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 10/15/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BZQ 13.71% 39.58% 1.28% -42.58% -38.65% -37.06% -26.97%
BZQ (NAV) 6.89% 32.14% -6.27% -48.06% -40.56% -37.57% -29.60%
MSCI Brazil 25/50 Index -3.76% -16.30% -8.45% 18.42% -1.33% 1.65% -2.32%
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%
$16.82M
0.09%
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 10/18/21
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

341,187
$5.21M
297,961
$4.57M
0.09%
$0.01
-0.01%
99.75% / -1.41%
None
83.00%
25,000
11.92
0.06%
--
958
$16.12
N/A