EZJ vs. ^N225
Compare and contrast key facts about ProShares Ultra MSCI Japan (EZJ) and Nikkei 225 (^N225).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EZJ or ^N225.
Key characteristics
| EZJ | ^N225 | |
|---|---|---|
| YTD Return | 3.05% | 15.38% |
| 1Y Return | 13.09% | 18.09% |
| 3Y Return (Ann) | -8.04% | 9.41% |
| 5Y Return (Ann) | -0.03% | 10.90% |
| 10Y Return (Ann) | 4.05% | 8.38% |
| Sharpe Ratio | 0.50 | 0.69 |
| Sortino Ratio | 0.89 | 1.05 |
| Omega Ratio | 1.11 | 1.17 |
| Calmar Ratio | 0.44 | 0.71 |
| Martin Ratio | 1.99 | 2.70 |
| Ulcer Index | 8.90% | 6.67% |
| Daily Std Dev | 35.28% | 26.22% |
| Max Drawdown | -58.63% | -81.87% |
| Current Drawdown | -31.14% | -8.56% |
Correlation
The correlation between EZJ and ^N225 is 0.32, 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.
Performance
EZJ vs. ^N225 - Performance Comparison
In the year-to-date period, EZJ achieves a 3.05% return, which is significantly lower than ^N225's 15.38% return. Over the past 10 years, EZJ has underperformed ^N225 with an annualized return of 4.05%, while ^N225 has yielded a comparatively higher 8.38% 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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Risk-Adjusted Performance
EZJ vs. ^N225 - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Japan (EZJ) and Nikkei 225 (^N225). 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.
Drawdowns
EZJ vs. ^N225 - Drawdown Comparison
The maximum EZJ drawdown since its inception was -58.63%, smaller than the maximum ^N225 drawdown of -81.87%. Use the drawdown chart below to compare losses from any high point for EZJ and ^N225. For additional features, visit the drawdowns tool.
Volatility
EZJ vs. ^N225 - Volatility Comparison
ProShares Ultra MSCI Japan (EZJ) has a higher volatility of 8.76% compared to Nikkei 225 (^N225) at 6.89%. This indicates that EZJ's price experiences larger fluctuations and is considered to be riskier than ^N225 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.