MJSC vs. EWV
MJSC (MUFG Japan Small Cap Active ETF) and EWV (ProShares UltraShort MSCI Japan) are both Japan Equities funds. MJSC is actively managed, while EWV is passively managed. At a correlation of -0.81, they often move in opposite directions. MJSC charges 0.85%/yr vs 0.95%/yr for EWV.
Performance
MJSC vs. EWV - Performance Comparison
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Returns By Period
In the year-to-date period, MJSC achieves a 22.23% return, which is significantly higher than EWV's -26.88% return.
MJSC
- 1D
- -1.17%
- 1M
- -1.21%
- 6M
- 16.49%
- YTD
- 22.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EWV
- 1D
- 3.28%
- 1M
- 4.00%
- 6M
- -18.42%
- YTD
- -26.88%
- 1Y
- -45.59%
- 3Y*
- -27.47%
- 5Y*
- -18.13%
- 10Y*
- -19.64%
MJSC vs. EWV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MJSC MUFG Japan Small Cap Active ETF | 22.23% | -0.05% |
EWV ProShares UltraShort MSCI Japan | -26.88% | -4.82% |
Correlation
The correlation between MJSC and EWV is -0.81, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025 | -0.81 |
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Return for Risk
MJSC vs. EWV — Risk / Return Rank
MJSC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EWV
MJSC vs. EWV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MUFG Japan Small Cap Active ETF (MJSC) 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.
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.
| MJSC | EWV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.81 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.90 | — |
| Martin ratioReturn relative to average drawdown | — | -1.39 | — |
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Drawdowns
MJSC vs. EWV - Drawdown Comparison
The maximum MJSC drawdown since its inception was -12.63%, smaller than the maximum EWV drawdown of -99.20%. Use the drawdown chart below to compare losses from any high point for MJSC and EWV.
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Drawdown Indicators
| MJSC | EWV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.63% | -99.20% | +86.57% |
Max Drawdown (1Y)Largest decline over 1 year | — | -50.96% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -71.19% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.51% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.92% | — |
Current DrawdownCurrent decline from peak | -3.71% | -99.12% | +95.41% |
Average DrawdownAverage peak-to-trough decline | -2.89% | -84.35% | +81.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 32.89% | — |
Volatility
MJSC vs. EWV - Volatility Comparison
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Volatility by Period
| MJSC | EWV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.22% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.94% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.78% | 42.49% | -21.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.78% | 37.26% | -16.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.78% | 35.16% | -14.38% |
MJSC vs. EWV - Expense Ratio Comparison
MJSC has a 0.85% expense ratio, which is lower than EWV's 0.95% expense ratio.
Dividends
MJSC vs. EWV - Dividend Comparison
MJSC's dividend yield for the trailing twelve months is around 0.54%, less than EWV's 4.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EWV ProShares UltraShort MSCI Japan | 4.95% | 3.63% | 3.39% | 3.42% | 0.65% | 0.00% | 0.00% | 0.33% | 0.00% |
MJSC MUFG Japan Small Cap Active ETF | 0.54% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MJSC and EWV have a correlation of -0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MJSC is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MJSC is cheaper with a 0.85% expense ratio, compared with 0.95% for EWV.
EWV has the higher dividend yield at 4.95%, compared with 0.54% for MJSC.
They also come from different issuers: MUFG and ProShares. Their fees differ too: 0.85% for MJSC and 0.95% for EWV.
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