Sortino Ratio Rank of BZQ is 6161
Sortino Ratio Rank
The Omega Ratio Rank of BZQ is 5454
Omega Ratio Rank
The Calmar Ratio Rank of BZQ is 3636
Calmar Ratio Rank
The Martin Ratio Rank of BZQ is 4646
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for ProShares UltraShort MSCI Brazil Capped (BZQ) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The current ProShares UltraShort MSCI Brazil Capped Sharpe ratio is 0.41. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of ProShares UltraShort MSCI Brazil Capped with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio0.001.002.003.00December2025FebruaryMarchAprilMay
0.44
0.44
BZQ (ProShares UltraShort MSCI Brazil Capped)
Benchmark (^GSPC)

Dividends

Dividend History

ProShares UltraShort MSCI Brazil Capped provided a 4.90% dividend yield over the last twelve months, with an annual payout of $0.65 per share. The fund has been increasing its distributions for 2 consecutive years.


0.00%1.00%2.00%3.00%4.00%5.00%$0.00$0.50$1.00$1.502018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM2024202320222021202020192018
Dividend$0.65$0.62$0.45$0.05$0.00$0.07$1.56$0.40

Dividend yield

4.90%3.26%4.51%0.22%0.00%0.21%2.13%0.28%

Monthly Dividends

The table displays the monthly dividend distributions for ProShares UltraShort MSCI Brazil Capped. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$0.10$0.00$0.00$0.10
2024$0.00$0.00$0.08$0.00$0.00$0.10$0.00$0.00$0.21$0.00$0.00$0.24$0.62
2023$0.00$0.00$0.10$0.00$0.00$0.12$0.00$0.00$0.11$0.00$0.00$0.13$0.45
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.05$0.05
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2020$0.00$0.00$0.07$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.07
2019$0.00$0.00$0.41$0.00$0.00$0.36$0.00$0.00$0.45$0.00$0.00$0.33$1.56
2018$0.00$0.00$0.00$0.40$0.40

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%December2025FebruaryMarchAprilMay
-99.46%
-8.35%
BZQ (ProShares UltraShort MSCI Brazil Capped)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the ProShares UltraShort MSCI Brazil Capped. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the ProShares UltraShort MSCI Brazil Capped was 99.61%, occurring on Dec 27, 2023. The portfolio has not yet recovered.

The current ProShares UltraShort MSCI Brazil Capped drawdown is 99.46%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-99.61%Jul 9, 20093641Dec 27, 2023
-15.19%Jun 23, 20095Jul 1, 20094Jul 8, 20099

Volatility

Volatility Chart

The current ProShares UltraShort MSCI Brazil Capped volatility is 17.05%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%December2025FebruaryMarchAprilMay
17.05%
11.43%
BZQ (ProShares UltraShort MSCI Brazil Capped)
Benchmark (^GSPC)