BZQ vs. PST
BZQ (ProShares UltraShort MSCI Brazil Capped) and PST (ProShares UltraShort 7-10 Year Treasury) are both exchange-traded funds - BZQ is a Leveraged Equities fund tracking the MSCI Brazil 25-50 (-200%), while PST is a Inverse Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index. Both are passively managed. Over the past 10 years, BZQ returned -36.94%/yr vs 2.41%/yr for PST. At a correlation of -0.12, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
BZQ vs. PST - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BZQ achieves a -22.71% return, which is significantly lower than PST's 4.33% return. Over the past 10 years, BZQ has underperformed PST with an annualized return of -36.94%, while PST has yielded a comparatively higher 2.41% annualized return.
BZQ
- 1D
- -0.71%
- 1M
- 28.30%
- YTD
- -22.71%
- 6M
- -15.11%
- 1Y
- -49.29%
- 3Y*
- -24.58%
- 5Y*
- -22.10%
- 10Y*
- -36.94%
PST
- 1D
- -0.23%
- 1M
- 0.90%
- YTD
- 4.33%
- 6M
- 5.79%
- 1Y
- 2.37%
- 3Y*
- 5.48%
- 5Y*
- 9.16%
- 10Y*
- 2.41%
BZQ vs. PST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BZQ ProShares UltraShort MSCI Brazil Capped | -22.71% | -57.90% | 98.84% | -49.11% | -44.20% | 6.45% | -52.88% | -48.20% | -21.52% | -49.73% |
PST ProShares UltraShort 7-10 Year Treasury | 4.33% | -4.42% | 12.27% | 3.17% | 38.55% | 4.01% | -18.67% | -11.03% | 1.72% | -4.52% |
Correlation
The correlation between BZQ and PST is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2009 | -0.12 |
The correlation between BZQ and PST shifts across timeframes, from -0.12 (all time) to 0.19 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BZQ vs. PST — Risk / Return Rank
BZQ
PST
BZQ vs. PST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI Brazil Capped (BZQ) and ProShares UltraShort 7-10 Year Treasury (PST). 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 | PST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.05 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 0.33 | -1.09 |
| Martin ratioReturn relative to average drawdown | -1.23 | 0.57 | -1.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BZQ | PST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | 0.25 | -1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | 0.59 | -0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.55 | 0.18 | -0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.45 | -0.38 | -0.07 |
Drawdowns
BZQ vs. PST - Drawdown Comparison
The maximum BZQ drawdown since its inception was -99.82%, which is greater than PST's maximum drawdown of -79.25%. Use the drawdown chart below to compare losses from any high point for BZQ and PST.
Loading charts...
Drawdown Indicators
| BZQ | PST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.82% | -79.25% | -20.57% |
Max Drawdown (1Y)Largest decline over 1 year | -65.20% | -7.25% | -57.95% |
Max Drawdown (3Y)Largest decline over 3 years | -77.31% | -16.19% | -61.12% |
Max Drawdown (5Y)Largest decline over 5 years | -88.65% | -16.19% | -72.46% |
Max Drawdown (10Y)Largest decline over 10 years | -99.33% | -36.07% | -63.26% |
Current DrawdownCurrent decline from peak | -99.75% | -64.21% | -35.54% |
Average DrawdownAverage peak-to-trough decline | -84.54% | -61.48% | -23.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.12% | 4.16% | +35.96% |
Volatility
BZQ vs. PST - Volatility Comparison
ProShares UltraShort MSCI Brazil Capped (BZQ) has a higher volatility of 15.01% compared to ProShares UltraShort 7-10 Year Treasury (PST) at 3.18%. This indicates that BZQ's price experiences larger fluctuations and is considered to be riskier than PST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BZQ | PST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.01% | 3.18% | +11.83% |
Volatility (6M)Calculated over the trailing 6-month period | 41.06% | 6.75% | +34.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.61% | 9.62% | +39.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.23% | 15.59% | +39.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.92% | 13.32% | +53.60% |
BZQ vs. PST - Expense Ratio Comparison
Both BZQ and PST have an expense ratio of 0.95%.
Dividends
BZQ vs. PST - Dividend Comparison
BZQ's dividend yield for the trailing twelve months is around 7.14%, more than PST's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BZQ ProShares UltraShort MSCI Brazil Capped | 7.14% | 5.96% | 3.26% | 4.51% | 0.22% | 0.00% | 0.21% | 2.13% | 0.28% |
PST ProShares UltraShort 7-10 Year Treasury | 3.09% | 3.47% | 3.61% | 3.69% | 0.02% | 0.00% | 0.11% | 1.85% | 0.66% |
Frequently Asked Questions
BZQ and PST have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BZQ has higher volatility (15.01%) compared to PST (3.18%). In terms of maximum drawdown, BZQ dropped -99.82% vs PST's -79.25%.
On 10-year performance, PST leads with 2.41% vs -36.94% for BZQ. Both ETFs have the same 0.95% expense ratio. On volatility, PST has been the lower-risk option at 3.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PST has performed better with a 2.41% return vs -36.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BZQ and PST have the same expense ratio: 0.95% per year.
BZQ has the higher dividend yield at 7.14%, compared with 3.09% for PST.
BZQ is categorized as Leveraged Equities, while PST is Inverse Bonds. BZQ tracks MSCI Brazil 25-50 (-200%), while PST tracks ICE U.S. Treasury 7-10 Year Bond Index.
PST currently has the higher Sharpe Ratio (0.25 vs -1.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for BZQ and PST
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer