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 09/29/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BZQ -- -- -- -- -- -- --
BZQ (NAV) 19.68% -15.15% -32.21% -27.91% -36.46% -32.79% -27.72%
MSCI Brazil 25/50 Index -10.42% 4.70% 8.68% 1.44% -5.99% -2.06% -2.00%
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%
$17.38M
0.18%
N/A

BZQ Portfolio Data

0.19%
12/22/22

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 09/30/22
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

209,512
$2.31M
199,807
$2.27M
0.18%
$0.04
0.00%
0.93% / -1.46%
None
84.62%
25,000
7.99
0.06%
--
1,396
$24.86
N/A