BZQ

ProShares UltraShort MSCI Brazil Capped
*Unless otherwise stated, data provided by FactSet.

BZQ Fund Description

BZQ provides 2x leveraged inverse exposure to a market-cap-weighted index of mid- and large-cap companies operating in Brazil.

BZQ Factset Analytics Insight

BZQ is a -2x play on the MSCI Brazil 25/50 Index—a market-cap-weighted index of Brazilian large- and midcap stocks, which covers the vast majority of the market capitalization in Brazil. That makes it a bet against the financial sector in particular, which accounts for a large portion of the Brazilian equity market. The fund rebalances its leverage on daily basis, and is directly affected by issues of path dependency and compounding. As a result, its long-term returns are difficult to predict when compared with its underlying index. While its holding costs are reasonable for a levered product, the real concern for an intraday tool like this is trading costs. BZQ is good but not great for traders, despite the popularity of the space: daily volume is deep, but spreads still tend to be significant.

PERFORMANCE [as of 05/11/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BZQ 45.68% 3.76% -24.58% -2.33% -38.14% -35.16% -27.86%
BZQ (NAV) 45.12% 3.68% -24.88% -2.68% -38.20% -35.19% -26.99%
MSCI Brazil 25/50 Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

BZQ Summary Data

ProShares
06/16/09
Open-Ended Fund
0.95%
$16.49M
0.14%
N/A

BZQ Portfolio Data

0.19%
N/A

BZQ Index Data

MSCI Brazil 25/50 Index
Market Cap
Market Cap
N/A

BZQ Fund Structure

Yes
No
-- / --
N/A
N/A
High
-2
Daily

BZQ Tax Exposures

20.00% / 39.60%
--
No

BZQ Factset Analytics Block Liquidity

As of 05/13/22
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of BZQ. BZQ is rated a N/A out of 5.

BZQ Tradability

181,006
$1.95M
170,389
$1.88M
0.14%
$0.02
0.00%
99.75% / -1.46%
None
82.00%
25,000
6.82
0.06%
--
843
$13.78
N/A