- ISIN
- US74347X7084
- CUSIP
- 74347X708
- Issuer
- ProShares
- Inception Date
- Jun 2, 2009
- Region
- Developed Asia Pacific (Japan)
- Category
- Leveraged Equities, Japan Equities
- Leveraged
- 2x
- Index Tracked
- MSCI Japan Index (200%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $14M
Share Price Chart
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Performance
EZJ Performance Chart
ProShares Ultra MSCI Japan (EZJ) is up 37.9% since the beginning of the year. EZJ is currently trading at $71 per share. Investors who bought $1,000 worth of EZJ shares 5 years ago would now be looking at an investment worth $1,627.
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Returns By Period
ProShares Ultra MSCI Japan (EZJ) has returned 37.91% so far this year and 79.26% over the past 12 months. Over the last ten years, EZJ has returned 12.00% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
ProShares Ultra MSCI Japan
- 1D
- 1.29%
- 1M
- 12.29%
- YTD
- 37.91%
- 6M
- 38.80%
- 1Y
- 79.26%
- 3Y*
- 30.10%
- 5Y*
- 10.23%
- 10Y*
- 12.00%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
EZJ Monthly Returns History
Based on dividend-adjusted daily data since Jun 5, 2009, EZJ's average daily return is +0.06%, while the average monthly return is +1.03%. At this rate, an investment would double in approximately 5.6 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2022 with a return of +23.4%, while the worst month was Mar 2011 at -21.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, EZJ closed higher 49% of trading days. The best single day was Apr 9, 2025 with a return of +15.0%, while the worst single day was Mar 12, 2020 at -21.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 12.04% | 14.95% | -17.80% | 10.48% | 7.90% | 9.27% | 37.91% | ||||||
| 2025 | 2.83% | -0.05% | -0.52% | 6.33% | 6.73% | 2.96% | -4.53% | 12.14% | 4.55% | 7.16% | -1.80% | 1.43% | 42.72% |
| 2024 | 5.46% | 8.74% | 5.62% | -11.67% | 3.59% | -1.40% | 7.46% | 1.35% | -2.18% | -10.46% | 3.95% | -4.67% | 3.31% |
| 2023 | 15.15% | -9.75% | 8.92% | 0.16% | 0.50% | 9.65% | 4.11% | -6.47% | -4.95% | -5.30% | 11.67% | 6.96% | 30.78% |
| 2022 | -9.53% | -3.24% | -4.54% | -16.27% | 2.92% | -15.15% | 12.69% | -9.75% | -18.18% | 4.10% | 23.41% | -5.44% | -38.23% |
| 2021 | -2.17% | 3.62% | 0.52% | -3.99% | 3.51% | -2.06% | -1.28% | 3.32% | 5.02% | -5.83% | -6.25% | 4.54% | -1.96% |
Benchmark Metrics
ProShares Ultra MSCI Japan has an annualized alpha of -4.30%, beta of 1.39, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since June 05, 2009.
- This ETF participated in 145.09% of S&P 500 Index downside but only 124.98% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.46 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -4.30%
- Beta
- 1.39
- R²
- 0.46
- Upside Capture
- 124.98%
- Downside Capture
- 145.09%
Expense Ratio
EZJ has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
EZJ ranks 57 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares Ultra MSCI Japan (EZJ) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EZJ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 2.78 | +0.19 |
| Martin ratioReturn relative to average drawdown | 8.99 | 12.44 | -3.45 |
Dividends
Dividend History
ProShares Ultra MSCI Japan provided a 1.50% dividend yield over the last twelve months, with an annual payout of $1.06 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.06 | $0.59 | $0.77 | $0.40 | $0.16 | $0.00 | $0.00 | $0.09 | $1.29 |
Dividend yield | 1.50% | 1.13% | 2.09% | 1.11% | 0.56% | 0.00% | 0.00% | 0.24% | 4.49% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Ultra MSCI Japan. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.00 | $0.52 | ||||||
| 2025 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.29 | $0.59 |
| 2024 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.32 | $0.77 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.26 | $0.40 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 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 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares Ultra MSCI Japan. 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 Ultra MSCI Japan was 58.63%, occurring on Oct 20, 2022. Recovery took 757 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -58.63%Oct 2022 | 1y 1mo | 3y 9d | 4y 1moSep 2021 - Oct 2025 |
COVID crash2020 | -57.65%Mar 2020 | 2y 1mo | 9mo 28d | 2y 11moJan 2018 - Jan 2021 |
2012 bear market2012 | -47.07%Jun 2012 | 1y 3mo | 11mo 11d | 2y 2moFeb 2011 - May 2013 |
2016 bear market2016 | -41.40%Feb 2016 | 9mo 18d | 1y 3mo | 2y 1moApr 2015 - Jun 2017 |
2010 bear market2010 | -27.34%Jun 2010 | 1mo 22d | 6mo 18d | 8mo 10dApr 2010 - Dec 2010 |
Drawdown Indicators
| EZJ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.63% | -56.78% | -1.85% |
Max Drawdown (1Y)Largest decline over 1 year | -26.78% | -9.10% | -17.68% |
Max Drawdown (3Y)Largest decline over 3 years | -31.48% | -18.90% | -12.58% |
Max Drawdown (5Y)Largest decline over 5 years | -58.63% | -25.43% | -33.20% |
Max Drawdown (10Y)Largest decline over 10 years | -58.63% | -33.92% | -24.71% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -21.24% | -10.71% | -10.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.85% | 2.03% | +6.82% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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