EWZ vs. UBR
Compare and contrast key facts about iShares MSCI Brazil ETF (EWZ) and ProShares Ultra MSCI Brazil (UBR).
EWZ and UBR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWZ is a passively managed fund by iShares that tracks the performance of the MSCI Brazil 25/50 Index. It was launched on Jul 10, 2000. UBR is a passively managed fund by ProShares that tracks the performance of the MSCI Brazil Index (200%). It was launched on Apr 27, 2010. Both EWZ and UBR 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: EWZ or UBR.
Performance
EWZ vs. UBR - Performance Comparison
Returns By Period
In the year-to-date period, EWZ achieves a -19.33% return, which is significantly higher than UBR's -40.88% return. Over the past 10 years, EWZ has outperformed UBR with an annualized return of 0.46%, while UBR has yielded a comparatively lower -14.75% annualized return.
EWZ
-19.33%
-3.19%
-11.18%
-12.81%
-1.97%
0.46%
UBR
-40.88%
-8.51%
-25.20%
-33.09%
-22.62%
-14.75%
Key characteristics
| EWZ | UBR | |
|---|---|---|
| Sharpe Ratio | -0.65 | -0.81 |
| Sortino Ratio | -0.81 | -1.05 |
| Omega Ratio | 0.91 | 0.88 |
| Calmar Ratio | -0.28 | -0.34 |
| Martin Ratio | -1.04 | -1.22 |
| Ulcer Index | 12.60% | 26.76% |
| Daily Std Dev | 20.27% | 40.42% |
| Max Drawdown | -77.27% | -97.15% |
| Current Drawdown | -45.80% | -95.55% |
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EWZ vs. UBR - Expense Ratio Comparison
EWZ has a 0.59% expense ratio, which is lower than UBR's 0.95% expense ratio.
Correlation
The correlation between EWZ and UBR is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
EWZ vs. UBR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil ETF (EWZ) and ProShares Ultra MSCI Brazil (UBR). 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
EWZ vs. UBR - Dividend Comparison
EWZ's dividend yield for the trailing twelve months is around 7.82%, more than UBR's 5.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWZ iShares MSCI Brazil ETF | 7.82% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% | 3.78% | 3.23% |
UBR ProShares Ultra MSCI Brazil | 5.42% | 1.15% | 0.00% | 0.00% | 0.00% | 0.53% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EWZ vs. UBR - Drawdown Comparison
The maximum EWZ drawdown since its inception was -77.27%, smaller than the maximum UBR drawdown of -97.15%. Use the drawdown chart below to compare losses from any high point for EWZ and UBR. For additional features, visit the drawdowns tool.
Volatility
EWZ vs. UBR - Volatility Comparison
The current volatility for iShares MSCI Brazil ETF (EWZ) is 5.60%, while ProShares Ultra MSCI Brazil (UBR) has a volatility of 11.49%. This indicates that EWZ experiences smaller price fluctuations and is considered to be less risky than UBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.