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ProShares Ultra MSCI Japan (EZJ)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
US74347X7084
CUSIP
74347X708
Issuer
ProShares
Inception Date
Jun 2, 2009
Region
Developed Asia Pacific (Japan)
Leveraged
2x
Index Tracked
MSCI Japan Index (200%)
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

Performance Chart

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


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S&P 500 Index

Returns By Period

ProShares Ultra MSCI Japan (EZJ) has returned 5.86% so far this year and 47.76% over the past 12 months. Over the last ten years, EZJ has returned 9.61% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.


ProShares Ultra MSCI Japan

1D
6.61%
1M
-17.80%
YTD
5.86%
6M
12.98%
1Y
47.76%
3Y*
21.72%
5Y*
3.55%
10Y*
9.61%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jun 5, 2009, EZJ's average daily return is +0.05%, while the average monthly return is +0.92%. At this rate, your investment would double in approximately 6.3 years.

Historically, 57% of months were positive and 43% 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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202612.04%14.95%-17.80%5.86%
20252.83%-0.05%-0.52%6.33%6.73%2.96%-4.53%12.14%4.55%7.16%-1.80%1.43%42.72%
20245.46%8.74%5.62%-11.67%3.59%-1.40%7.46%1.35%-2.18%-10.46%3.95%-4.67%3.31%
202315.15%-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 -4.71%, beta of 1.38, and R² of 0.46 versus S&P 500 Index. Calculated based on daily prices since June 08, 2009.

  • This ETF participated in 147.51% of S&P 500 Index downside but only 124.97% 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
-4.71%
Beta
1.38
0.46
Upside Capture
124.97%
Downside Capture
147.51%

Expense Ratio

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


Return for Risk

Risk / Return Rank

EZJ ranks 61 for risk / return — better than 61% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


EZJ Risk / Return Rank: 6161
Overall Rank
EZJ Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
EZJ Sortino Ratio Rank: 6262
Sortino Ratio Rank
EZJ Omega Ratio Rank: 5959
Omega Ratio Rank
EZJ Calmar Ratio Rank: 6464
Calmar Ratio Rank
EZJ Martin Ratio Rank: 5959
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for ProShares Ultra MSCI Japan (EZJ) and compare them to a chosen benchmark (S&P 500 Index).


EZJBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.08

0.90

+0.19

Sortino ratio

Return per unit of downside risk

1.64

1.39

+0.25

Omega ratio

Gain probability vs. loss probability

1.22

1.21

+0.01

Calmar ratio

Return relative to maximum drawdown

1.69

1.40

+0.29

Martin ratio

Return relative to average drawdown

6.03

6.61

-0.57

Explore EZJ risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

ProShares Ultra MSCI Japan provided a 1.95% dividend yield over the last twelve months, with an annual payout of $1.06 per share.


0.00%1.00%2.00%3.00%4.00%$0.00$0.20$0.40$0.60$0.80$1.00$1.2020182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018
Dividend$1.06$0.59$0.77$0.40$0.16$0.00$0.00$0.09$1.29

Dividend yield

1.95%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.52$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.

The current ProShares Ultra MSCI Japan drawdown is 21.29%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-58.63%Sep 16, 2021277Oct 20, 2022757Oct 28, 20251034
-57.65%Jan 29, 2018536Mar 16, 2020207Jan 8, 2021743
-47.07%Feb 18, 2011324Jun 1, 2012233May 8, 2013557
-41.4%Apr 29, 2015200Feb 11, 2016329Jun 2, 2017529
-27.34%Apr 16, 201036Jun 7, 2010139Dec 22, 2010175

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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