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.

BZQ Charts And Performance

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
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PERFORMANCE [as of 10/17/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BZQ 3.15% 14.65% -30.87% -30.84% -33.55% -30.59% -21.06%
BZQ (NAV) 3.20% 14.54% -30.81% -30.71% -33.55% -30.60% -22.46%
MSCI Brazil 25/50 Index -0.72% -7.63% 12.48% 10.48% 8.41% 2.12% -22.46%
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%
$23.75M
0.04%

BZQ Portfolio Data

1.69%
12/24/19

BZQ Index Data

Market Cap
Market Cap
N/A

BZQ Fund Structure

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

BZQ Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

BZQ Factset Analytics Block Liquidity

As of 10/18/19
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

213,072
$5.50M
209,051
$5.19M
0.04%
$0.01
0.00%
0.58% / -0.53%
None
0.00%
25,000
8.36
0.04%
--
1,378
$24.48
N/A