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 06/18/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BZQ -14.36% -36.57% -28.90% -64.24% -53.60% -48.23% -28.04%
BZQ (NAV) -14.36% -36.44% -28.83% -64.16% -53.68% -48.22% -27.63%
MSCI Brazil 25/50 Index 8.15% 22.17% 10.95% 41.21% 11.94% 11.87% -2.01%
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%
$10.85M
0.12%
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 06/22/21
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

139,603
$1.98M
134,392
$1.93M
0.12%
$0.01
0.00%
99.75% / -1.41%
None
84.00%
25,000
5.38
0.07%
--
740
$12.24
N/A