UBR vs. EWZ
Compare and contrast key facts about ProShares Ultra MSCI Brazil (UBR) and iShares MSCI Brazil ETF (EWZ).
UBR and EWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UBR is a passively managed fund by ProShares that tracks the performance of the MSCI Brazil Index (200%). It was launched on Apr 27, 2010. EWZ is a passively managed fund by iShares that tracks the performance of the MSCI Brazil 25/50 Index. It was launched on Jul 10, 2000. Both UBR and EWZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UBR or EWZ.
Performance
UBR vs. EWZ - Performance Comparison
Returns By Period
In the year-to-date period, UBR achieves a -42.62% return, which is significantly lower than EWZ's -20.46% return. Over the past 10 years, UBR has underperformed EWZ with an annualized return of -16.21%, while EWZ has yielded a comparatively higher -0.04% annualized return.
UBR
-42.62%
-9.10%
-22.21%
-35.23%
-23.11%
-16.21%
EWZ
-20.46%
-4.20%
-9.24%
-14.71%
-2.78%
-0.04%
Key characteristics
| UBR | EWZ | |
|---|---|---|
| Sharpe Ratio | -0.88 | -0.73 |
| Sortino Ratio | -1.19 | -0.95 |
| Omega Ratio | 0.87 | 0.89 |
| Calmar Ratio | -0.37 | -0.32 |
| Martin Ratio | -1.29 | -1.15 |
| Ulcer Index | 27.29% | 12.85% |
| Daily Std Dev | 40.21% | 20.16% |
| Max Drawdown | -97.15% | -77.27% |
| Current Drawdown | -95.68% | -46.55% |
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UBR vs. EWZ - Expense Ratio Comparison
UBR has a 0.95% expense ratio, which is higher than EWZ's 0.59% expense ratio.
Correlation
The correlation between UBR and EWZ is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
UBR vs. EWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Brazil (UBR) and iShares MSCI Brazil ETF (EWZ). 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.
Dividends
UBR vs. EWZ - Dividend Comparison
UBR's dividend yield for the trailing twelve months is around 5.58%, less than EWZ's 7.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UBR ProShares Ultra MSCI Brazil | 5.58% | 1.15% | 0.00% | 0.00% | 0.00% | 0.53% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EWZ iShares MSCI Brazil ETF | 7.93% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% | 3.78% | 3.23% |
Drawdowns
UBR vs. EWZ - Drawdown Comparison
The maximum UBR drawdown since its inception was -97.15%, which is greater than EWZ's maximum drawdown of -77.27%. Use the drawdown chart below to compare losses from any high point for UBR and EWZ. For additional features, visit the drawdowns tool.
Volatility
UBR vs. EWZ - Volatility Comparison
ProShares Ultra MSCI Brazil (UBR) has a higher volatility of 11.60% compared to iShares MSCI Brazil ETF (EWZ) at 5.65%. This indicates that UBR's price experiences larger fluctuations and is considered to be riskier than EWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.