BZQ vs. EWZ
Compare and contrast key facts about ProShares UltraShort MSCI Brazil Capped (BZQ) and iShares MSCI Brazil ETF (EWZ).
BZQ and EWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BZQ is a passively managed fund by ProShares that tracks the performance of the MSCI Brazil 25-50 (-200%). It was launched on Jun 16, 2009. EWZ is a passively managed fund by iShares that tracks the performance of the MSCI Brazil 25/50 Index. It was launched on Jul 10, 2000. Both BZQ and EWZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BZQ or EWZ.
Key characteristics
| BZQ | EWZ | |
|---|---|---|
| YTD Return | 34.47% | -14.40% |
| 1Y Return | -9.90% | 4.02% |
| 3Y Return (Ann) | -25.65% | 5.78% |
| 5Y Return (Ann) | -32.85% | -0.40% |
| 10Y Return (Ann) | -31.73% | 0.21% |
| Sharpe Ratio | -0.31 | 0.27 |
| Sortino Ratio | -0.18 | 0.53 |
| Omega Ratio | 0.98 | 1.06 |
| Calmar Ratio | -0.13 | 0.12 |
| Martin Ratio | -0.63 | 0.50 |
| Ulcer Index | 20.14% | 11.12% |
| Daily Std Dev | 41.13% | 20.86% |
| Max Drawdown | -99.61% | -77.27% |
| Current Drawdown | -99.47% | -42.48% |
Correlation
The correlation between BZQ and EWZ is -1.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BZQ vs. EWZ - Performance Comparison
In the year-to-date period, BZQ achieves a 34.47% return, which is significantly higher than EWZ's -14.40% return. Over the past 10 years, BZQ has underperformed EWZ with an annualized return of -31.73%, while EWZ has yielded a comparatively higher 0.21% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BZQ vs. EWZ - Expense Ratio Comparison
BZQ has a 0.95% expense ratio, which is higher than EWZ's 0.59% expense ratio.
Risk-Adjusted Performance
BZQ vs. EWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI Brazil Capped (BZQ) and iShares MSCI Brazil ETF (EWZ). 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.
Dividends
BZQ vs. EWZ - Dividend Comparison
BZQ's dividend yield for the trailing twelve months is around 3.90%, less than EWZ's 7.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BZQ ProShares UltraShort MSCI Brazil Capped | 3.90% | 4.51% | 0.22% | 0.00% | 0.21% | 2.13% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EWZ iShares MSCI Brazil ETF | 7.37% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.07% | 3.77% | 3.22% |
Drawdowns
BZQ vs. EWZ - Drawdown Comparison
The maximum BZQ drawdown since its inception was -99.61%, which is greater than EWZ's maximum drawdown of -77.27%. Use the drawdown chart below to compare losses from any high point for BZQ and EWZ. For additional features, visit the drawdowns tool.
Volatility
BZQ vs. EWZ - Volatility Comparison
ProShares UltraShort MSCI Brazil Capped (BZQ) has a higher volatility of 10.71% compared to iShares MSCI Brazil ETF (EWZ) at 5.61%. This indicates that BZQ's price experiences larger fluctuations and is considered to be riskier than EWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.