EZJ vs. UCC
EZJ (ProShares Ultra MSCI Japan) and UCC (ProShares Ultra Consumer Services) are both exchange-traded funds - EZJ is a Japan Equities fund tracking the MSCI Japan Index (200%), while UCC is a Leveraged Equities fund tracking the Dow Jones U.S. Consumer Services Index (200%). Both are passively managed. Over the past 10 years, EZJ returned 10.05%/yr vs 13.51%/yr for UCC. Their 0.51 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.95% expense ratio.
Performance
EZJ vs. UCC - Performance Comparison
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Returns By Period
In the year-to-date period, EZJ achieves a 29.20% return, which is significantly higher than UCC's -7.03% return. Over the past 10 years, EZJ has underperformed UCC with an annualized return of 10.05%, while UCC has yielded a comparatively higher 13.51% annualized return.
EZJ
- 1D
- 3.68%
- 1M
- 2.34%
- 6M
- 12.88%
- YTD
- 29.20%
- 1Y
- 54.78%
- 3Y*
- 26.39%
- 5Y*
- 8.53%
- 10Y*
- 10.05%
- ALL TIME*
- 8.15%
UCC
- 1D
- 0.04%
- 1M
- 0.72%
- 6M
- -8.61%
- YTD
- -7.03%
- 1Y
- 7.77%
- 3Y*
- 12.77%
- 5Y*
- -0.73%
- 10Y*
- 13.51%
- ALL TIME*
- 13.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $67.09K | $107.47K | $207.90K | |
| $370.01K | $220.92K | $193.13K |
EZJ vs. UCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EZJ ProShares Ultra MSCI Japan | 29.20% | 42.72% | 3.31% | 30.78% | -38.23% | -1.96% | 22.21% | 33.76% | -30.99% | 49.10% |
UCC ProShares Ultra Consumer Services | -7.03% | 2.21% | 44.24% | 61.67% | -57.59% | 20.92% | 46.55% | 53.76% | -4.94% | 42.05% |
Correlation
The correlation between EZJ and UCC is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.56 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2009 | 0.51 |
The correlation between EZJ and UCC has been stable across timeframes, ranging from 0.51 to 0.56 - a consistent structural relationship.
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Return for Risk
EZJ vs. UCC — Risk / Return Rank
EZJ
UCC
EZJ vs. UCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Japan (EZJ) and ProShares Ultra Consumer Services (UCC). 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 | UCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.07 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 0.27 | +1.79 |
| Martin ratioReturn relative to average drawdown | 5.91 | 0.63 | +5.28 |
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Drawdowns
EZJ vs. UCC - Drawdown Comparison
The maximum EZJ drawdown since its inception was -58.63%, smaller than the maximum UCC drawdown of -83.05%. Use the drawdown chart below to compare losses from any high point for EZJ and UCC.
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Drawdown Indicators
| EZJ | UCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.63% | -83.05% | +24.42% |
Max Drawdown (1Y)Largest decline over 1 year | -26.78% | -29.14% | +2.36% |
Max Drawdown (3Y)Largest decline over 3 years | -31.48% | -48.01% | +16.53% |
Max Drawdown (5Y)Largest decline over 5 years | -58.63% | -61.77% | +3.14% |
Max Drawdown (10Y)Largest decline over 10 years | -58.63% | -61.77% | +3.14% |
Current DrawdownCurrent decline from peak | -6.31% | -16.99% | +10.68% |
Average DrawdownAverage peak-to-trough decline | -21.16% | -21.79% | +0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.30% | 12.36% | -3.06% |
Volatility
EZJ vs. UCC - Volatility Comparison
ProShares Ultra MSCI Japan (EZJ) and ProShares Ultra Consumer Services (UCC) have volatilities of 15.00% and 14.94%, 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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Volatility by Period
| EZJ | UCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.00% | 14.94% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 36.21% | 30.50% | +5.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.87% | 38.87% | +4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.52% | 44.27% | -6.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.85% | 40.97% | -6.12% |
EZJ vs. UCC - Expense Ratio Comparison
Both EZJ and UCC have an expense ratio of 0.95%.
Dividends
EZJ vs. UCC - Dividend Comparison
EZJ's dividend yield for the trailing twelve months is around 1.84%, more than UCC's 1.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EZJ ProShares Ultra MSCI Japan | 1.84% | 1.13% | 2.09% | 1.11% | 0.56% | 0.00% | 0.00% | 0.24% | 4.49% | 0.00% | 0.00% | 0.00% |
UCC ProShares Ultra Consumer Services | 1.24% | 1.10% | 0.17% | 0.04% | 0.25% | 0.00% | 0.02% | 0.17% | 0.18% | 0.14% | 0.21% | 0.14% |
Frequently Asked Questions
EZJ and UCC have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EZJ has higher volatility (15.00%) compared to UCC (14.94%). In terms of maximum drawdown, EZJ dropped -58.63% vs UCC's -83.05%.
On 10-year performance, UCC leads with 13.51% vs 10.05% for EZJ. Both ETFs have the same 0.95% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UCC has performed better with a 13.51% return vs 10.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EZJ and UCC have the same expense ratio: 0.95% per year.
EZJ has the higher dividend yield at 1.84%, compared with 1.24% for UCC.
EZJ is categorized as Japan Equities, while UCC is Leveraged Equities. EZJ tracks MSCI Japan Index (200%), while UCC tracks Dow Jones U.S. Consumer Services Index (200%).
EZJ currently has the higher Sharpe Ratio (1.29 vs 0.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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