EWV vs. BEG
EWV (ProShares UltraShort MSCI Japan) and BEG (Leverage Shares 2X Long BE Daily ETF) are both Leveraged Equities funds. EWV is passively managed, while BEG is actively managed. At a correlation of -0.28, they often move in opposite directions. EWV charges 0.95%/yr vs 0.75%/yr for BEG.
Performance
EWV vs. BEG - Performance Comparison
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Returns By Period
In the year-to-date period, EWV achieves a -27.73% return, which is significantly lower than BEG's 658.88% return.
EWV
- 1D
- 9.12%
- 1M
- -4.14%
- YTD
- -27.73%
- 6M
- -26.75%
- 1Y
- -46.22%
- 3Y*
- -28.99%
- 5Y*
- -17.97%
- 10Y*
- -20.50%
BEG
- 1D
- -13.66%
- 1M
- 4.00%
- YTD
- 658.88%
- 6M
- 577.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EWV vs. BEG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EWV ProShares UltraShort MSCI Japan | -27.73% | 2.68% |
BEG Leverage Shares 2X Long BE Daily ETF | 658.88% | 1.77% |
Correlation
The correlation between EWV and BEG is -0.28, 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 | -0.28 |
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Return for Risk
EWV vs. BEG — Risk / Return Rank
EWV
BEG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EWV vs. BEG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI Japan (EWV) 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.
| EWV | BEG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.80 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | — | — |
| Martin ratioReturn relative to average drawdown | -1.50 | — | — |
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Drawdowns
EWV vs. BEG - Drawdown Comparison
The maximum EWV drawdown since its inception was -99.20%, which is greater than BEG's maximum drawdown of -59.85%. Use the drawdown chart below to compare losses from any high point for EWV and BEG.
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Drawdown Indicators
| EWV | BEG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.20% | -59.85% | -39.35% |
Max Drawdown (1Y)Largest decline over 1 year | -51.16% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -71.19% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -79.51% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -90.83% | — | — |
Current DrawdownCurrent decline from peak | -99.13% | -13.66% | -85.47% |
Average DrawdownAverage peak-to-trough decline | -84.30% | -16.74% | -67.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.92% | — | — |
Volatility
EWV vs. BEG - Volatility Comparison
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Volatility by Period
| EWV | BEG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.65% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 34.20% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 42.12% | 212.91% | -170.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.15% | 212.91% | -175.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.09% | 212.91% | -177.82% |
EWV vs. BEG - Expense Ratio Comparison
EWV has a 0.95% expense ratio, which is higher than BEG's 0.75% expense ratio.
Dividends
EWV vs. BEG - Dividend Comparison
EWV's dividend yield for the trailing twelve months is around 4.96%, 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% |
EWV ProShares UltraShort MSCI Japan | 4.96% | 3.63% | 3.39% | 3.42% | 0.65% | 0.00% | 0.00% | 0.33% | 0.00% |
Frequently Asked Questions
EWV and BEG have a correlation of -0.28, 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 EWV.
EWV has the higher dividend yield at 4.96%, compared with 0.00% for BEG.
They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for EWV and 0.75% for BEG.
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