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BZQ vs. EWZ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


BZQEWZ
YTD Return34.47%-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-0.310.27
Sortino Ratio-0.180.53
Omega Ratio0.981.06
Calmar Ratio-0.130.12
Martin Ratio-0.630.50
Ulcer Index20.14%11.12%
Daily Std Dev41.13%20.86%
Max Drawdown-99.61%-77.27%
Current Drawdown-99.47%-42.48%

Correlation

-0.50.00.51.0-1.0

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.


-20.00%-10.00%0.00%10.00%20.00%30.00%40.00%MayJuneJulyAugustSeptemberOctober
19.61%
-9.29%
BZQ
EWZ

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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.


BZQ
ProShares UltraShort MSCI Brazil Capped
Expense ratio chart for BZQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for EWZ: current value at 0.59% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.59%

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.


BZQ
Sharpe ratio
The chart of Sharpe ratio for BZQ, currently valued at -0.31, compared to the broader market0.002.004.00-0.31
Sortino ratio
The chart of Sortino ratio for BZQ, currently valued at -0.18, compared to the broader market0.005.0010.00-0.18
Omega ratio
The chart of Omega ratio for BZQ, currently valued at 0.98, compared to the broader market1.001.502.002.503.000.98
Calmar ratio
The chart of Calmar ratio for BZQ, currently valued at -0.13, compared to the broader market0.005.0010.0015.00-0.13
Martin ratio
The chart of Martin ratio for BZQ, currently valued at -0.63, compared to the broader market0.0020.0040.0060.0080.00100.00-0.63
EWZ
Sharpe ratio
The chart of Sharpe ratio for EWZ, currently valued at 0.27, compared to the broader market0.002.004.000.27
Sortino ratio
The chart of Sortino ratio for EWZ, currently valued at 0.53, compared to the broader market0.005.0010.000.53
Omega ratio
The chart of Omega ratio for EWZ, currently valued at 1.06, compared to the broader market1.001.502.002.503.001.06
Calmar ratio
The chart of Calmar ratio for EWZ, currently valued at 0.14, compared to the broader market0.005.0010.0015.000.14
Martin ratio
The chart of Martin ratio for EWZ, currently valued at 0.50, compared to the broader market0.0020.0040.0060.0080.00100.000.50

BZQ vs. EWZ - Sharpe Ratio Comparison

The current BZQ Sharpe Ratio is -0.31, which is lower than the EWZ Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of BZQ and EWZ, offering insights into how both instruments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00MayJuneJulyAugustSeptemberOctober
-0.31
0.27
BZQ
EWZ

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.


TTM20232022202120202019201820172016201520142013
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.


-100.00%-80.00%-60.00%-40.00%-20.00%MayJuneJulyAugustSeptemberOctober
-99.47%
-36.43%
BZQ
EWZ

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.


4.00%6.00%8.00%10.00%12.00%14.00%MayJuneJulyAugustSeptemberOctober
10.71%
5.61%
BZQ
EWZ