ProShares - Ultra MSCI Japan
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.
$68.61+0.05 (+0.08%)
- 2.91%
- $12M
- +51.7%
- 2.01%
- 0M sh
- $68.56
- low $47.01high $71.88
The ETF.net EZJ Grade
D
Score 35 out of 100
- 77 of 99
Score 35 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.
Cost
The fund’s net expense ratio, ranked against its category.F7 out of 100Rank 92 of 99Mission
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.B65 out of 100Rank 23 of 96Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C51 out of 100Rank 51 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D29 out of 100Rank 22 of 23Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B64 out of 100Rank 28 of 99
Our read on EZJ
DMost leveraged bull ETFs aim at the S&P or the Nasdaq. EZJ aims at Tokyo, seeking twice the daily move of the MSCI Japan Index, a corner of the leveraged shelf it has occupied since 2009.
The fund seeks magnified positive daily exposure to the MSCI Japan Index, targeting twice the index's daily return before fees and expenses.
Why people hold it
- Two times the daily move of the MSCI Japan Index in one ticker, with no margin account or futures desk involved.proshares.com
- Trading since 2009, making it one of the long-standing US-listed leveraged ways to express a view on Japanese stocks.proshares.com
- The reference is a broad Japan equity index, so the leverage sits on the whole market rather than one sector or a handful of names.proshares.com
Worth knowing
- Leverage resets daily. Hold past a day and returns compound off each close, so a choppy stretch can leave you far from twice the index's move over that stretch.proshares.com
- The 2.91% expense ratio is several times what the heavyweight leveraged bull funds such as QLD and UDOW charge.
- Small asset base and light trading versus the category's giants, so spreads and limit orders do more of the work on entry and exit.
EZJ Holdings
- Stocks
- 3
- 100%
- EWJ
Sectors
- Industrials22.8%
- Technology22.2%
- Financials19.2%
- Consumer Discretionary11.1%
- Communication9.5%
- Health Care5.3%
- Consumer Staples3.5%
- Materials2.8%
- Real Estate1.7%
- Energy1.0%
- Utilities1.0%
Geography
- United States100.00%
EZJ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
EZJ$15,167
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 | EZJ |
|---|---|
| Year to date | +34.6% |
| 1 month | −3.3% |
| 3 months | +3.4% |
| 1 year | +51.7% |
| 3 years | +31.1% |
| 5 years | +9.8% |
| 10 years | +10.2% |
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 | EZJ |
|---|---|---|
| 2026 YTD | +34.6% | |
| 2025 | +42.7% | |
| 2024 | +3.3% | |
| 2023 | +30.8% | |
| 2022 | −38.2% | |
| 2021 | −2.0% | |
| 2020 | +22.2% |
EZJ in the news
EZJ Dividends
- 2.01%
- $1.38
- $0.23 per share
- Quarterly
Distribution history
EZJ 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.
- 24.5%
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.
- 1.06
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.
- −53.6%
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.
- 1.24
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EZJ Cost
2.91%
EZJ2.91%
- The middle half of Leveraged Long (2x & Other) funds
- Median 1.00%
88 of the 95 Leveraged Long (2x & Other) funds charge less.
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