ProShares - UltraShort MSCI Brazil Capped
DThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$13.61+0.39 (+2.95%)
- 1.99%
- $2M
- −66.2%
- 11.05%
- 0M sh
- $13.23
- low $12.95high $41.12
The ETF.net BZQ Grade
D
Score 29 out of 100
- 42 of 54
Score 29 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 30
- This cap took
- −0
- Published Score
- 29
Cost
The fund’s net expense ratio, ranked against its category.D34 out of 100Rank 36 of 54Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F24 out of 100Rank 48 of 53Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F23 out of 100Rank 49 of 54Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D39 out of 100Rank 41 of 54
Our read on BZQ
DThe one-ticker way to lean against Brazil: BZQ aims for two times the inverse of the MSCI Brazil 25/50 Index's move each trading day. A short-horizon trading tool with a daily reset, not a set-and-forget short.
BZQ seeks daily results corresponding to two times the inverse performance of the MSCI Brazil 25/50 Index, before fees and expenses.
Why people hold it
- Targets two times the inverse of the MSCI Brazil 25/50 Index's daily move in one ticker, with no margin account or borrowed shares needed.proshares.com
- Trading since 2009, through several Brazil boom and bust cycles, from a firm built around leveraged and inverse funds.
- It is a fund share, not an outright short, so the most at stake is the amount invested.proshares.com
Worth knowing
- The 2x inverse target resets every day. Over longer holds, compounding pulls results away from twice the index's inverse return, especially in choppy markets.proshares.com
- At 1.99% a year, the fee sits well above the typical leveraged or inverse fund's.
- A small, thinly traded fund concentrated in one emerging market, so spreads can run wider than at the big inverse names.
BZQ Holdings
- Stocks
- 1
- 100%
- Net Other Assets (Liabilities)
BZQ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
BZQ$3,382
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BZQ |
|---|---|
| Year to date | −55.0% |
| 1 month | −27.4% |
| 3 months | −36.7% |
| 1 year | −66.2% |
| 3 years | −36.3% |
| 5 years | −35.4% |
| 10 years | −36.2% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BZQ |
|---|---|---|
| 2026 YTD | −55.0% | |
| 2025 | −57.9% | |
| 2024 | +98.8% | |
| 2023 | −49.1% | |
| 2022 | −44.2% | |
| 2021 | +6.5% | |
| 2020 | −52.9% |
BZQ in the news
BZQ Dividends
- 11.05%
- $1.46
- $0.30 per share
- Quarterly
Distribution history
BZQ Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 44.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.60
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −90.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −0.58
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BZQ Cost
1.99%
BZQ1.99%
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
34 of the 53 Leveraged Inverse (2x & Other) funds charge less.
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