EWV vs. BRKW
EWV (ProShares UltraShort MSCI Japan) and BRKW (Roundhill BRKB WeeklyPay ETF) are both exchange-traded funds - EWV is a Leveraged Equities fund tracking the MSCI Japan Index (-200%), while BRKW is a Derivative Income fund actively managed by Roundhill. EWV is passively managed, while BRKW is actively managed. At a correlation of -0.18, they often move in opposite directions. EWV charges 0.95%/yr vs 0.99%/yr for BRKW.
Performance
EWV vs. BRKW - Performance Comparison
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Returns By Period
In the year-to-date period, EWV achieves a -28.36% return, which is significantly lower than BRKW's -6.96% return.
EWV
- 1D
- -0.54%
- 1M
- -9.95%
- YTD
- -28.36%
- 6M
- -28.20%
- 1Y
- -44.27%
- 3Y*
- -28.76%
- 5Y*
- -17.67%
- 10Y*
- -20.10%
BRKW
- 1D
- 0.87%
- 1M
- 3.11%
- YTD
- -6.96%
- 6M
- -7.41%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EWV vs. BRKW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EWV ProShares UltraShort MSCI Japan | -28.36% | -23.32% |
BRKW Roundhill BRKB WeeklyPay ETF | -6.96% | 2.09% |
Correlation
The correlation between EWV and BRKW is -0.18, 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 Jun 20, 2025 | -0.18 |
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Return for Risk
EWV vs. BRKW — Risk / Return Rank
EWV
BRKW
EWV vs. BRKW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI Japan (EWV) and Roundhill BRKB WeeklyPay ETF (BRKW). 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.
| EWV | BRKW | 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 | -0.94 | — | — |
| Martin ratioReturn relative to average drawdown | -1.52 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EWV | BRKW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.12 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.48 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.47 | -0.30 | -0.16 |
Drawdowns
EWV vs. BRKW - Drawdown Comparison
The maximum EWV drawdown since its inception was -99.14%, which is greater than BRKW's maximum drawdown of -12.64%. Use the drawdown chart below to compare losses from any high point for EWV and BRKW.
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Drawdown Indicators
| EWV | BRKW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.14% | -12.64% | -86.50% |
Max Drawdown (1Y)Largest decline over 1 year | -47.17% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -68.84% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -77.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -90.16% | — | — |
Current DrawdownCurrent decline from peak | -99.14% | -9.92% | -89.22% |
Average DrawdownAverage peak-to-trough decline | -84.28% | -5.36% | -78.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.20% | — | — |
Volatility
EWV vs. BRKW - Volatility Comparison
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Volatility by Period
| EWV | BRKW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.77% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 31.21% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 39.79% | 17.22% | +22.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.61% | 17.22% | +19.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.95% | 17.22% | +17.73% |
EWV vs. BRKW - Expense Ratio Comparison
EWV has a 0.95% expense ratio, which is lower than BRKW's 0.99% expense ratio.
Dividends
EWV vs. BRKW - Dividend Comparison
EWV's dividend yield for the trailing twelve months is around 5.00%, less than BRKW's 24.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BRKW Roundhill BRKB WeeklyPay ETF | 24.97% | 14.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EWV ProShares UltraShort MSCI Japan | 5.00% | 3.63% | 3.39% | 3.42% | 0.65% | 0.00% | 0.00% | 0.33% | 0.00% |
Frequently Asked Questions
EWV and BRKW have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EWV is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EWV is cheaper with a 0.95% expense ratio, compared with 0.99% for BRKW.
BRKW has the higher dividend yield at 24.97%, compared with 5.00% for EWV.
EWV is categorized as Leveraged Equities, while BRKW is Derivative Income. They also come from different issuers: ProShares and Roundhill. Their fees differ too: 0.95% for EWV and 0.99% for BRKW.
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