EWV vs. LINT

Last updated Aug 5, 2026

EWV (ProShares UltraShort MSCI Japan) and LINT (Direxion Daily INTC Bull 2X Shares) are both exchange-traded funds - EWV is a Japan Equities fund tracking the MSCI Japan Index (-200%), while LINT is a Leveraged Equities fund actively managed by Direxion. EWV is passively managed, while LINT is actively managed. Their -0.47 correlation means they have often moved in opposite directions in the past. EWV charges 0.95%/yr vs 0.97%/yr for LINT.

Performance

EWV vs. LINT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort MSCI Japan (EWV) and Direxion Daily INTC Bull 2X Shares (LINT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EWV achieves a -31.51% return, which is significantly lower than LINT's 347.15% return.

EWV

• 1D: -3.83%
• 1M: -4.44%
• 6M: -21.69%
• YTD: -31.51%
• 1Y: -44.00%
• 3Y*: -29.54%
• 5Y*: -18.78%
• 10Y*: -19.87%
• ALL TIME*: -18.99%

LINT

• 1D: 22.09%
• 1M: -34.82%
• 6M: 182.15%
• YTD: 347.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EWV ProShares UltraShort MSCI Japan	$133.08K	$106.56K	$313.57K
LINT Direxion Daily INTC Bull 2X Shares	$20.13M	$20.02M	$34.55M

EWV vs. LINT - Yearly Performance Comparison

	2026 (YTD)	2025
EWV ProShares UltraShort MSCI Japan	-31.51%	-6.48%
LINT Direxion Daily INTC Bull 2X Shares	347.15%	5.81%

Correlation

The correlation between EWV and LINT is -0.47, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	-0.47

Return for Risk

EWV vs. LINT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EWV

EWV Risk / Return Rank: 1
EWV Sharpe Ratio Rank: 1
EWV Sortino Ratio Rank: 2
EWV Omega Ratio Rank: 2
EWV Calmar Ratio Rank: 1
EWV Martin Ratio Rank: 1

LINT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EWV vs. LINT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI Japan (EWV) and Direxion Daily INTC Bull 2X Shares (LINT). 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	LINT	Difference
Sharpe ratio: Return per unit of total volatility	-1.03	—	—
Sortino ratio: Return per unit of downside risk	-1.53	—	—
Omega ratio: Gain probability vs. loss probability	0.82	—	—
Calmar ratio: Return relative to maximum drawdown	-0.96	—	—
Martin ratio: Return relative to average drawdown	-1.53	—	—

Drawdowns

EWV vs. LINT - Drawdown Comparison

The maximum EWV drawdown since its inception was -99.20%, which is greater than LINT's maximum drawdown of -69.02%. Use the drawdown chart below to compare losses from any high point for EWV and LINT.

Drawdown Indicators

	EWV	LINT	Difference
Max Drawdown Largest peak-to-trough decline	-99.20%	-69.02%	-30.18%
Max Drawdown (1Y) Largest decline over 1 year	-46.21%	—	—
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	-89.45%	—	—
Current Drawdown Current decline from peak	-99.18%	-53.88%	-45.30%
Average Drawdown Average peak-to-trough decline	-84.39%	-24.24%	-60.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.72%	—	—

Volatility

Volatility by Period

	EWV	LINT	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	36.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	42.84%	170.36%	-127.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.56%	170.36%	-132.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.34%	170.36%	-135.02%

EWV vs. LINT - Expense Ratio Comparison

EWV has a 0.95% expense ratio, which is lower than LINT's 0.97% expense ratio.

Dividends

EWV vs. LINT - Dividend Comparison

EWV's dividend yield for the trailing twelve months is around 5.28%, more than LINT's 0.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EWV ProShares UltraShort MSCI Japan	5.28%	3.63%	3.39%	3.42%	0.65%	0.00%	0.00%	0.33%	0.00%
LINT Direxion Daily INTC Bull 2X Shares	0.61%	0.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EWV and LINT in my portfolio?

EWV and LINT have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EWV or LINT?

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.

Which ETF is cheaper, EWV or LINT?

EWV is cheaper with a 0.95% expense ratio, compared with 0.97% for LINT.

Which ETF pays a higher dividend yield, EWV or LINT?

EWV has the higher dividend yield at 5.28%, compared with 0.61% for LINT.

What is the main difference between EWV and LINT?

EWV is categorized as Japan Equities, while LINT is Leveraged Equities. They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for EWV and 0.97% for LINT.