BZQ vs. BEG
BZQ (ProShares UltraShort MSCI Brazil Capped) and BEG (Leverage Shares 2X Long BE Daily ETF) are both Leveraged Equities funds. BZQ is passively managed, while BEG is actively managed. At a correlation of -0.37, they often move in opposite directions. BZQ charges 0.95%/yr vs 0.75%/yr for BEG.
Performance
BZQ vs. BEG - Performance Comparison
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Returns By Period
In the year-to-date period, BZQ achieves a -21.13% return, which is significantly lower than BEG's 658.88% return.
BZQ
- 1D
- 0.89%
- 1M
- 11.08%
- YTD
- -21.13%
- 6M
- -22.40%
- 1Y
- -45.58%
- 3Y*
- -19.62%
- 5Y*
- -21.05%
- 10Y*
- -36.28%
BEG
- 1D
- -13.66%
- 1M
- 4.00%
- YTD
- 658.88%
- 6M
- 577.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BZQ vs. BEG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BZQ ProShares UltraShort MSCI Brazil Capped | -21.13% | 4.14% |
BEG Leverage Shares 2X Long BE Daily ETF | 658.88% | 1.77% |
Correlation
The correlation between BZQ and BEG is -0.37, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025 | -0.37 |
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Return for Risk
BZQ vs. BEG — Risk / Return Rank
BZQ
BEG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BZQ vs. BEG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI Brazil Capped (BZQ) and Leverage Shares 2X Long BE Daily ETF (BEG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BZQ | BEG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.85 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | — | — |
| Martin ratioReturn relative to average drawdown | -1.10 | — | — |
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Drawdowns
BZQ vs. BEG - Drawdown Comparison
The maximum BZQ drawdown since its inception was -99.82%, which is greater than BEG's maximum drawdown of -59.85%. Use the drawdown chart below to compare losses from any high point for BZQ and BEG.
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Drawdown Indicators
| BZQ | BEG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.82% | -59.85% | -39.97% |
Max Drawdown (1Y)Largest decline over 1 year | -65.20% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -77.31% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -88.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.26% | — | — |
Current DrawdownCurrent decline from peak | -99.74% | -13.66% | -86.08% |
Average DrawdownAverage peak-to-trough decline | -84.56% | -16.74% | -67.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.49% | — | — |
Volatility
BZQ vs. BEG - Volatility Comparison
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Volatility by Period
| BZQ | BEG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.21% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 39.49% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 50.03% | 212.91% | -162.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.34% | 212.91% | -157.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.75% | 212.91% | -146.16% |
BZQ vs. BEG - Expense Ratio Comparison
BZQ has a 0.95% expense ratio, which is higher than BEG's 0.75% expense ratio.
Dividends
BZQ vs. BEG - Dividend Comparison
BZQ's dividend yield for the trailing twelve months is around 7.00%, while BEG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BEG Leverage Shares 2X Long BE Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BZQ ProShares UltraShort MSCI Brazil Capped | 7.00% | 5.96% | 3.26% | 4.51% | 0.22% | 0.00% | 0.21% | 2.13% | 0.28% |
Frequently Asked Questions
BZQ and BEG have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BEG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BEG is cheaper with a 0.75% expense ratio, compared with 0.95% for BZQ.
BZQ has the higher dividend yield at 7.00%, compared with 0.00% for BEG.
They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for BZQ and 0.75% for BEG.
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