EZJ vs. BITO
Compare and contrast key facts about ProShares Ultra MSCI Japan (EZJ) and ProShares Bitcoin Strategy ETF (BITO).
EZJ and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Performance
EZJ vs. BITO - Performance Comparison
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EZJ vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EZJ ProShares Ultra MSCI Japan | 11.08% | 42.72% | 3.31% | 30.78% | -38.23% | -3.99% |
BITO ProShares Bitcoin Strategy ETF | -22.79% | -11.19% | 104.45% | 137.33% | -63.91% | -31.09% |
Returns By Period
In the year-to-date period, EZJ achieves a 11.08% return, which is significantly higher than BITO's -22.79% return.
EZJ
- 1D
- 4.93%
- 1M
- -9.50%
- YTD
- 11.08%
- 6M
- 18.75%
- 1Y
- 56.99%
- 3Y*
- 23.69%
- 5Y*
- 4.55%
- 10Y*
- 10.14%
BITO
- 1D
- 0.60%
- 1M
- -1.72%
- YTD
- -22.79%
- 6M
- -43.10%
- 1Y
- -23.27%
- 3Y*
- 24.87%
- 5Y*
- —
- 10Y*
- —
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EZJ vs. BITO - Expense Ratio Comparison
Both EZJ and BITO have an expense ratio of 0.95%.
Return for Risk
EZJ vs. BITO — Risk / Return Rank
EZJ
BITO
EZJ vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Japan (EZJ) and ProShares Bitcoin Strategy ETF (BITO). 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.
| EZJ | BITO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | -0.52 | +1.80 |
Sortino ratioReturn per unit of downside risk | 1.85 | -0.50 | +2.35 |
Omega ratioGain probability vs. loss probability | 1.25 | 0.94 | +0.31 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | -0.42 | +2.48 |
Martin ratioReturn relative to average drawdown | 7.31 | -0.89 | +8.19 |
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
| EZJ | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | -0.52 | +1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | -0.08 | +0.29 |
Correlation
The correlation between EZJ and BITO is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EZJ vs. BITO - Dividend Comparison
EZJ's dividend yield for the trailing twelve months is around 1.86%, less than BITO's 80.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EZJ ProShares Ultra MSCI Japan | 1.86% | 1.13% | 2.09% | 1.11% | 0.56% | 0.00% | 0.00% | 0.24% | 4.49% |
BITO ProShares Bitcoin Strategy ETF | 80.47% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EZJ vs. BITO - Drawdown Comparison
The maximum EZJ drawdown since its inception was -58.63%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for EZJ and BITO.
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Drawdown Indicators
| EZJ | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.63% | -77.86% | +19.23% |
Max Drawdown (1Y)Largest decline over 1 year | -26.78% | -50.05% | +23.27% |
Max Drawdown (5Y)Largest decline over 5 years | -58.63% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -58.63% | — | — |
Current DrawdownCurrent decline from peak | -17.41% | -46.75% | +29.34% |
Average DrawdownAverage peak-to-trough decline | -21.39% | -36.57% | +15.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.53% | 23.73% | -16.20% |
Volatility
EZJ vs. BITO - Volatility Comparison
ProShares Ultra MSCI Japan (EZJ) has a higher volatility of 18.88% compared to ProShares Bitcoin Strategy ETF (BITO) at 12.84%. This indicates that EZJ's price experiences larger fluctuations and is considered to be riskier than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EZJ | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.88% | 12.84% | +6.04% |
Volatility (6M)Calculated over the trailing 6-month period | 31.15% | 36.71% | -5.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.49% | 45.32% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.39% | 55.77% | -19.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.55% | 55.77% | -21.22% |