EZJ vs. LULG
EZJ (ProShares Ultra MSCI Japan) and LULG (Leverage Shares 2X Long LULU Daily ETF) are both Leveraged Equities funds. EZJ is passively managed, while LULG is actively managed. At a 0.27 correlation, their price movements are largely independent. EZJ charges 0.95%/yr vs 0.75%/yr for LULG.
Performance
EZJ vs. LULG - Performance Comparison
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Returns By Period
In the year-to-date period, EZJ achieves a 27.24% return, which is significantly higher than LULG's -75.54% return.
EZJ
- 1D
- 1.48%
- 1M
- 0.91%
- YTD
- 27.24%
- 6M
- 26.38%
- 1Y
- 62.45%
- 3Y*
- 26.61%
- 5Y*
- 7.82%
- 10Y*
- 11.65%
LULG
- 1D
- -1.81%
- 1M
- -25.41%
- YTD
- -75.54%
- 6M
- -76.28%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EZJ vs. LULG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EZJ ProShares Ultra MSCI Japan | 27.24% | 1.21% |
LULG Leverage Shares 2X Long LULU Daily ETF | -75.54% | 55.59% |
Correlation
The correlation between EZJ and LULG is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025 | 0.27 |
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Return for Risk
EZJ vs. LULG — Risk / Return Rank
EZJ
LULG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EZJ vs. LULG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Japan (EZJ) and Leverage Shares 2X Long LULU Daily ETF (LULG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EZJ | LULG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.27 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | — | — |
| Martin ratioReturn relative to average drawdown | 7.04 | — | — |
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Drawdowns
EZJ vs. LULG - Drawdown Comparison
The maximum EZJ drawdown since its inception was -58.63%, smaller than the maximum LULG drawdown of -79.88%. Use the drawdown chart below to compare losses from any high point for EZJ and LULG.
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Drawdown Indicators
| EZJ | LULG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.63% | -79.88% | +21.25% |
Max Drawdown (1Y)Largest decline over 1 year | -26.78% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -31.48% | — | — |
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 | -7.74% | -77.35% | +69.61% |
Average DrawdownAverage peak-to-trough decline | -21.23% | -37.21% | +15.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.90% | — | — |
Volatility
EZJ vs. LULG - Volatility Comparison
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Volatility by Period
| EZJ | LULG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.40% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 34.13% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 42.14% | 88.29% | -46.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.14% | 88.29% | -51.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.74% | 88.29% | -53.55% |
EZJ vs. LULG - Expense Ratio Comparison
EZJ has a 0.95% expense ratio, which is higher than LULG's 0.75% expense ratio.
Dividends
EZJ vs. LULG - Dividend Comparison
EZJ's dividend yield for the trailing twelve months is around 1.87%, while LULG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EZJ ProShares Ultra MSCI Japan | 1.87% | 1.13% | 2.09% | 1.11% | 0.56% | 0.00% | 0.00% | 0.24% | 4.49% |
LULG Leverage Shares 2X Long LULU Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EZJ and LULG have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LULG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LULG is cheaper with a 0.75% expense ratio, compared with 0.95% for EZJ.
EZJ has the higher dividend yield at 1.87%, compared with 0.00% for LULG.
They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for EZJ and 0.75% for LULG.
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