EZJ vs. EWV
Compare and contrast key facts about ProShares Ultra MSCI Japan (EZJ) and ProShares UltraShort MSCI Japan (EWV).
EZJ and EWV 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. 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. Both EZJ and EWV 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: EZJ or EWV.
Key characteristics
| EZJ | EWV | |
|---|---|---|
| YTD Return | 3.05% | -10.36% |
| 1Y Return | 13.09% | -19.23% |
| 3Y Return (Ann) | -8.04% | -3.52% |
| 5Y Return (Ann) | -0.03% | -14.20% |
| 10Y Return (Ann) | 4.05% | -15.84% |
| Sharpe Ratio | 0.50 | -0.67 |
| Sortino Ratio | 0.89 | -0.86 |
| Omega Ratio | 1.11 | 0.91 |
| Calmar Ratio | 0.44 | -0.23 |
| Martin Ratio | 1.99 | -1.06 |
| Ulcer Index | 8.90% | 21.40% |
| Daily Std Dev | 35.28% | 34.06% |
| Max Drawdown | -58.63% | -98.53% |
| Current Drawdown | -31.14% | -98.29% |
Correlation
The correlation between EZJ and EWV 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
EZJ vs. EWV - Performance Comparison
In the year-to-date period, EZJ achieves a 3.05% return, which is significantly higher than EWV's -10.36% return. Over the past 10 years, EZJ has outperformed EWV with an annualized return of 4.05%, while EWV has yielded a comparatively lower -15.84% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EZJ vs. EWV - Expense Ratio Comparison
Both EZJ and EWV have an expense ratio of 0.95%.
Risk-Adjusted Performance
EZJ vs. EWV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Japan (EZJ) and ProShares UltraShort MSCI Japan (EWV). 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
EZJ vs. EWV - Dividend Comparison
EZJ's dividend yield for the trailing twelve months is around 1.91%, less than EWV's 2.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
EZJ ProShares Ultra MSCI Japan | 1.91% | 1.11% | 0.56% | 0.00% | 0.00% | 0.24% | 4.49% |
EWV ProShares UltraShort MSCI Japan | 2.60% | 2.61% | 0.06% | 0.00% | 0.00% | 0.11% | 0.00% |
Drawdowns
EZJ vs. EWV - Drawdown Comparison
The maximum EZJ drawdown since its inception was -58.63%, smaller than the maximum EWV drawdown of -98.53%. Use the drawdown chart below to compare losses from any high point for EZJ and EWV. For additional features, visit the drawdowns tool.
Volatility
EZJ vs. EWV - Volatility Comparison
ProShares Ultra MSCI Japan (EZJ) and ProShares UltraShort MSCI Japan (EWV) have volatilities of 8.90% and 9.15%, 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.