Correlation
The correlation between EZJ and EWV is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
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.
Performance
EZJ vs. EWV - Performance Comparison
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Key characteristics
EZJ:
0.25
EWV:
-0.51
EZJ:
0.57
EWV:
-0.46
EZJ:
1.07
EWV:
0.95
EZJ:
0.19
EWV:
-0.20
EZJ:
0.75
EWV:
-1.13
EZJ:
11.24%
EWV:
17.74%
EZJ:
42.96%
EWV:
42.35%
EZJ:
-58.63%
EWV:
-98.68%
EZJ:
-19.91%
EWV:
-98.66%
Returns By Period
In the year-to-date period, EZJ achieves a 16.03% return, which is significantly higher than EWV's -19.98% return. Over the past 10 years, EZJ has outperformed EWV with an annualized return of 3.09%, while EWV has yielded a comparatively lower -15.37% annualized return.
EZJ
16.03%
7.38%
10.61%
8.15%
10.37%
7.17%
3.09%
EWV
-19.98%
-7.75%
-15.87%
-19.83%
-19.42%
-17.88%
-15.37%
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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 Rank
EZJ
EWV
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.
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Dividends
EZJ vs. EWV - Dividend Comparison
EZJ's dividend yield for the trailing twelve months is around 1.78%, less than EWV's 3.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
EZJ ProShares Ultra MSCI Japan | 1.78% | 2.09% | 1.11% | 0.56% | 0.00% | 0.00% | 0.24% | 4.49% |
EWV ProShares UltraShort MSCI Japan | 3.95% | 3.39% | 3.41% | 0.25% | 0.00% | 0.00% | 0.33% | 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 -98.68%. Use the drawdown chart below to compare losses from any high point for EZJ and EWV.
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Volatility
EZJ vs. EWV - Volatility Comparison
ProShares Ultra MSCI Japan (EZJ) and ProShares UltraShort MSCI Japan (EWV) have volatilities of 8.98% and 8.87%, 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.
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