EWV vs. EZJ
Compare and contrast key facts about ProShares UltraShort MSCI Japan (EWV) and ProShares Ultra MSCI Japan (EZJ).
EWV and EZJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWV is a passively managed fund by ProShares that tracks the performance of the MSCI Japan Index (-200%). It was launched on Nov 6, 2007. EZJ is a passively managed fund by ProShares that tracks the performance of the MSCI Japan Index (200%). It was launched on Jun 2, 2009. Both EWV and EZJ 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: EWV or EZJ.
Key characteristics
| EWV | EZJ | |
|---|---|---|
| YTD Return | -10.36% | 3.05% |
| 1Y Return | -19.23% | 13.09% |
| 3Y Return (Ann) | -3.52% | -8.04% |
| 5Y Return (Ann) | -14.20% | -0.03% |
| 10Y Return (Ann) | -15.84% | 4.05% |
| Sharpe Ratio | -0.67 | 0.50 |
| Sortino Ratio | -0.86 | 0.89 |
| Omega Ratio | 0.91 | 1.11 |
| Calmar Ratio | -0.23 | 0.44 |
| Martin Ratio | -1.06 | 1.99 |
| Ulcer Index | 21.40% | 8.90% |
| Daily Std Dev | 34.06% | 35.28% |
| Max Drawdown | -98.53% | -58.63% |
| Current Drawdown | -98.29% | -31.14% |
Correlation
The correlation between EWV and EZJ is -0.91. 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
EWV vs. EZJ - Performance Comparison
In the year-to-date period, EWV achieves a -10.36% return, which is significantly lower than EZJ's 3.05% return. Over the past 10 years, EWV has underperformed EZJ with an annualized return of -15.84%, while EZJ has yielded a comparatively higher 4.05% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EWV vs. EZJ - Expense Ratio Comparison
Both EWV and EZJ have an expense ratio of 0.95%.
Risk-Adjusted Performance
EWV vs. EZJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI Japan (EWV) and ProShares Ultra MSCI Japan (EZJ). 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
EWV vs. EZJ - Dividend Comparison
EWV's dividend yield for the trailing twelve months is around 2.60%, more than EZJ's 1.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
EWV ProShares UltraShort MSCI Japan | 2.60% | 2.61% | 0.06% | 0.00% | 0.00% | 0.11% | 0.00% |
EZJ ProShares Ultra MSCI Japan | 1.91% | 1.11% | 0.56% | 0.00% | 0.00% | 0.24% | 4.49% |
Drawdowns
EWV vs. EZJ - Drawdown Comparison
The maximum EWV drawdown since its inception was -98.53%, which is greater than EZJ's maximum drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for EWV and EZJ. For additional features, visit the drawdowns tool.
Volatility
EWV vs. EZJ - Volatility Comparison
ProShares UltraShort MSCI Japan (EWV) and ProShares Ultra MSCI Japan (EZJ) have volatilities of 9.15% and 8.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.