EZJ vs. DXJ
Compare and contrast key facts about ProShares Ultra MSCI Japan (EZJ) and WisdomTree Japan Hedged Equity Fund (DXJ).
EZJ and DXJ 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. DXJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Hedged Equity Index. It was launched on Jun 16, 2006. Both EZJ and DXJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EZJ vs. DXJ - Performance Comparison
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EZJ vs. DXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EZJ ProShares Ultra MSCI Japan | 11.08% | 42.72% | 3.31% | 30.78% | -38.23% | -1.96% | 22.21% | 33.76% | -30.99% | 49.10% |
DXJ WisdomTree Japan Hedged Equity Fund | 12.49% | 32.78% | 29.83% | 42.04% | 5.96% | 17.99% | 3.94% | 18.94% | -19.78% | 22.81% |
Returns By Period
In the year-to-date period, EZJ achieves a 11.08% return, which is significantly lower than DXJ's 12.49% return. Over the past 10 years, EZJ has underperformed DXJ with an annualized return of 10.14%, while DXJ has yielded a comparatively higher 17.51% annualized 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%
DXJ
- 1D
- 2.26%
- 1M
- -2.82%
- YTD
- 12.49%
- 6M
- 28.11%
- 1Y
- 50.78%
- 3Y*
- 35.37%
- 5Y*
- 24.88%
- 10Y*
- 17.51%
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EZJ vs. DXJ - Expense Ratio Comparison
EZJ has a 0.95% expense ratio, which is higher than DXJ's 0.48% expense ratio.
Return for Risk
EZJ vs. DXJ — Risk / Return Rank
EZJ
DXJ
EZJ vs. DXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Japan (EZJ) and WisdomTree Japan Hedged Equity Fund (DXJ). 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 | DXJ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 2.24 | -0.95 |
Sortino ratioReturn per unit of downside risk | 1.85 | 2.88 | -1.04 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.45 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 3.91 | -1.86 |
Martin ratioReturn relative to average drawdown | 7.31 | 15.24 | -7.94 |
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 | DXJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 2.24 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 1.32 | -1.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.86 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.41 | -0.20 |
Correlation
The correlation between EZJ and DXJ is 0.79, 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.
Dividends
EZJ vs. DXJ - Dividend Comparison
EZJ's dividend yield for the trailing twelve months is around 1.86%, more than DXJ's 1.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EZJ ProShares Ultra MSCI Japan | 1.86% | 1.13% | 2.09% | 1.11% | 0.56% | 0.00% | 0.00% | 0.24% | 4.49% | 0.00% | 0.00% | 0.00% |
DXJ WisdomTree Japan Hedged Equity Fund | 1.15% | 1.29% | 3.48% | 3.44% | 3.02% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% |
Drawdowns
EZJ vs. DXJ - Drawdown Comparison
The maximum EZJ drawdown since its inception was -58.63%, which is greater than DXJ's maximum drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for EZJ and DXJ.
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Drawdown Indicators
| EZJ | DXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.63% | -49.63% | -9.00% |
Max Drawdown (1Y)Largest decline over 1 year | -26.78% | -12.65% | -14.13% |
Max Drawdown (5Y)Largest decline over 5 years | -58.63% | -22.19% | -36.44% |
Max Drawdown (10Y)Largest decline over 10 years | -58.63% | -39.14% | -19.49% |
Current DrawdownCurrent decline from peak | -17.41% | -4.69% | -12.72% |
Average DrawdownAverage peak-to-trough decline | -21.39% | -14.44% | -6.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.53% | 3.25% | +4.28% |
Volatility
EZJ vs. DXJ - Volatility Comparison
ProShares Ultra MSCI Japan (EZJ) has a higher volatility of 18.88% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 7.27%. This indicates that EZJ's price experiences larger fluctuations and is considered to be riskier than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EZJ | DXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.88% | 7.27% | +11.61% |
Volatility (6M)Calculated over the trailing 6-month period | 31.15% | 13.82% | +17.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.49% | 22.85% | +21.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.39% | 18.93% | +17.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.55% | 20.51% | +14.04% |