EZJ vs. MULL
Compare and contrast key facts about ProShares Ultra MSCI Japan (EZJ) and GraniteShares 2x Long MU Daily ETF (MULL).
EZJ and MULL 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. MULL is an actively managed fund by GraniteShares. It was launched on Nov 11, 2024.
Performance
EZJ vs. MULL - Performance Comparison
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EZJ vs. MULL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EZJ ProShares Ultra MSCI Japan | 11.08% | 42.72% | -2.27% |
MULL GraniteShares 2x Long MU Daily ETF | 40.10% | 558.51% | -40.10% |
Returns By Period
In the year-to-date period, EZJ achieves a 11.08% return, which is significantly lower than MULL's 40.10% 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%
MULL
- 1D
- 18.15%
- 1M
- -25.99%
- YTD
- 40.10%
- 6M
- 196.67%
- 1Y
- 845.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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EZJ vs. MULL - Expense Ratio Comparison
EZJ has a 0.95% expense ratio, which is lower than MULL's 1.50% expense ratio.
Return for Risk
EZJ vs. MULL — Risk / Return Rank
EZJ
MULL
EZJ vs. MULL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Japan (EZJ) and GraniteShares 2x Long MU Daily ETF (MULL). 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 | MULL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 6.53 | -5.24 |
Sortino ratioReturn per unit of downside risk | 1.85 | 3.77 | -1.92 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.50 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 16.69 | -14.64 |
Martin ratioReturn relative to average drawdown | 7.31 | 46.83 | -39.52 |
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 | MULL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 6.53 | -5.24 |
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 | 1.91 | -1.70 |
Correlation
The correlation between EZJ and MULL is 0.38, 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. MULL - Dividend Comparison
EZJ's dividend yield for the trailing twelve months is around 1.86%, more than MULL's 0.28% 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% |
MULL GraniteShares 2x Long MU Daily ETF | 0.28% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EZJ vs. MULL - Drawdown Comparison
The maximum EZJ drawdown since its inception was -58.63%, smaller than the maximum MULL drawdown of -72.29%. Use the drawdown chart below to compare losses from any high point for EZJ and MULL.
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Drawdown Indicators
| EZJ | MULL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.63% | -72.29% | +13.66% |
Max Drawdown (1Y)Largest decline over 1 year | -26.78% | -53.09% | +26.31% |
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% | -39.05% | +21.64% |
Average DrawdownAverage peak-to-trough decline | -21.39% | -21.99% | +0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.53% | 18.92% | -11.39% |
Volatility
EZJ vs. MULL - Volatility Comparison
The current volatility for ProShares Ultra MSCI Japan (EZJ) is 18.88%, while GraniteShares 2x Long MU Daily ETF (MULL) has a volatility of 47.87%. This indicates that EZJ experiences smaller price fluctuations and is considered to be less risky than MULL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EZJ | MULL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.88% | 47.87% | -28.99% |
Volatility (6M)Calculated over the trailing 6-month period | 31.15% | 99.70% | -68.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.49% | 130.90% | -86.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.39% | 130.06% | -93.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.55% | 130.06% | -95.51% |